FRP Holdings swings to Q2 net loss of $0.3 million as occupancy declines
FRP Holdings reported a second-quarter 2026 net loss of $0.3 million, or $(0.01) per share, compared with net income of $0.6 million, or $0.03 per share, a year earlier. Total revenues rose 2.1% to $11.1 million, driven by higher mining royalty revenue, but pro rata net operating income fell 3% to $9.4 million as multifamily and industrial occupancy weakened.
Key points
- Q2 2026 net loss of $0.3 million, or $(0.01) per share, versus net income of $0.6 million, or $0.03 per share, in Q2 2025
- Total revenues of $11.1 million, up 2.1%; mining royalty revenue up 13%
- Pro rata NOI of $9.4 million, down 3% from $9.7 million; multifamily occupancy 93.2% versus 94.1%
- Industrial and Commercial occupancy, excluding Chelsea, was 69.9% versus 77.9%; G&A rose $802,000 on Altman integration and other costs
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.