FRP Holdings, Inc. Announces Release Date for Its 2020 First Quarter Earnings and Details for the Earnings Conference Call
FRP Holdings, Inc. (NASDAQ: FRPH) will release its first-quarter earnings results on May 6, 2020, and hold a conference call on May 7, 2020, at 10 a.m. EDT. The company specializes in leasing and managing commercial properties, as well as real estate development. Investors are warned about potential risks, including the Covid-19 impact on operations, challenges in property financing, and competition in the real estate market. The company intends to provide an update on its financial performance and future outlook during the upcoming calls.
- None.
- Risks related to the ongoing Covid-19 pandemic impacting operations and financial results.
- Possibility of difficulties in finding reinvestment opportunities from sale transactions.
- Challenges in obtaining necessary zoning and entitlements for property development.
- Concerns regarding construction activity levels in mining properties' markets.
- Potential vacancy issues and competition affecting property leasing.
- Risks linked to tenant defaults and bankruptcy.
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JACKSONVILLE, Fla., May 05, 2020 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Wednesday, May 6, 2020. The Company will also host a conference call on Thursday, May 7, 2020 at 10:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-271-1828 (passcode 58158510) within the United States. International callers may dial 1-334-323-9871 (passcode 58158510). Computer audio live streaming is available via the Internet through the Company’s website at www.frpholdings.com. You may also click on this link for the live streaming http://archive.conferenceamerica.com/archivestream/frp050720.mp3. For the archived audio via the internet, click on the following link http://archive.conferenceamerica.com/archivestream/frp050720.mp3. If using the Company’s website, click on the Investor Relations tab, then select the earnings conference stream. An audio replay will be available for sixty days following the conference call. To listen to the audio replay, dial toll free 1-877-919-4059, international callers dial 1-334-323-0140. The passcode of the audio replay is 14630859. Replay options: “1” begins playback, “4” rewind 30 seconds, “5” pause, “6” fast forward 30 seconds, “0” instructions, and “9” exits recording. There may be a 30-40 minute delay until the archive is available following the conclusion of the conference call.
FRP Holdings, Inc. is a holding company engaged in the real estate business, namely (i) leasing and management of commercial properties owned by the Company, (ii) leasing and management of mining royalty land owned by the Company, (iii) real property acquisition, entitlement, development and construction primarily for apartment, retail, warehouse, and office, (iv) leasing and management of a residential apartment building.
Investors are cautioned that any statements in this press release which relate to the future are, by their nature, subject to risks and uncertainties that could cause actual results and events to differ materially from those indicated in such forward-looking statements. These include, but are not limited to: the impact of the Covid-19 Pandemic on our operations and financial results; the possibility that we may be unable to find appropriate reinvestment opportunities for the proceeds from the Sale Transaction; levels of construction activity in the markets served by our mining properties; demand for flexible warehouse/office facilities in the Baltimore-Washington-Northern Virginia area demand for apartments in Washington D.C. and Richmond, Virginia; our ability to obtain zoning and entitlements necessary for property development; the impact of lending and capital market conditions on our liquidity; our ability to finance projects or repay our debt; general real estate investment and development risks; vacancies in our properties; risks associated with developing and managing properties in partnership with others; competition; our ability to renew leases or re-lease spaces as leases expire; illiquidity of real estate investments; bankruptcy or defaults of tenants; the impact of restrictions imposed by our credit facility; the level and volatility of interest rates; environmental liabilities; inflation risks; cybersecurity risks; as well as other risks listed from time to time in our SEC filings; including but not limited to; our annual and quarterly reports. We have no obligation to revise or update any forward-looking statements, other than as imposed by law, as a result of future events or new information. Readers are cautioned not to place undue reliance on such forward-looking statements.
John D. Baker III
Chief Financial Officer
904/858-9100
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