FRP HOLDINGS (FRPH) SEC Filings

FRP Holdings, Inc. (FRPH) reported third-quarter 2026 revenue of $10.962 million, up 1.7% year over year, but a $165,000 net loss attributable to the company versus $662,000 net income a year earlier. Pro rata net operating income (NOI), a company-reported operating measure, was $9.034 million, down from $9.523 million. Management cited higher general and administrative costs, lower interest income and weaker occupancy; increased mining royalties partly offset those factors.

For the first nine months, revenue was $32.639 million, up 2.2%, while the company reported a $1.111 million net loss compared with $2.950 million net income in 2025. Operating cash flow was $14.279 million versus $16.780 million. Cash, cash equivalents and restricted cash totaled $73.180 million at September 30, 2026; notes payable, net, were $231.666 million.

Mining royalty revenue rose 9.5% to $4.040 million in Q3; segment NOI rose 9.6% to $4.115 million. FRP reported about 127,000 square feet of industrial leasing activity during the quarter. Management estimates Chelsea, Lakeland, Davie and Camp Lake could produce about $12 million in annual recurring pro rata NOI at stabilization, with timing dependent on leasing and rent commencement.

FRP Holdings, Inc. CEO and director John D. Baker III reported two purchases of common stock held indirectly in a living trust: 1,091 shares on November 10, 2026, at a weighted average of $18.98 per share (actual prices ranged from $18.94 to $18.99), and 4,172 shares on November 11, 2026, at a weighted average of $18.80 per share (actual prices ranged from $18.46 to $18.97). The transactions were made under a Rule 10b5-1 plan.

FRP Holdings, Inc. (FRPH) reported a third-quarter net loss attributable to the company of $165,000, or $0.01 per share, versus net income of $662,000, or $0.03 per share, a year earlier. Revenue was $10.962 million, up 1.7%, and pro rata NOI was $9.034 million, down 5% from $9.523 million.

Mining royalty NOI rose 9.6% to $4.115 million as volume increased 6.9% and revenue per ton increased 3.0%. Multifamily NOI declined 11.9% to $4.028 million amid higher concessions and operating expenses; Industrial & Commercial NOI fell 28% to $651,000, reflecting the former Vulcan land lease expiration and Maryland vacancies. For the first nine months, FRPH recorded a $1.111 million net loss attributable to the company versus $2.950 million net income.

Industrial leasing totaled 126,682 square feet. Lakeland and Davie are expected to be substantially complete in the fourth quarter of 2026, followed by Camp Lake in the first quarter of 2027. Four assets are estimated to generate approximately $12 million in annual recurring pro rata NOI and $7 million in annual FFO at stabilization; timing depends on leasing and rent commencement.

FRP HOLDINGS, INC. (FRPH) director and ten percent owner John D. Baker II reported indirect open-market purchases totaling 9,146 shares of common stock on August 17–18, 2026, under a Rule 10b5-1 trading plan, at weighted average prices of $21.9687–$21.97 per share.

The August 17 purchase of 957 shares carried a weighted average price with actual trades between $21.85 and $22.00, and the August 18 purchase of 8,189 shares had actual prices between $21.88 and $22.00. The acquired shares are held indirectly in a trust for Baker’s benefit, where he is co-trustee and sole income beneficiary, and he disclaims beneficial ownership beyond his pecuniary interest.

FRP Holdings, Inc. CEO and director John D. Baker III reported purchasing 6,800 shares of common stock on August 7, 2026. The shares were acquired indirectly through a living trust at a weighted average price of $21.91 per share, with individual trade prices ranging from $21.50 to $22.00. Following this purchase, the living trust held 303,591 shares of FRP Holdings common stock. The transactions were conducted under a Rule 10b5-1 trading plan. Additional indirect holdings are reported in trusts for the benefit of the reporting person and his children.

FRP Holdings, Inc. reported a net loss attributable to the company of $(259,000), or $(0.01) per share, for the quarter ended June 30, 2026, compared with net income of $578,000, or $0.03 per share, a year earlier. For the first six months, the company posted a net loss attributable to the company of $(946,000) versus income of $2,288,000 in 2025.

Total revenues grew modestly to $11.1 million for the quarter and $21.7 million year‑to‑date, as double‑digit growth in Mining Royalty Lands offset lower lease revenue and higher general and administrative expenses. Pro rata net operating income was $9.4 million in the quarter and $18.2 million year‑to‑date, down 3–4% from 2025, driven by weaker occupancy and higher costs in the Multifamily and Industrial and Commercial segments.

The Mining Royalty Lands segment increased net operating income by 12.4% in the quarter, supported by a 6.8% rise in royalty tons and a 5.4% increase in royalty revenue per ton. Industrial and Commercial net operating income fell 39% as the Maryland warehouse portfolio operated at 49.4% leased, while Multifamily pro rata NOI declined 8.9% on softer Washington, D.C. performance. Cash, cash equivalents and restricted cash were $100,975,000, with total notes payable of $214,618,000 and $38,590,000 available under a $50 million revolving credit facility.

FRP Holdings, Inc. reported fiscal Q2 2026 results with a net loss attributable to the company 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, but pro rata NOI edged down to $9.4 million from $9.7 million as higher general and administrative costs and lower investment income outweighed growth in mining royalties.

Multifamily pro rata NOI declined 9% to $4.3 million, with portfolio occupancy slipping to 93.2% from 94.1%, led by softer Washington, D.C. assets, while Greenville properties maintained occupancy above 95%. Industrial and Commercial NOI fell 39% to $0.6 million, and occupancy in the Maryland portfolio (excluding Chelsea) dropped to 69.9% from 77.9%, making leasing this space a key near-term focus. In contrast, Mining Royalty NOI increased 12% to $4.1 million on 6.8% higher volumes and 5.4% higher revenue per ton, sustaining operating margins above 90%.

For the first six months of 2026, FRP recorded a net loss of $0.9 million, or $(0.05) per share, versus net income of $2.3 million in the prior-year period, as pro rata NOI decreased 4% to $18.2 million. Mining royalties grew 14% year-to-date, and the Altman Logistics platform contributed $358,000 of joint venture management fee revenue, while G&A rose $2.3 million, or 42.3%, driven by personnel, audit, legal and integration costs.

Surface John S reported acquisition or exercise transactions in this Form 4 filing.

FRP Holdings, Inc. director equity grant

Director John S. Surface received a grant of 4,671 shares of FRP Holdings common stock on May 14, 2026, valued at $21.41 per share, as part of the company's director compensation arrangements. Following this award, he directly holds 17,599 common shares.

STEIN MARTIN E JR reported acquisition or exercise transactions in this Form 4 filing.

FRP Holdings director Martin E. Stein Jr. reported a stock award of 4,671 shares of common stock at $21.41 per share under the company’s director compensation arrangements. After this grant, he directly holds 146,720 shares. Indirectly, a partnership in which he owns a 16.175% interest holds 241,800 shares, with beneficial ownership disclaimed except for his pecuniary interest.