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0.00542215336948115 0.00542215336948115 0.00542215336948115 0.00542215336948115 0.00542215336948115 0.00542215336948115 0.018590240123935 0.0294345468628971
Stock impact report

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Second Quarter and Six Months Ended June 30, 2018

FRP Holdings, Inc. (FRPH) 
US:NASDAQ Investor Relations: frpholdings.com/investor-relations.html
Company Research Source: GlobeNewswire
JACKSONVILLE, Fla., Aug. 02, 2018 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ:FRPH) Second Quarter Consolidated Results of Operations. As previously announced on May 21, 2018, the Company completed the disposition of 40 industrial warehouse properties and three additional land parcels to an affiliate of Blackstone Real Estate Partners VIII, L.P. for $347.2 million. One warehouse property valued at $11.7 million was excluded from the sale due to the tenant exercising its right of first refusal to purchase the property. These properties comprised substantially all the assets of our Asset Management segment and have been reclassified as discontinued operations for all periods presented.  As of the end of the quarter, cash was $311 million, and we are currently exploring options to reinvest these proceeds into opportunities more in line with our other business segments. Net income for the second quarter of 2018 was $119,982,000 or $11.87 per share versus $1,713,0 Show less Read more
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