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FRP Holdings (FRPH)
NASDAQ:FRPH
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -0.43%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call indicates strong financial performance and growth, particularly in the Mining and Royalty segment and through strategic development projects. However, some challenges remain in the multifamily market and vacancy rates. The company anticipates a moderation in growth rates but maintains a positive outlook with a solid development pipeline.Company Guidance
During the FRP Holdings Q3 2024 earnings call, CFO Matt McNulty highlighted several key financial metrics. The company reported an 8% increase in net income for the third quarter, reaching $1.4 million or $0.07 per share. Year-to-date net income surged by 94% to $4.7 million or $0.25 per share. The pro rata share of net operating income (NOI) rose by 39% in the third quarter to $11.3 million, with a 28% increase year-to-date to $29 million, primarily driven by the multifamily segment. Over the past three years, FRP has achieved a compound annual growth rate of 26.4% in pro rata NOI, surpassing this pace in the third quarter due to a $1.9 million one-time royalty payment. Additionally, an updated financial presentation posted on their website estimated the real estate assets' per-share value between $34.54 and $39.15, using a cap rate valuation method for the mining royalty asset stream.Significant Increase in Net Income
Net income for Q3 increased 8% to $1.4 million, and for the first 9 months, net income saw a 94% increase to $4.7 million compared to the previous year.
Pro Rata NOI Growth
The company's pro rata share of NOI in Q3 was up 39% to $11.3 million, and year-to-date was up 28% to $29 million, driven by improved results in the multifamily segment.
Strong Performance in Mining and Royalty Segment
Total revenues and NOI for the Mining and Royalty segment increased by 3.8% and 79.9%, respectively, including a $1.9 million onetime cash royalty received.
Industrial Development Pipeline
FRP Holdings has a robust pipeline with multiple projects underway, including a 258,000 square foot warehouse in Maryland nearing completion and additional projects in Florida and Maryland.
Successful Tenant Retention
The company achieved a renewal success rate over 50% in its multifamily segment, with positive growth in renewal rental rates.
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FRPH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FRPH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $30.18 | $30.84 | +2.19% |
| Aug 07, 2024 | $28.25 | $29.62 | +4.85% |
| May 08, 2024 | $31.00 | $30.92 | -0.26% |
| Mar 06, 2024 | $30.02 | $30.26 | +0.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FRP Holdings (FRPH) report earnings?
FRP Holdings (FRPH) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is FRP Holdings (FRPH) earnings time?
FRP Holdings (FRPH) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FRPH EPS forecast?
Currently, no data Available
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