Welcome to our dedicated page for FRP Holdings news (Ticker: FRPH), a resource for investors and traders seeking the latest updates and insights on FRP Holdings stock.
FRP Holdings, Inc. (FRPH) is a diversified real estate holding company engaged in several key segments. The company's core business activities include the leasing and management of commercial properties, leasing and management of mining royalty lands, real property acquisition, entitlement, development, and construction for various types of buildings, and ownership, leasing, and management of buildings through joint ventures.
Commercial Properties: The Industrial/Commercial Segment focuses on leasing and managing properties owned by FRPH. These properties include warehouses, office buildings, and other commercial spaces, catering to a wide range of businesses. This segment ensures consistent revenue through long-term leasing agreements.
Mining Royalty Lands: In the Mining Royalty Lands Segment, FRPH leases and manages lands that generate mining royalties. This segment capitalizes on the natural resources present in these lands, providing a steady stream of income from companies involved in mining operations.
Development Segment: The Development Segment is involved in acquiring, entitling, developing, and constructing properties for apartment complexes, retail stores, warehouses, and office buildings. These projects are sometimes undertaken through joint ventures, allowing FRPH to expand its portfolio while sharing risks and rewards with partners.
Multifamily Segment: This segment focuses on owning, leasing, and managing multifamily residential buildings through joint ventures. By leveraging partnerships, FRPH enhances its ability to develop and manage high-quality residential properties, catering to the growing demand for rental housing.
FRP Holdings, Inc. is strategically positioned to capitalize on opportunities across its diverse business segments. The company’s financial condition remains robust, supported by its diversified revenue streams and strategic partnerships. With ongoing projects and developments, FRPH continues to expand its footprint in the real estate industry.
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.
FRP Holdings (NASDAQ-FRPH) reported its fourth quarter results with a net loss of $(592,000), or $(.06) per share, compared to a net income of $1,493,000, or $.16 per share in the previous year. The results were impacted by amortization expenses and operating losses due to additional spec buildings. Meanwhile, Dock 79 continued strong performance with residential occupancy over 94% for five consecutive quarters. The company achieved a 22.11% increase in net operating income for the year, totaling $20.82 million, alongside significant growth in its multi-family and industrial portfolios.
FRP Holdings, Inc. (NASDAQ: FRPH) plans to release its fourth-quarter and year-end earnings results on March 2, 2022. A conference call will follow on March 3, 2022, at 2:00 p.m. EST, accessible via phone and live streaming for analysts and investors. The company is involved in the leasing and management of commercial properties, mining royalty land, and various real estate development activities. Investors are reminded that future statements are subject to risks, including the impact of the Covid-19 pandemic and market conditions.
FRP Holdings, Inc. (NASDAQ: FRPH) reported its third-quarter results with a net income of $352,000, a notable decline from $5.46 million year-over-year. Residential occupancy remained strong, with Dock 79 and The Maren both achieving over 94% occupancy for the fourth consecutive quarter. However, interest income dropped by $871,000, and a significant decrease in gains from real estate sales contributed to the decline in overall profitability. The company is optimistic about upcoming projects, including industrial developments and a growing land bank.
FRP Holdings, Inc. (NASDAQ: FRPH) plans to release its third-quarter earnings results on November 3, 2021. A conference call for analysts and stakeholders is scheduled for November 4, 2021, at 12:30 p.m. EDT, accessible via phone or online streaming. The company operates in real estate, active in leasing and managing commercial properties and mining royalty lands, among other activities. Investors are warned of risks that may affect future results, including the impact of the Covid-19 pandemic and real estate market conditions.
FRP Holdings, Inc. (NASDAQ: FRPH) has announced its Investor Day scheduled for September 15, 2021, in Washington D.C., commencing at 9:00 A.M. EDT. The event will feature presentations by its executive management team, followed by a Q&A session. A live webcast and presentation materials will be accessible to interested parties on their website. Investors are reminded that forward-looking statements made during the event are subject to various risks and uncertainties, including those related to the COVID-19 pandemic and market conditions.
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