FRP Holdings Q4 net income down 77% to $380K; full year down 48% on acquisition costs

FRP HOLDINGS, INC.

2026-Q1 EPS reported -$0.04 revenue$10,594,000

Q4 net income $380K ($0.02/sh) vs $1.68M ($0.09/sh) prior year; includes $512K of Altman acquisition expenses.
Full year net income $3.33M ($0.18/sh) vs $6.39M ($0.34/sh); adjusted net income down $1.1M excluding $2.5M Altman costs.
Pro rata NOI Q4 $9.29M (+2% YoY); full year $37.86M (-0.7% YoY) but up 3% adjusted for non-recurring mining items.
Industrial & Commercial segment NOI fell 12% in Q4 due to tenant eviction and lease expirations; 47.5% occupancy.
Oct 2025 Altman Logistics acquisition adds development pipeline and staff; three industrial projects (762k sf) expected $9.3M NOI at stabilization.

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 0.95

FRP HOLDINGS, INC. reported the quarter and full year ended December 31, 2025 results: net income $0.4 million vs $1.7 million.

Period: the quarter and full year ended December 31, 2025
Net income: $0.4 million vs $1.7 million
Result: reported results

Exact text from the filing

and Mining and Royalty Lands, today reported financial results for the quarter and full year ended December 31, 2025. Fourth Quarter Highlights • 77% decrease in Net Income ($0.4 million vs $1.7 million) due to expenses related to the Altman Logistics platform acquisition ($0.5 million), increased G&A due to the Altman new hires, under performance at Dock and

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Source: SEC EDGAR

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