Real Estate News

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the First Quarter Ended March 31, 2022

JACKSONVILLE, Fla., May 11, 2022 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) –

First Quarter Operational Highlights

Dock 79 ended the reporting period with residential occupancy above 95% for the fourth straight quarterFirst rent increases on renewals on multifamily assets in DC since February 2020Best first quarter of revenue for mining royalties in segment’s historyAverage residential occupancy of 94.92% for the Maren in its first year post stabilization

First Quarter Consolidated Results of Operations

Net income for the first quarter of 2022 was $672,000 or $.07 per share versus $28,373,000 or $3.03 per share in the same period last year.

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