FRP Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 06, 2024 at 11:50 am EST
Share
FRP Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 7.21 million compared to USD 6.95 million a year ago. Revenue was USD 10.11 million compared to USD 9.85 million a year ago. Net income was USD 2.88 million compared to USD 2.76 million a year ago. Basic earnings per share from continuing operations was USD 0.155 compared to USD 0.145 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 0.145 a year ago.
For the full year, sales was USD 28.98 million compared to USD 26.8 million a year ago. Revenue was USD 41.51 million compared to USD 37.48 million a year ago. Net income was USD 5.3 million compared to USD 4.57 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.245 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.24 a year ago.
FRP Holdings, Inc. is a holding company, which is engaged in various real estate businesses. The Company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture Segment. Asset Management segment is engaged in leasing and management of commercial properties owned by the Company. Mining Royalty Lands Segment is engaged in leasing and management of mining royalty land owned by the Company. The segment owns several properties comprising approximately 16,650 acres under lease for mining rents or royalties and an additional 4,280 acres. Other than one location in Virginia, all of its mining properties are located in Florida and Georgia. Development segment real property acquisition, entitlement, development and construction primarily for apartment, retail, warehouse and office buildings either alone or through joint ventures. Stabilized Joint Venture segment ownership, leasing and management of buildings through joint ventures.
FRP HOLDINGS, INC. 
