FRP Holdings Q3 net income down 51%; Altman acquisition adds $1.3M expense

FRP HOLDINGS, INC.

2025-Q3 EPS reported $0.16 revenue$31,931,000

Net income $662K ($0.03 EPS) vs $1.36M ($0.07 EPS) in Q3 2024, hit by $1.3M Altman acquisition costs.
Pro rata NOI $9.5M, down 16% YoY, but up $0.1M excluding non-recurring $1.9M minimum royalty in prior year.
Multifamily NOI fell 3% on higher uncollectable revenue; Industrial & Commercial NOI dropped 25% on tenant eviction and lease expirations.
Mining Royalty NOI down 26% due to prior year catch-up; adjusted +16% on higher tonnage and pricing.
Subsequent to quarter: Altman Logistics platform acquired; entered JV with SREP for 377,892 sq ft warehouses in Florida.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.