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Stock impact report

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Second Quarter and Six Months Ended June 30, 2023

FRP Holdings, Inc. (FRPH) 
US:NASDAQ Investor Relations: frpholdings.com/investor-relations.html
Company Research Source: GlobeNewswire
JACKSONVILLE, Fla., Aug. 09, 2023 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH)  – Second Quarter Operational Highlights 16.3% increase in pro-rata NOI ($7.61 million vs $6.55 million) over second quarter 2022Mining royalties’ highest second quarter ever in terms of revenue; royalty revenue increased 13.2% over second quarter 2022; 9.9% increase in royalties per ton  55.7% increase in Asset Management revenue versus same period last year; 23.8% increase in Asset Management NOI versus second quarter 2022 Second Quarter Consolidated Results of Operations Net income for the second quarter of 2023 was $598,000 or $.06 per share versus $657,000 or $.07 per share in the same period last year. The second quarter of 2023 was impacted by the following items: Operating profit increased $701,000 compared to the same quarter last year due to improved revenues.Management company indirect increased $235,000 due to merit increases and new hires along with recruiting costs.Interest expe Show less Read more
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