FRP (US:FRPH)2025-03-06 15:37Financial Highlights - Net income attributable to the company decreased by 42% to $17 million in Q4 2024[7] - Net income attributable to the company increased by 20% to $64 million YTD[7] - Pro rata NOI increased by 26% YTD, reaching $38139 million[7, 9] - Total operating profit decreased by 8% to $29 million in Q4 2024[7] - Pro rata NOI increased by 21% to $91 million in Q4 2024[7] Segment Performance - Multifamily pro rata NOI increased by 21% to $4286 million in Q4 2024[11] - Multifamily pro rata NOI increased by 34% to $18177 million YTD[12] - Industrial and Commercial segment NOI increased by 17% to $4547 million YTD[7, 18] - Mining and Royalties segment revenue increased by 19% to $3459 million in Q4 2024[22] - Mining and Royalties segment NOI increased by 23% to $14396 million YTD[22] Development Plans - The company expects to commence construction on a 200000 sq ft warehouse in Lakeland, FL, and a 182000 sq ft warehouse in Broward County, FL, in Q2 2025[7, 26]