JACKSONVILLE, Fla., Nov. 08, 2023 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) –
Third Quarter Operational Highlights (compared to the same quarter last year)
29.5% increase in pro-rata NOI ($8.09 million vs $6.24 million)Mining royalty revenue increased 24.7%; 19.2% increase in royalties per ton54.2% increase in Asset Management revenue; 58.2% increase in Asset Management NOIThird Quarter Consolidated Results of Operations
Net income for the third quarter of 2023 was $1,259,000 or $.13 per share versus $480,000 or $.05 per share in the same period last year.