FRP Holdings, Inc. filings document the financial reporting, governance, and material events of a public real estate holding and development company. Form 8-K reports furnish operating results and segment disclosures for Multifamily, Industrial and Commercial, Development, and Mining and Royalty Lands activities, including property leasing, development performance, vacancies, royalties, and joint-venture results.
The company’s SEC record also includes proxy materials covering board governance, executive compensation, equity awards, and shareholder voting matters. Other filings document Regulation FD disclosures, completed acquisition activity involving an industrial logistics development platform, and Form 12b-25 reporting related to annual-report timing, consolidated financial statements, and audit completion.
McAfee Matthew reported acquisition or exercise transactions in this Form 4 filing.
FRP Holdings, Inc. director Matthew McAfee reported receiving a grant of 4,671 shares of Common Stock on May 14, 2026. The shares were awarded under the company's director compensation arrangements, meaning this is compensation-related rather than an open-market purchase.
Following the award, McAfee directly holds 11,547 shares of FRP Holdings common stock. This filing reflects a routine equity grant that increases his direct ownership stake and further aligns his compensation with the company’s stock performance.
Wetherbee Margaret B. reported acquisition or exercise transactions in this Form 4 filing.
FRP Holdings director Margaret B. Wetherbee reported an equity award of 4,671 shares of Common Stock at $21.41 per share, received as part of the company’s director compensation arrangements. This is a compensation-related share grant, not an open‑market purchase.
Following the award, she directly holds 133,861 common shares. The filing also reports 221,736 common shares held indirectly through a trust for the benefit of Edward L. Baker and Margaret B. Wetherbee, where she serves as co‑trustee and beneficiary.
WALTON WILLIAM H III reported acquisition or exercise transactions in this Form 4 filing.
FRP Holdings, Inc. director William H. Walton III received a grant of 4,671 shares of common stock on May 14, 2026 at $21.41 per share under the company’s director compensation arrangements, bringing his directly held stake to 53,387 shares after the award.
Thomas Nicole B. reported acquisition or exercise transactions in this Form 4 filing.
FRP Holdings, Inc. director Nicole B. Thomas received a grant of 4,671 shares of Common Stock on May 14 as part of the company’s director compensation arrangements. The shares were valued at $21.41 per share for the award. Following this equity grant, Thomas directly holds 17,599 shares of FRP Holdings common stock.
FRP Holdings, Inc. reported that its Audit Committee completed a competitive process to select the independent registered public accounting firm for the fiscal year ending December 31, 2026, appointing Forvis Mazars, LLP and having this choice ratified by the Board. As a result, Baker Tilly US, LLP, which had served as auditor since May 2025, was dismissed effective May 15, 2026.
The company states that Baker Tilly’s audit report on the 2025 financial statements was unqualified and that there were no disagreements or reportable events under Item 304 of Regulation S-K through May 15, 2026. FRP also notes that while Forvis Mazars previously provided tax provision, valuation, and technical accounting advisory services for 2025 periods audited by the predecessor auditor, management retained responsibility for related decisions and oversight.
FRP Holdings reported a first-quarter 2026 net loss of $0.7 million, or $0.04 per share, compared with net income of $1.7 million, or $0.09 per share, a year earlier. Total revenue rose slightly to $10.6 million from $10.3 million, as higher mining royalties and new joint venture management fees offset lower lease revenue.
Operating profit fell to $0.5 million from $2.3 million, driven by a 58.5% increase in general and administrative expenses to $4.1 million, largely tied to the Altman Logistics acquisition, and weaker performance in the multifamily and industrial segments. Pro rata net operating income declined 5% to $8.9 million, with multifamily NOI down 12% and industrial/commercial NOI down 33% on lower occupancy and higher costs.
The mining royalty lands segment remained a bright spot, with revenue up 15% to $3.7 million and NOI up 15% as royalty tons rose 7.9% and royalty revenue per ton increased 6.5%. FRP continues to invest heavily in development, using $17.9 million for properties and joint ventures in the quarter, while cash, cash equivalents and restricted cash increased to $107.9 million and total debt rose to $203.9 million.
FRP Holdings, Inc. reported the results of its 2026 Annual Meeting of Shareholders. A total of 19,171,625 shares were entitled to vote, and 13,067,984 shares were represented in person or by proxy, establishing a quorum.
Shareholders elected nine director nominees, each receiving over 12.5 million votes for and no broker non-votes. They also approved the 2026 FRP Holdings, Inc. Equity Incentive Plan with 10,122,237 votes for, 2,614,214 against, and 331,533 abstentions.
On an advisory basis, shareholders approved the compensation of the company’s named executive officers, with 12,758,112 votes for, 294,780 against, and 15,092 abstentions.
FRP Holdings reported a small net loss for Q1 2026 as higher costs and softer property performance offset growth in mining royalties. Net income attributable to the company was a loss of $687,000, or $(0.04) per share, versus income of $1.71 million, or $0.09 per share, in Q1 2025.
Total revenues rose 2.8% to $10.6 million, driven by a 14.9% increase in mining royalty and rent revenue to $3.72 million and new joint venture management fees, while lease revenue declined 5.1%. Pro rata NOI fell 5% to $8.9 million as multifamily and industrial NOI declined.
Multifamily pro rata NOI decreased 11.8% to $4.08 million with portfolio occupancy down to 92.1%, led by weaker Washington, D.C. assets. Industrial and Commercial NOI dropped 33.5% to $758,000, reflecting vacancies at the Chelsea Road warehouse. Mining royalty NOI increased 15.2% to $3.78 million with higher volumes and pricing. General and administrative expenses climbed 58.5% to $4.09 million, largely tied to integrating the Altman Logistics acquisition.
FRP Holdings, Inc. is soliciting proxies for its virtual 2026 Annual Meeting on May 12, 2026 to (i) elect nine director nominees, (ii) seek shareholder approval of the 2026 Equity Incentive Plan, and (iii) hold a non-binding advisory vote on executive compensation. The record date was March 16, 2026, with 19,171,625 shares outstanding as of that date. This filing is Amendment No. 1 to clarify that abstentions and broker non-votes are counted for quorum purposes but are not votes cast and therefore have no effect on the Proposals.
FRP Holdings, Inc. is asking shareholders to vote at its virtual annual meeting on May 12, 2026 at 11:00 a.m. Eastern. Owners of its common stock as of March 16, 2026, when 19,171,625 shares were outstanding, may participate and vote.
Shareholders are being asked to elect nine directors for one-year terms, approve a new 2026 Equity Incentive Plan authorizing up to 1,500,000 shares, and approve on an advisory basis the compensation of named executive officers. Directors and executive officers collectively hold about 24% of outstanding shares and intend to vote in favor of all three proposals.