FRP : Financial Highlights Q2 2023

FRP HOLDINGS, INC.

FINANCIAL HIGHLIGHTS Q2 2023

AUGUST 9, 2023

1

FRP HOLDINGS, INC.

HIGHLIGHTS FOR Q2

			(in 000'S)
THREE MONTHS ENDED		JUNE 30, 2023		JUNE 30, 2022
REVENUES	11.1%	$10,696		$9,628
OPERATING PROFIT	33.9%	$2,767		$2,066
PRO RATA NOI	16.3%	$7,614		$6,549
NET INCOME	-9.0%	$598		$657
(After-Tax & Non-Controlling Interest)

2

FRP HOLDINGS, INC.

HIGHLIGHTS FOR FIRST SIX MONTHS

			(in 000'S)
SIX MONTHS ENDED		JUNE 30, 2023		JUNE 30, 2022
REVENUES	13.5%	$20,810		$18,335
OPERATING PROFIT	63.9%	$5,621		$3,430
PRO RATA NOI	24.5%	$14,602		$11,727
NET INCOME	-12.5%	$1,163		$1,329
(After-Tax & Non-Controlling Interest)

3

FRP HOLDINGS, INC.

HIGHLIGHTS FOR TRAILING TWELVE MONTHS

			(in 000'S)
TTM ENDED		JUNE 30, 2023		JUNE 30, 2022
REVENUES	13.5%	$39,956		$35,207
OPERATING PROFIT	130.4%	$10,187		$4,421
PRO RATA NOI	34.3%	$27,105		$20,176
NET INCOME	303.9%	$4,399		$1,089
(After-Tax & Non-Controlling Interest)

4

FRP HOLDINGS, INC.

BALANCE SHEET EXCERPTS

(in 000'S)

6/30/2023 12/31/2022

Assets:
Net Investment in Properties	$	363,595	367,158
Real Estate Held for Investment, At Cost		10,392	10,182
Investment in Joint Ventures		152,587	140,525
Net Real Estate Investments		526,574	517,865
Cash and Cash Equivalents		166,537	177,497
Other Misc.		6,785	5,722
Total Assets	$	699,896	701,084

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