FRP Holdings Inc (OQ:FRPH)

Sector:  Financials Industry:  Holding Companies
 
See Regulatory Filings on SEC
Company Contact
Address: 200 W. FORSYTH ST., 7TH FLOOR
JACKSONVILLE FL 32202
Tel: N/A
Website: https://www.frpdev.com
IR: See website
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Key People
John D. Baker
Executive Chairman of the Board, Chief Executive Officer
David H. Devilliers
President, Chief Operating Officer, Director
John D. Baker
Chief Financial Officer, Treasurer
John Dekle Milton
Executive Vice President, General Counsel, Secretary
David H. Devilliers
Executive Vice President
John Daniel Klopfenstein
Chief Accounting Officer, Controller
Business Overview
FRP Holdings, Inc. is a holding company, which is engaged in various real estate businesses. The Company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture Segment. Asset Management segment is engaged in leasing and management of commercial properties owned by the Company. Mining Royalty Lands Segment is engaged in leasing and management of mining royalty land owned by the Company. The segment owns several properties comprising approximately 16,650 acres under lease for mining rents or royalties and an additional 4,280 acres. Other than one location in Virginia, all of its mining properties are located in Florida and Georgia. Development segment real property acquisition, entitlement, development and construction primarily for apartment, retail, warehouse and office buildings either alone or through joint ventures. Stabilized Joint Venture segment ownership, leasing and management of buildings through joint ventures.
Financial Overview
For the fiscal year ended 31 December 2023, FRP Holdings Inc revenues increased 11% to $41.5M. Net income increased 16% to $5.3M. Revenues reflect Lease revenue increase of 8% to $29M, Mining royalty revenue increase of 17% to $12.5M. Net income benefited from Interest Income - Non Bank increase of 99% to $10.9M (income). Basic Earnings per Share excluding Extraordinary Items increased from $0.49 to $0.56.
Employees: 13 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $604.47M as of Dec 31, 2023
Annual revenue (TTM): $41.51M as of Dec 31, 2023
EBITDA (TTM): $22.66M as of Dec 31, 2023
Net annual income (TTM): $5.30M as of Dec 31, 2023
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $21.15M as of Dec 31, 2023
Shares outstanding: 9,500,300 as of Mar 17, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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