Earnings ·
FRP Holdings reports Q3 net loss of $165K as multifamily NOI drops 12%
FRPHFrp Holdings, Inc.
FRP Holdings reported a net loss attributable to the company of $165,000, or $(0.01) per share, for the quarter ended September 30, 2026, compared to net income of $662,000 in the prior year period. Pro rata NOI declined 5% to $9.0 million from $9.5 million, driven by a 12% drop in multifamily segment NOI due to higher concessions and operating expenses at Washington DC properties. Industrial and commercial NOI fell 28%, while mining royalty NOI rose 10%. The company executed approximately 127,000 square feet of industrial leasing activity, its most active quarter since Q2 2021. FRP Holdings is a real estate investment and development company with segments in multifamily, industrial, commercial, development, and mining royalty lands.