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Stock impact report

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Third Quarter and Nine Months Ended September 30, 2022

FRP Holdings, Inc. (FRPH) 
US:NASDAQ Investor Relations: frpholdings.com/investor-relations.html
Company Research Source: GlobeNewswire
JACKSONVILLE, Fla., Nov. 07, 2022 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) – Third Quarter Operational Highlights 41.6% increase in Pro-rata NOI ($6.24 million vs $4.41 million) over third quarter 20216.09% increase on renewals at Dock 798.06% increase on renewals at The Maren9.85% increase in mining royalty revenue over third quarter 202151.1% increase in Asset Management Revenue versus same period last yearRiverside achieved stabilization this quarter and is now part of our Stabilized JV segment. At quarter end the JV was 95% leased and 92% occupied.Lease-up now underway at The Verge Third Quarter Consolidated Results of Operations Net income for the third quarter of 2022 was $480,000 or $.05 per share versus $352,000 or $.04 per share in the same period last year. The third quarter of 2022 was impacted by the following items: The quarter includes $72,000 amortization expense compared to $1,373,000 in the same quarter last year of the $4,750,000 fair value of The Show less Read more
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