FRP Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 01:45 pm EST
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FRP Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 7.51 million compared to USD 6.82 million a year ago. Revenue was USD 10.59 million compared to USD 9.29 million a year ago. Net income was USD 1.26 million compared to USD 0.48 million a year ago. Basic earnings per share from continuing operations was USD 0.065 compared to USD 0.025 a year ago. Diluted earnings per share from continuing operations was USD 0.065 compared to USD 0.025 a year ago.
For the nine months, sales was USD 21.77 million compared to USD 19.85 million a year ago. Revenue was USD 31.4 million compared to USD 27.63 million a year ago. Net income was USD 2.42 million compared to USD 1.81 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.095 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 0.095 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. 
