Frp holdings, inc. reports fiscal 2025 second quarter results

Jacksonville, fl / access newswire / august 6, 2025 / 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, mining and royalty lands, today reported financial results for the quarter ended june 30, 2025. second quarter highlights and recent developments 72% decrease in net income ($0.6 million vs $2.0 million) due largely to legal expenses related to due diligence for a potential investment the company is evaluating, as well as lower net interest income offset by higher mining royalties and improved results in equity in loss of joint ventures 5% increase in pro rata noi ($9.7 million vs $9.2 million) 1% increase in the multifamily segment's pro rata noi primarily due to improved occupancy of the verge and dock 79.
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