FRP Holdings Q3 net income up 162% to $1.26M; mining royalties +24.7%

FRP HOLDINGS, INC.

2023-Q3 EPS reported $0.26 revenue$31,401,000

Q3 net income $1.26M ($0.13/sh) vs $0.48M ($0.05/sh) a year ago; operating profit up $1.05M.
Pro-rata NOI +29.5% to $8.09M; mining royalty revenue +24.7%, royalties per ton +19.2%.
Asset Management NOI +58.2%; Stabilized JV NOI -24.6% due to prior sale of TIC interest.
Nine-month net income $2.42M ($0.26/sh) vs $1.81M ($0.19/sh); repurchased 36,909 shares at $54.19 avg.
Shifting strategy: began $30M spec warehouse in Aberdeen, MD (Q3 2024 completion); pausing DC new developments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRP HOLDINGS, INC. reported third quarter ended September 30, 2023 results: net income $1,259,000, EPS $.13 per share.

Period: third quarter ended September 30, 2023
Net income: $1,259,000
EPS: $.13 per share
Result: reported results

Exact text from the filing

Net income for the third quarter of 2023 was $1,259,000 or $.13 per share versus $480,000 or $.05 per share in the same period last year.

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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 0000844059-23-000034

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