FRP Holdings Q2 FY26 swings to net loss of $259,000; revenue rises 2.1% to $11.08 million
FRPH•Q2 fiscal 2026 results
- FRP Holdings posted a net loss of USD 0.3 million, or USD 0.01 per share, in fiscal Q2 2026, swinging from profit a year earlier.
- Revenue rose 2.1% to USD 11.08 million.
- Pro rata NOI slipped 3% to USD 9.4 million from the year-ago quarter as weaker Multifamily and Industrial results outweighed mining gains.
- Industrial & Commercial occupancy fell 8 percentage points to 69.9% (excluding Chelsea), driving segment NOI down 39% to USD 616,000.
- Mining royalty revenue rose 13% to USD 4.1 million on 6.8% higher volume and 5.4% higher revenue per ton; segment NOI increased 12% to USD 4.1 million.
- CEO John Baker III said priorities remain leasing the Maryland industrial portfolio, stabilizing DC multifamily occupancy, and delivering active development projects on schedule.
