JACKSONVILLE, Fla., May 10, 2023 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH)
First Quarter Operational Highlights
34.9% increase in pro-rata NOI ($6.99 million vs $5.18 million) over first quarter 2022Mining Royalties had its highest revenue quarter ever for the second quarter in a row; 10.77% increase in royalties per ton27.5% increase in Asset Management revenue versus same period last year; 60.6% increase in Asset Management NOI versus first quarter 2022
First Quarter Consolidated Results of Operations
Net income for the first quarter of 2023 was $565,000 or $.06 per share versus $672,000 or $.07 per share in the same period last year.