Frp Hldgs Inc Stock Price, News & Analysis

FRP Holdings, Inc. (NASDAQ-FRPH) reported a 58.2% increase in pro-rata NOI to $6.26 million for Q4 2022, compared to $3.96 million in Q4 2021. Net income rose to $2.76 million or $0.29 per share, recovering from a net loss of $0.06 per share in the prior year. The company achieved 8.89% and 11.14% increases in rent on lease renewals at Dock 79 and The Maren, respectively. Mining royalty revenue surged by 28.1%. Significant development efforts include a deal with Steuart Investment Company for ten mixed-use projects in Washington, DC, valued at $326.5 million. The company expects continued growth despite economic uncertainties.

FRP Holdings, Inc. (NASDAQ: FRPH) will announce its fourth-quarter earnings results on March 7, 2023, followed by a conference call on March 8 at 9:00 a.m. (EST). Investors and analysts can access the call via phone or through a recording available on the investor relations page. During the call, financial highlights will be presented, and a slideshow will be posted on the website. The company engages in real estate activities, including leasing and management of various properties and land. Investors should note potential risks, including market conditions, demand fluctuations, and broader economic factors that could impact financial performance.

FRP Holdings, Inc. (NASDAQ: FRPH) has entered into a strategic agreement with Steuart Investment Company and MidAtlantic Realty Partners for the development of up to ten mixed-use projects in Washington, DC. This venture will include over 3 million square feet of development, featuring 3,000 residential units and 150,000 square feet of retail space. SIC will invest $65.3 million for a 20% stake in Dock 79 and The Maren, with FRP receiving $19.95 million net. The partnership aims to enhance their presence in a prime market, with future projects slated to attract significant interest.

FRP Holdings, Inc. (NASDAQ-FRPH) reported significant growth in Q3 2022, with a 41.6% increase in Pro-rata NOI to $6.24 million and a 51.1% rise in Asset Management Revenue. The company achieved stabilization at Riverside, now part of the Stabilized JV segment, with a 95% leased rate. Despite a decrease in net income to $480,000 from $352,000, total revenues across segments showed strong performance. The company anticipates continued growth, particularly with new developments and leasing activities.

FRP Holdings, Inc. (NASDAQ: FRPH) will release its third-quarter earnings results on November 7, 2022, followed by a conference call on November 9 at 3:00 p.m. (EDT). Investors can access the call via phone or through the company's investor relations website. A slideshow of financial highlights will also be available on November 7. The firm is engaged in various real estate activities including leasing, management, and development of properties. Investors are advised that forward-looking statements carry risks and uncertainties that may affect actual outcomes.

FRP Holdings, Inc. (NASDAQ-FRPH) announced a strong second quarter in 2022, showing a net income of $657,000 ($0.07 per share), up from $82,000 in the previous year. Key highlights include a 55.1% revenue increase in asset management, with Dock 79 achieving over 95% occupancy for five consecutive quarters, and a 16% rise in net operating income (NOI) at $6.94 million. The mining royalties segment also recorded its highest revenue ever. However, equity losses in joint ventures and increased interest expenses present challenges as the company focuses on future growth and new developments.

FRP Holdings, Inc. (NASDAQ: FRPH) is set to release its second-quarter earnings results on August 11, 2022, followed by a conference call on August 12 at 10:00 a.m. EDT. Interested parties can access the call by calling designated numbers for U.S. and international participants. The company is involved in various real estate activities, including leasing commercial properties and managing mining royalty land. Investors are warned of potential risks tied to market conditions, the impact of the COVID-19 pandemic, and other uncertainties that may affect financial outcomes.

FRP Holdings reported a net income of $672,000 for Q1 2022, down from $28.37 million in Q1 2021. Key highlights included residential occupancy above 95% at Dock 79 for the fourth consecutive quarter, and the best revenue for mining royalties in the segment’s history. The company acquired a mining royalty property in Astatula, FL, for $11.6 million, which is expected to positively impact revenue. Notably, average rent increases on renewals were 2.32% at The Maren and 4.69% at Dock 79.

FRP Holdings, Inc. (NASDAQ: FRPH) plans to release its first-quarter earnings on May 11, 2022, followed by a conference call on May 12, 2022, at 2:30 p.m. EDT. Interested parties can join by calling 1-800-225-9448 within the U.S. or 1-203-518-9708 internationally. An audio replay will be available until May 26, 2022. The company is engaged primarily in real estate activities, including leasing, management of commercial properties, and property development. Investors should be aware of risks related to future operations, including impacts from the Covid-19 Pandemic and other market conditions.