FRP HOLDINGS, INC. (FRPH) Form 8-K — Nov 4, 2026
FRP Holdings reported a Q3 2026 net loss of $165,000, or $(0.01) per share, versus net income of $662,000 ($0.03/share) a year earlier, as G&A rose 43% post-Altman acquisition and investment income fell $1.0 million. Total revenues edged up 1.7% to $11.0 million on 10% mining royalty growth offsetting a 3% lease revenue decline. Segment performance was split: mining royalty NOI rose 10% to $4.1 million, while multifamily pro rata NOI fell 12% on DC property weakness (Bryant Street occupancy down 240 bps) and industrial & commercial NOI dropped 28% after the Vulcan land lease expiration. The company executed 126,682 square feet of industrial leasing, its most active quarter since Q2 2021.
Key figures
- Revenue
- 10962000
- Total Debt
- 231666000
- Revenue Yoy
- 1.7%
- Total Assets
- 777209000
- Cash Position
- 73180000
- Shares Outstanding
- 19198301
- Ytd revenue
- 32639000
- Ga increase ytd
- 3317000
- Pro rata noi q3
- 9034000
- Q3 prior year eps
- 0.03
- Ytd revenue growth
- 2.2%
- Multifamily occupancy
- 93.0%
- Pro rata noi change q3
- -5%
- Industrial noi change q3
- -28%
- Pipeline industrial sqft
- ~1.0 million sq ft (Chelsea, Lakeland, Davie, Camp Lake)
- Q3 net income prior year
- 662000
- Multifamily noi change q3
- -12%
- Ytd prior year net income
- 2950000
- Industrial leasing sqft q3
- 126682
- Stabilization noi estimate
- $12 million annual recurring pro rata NOI / $7 million FFO
- Mining royalty noi growth q3
- +10%
- Investment income decline ytd
- -3002000
- Mining royalty noi ytd growth
- +12%
- Industrial occupancy ex chelsea
- 71.4%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.