FRP HLDGS INC. DL-,10 Aktie

The board of FRP Holdings has, following a competitive selection process, appointed Forvis Mazars as the new independent auditor for the fiscal year ending 31 December 2026; Baker Tilly was dismissed with effect from last Friday. Baker Tilly’s audit report for 2025 contained no qualifications or modifications and there were no disagreements or reportable events. Forvis Mazars already performed completed tax and valuation services for 2025; decision-making and supervisory responsibility remain with management. FRP also reported Q1-2026 results: net operating income of $8.9 million and FFO of $3.6 million ($0.19 per share); at the annual general meeting directors were elected and a stock option plan was approved. » More on de.investing.com

At FRP Holdings' annual general meeting, nine directors were elected for one year, a 2026 equity incentive plan was approved and executive compensation was endorsed in a non-binding vote. Of 19,171,625 voting shares, 13,067,984 were represented; all votes recorded no broker non-votes. The stock traded around $21.10 near its 52-week low and is down about 16% year-to-date. FRP also reported mixed Q1 results with net operating income of $8.9m and FFO of $3.6m, or $0.19 per share, highlighting operational occupancy challenges and strategic expansion efforts. » More on de.investing.com

FRP Holdings posted an operating result of $8.9m and operating cash flow of $3.6m ($0.19 per share) in Q1 2026, with a liquidity reserve of $130m. The commercial and industrial portfolio suffered a steep drop in occupancy to 47.5% (85% a year earlier), while the mining and licences segment increased operating profit by 15%. For 2026 the company expects an operating result of about $37m and plans $15–16m in administrative expenses to support growth. In the near term operating cash flow could remain under pressure; improvements depend on new lettings and stabilisation of project development. » More on de.investing.com