FRP Holdings sees Q4 net income $400.000 with items vs. $1.7M last year

For the Q4, the Company expects to report a $1.3M decrease in net income versus the Q4 of 2024: $400.000 vs $1.7M due to expenses related to the Altman Logistics platform acquisition for $500.000, increased general and administrative expenses due to the Altman new hires, underperformance at Dock and Maren, industrial vacancies and added depreciation at Chelsea partially offset by higher mining royalties and improved results in Equity in Loss of Joint Ventures.