FRPH completes acquisition of Altman Logistics Properties platform

Rhea-AI Filing Summary

FRP Holdings (FRPH) announced it has completed the closing on its Purchase and Sales Agreement to acquire the business operations and development pipeline of Altman Logistics Properties, LLC, an operating platform of BBX Capital. The acquired platform holds minority interests in a portfolio of institutional-grade industrial assets at various development stages and includes a contract for the purchase of an industrial land parcel.

The company disclosed the transaction via a press release furnished as Exhibit 99.1 under Regulation FD. This move expands FRP’s industrial footprint by adding an active development pipeline and related interests, aligning the business with ongoing demand for institutional-quality logistics and industrial real estate.

Insights

Real estate transactions analyst

FRPH closed a platform acquisition adding an industrial development pipeline.

FRP Holdings completed the purchase of the business operations and development pipeline of Altman Logistics Properties, LLC, an operating platform of BBX Capital. The platform brings minority interests in institutional-grade industrial projects across multiple development stages, plus a contract for an industrial land parcel.

The strategic mechanism is a platform acquisition, which can accelerate project sourcing and execution by importing pipeline, relationships, and know-how. Actual financial impact depends on project-level performance and the pace at which developments progress and stabilize.

Key items to follow include updates on the acquired development pipeline and any milestones disclosed in subsequent filings or press releases after October 21, 2025, particularly as projects advance from development to income-producing stages.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 21, 2025

FRP HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Florida (State or other jurisdiction of incorporation) 001-36769 (Commission File Number) 47-2449198 (IRS Employer Identification No.)

200 W. FORSYTH STREET, 7TH FLOOR JACKSONVILLE, FL (Address of principal executive offices) 32202 (Zip Code)

(904) 858-9100

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock			FRPH			Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 7.01. Regulation FD Disclosure.

On October 21, 2025, FRP Holdings, Inc. issued a press release announcing that the Company has completed the closing on its Purchase and Sales Agreement to acquire the business operations and development pipeline of Altman Logistics Properties, LLC, an operating platform of BBX Capital, which 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. A copy of the press release is furnished as Exhibit 99.1.

The information in this report (including the exhibit) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

Exhibit No. Description

99.1 FRP Holdings, Inc. Press Release dated October 21, 2025

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						FRP HOLDINGS, INC.
						Registrant
Date:  October 21, 2025			By:			/s/Matthew C. McNulty
						Matthew C. McNulty
						Chief Financial Officer & Treasurer

FAQ

What did FRPH announce in its 8-K?

FRP Holdings completed the closing on its Purchase and Sales Agreement to acquire the business operations and development pipeline of Altman Logistics Properties, LLC.

Who is Altman Logistics Properties, LLC and its affiliation?

Altman Logistics Properties, LLC is an operating platform of BBX Capital.

What assets are included in the acquisition by FRPH?

The platform includes minority interests in institutional-grade industrial assets at various development stages and a contract to purchase an industrial land parcel.

How did FRPH disclose additional details about the transaction?

A press release was furnished as Exhibit 99.1 under Item 7.01 (Regulation FD Disclosure).

When did FRPH report the closing?

FRP Holdings reported the closing on October 21, 2025.

What is the trading symbol and exchange for FRP Holdings?

The common stock trades under the symbol FRPH on the Nasdaq Global Select Market.