FRP Holdings, Inc. Reports Fiscal 2026 Second Quarter Results
Mining Royalties Revenue up 13% on higher Volume and Pricing; Multifamily and Industrial Occupancy Remain Pressured; Industrial Leasing the Near-Term Priority JACKSONVILLE, FL / ACCESS Newswire / August 4, 2026 / FRP Holdings, Inc. (NASDAQ:FRPH), a full-service real estate investment and development company with four distinct business segments including Multifamily, Industrial and Commercial, Development, and Mining and Royalty Lands, today reported financial results for the quarter ended June 30, 2026. Key results for the quarter ended 2026 include: Q2 2026 Financial Highlights: The Company reported a net loss of $0.3 million or $(0.01) per share, versus net income of $0.6 million or $0.03 per share in the same quarter last year Pro rata NOI of $9.4 million was slightly down (3%) versus the $9.7 million of NOI in the second quarter last year Multifamily portfolio occupancy of 93.2% across 1,827 units was also slightly down versus 94.1% last year Industrial & Commercial occupancy of 69.9% (ex-Chelsea) was down from 77.9% Mining royalties were up 13% as a result of increases in both volume (up 6.8%) and revenue per ton (up 5.4%) This was our second full quarter following the October 21, 2025, Altman Logistics acquisition "Second quarter results continued to reflect the occupancy pressure we flagged exiting last year across our DC multifamily assets and the Maryland industrial portfolio, alongside higher G&A tied to the Altman integration," said John Baker III, CEO of FRP Holdings.
