JACKSONVILLE, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its second quarter earnings results on Wednesday, August 7, 2024. The Company will host a conference call on Thursday, August 8, 2024 at 2:00 p.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-579-2543 (passcode 72219) within the United States. International callers may dial 1-785-424-1789 (passcode 72219). Audio replay will be available ...

JACKSONVILLE, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its second quarter earnings results on Wednesday, August 7, 2024. The Company will host a conference call on Thursday, August 8, 2024 at 2:00 p.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-579-2543 (passcode 72219) within the United States. International callers may dial 1-785-424-1789 (passcode 72219). Audio replay will be available ...

The future of the global FRP cross arm market looks promising with opportunities in power transmission, telecommunication and lighting. This study includes a forecast for the global FRP cross arm by application, type, and region. Regional Insights 1. Executive Summary 4. Market Trends and Forecast Analysis by Region 4.1: Global FRP Cross Arm Market by Region 4.2: North American FRP Cross Arm Market Trends and Forecast 4.3: European FRP Cross Arm Market Trends and Forecast 4.4: APAC FRP Cross Arm Market Tren ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) [X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to _________ Commission File Number: 001-36769 _____________________ FRP HOLDINGS, INC. (Exact name of regis ...

FRP HOLDINGS, INC./NEWS Contact: John D. Baker III Chief Executive Officer 904/858-9100 FRP HOLDINGS, INC. (NASDAQ: FRPH) ANNOUNCES RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024 As we have communicated on a number of occasions recently, we have shifted our development focus primarily towards industrial projects. The returns are currently better than most multifamily projects, and are less capital intensive and less reliant on debt. Industrial development has always been our core competency and we are e ...

JACKSONVILLE, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) —  First Quarter Highlights and Recent Developments 130% increase in Net Income ($1.3 million vs $565,000)22% increase in pro-rata NOI ($8.53 million vs $6.99 million)92% increase in the Multifamily segment's NOI36% increase in Industrial and Commercial revenue and 47% increase in that segment's NOI Executive Summary and Analysis This quarter represented another meaningful step in the growth of this Company. The brisk pace ...

JACKSONVILLE, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Wednesday, May 8, 2024. The Company will host a conference call on Thursday, May 9, 2024 at 10:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-876-9177 (passcode 62742) within the United States. International callers may dial 1-785-424-1672 (passcode 62742). Audio replay will be available until ...

JACKSONVILLE, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Wednesday, May 8, 2024. The Company will host a conference call on Thursday, May 9, 2024 at 10:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-876-9177 (passcode 62742) within the United States. International callers may dial 1-785-424-1672 (passcode 62742). Audio replay will be available until ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-K _________________ | (Mark One) | | | | --- | --- | --- | | [X] | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) | | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the fiscal year ended December 31, 2023. | | | | | or | | | [_] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) | | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | Commission | File Number: 001-36769 | | | | _____________________ | | | | F ...

Financial Data and Key Metrics Changes - Net income for Q4 2023 was $2.88 million or $0.30 per share, compared to $2.76 million or $0.29 per share in Q4 2022, reflecting a 4.3% increase in net income year-over-year [4] - For fiscal year 2023, net income was $5.3 million or $0.56 per share, up from $4.57 million or $0.48 per share in 2022, indicating a 15.9% increase [22] - Revenue, operating profit, pro rata NOI, and net income all experienced growth, with revenue increasing by 2.6%, operating profit by 17.2%, pro rata NOI by 20.6%, and net income by 7.8% compared to Q4 2022 [6] Business Segment Data and Key Metrics Changes - The renamed industrial commercial segment reported a Q4 NOI of $1.17 million, a 46.1% increase year-over-year, with an average occupancy of 95.6% [25] - The Mining and Royalty segment had total revenues of $2.9 million for Q4, remaining flat compared to the same period last year, but annual NOI increased by 15.4% to $11.72 million [8] - The multifamily segment, including Dock 79 and Maren, had average occupancies of 96.4% and 94.7% respectively for Q4, with rental rate increases of 1.6% and 2.75% on renewals [26] Market Data and Key Metrics Changes - Average occupancy for Q4 was 95.21%, with year-to-date occupancy at 94.51% [9] - The company noted increased competition in the D.C. market, with record-setting residential rents beginning to flatten due to a surplus of new apartments [16] Company Strategy and Development Direction - The company is focusing on ground-up development in its industrial commercial strategy, with three projects in various stages of development [10] - A new industrial joint venture with BBX Capital for a 215,000 square foot warehouse is planned, with construction expected to begin in Q4 2024 [12] - The company aims to grow its portfolio through various strategies, including industrial and commercial, multifamily, and principal capital source lending [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth opportunities despite challenges in the final quarter of 2023, particularly in the D.C. market [16] - The company is focused on stabilizing its assets and expects to benefit from improved market conditions in the future [43] Other Important Information - The company announced a forward split of its common stock at a ratio of two post-split shares for every one pre-split share to enhance liquidity [54] - The company has earmarked approximately $80 million for capital expenditures in 2024, with plans to maintain a healthy capital cushion [124] Q&A Session Summary Question: What is the status of the retail space at Verge? - Management indicated that they are waiting for retail occupancy to improve and are hopeful for better interest rates in the future [40] Question: How is the performance of the Verge project? - The project is meeting expectations, with significant units coming online that should positively impact the area [41] Question: Are there any concessions being offered at Maren and Dock 79? - Small concessions were noted, particularly at Dock 79, due to management changes earlier in the year [64] Question: What are the biggest drivers of operating expense growth at Maren and Dock 79? - Increased utility costs and security expenses were highlighted as significant factors [65][66] Question: What is the company's strategy regarding share repurchases? - The company plans to be opportunistic with share repurchases but will prioritize capital expenditures for development [124]