FRP Holdings, Inc. Reports Fiscal 2026 Second Quarter Results
FRP Holdings reported fiscal Q2 results with a swing to a net loss of $0.3 million, compared to net income of $0.6 million in the prior year quarter, as higher G&A and lower NOI offset a modest revenue increase. Occupancy continued to pressure results, with multifamily occupancy dipping to 93.2% and industrial occupancy falling to 69.9% (ex-Chelsea), driving a 3% decline in pro rata NOI to $9.4 million.
Key figures
- Revenue
- 11083000
- Revenue Yoy
- 2.1%
- Pro rata noi
- 9371000
- Industrial occupancy
- 69.9%
- Multifamily occupancy
- 93.2%
- Mining royalty revenue
- 4066000
AI analysis
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