Frp Hldgs Stock Price, News & Analysis
Company Description
FRP Holdings, Inc. (NASDAQ: FRPH) is a holding company engaged in the real estate business. According to its public disclosures, the company operates across several real estate asset classes and business lines, including leasing and management of commercial properties, leasing and management of mining royalty land, acquisition and development of real property, and leasing and management of residential apartment buildings. FRP Holdings describes itself as a full-service real estate investment and development company with distinct business segments that include Multifamily, Industrial and Commercial Development, and Mining and Royalty Lands.
Core business activities
The company states that its real estate activities cover four main areas:
- Leasing and management of commercial properties owned by the company – FRP Holdings owns commercial real estate and generates lease revenue from these properties while managing their operations.
- Leasing and management of mining royalty land owned by the company – the company owns land that is subject to mining royalty arrangements and earns mining royalty and rent income.
- Real property acquisition, entitlement, development and construction – FRP Holdings is involved in acquiring, entitling, developing and constructing real property, primarily for apartment, retail, warehouse and office uses, either on its own balance sheet or through joint ventures.
- Leasing and management of residential apartment buildings – the company is engaged in the ownership, leasing and management of residential multifamily properties.
Business segments and asset classes
In its earnings communications, FRP Holdings highlights three principal asset classes or segments:
- Multifamily – focused on residential apartment buildings. The company reports pro rata net operating income (NOI) from a portfolio of multifamily properties, including both consolidated and unconsolidated joint ventures. These assets include apartment communities such as Dock 79, The Maren, Riverside, Bryant Street, .408 Jackson and The Verge, which contribute lease revenue and NOI to the Multifamily segment.
- Industrial and Commercial – focused on industrial and commercial buildings. FRP Holdings reports lease revenue and NOI from industrial and office square footage, and it has described a portfolio of multiple buildings in service across several locations. The company also references industrial assets such as a warehouse in Harford County, Maryland (Chelsea) and joint venture industrial developments in Florida.
- Mining and Royalty Lands – focused on mining royalty and rents from land owned by the company. Segment discussions emphasize mining royalty revenue, royalty tons and related depletion, and the impact of minimum royalty payments under lease arrangements.
In addition to these operating segments, FRP Holdings reports activity in a Development segment related to projects that are under development prior to stabilization. Projects may move from the Development segment into the Multifamily or Industrial and Commercial segments once they reach lease-up stabilization or are otherwise placed in service.
Real estate development and joint ventures
FRP Holdings indicates that it participates in both wholly owned projects and joint ventures. The company notes that it undertakes real property acquisition, entitlement, development and construction primarily for apartment, retail, warehouse and office uses, either alone or through joint ventures. Its disclosures describe unconsolidated joint ventures in the Multifamily segment and industrial joint ventures with partners such as Altman Logistics and Strategic Real Estate Partners (SREP).
The company has discussed construction and development of industrial warehouses in markets such as Florida and Maryland, including joint venture industrial developments in Lakeland and Broward County, Florida, and a warehouse in Harford County, Maryland. It has also described a development pipeline of industrial projects and entitlement work intended to prepare sites for future construction.
Mining royalty lands
Within the Mining and Royalty Lands segment, FRP Holdings reports mining royalty and rent income from land it owns. The company’s results commentary references mining royalty revenue, royalty tons, depletion and minimum royalty payments under lease agreements. These lands generate income based on mining activity and royalty structures agreed with tenants.
Revenue characteristics and metrics
Across its segments, FRP Holdings emphasizes lease revenue, mining royalty and rents, and pro rata net operating income (NOI) as key performance measures. Segment discussions in its quarterly results break out lease revenue, depreciation and amortization, operating expenses, property taxes, operating profit before general and administrative expense, and net operating income for Multifamily, Industrial and Commercial, and Mining and Royalty Lands.
The company also reports equity in loss of joint ventures related to unconsolidated projects, net investment income from lending ventures and cash equivalents, and interest expense associated with its financing arrangements. These items contribute to consolidated net income alongside segment-level NOI.
Corporate structure and listing
FRP Holdings, Inc. is incorporated in Florida and reports under Commission File Number 001-36769. The company’s common stock trades on NASDAQ under the ticker symbol FRPH. Its SEC filings list a principal office location in Jacksonville, Florida. The company files periodic and current reports with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q and 8-K.
Strategic focus and capital allocation
In its public communications, FRP Holdings describes itself as a full-service real estate investment and development company and references a multi-year investment and development strategy. The company has highlighted efforts to grow NOI over time through leasing existing vacancies, developing new projects in its pipeline, and pursuing joint venture and acquisition opportunities in its focus asset classes.
Management commentary in earnings releases and transaction announcements discusses the use of construction loans, revolving credit facilities, and joint venture structures to fund development, as well as the use of lending ventures. The company has also described the role of minority interests in joint ventures and the impact of these structures on its reported equity in loss of joint ventures and net investment income.
Altman Logistics platform acquisition
FRP Holdings has disclosed that it entered into and completed a Purchase and Sales Agreement to acquire the business operations and development pipeline of Altman Logistics Properties, LLC, an operating platform of BBX Capital. Altman Logistics holds minority interests in a portfolio of institutional-grade industrial assets under various stages of development and a contract for the purchase of an industrial land parcel. FRP Holdings has stated that, through this transaction, it acquired minority interests in industrial projects, including projects in Lakeland and Broward County, Florida, and obtained 100% ownership of those two projects by acquiring Altman’s minority stakes.
The company has described the Altman Logistics model as a develop-and-sell program in which Altman collected development fees from joint venture partners and held rights to a promote upon successful sale of projects at stabilization. FRP Holdings has indicated that, for certain projects acquired in the transaction (other than the Lakeland and Davie projects that it intends to own long term), it plans to continue the Altman Logistics Properties model.
Joint venture with Strategic Real Estate Partners (SREP)
FRP Holdings has announced a joint venture agreement with Strategic Real Estate Partners, a private real estate development firm specializing in industrial real estate development, to develop warehouse space in Lake County, Florida near Orlando. The company has indicated that this joint venture contemplates development of industrial warehouses with options for additional investment in adjacent properties.
Investor communications
The company regularly issues press releases regarding quarterly earnings results, conference calls, investor days and significant transactions. These communications provide detail on segment performance, pro rata NOI, net income, joint venture results, lending ventures, and development progress.
FAQs about FRP Holdings, Inc. (FRPH)
Stock Performance
Frp Hldgs (FRPH) stock last traded at $21.60, down 0.64% from the previous close. Over the past 12 months, the stock has lost 25.2%. At a market capitalization of $415.6M, FRPH is classified as a small-cap stock with approximately 19.1M shares outstanding.
Latest News
Frp Hldgs has 10 recent news articles. Of the recent coverage, 0 articles coincided with positive price movement and 10 with negative movement. Key topics include conferences, acquisition, earnings. View all FRPH news →
SEC Filings
Frp Hldgs has filed 5 recent SEC filings, including 4 Form 4, 1 Form SCHEDULE 13D/A. The most recent filing was submitted on March 25, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all FRPH SEC filings →
Insider Radar
Insider buying activity at Frp Hldgs over the past 90 days may reflect management confidence in the company's direction. Institutional investors and analysts often monitor insider purchases as a potential bullish indicator for the stock.
Financial Highlights
Frp Hldgs generated $41.8M in revenue over the trailing twelve months, operating income reached $11.7M (28.0% operating margin), and net income was $6.4M, reflecting a 15.3% net profit margin. Diluted earnings per share stood at $0.34. The company generated $29.0M in operating cash flow.
Upcoming Events
Short Interest History
Short interest in Frp Hldgs (FRPH) currently stands at 191.9 thousand shares, down 2.8% from the previous reporting period, representing 1.7% of the float. Over the past 12 months, short interest has increased by 34.3%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Frp Hldgs (FRPH) currently stands at 4.7 days, up 38.1% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 31.5% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 2.0 to 4.7 days.
FRPH Company Profile & Sector Positioning
Frp Hldgs (FRPH) operates in the Real Estate Services industry within the broader Real Estate sector and is listed on the NASDAQ.
Investors comparing FRPH often look at related companies in the same sector, including Transcontinental (TCI), Re Max Hldgs Inc (RMAX), Maui Ld & Pineap (MLP), Hotel101 Global Holdings Corp (HBNB), and Seaport Entmt Group Inc (SEG). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate FRPH's relative position within its industry.