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Stock impact report

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Fourth Quarter and Fiscal Year Ended December 31, 2023

FRP Holdings, Inc. (FRPH) 
US:NASDAQ Investor Relations: frpholdings.com/investor-relations.html
Company Research Source: GlobeNewswire
JACKSONVILLE, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) – Fourth Quarter Operational Highlights (compared to the same quarter last year) 20.6% increase in pro-rata NOI ($7.55 million vs $6.26 million)42.9% increase in Industrial and Commercial revenue; 46.1% increase in Industrial and Commercial NOI Fourth Quarter Consolidated Results of Operations Net income for the fourth quarter of 2023 was $2,880,000 or $.30 per share versus $2,756,000 or $.29 per share in the same period last year. The fourth quarter of 2023 was impacted by the following items: Operating profit increased $466,000 compared to the same quarter last year primarily due to improved revenues in the Industrial and Commercial Segment and decreased depreciation at Dock 79.Interest income increased $423,000 primarily due to an increase in interest earned on cash equivalents ($889,000) offset by decreased income from our lending ventures ($245,000) and decreased preferred interest ($22 Show less Read more
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