NASDAQ$FRPH
Frp Holdings Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
FRP Holdings reported a significant increase in net income and highlighted segment performance.
FRP Holdings, Inc. reported a substantial increase in net income for the first quarter of 2021, driven by strong performance across its segments. The company also completed a refinancing of Dock 79 and secured permanent financing for The Maren.
- Net income for Q1 2021 was $28.37 million, a significant increase compared to $1.62 million in the same period last year.
- Mining Royalty Lands segment achieved its highest total revenue in any first quarter.
- The Maren reached stabilization in March 2021, leading to its consolidation for accounting purposes.
- Dock 79's occupancy remained strong, with refinancing completed to lower interest rates and defer principal payments.
Headline financials
Revenue & EPS history
FRP · Revenue · Quarterly
$5.85M
Revenue by segment
FRP · $10.1M total across 3 segments · Q1 2026
- Multifamily$5.2M—51.4%
- Mining Royalty Lands$3.72M—36.8%
- Industrial and Commercial$1.2M—11.9%
Forward guidance
FRP Holdings is optimistic about its future, citing gratitude for asset performance during the pandemic, optimism as vaccination rates increase, and excitement for future developments. The company's $160 million liquidity position allows for opportunistic stock repurchases.
Tailwinds
- Assets have responded well to the pandemic.
- Vaccination rates are increasing, indicating a path back to normalcy.
- The company has a substantial multifamily footprint.
- Over $160 million in liquidity allows for opportunistic stock repurchases.
- Completed refinancing of Dock 79 and secured permanent financing for the Maren.
Headwinds
- COVID-19 pandemic is still impacting retail tenants and rent increases in Washington, D.C.
- Possible impacts on leasing retail spaces at Bryant Street due to pandemic conditions.
- Potential inability to find appropriate reinvestment opportunities for proceeds from the Sale Transaction.
- Risks associated with developing and managing properties in partnership with others.
- General real estate investment and development risks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
+0.3%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+0.3%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+11.5%
Q1 2013
Best reaction
-6.8%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | +5.3% | +11.1% | |
| Q4 2025 | -2.0% | -5.5% | -8.7% | |
| Q3 2025 | -4.5% | -1.4% | -3.4% | |
| Q2 2025 | -6.8% | +0.3% | -4.2% | |
| Q1 2025 | +1.2% | +0.0% | +1.4% | |
| Q4 2024 | -3.6% | -9.2% | -9.9% | |
| Q3 2024 | +1.3% | +4.1% | +5.4% | |
| Q2 2024 | +4.7% | +1.7% | +0.6% | |
| Q1 2024 | +1.2% | -1.8% | -2.3% | |
| Q4 2023 | +1.9% | +1.1% | +0.9% | |
| Q3 2023 | +1.3% | +3.7% | +8.0% | |
| Q2 2023 | -1.0% | -2.7% | -3.0% | |
| Q1 2023 | +2.5% | -3.8% | +6.6% | |
| Q4 2022 | +9.7% | +4.1% | +6.8% | |
| Q3 2022 | +0.1% | +3.0% | +5.4% | |
| Q2 2022 | +2.4% | +1.8% | -0.9% | |
| Q1 2022 | +1.9% | -0.4% | +1.9% | |
| Q4 2021 | +3.3% | +1.7% | +4.3% | |
| Q3 2021 | +7.1% | +12.0% | +0.1% | |
| Q2 2021 | -2.4% | -0.4% | -3.6% | |
| Q1 2021 | +8.4% | +13.8% | +16.1% | |
| Q4 2020 | +8.0% | +7.9% | +2.6% | |
| Q3 2020 | -2.1% | +4.5% | +1.4% | |
| Q2 2020 | +1.9% | +5.9% | +2.2% | |
| Q1 2020 | -1.2% | -2.6% | +1.6% | |
| Q4 2019 | +2.3% | -7.1% | -14.4% | |
| Q3 2019 | -1.3% | -3.5% | -1.9% | |
| Q2 2019 | +0.1% | +1.4% | +1.0% | |
| Q1 2019 | -5.2% | -3.7% | -4.7% | |
| Q4 2018 | +0.4% | -0.8% | +1.3% | |
| Q3 2018 | -0.7% | +0.5% | -10.4% | |
| Q2 2018 | +2.4% | -1.5% | +1.2% | |
| Q1 2018 | -1.3% | -2.9% | -0.3% | |
| Q4 2017 | +1.3% | +2.4% | +1.5% | |
| Q3 2017 | -0.6% | -0.8% | +1.1% | |
| Q2 2017 | -1.1% | -0.2% | -1.1% | |
| Q1 2017 | -2.2% | -1.9% | -3.2% | |
| Q4 2016 | +1.8% | +3.8% | +3.3% | |
| Q3 2016 | +0.9% | +0.6% | -3.7% | |
| Q2 2016 | -1.7% | — | — | |
| Q1 2016 | +3.5% | — | — | |
| Q4 2015 | -4.7% | — | — | |
| Q3 2015 | +5.2% | — | — | |
| Q4 2014 | -4.4% | — | — | |
| Q2 2015 | +2.8% | — | — | |
| Q1 2015 | +4.4% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | -2.8% | — | — | |
| Q2 2013 | -5.1% | — | — | |
| Q1 2013 | +11.5% | — | — | |
| Q4 2012 | -2.1% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q2 2012 | -1.5% | — | — | |
| Q1 2011 | +3.0% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2009 | -5.6% | — | — | |
| Q2 2011 | -5.6% | — | — | |
| Q4 2011 | -5.6% | — | — | |
| Q3 2011 | -2.8% | — | — | |
| Q4 2010 | -2.8% | — | — | |
| Q3 2010 | -2.8% | — | — | |
| Q1 2010 | -0.7% | — | — |
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