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FRP Holdings, Inc. Announces Release Date for Its 2024 Second Quarter Earnings and Details for the Earnings Conference Call
Newsfilter· 2024-08-01 00:50
JACKSONVILLE, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its second quarter earnings results on Wednesday, August 7, 2024. The Company will host a conference call on Thursday, August 8, 2024 at 2:00 p.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-579-2543 (passcode 72219) within the United States. International callers may dial 1-785-424-1789 (passcode 72219). Audio replay will be available ...
FRP Holdings, Inc. Announces Release Date for Its 2024 Second Quarter Earnings and Details for the Earnings Conference Call
GlobeNewswire News Room· 2024-08-01 00:50
JACKSONVILLE, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its second quarter earnings results on Wednesday, August 7, 2024. The Company will host a conference call on Thursday, August 8, 2024 at 2:00 p.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-579-2543 (passcode 72219) within the United States. International callers may dial 1-785-424-1789 (passcode 72219). Audio replay will be available ...
FRP Cross Arm Market Trends and Forecast Report (2024-2030) with Strategic Analysis of Geotek, Valmont Industries, Creative Composites Group, Liberty Pultrusions, and RC Technologies
GlobeNewswire News Room· 2024-06-28 23:05
Dublin, June 28, 2024 (GLOBE NEWSWIRE) -- The "FRP Cross Arm Market: Trends, Opportunities and Competitive Analysis [2024-2030]" report has been added to ResearchAndMarkets.com's offering. The global FRP cross arm market is expected to reach an estimated $147 billion by 2030 with a CAGR of 3% from 2023 to 2030. The major growth driver in this market is the increasing replacement of old poles and cross arms with new ones in developing countries. Emerging trends include the rising demand for customized utili ...
FRP (FRPH) - 2024 Q1 - Quarterly Report
2024-05-14 06:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) [X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to _________ Commission File Number: 001-36769 _____________________ FRP HOLDINGS, INC. (Exact name of regis ...
FRP (FRPH) - 2024 Q1 - Earnings Call Transcript
2024-05-12 00:43
财务数据和关键指标变化 - 第一季度净收入为1.3百万美元,较去年同期的565,000美元增加130% [6] - 利息费用减少95,000美元,利息收入增加400,000美元,合资企业亏损减少600,000美元 [6] 各条业务线数据和关键指标变化 商业和工业分部 - 该分部包括9栋总面积近55万平方英尺的建筑,主要为仓库,位于马里兰州,季度末出租率为95.6% [10] - 该分部本季度收入和NOI分别为145万美元和116万美元,同比增长36%和47% [10] 采矿和特许权使用费业务分部 - 该分部包括16个主要位于佛罗里达州、乔治亚州和弗吉尼亚州的采矿点 [11] - 本季度收入和NOI分别为296万美元和276万美元,同比下降10%和12%,主要是因为马纳萯斯采石场的特许权使用费减少842,000美元 [11] 多户家庭分部 - 该分部包括华盛顿特区和南卡罗来纳州的1,483套公寓和11.7万平方英尺的零售空间,季度末公寓和零售出租率分别为94%和79% [12] - 本季度公司分享的收入和NOI分别为666万美元和380万美元,大幅增加,主要是因为Bryant Street和408 Jackson合资企业自1月1日纳入该分部 [12] - 同店销售比较,公司分享的收入和NOI分别为335万美元和209万美元,同比增长2%和4% [12] 开发分部 - 该分部负责收购、获得许可、开发和创造新的收益资产,并在达到一定完工和出租率后转入商业、工业和多户家庭分部 [13] - 正在建设马里兰州哈特福德县259,000平方英尺的一栋A级仓库,预计2024年第四季度交付 [14] - 与BBX Logistics签订两项新的合资协议,分别在佛罗里达州兰开斯特和布罗沃德县建设20万和18万平方英尺的仓库 [14][15] - 正在马里兰州塞西尔县进行前期开发活动,将建设90万平方英尺的配送中心 [15] - 正在研究马里兰州哈特福德县55英亩地块的多种概念设计,预计可建设62.5万至65万平方英尺的工业产品 [16][17] - 在开发管线中还有4个多户家庭项目,共计超过1,200套公寓和5.8万平方英尺的零售空间 [18] 公司战略和发展方向及行业竞争 - 公司目前将重点放在工业开发上,因为工业开发的收益率目前优于多户家庭项目,资本密集度和债务依赖性也较低 [23][24] - 公司有5个工业项目正在开发,总资本支出估计为1.91亿美元,预计NOI收益率为6%-7% [24] - 公司有能力在不同资产类别之间灵活转换,这是公司的一大优势,因为公司有强大的资产负债表和跨多个资产类别的专业团队 [24] 管理层对经营环境和未来前景的评论 - 利率上升、通胀压力和建筑成本上升以及现有供给和交付将继续带来挑战,需要更加谨慎地进行新的开发项目 [21] - 公司将继续推进开发管线的许可申请,预计2025年将获得多个许可,届时公司将保持谨慎和耐心,慎重启动垂直建设 [21] 问答环节重要的提问和回答 问题1 **Stephen Farrell 提问** 询问公司如何为工业项目融资,是否会抵押现有物业或获得建筑贷款 [30][31] **David deVilliers 回答** 对于佛罗里达州的两个项目,公司将寻求建筑贷款融资,预计贷款比例在50%-55%左右 [32][36] 问题2 **Stephen Farrell 提问** 询问Steuart项目的开发时间表会受到这些新工业项目的影响 [37] **John Baker 回答** 公司和Steuart家族的利益完全一致,只有当市场条件合适时才会推进Steuart项目,目前市场环境不太适合 [38][41] 问题3 **Stephen Farrell 提问** 询问各个多户家庭项目的租金续约情况 [42] **David deVilliers 回答** 各个多户家庭项目的租金续约情况良好,涨幅在1.6%-9.7%之间 [43]
FRP (FRPH) - 2024 Q1 - Quarterly Results
2024-05-09 05:41
FRP HOLDINGS, INC./NEWS Contact: John D. Baker III Chief Executive Officer 904/858-9100 FRP HOLDINGS, INC. (NASDAQ: FRPH) ANNOUNCES RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024 FRP Holdings, Inc. (NASDAQ-FRPH) Jacksonville, Florida; May 8, 2024 – First Quarter Highlights and Recent Developments · 130% increase in Net Income ($1.3 million vs $565,000) · 22% increase in pro-rata NOI ($8.53 million vs $6.99 million) · 92% increase in the Multifamily segment’s NOI · 36% increase in Industrial and Commerci ...
FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the First Quarter Ended March 31, 2024
Newsfilter· 2024-05-09 04:50
JACKSONVILLE, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) —  First Quarter Highlights and Recent Developments 130% increase in Net Income ($1.3 million vs $565,000)22% increase in pro-rata NOI ($8.53 million vs $6.99 million)92% increase in the Multifamily segment's NOI36% increase in Industrial and Commercial revenue and 47% increase in that segment's NOI Executive Summary and Analysis This quarter represented another meaningful step in the growth of this Company. The brisk pace ...
FRP Holdings, Inc. Announces Release Date for Its 2024 First Quarter Earnings and Details for the Earnings Conference Call
Newsfilter· 2024-05-02 00:22
JACKSONVILLE, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Wednesday, May 8, 2024. The Company will host a conference call on Thursday, May 9, 2024 at 10:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-876-9177 (passcode 62742) within the United States. International callers may dial 1-785-424-1672 (passcode 62742). Audio replay will be available until ...
FRP Holdings, Inc. Announces Release Date for Its 2024 First Quarter Earnings and Details for the Earnings Conference Call
GlobeNewsWire· 2024-05-02 00:22
JACKSONVILLE, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Wednesday, May 8, 2024. The Company will host a conference call on Thursday, May 9, 2024 at 10:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-876-9177 (passcode 62742) within the United States. International callers may dial 1-785-424-1672 (passcode 62742). Audio replay will be available until ...
FRP (FRPH) - 2023 Q4 - Annual Report
2024-03-27 05:18
公司财务状况 - 公司2023年营收为41506千美元,同比增长10.7%[154] - 公司2023年净利润为5302千美元,同比增长16.1%[154] - 公司总资产为709166千美元,同比增长1.2%[154] - 公司股东权益为414520千美元,同比增长1.8%[154] - 公司每股净利润为0.56美元,同比增长14.3%[154] 主要业务表现 - 公司主要业务为房地产业务,包括商业物业租赁、矿业特许地租赁、房地产开发和建设等[154] - 工业和商业部门今年表现良好,收入增长45.4%,净营业收入增长46.2%[162] - 多家庭住宅业务部门经历了一年的起伏,收入增长1.8%,但总净营业收入与去年相比有所下降[163] - 矿业特许权领域在2023年表现强劲,收入达到1252.7万美元,比2022年的最佳收入年度增长了17.3%[166] 发展策略和投资 - 公司战略是通过资产销售重新配置资金,重点投资于混合用途、工业、现有建筑等领域[155] - 公司目标是通过积极参与资产管理和资本结构管理来提高股东价值[156] - 公司通过内部开发、联合开发和资本来源贷款三大策略将现金投入运作,已在多个项目和资产类别中投入超过3亿美元的股本[175] - 公司的合资开发和收购策略主要集中在外部合作伙伴开发的项目上,2024年将为多户住宅部门增加1058个单位[172] 资金管理和投资活动 - 公司截至2023年12月31日拥有现金及现金等价物为1.5755亿美元[276] - 公司2023年的经营活动现金净额为3,297.1万美元,比去年同期增加了1,363.3万美元[277] - 公司投资于到2024年中期到期的美国国债,价值为1.28795亿美元[278] - 公司2023年支出5791万美元用于房地产开发,2024年预计投资8700万美元到现有房地产持有和合资企业以及新的房地产资产和合资企业[289]