JACKSONVILLE, Fla. (AP) _ FRP Holdings Inc. (FRPH) on Wednesday reported first-quarter net income of $1.6 million.
The Jacksonville, Florida-based company said it had profit of 16 cents per share.
The real estate company posted revenue of $5.8 million in the period.
FRP Holdings shares have dropped 13% since the beginning of the year. The stock has declined 12% in the last 12 months.