FRP HOLDINGS, INC. — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
FRP Holdings reported Q3 2026 net loss of $165K ($0.01/share) vs. profit of $662K ($0.03/share) YoY. Pro rata NOI declined 5% to $9.0M from $9.5M; multifamily NOI fell $542K (12%) due to DC occupancy declines and higher concessions; mining royalties rose $359K (10%) on volume (+6.9%) and pricing (+3.0%); industrial leasing hit 126,682 sf, best quarter since Q2 2021. YTD 2026 net loss $1.1M ($0.06/share) vs. $3.0M profit ($0.16/share); pro rata NOI down 5% to $27.3M. Four industrial projects (Chelsea, Lakeland, Davie, Camp Lake—~1.0M sf total) expected to deliver Q4 2026–Q1 2027, estimated to generate $12M annual NOI at stabilization.
Why this rating
Mixed results: mining and industrial leasing momentum offset by meaningful multifamily NOI decline in DC assets. YTD loss reversal material relative to ~$390M market cap; development pipeline is strategic but results remain pressured near-term.
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