The earnings call highlighted positive developments in the company's mining and multifamily segments, as well as progress in the development pipeline. However, significant challenges were noted, including a substantial decrease in net income, declines in the commercial and industrial segments, and anticipated flat NOI growth for the year.

Company Guidance

During the FRP Holdings, Inc. 2025 Q2 earnings call, CFO Matt McNulty highlighted several key financial metrics and guidance. The company reported a significant 72% decrease in net income to $600,000, or $0.03 per share, primarily due to legal expenses and lower interest income. However, the pro rata net operating income (NOI) increased by 5% year-over-year to $9.7 million, driven by higher contributions from the multifamily ($57,000) and mining royalty segments ($637,000). The Industrial and Commercial segment experienced a $177,000 decrease in NOI due to tenant eviction and lease expirations. Looking forward, FRP anticipates a relatively flat NOI for 2025 compared to 2024, as the company focuses on leasing the Chelsea project and addressing vacancies at the Cranberry Industrial Park, with expectations of resuming meaningful year-over-year NOI growth by the second half of 2026. The company is also actively involved in industrial and multifamily development projects, including joint ventures in Florida and Maryland, which are expected to bolster NOI upon completion and lease-up.

Pro Rata NOI Increase

The company's pro rata share of net operating income (NOI) in the second quarter increased 5% year-over-year to $9.7 million. This increase was driven by higher contributions from the multifamily and mining royalty segments.

Strong Mining and Royalty Segment Performance

The Mining and Royalty business segment reported a revenue increase of 12% and an NOI increase of 21% over the same period last year.

Multifamily Segment Growth

The multifamily segment saw an increase in occupancy and rental rates, with a renewal success rate ranging from 52% to 75% and renewal rental rate increases trending over 3.6% on average in Q2.

Development Pipeline Progress

The company has several projects under construction, including 382,000 square feet of industrial space in Florida, with completion expected by 2026. Additionally, a new joint venture agreement aims to develop over 375,000 square feet in Lake County, Florida.

FRP Holdings (FRPH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FRPH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	- / -	0.072	―	―	―
Aug 06, 2025	2025 (Q2)	- / 0.03	0.108	-72.22% (-0.08)
May 12, 2025	2025 (Q1)	- / 0.09	0.069	30.43% (+0.02)
Mar 05, 2025	2024 (Q4)	- / 0.09	0.152	-42.11% (-0.06)
Nov 06, 2024	2024 (Q3)	- / 0.07	0.067	7.46% (<+0.01)
Aug 07, 2024	2024 (Q2)	- / 0.11	0.032	237.50% (+0.08)
May 08, 2024	2024 (Q1)	- / 0.07	0.03	130.00% (+0.04)
Mar 06, 2024	2023 (Q4)	- / 0.15	0.146	4.11% (<+0.01)
Nov 08, 2023	2023 (Q3)	- / 0.07	0.025	168.00% (+0.04)
Aug 09, 2023	2023 (Q2)	- / 0.03	0.035	-8.57% (>-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FRPH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$26.60	$24.75	-6.95%
May 12, 2025	$27.40	$26.60	-2.92%
Mar 05, 2025	$31.00	$29.88	-3.61%
Nov 06, 2024	$30.18	$30.84	+2.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does FRP Holdings (FRPH) report earnings?

FRP Holdings (FRPH) is schdueled to report earning on Nov 05, 2025, TBA (Confirmed).

What is FRP Holdings (FRPH) earnings time?

FRP Holdings (FRPH) earnings time is at Nov 05, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is FRPH EPS forecast?

Currently, no data Available

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