FRP Holdings Q2: net income $0.06/sh; pro-rata NOI up 16.3%; mining royalties record

FRP HOLDINGS, INC.

2023-Q2 EPS reported $0.12 revenue$20,810,000

Net income $598K ($0.06) vs $657K ($0.07) YoY; operating profit +$701K on improved revenues.
Pro-rata NOI +16.3% to $7.61M; mining royalty revenue +13.2% to highest Q2 ever.
Asset Mgmt revenue +55.7% to $1.42M; NOI +23.8% to $843K; portfolio 95.6% occupied.
Equity in loss of JVs increased $2.281M due to lease-up at The Verge and .408 Jackson.
Repurchased 18,340 shares at avg $54.52; delaying vertical construction; Investor Day Oct 11.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FRP HOLDINGS, INC. reported financial results for the second quarter ended June 30, 2023.

Period: the second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 9, 2023, FRP Holdings, Inc. issued a press release announcing results of operations for the second quarter ended June 30, 2023.

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

FRP HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0000844059-23-000029

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