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FRP Holdings, Inc. (Nasdaq: FRPH) Announces Results For The First Quarter Ended March 31, 2023

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.

NewLake Capital Partners Reports First Quarter 2023 Financial Results

First Quarter 2023 Revenue Totaled $11.4 Million, an increase of 12.3% Year-Over-Year

First Quarter 2023 Net Income Attributable to Common Stockholders totaled $5.9 Million, Funds From Operations totaled $9.5 Million, and Adjusted Funds From Operations totaled $9.9 Million

First Quarter 2023 the Company repurchased 49,307 shares of common stock

Conference Call and Webcast Scheduled for May10, 2023, at 11a.m.

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