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FRP Holdings

FRPH

FRP Holdings, Inc. is a real estate investment and development firm focused on the acquisition, management, and conversion of land into income-producing assets.

Market cap
$463.35M-10.3%
Revenue$43.1M+2.8%
Net income$933.0K-86.3%
Free cash flow-$26.6M-9.6%
EPS (diluted)$0.04-88.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)

Financials

Q1 2026

Income statement

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Revenue$10.6M+2.8%
Gross profit$7.8M+0.7%
Operating income$512.0K-78.0%
Net income-$687.0K-140%
EPS (diluted)-$0.04-144%

Balance sheet

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Cash & equivalents$107.9M-24.9%
Total debt$203.9M+14.4%
Total equity$428.2M+0.7%
Total assets$750.4M+4.6%

Cash flow

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Operating cash flow$9.7M+115%
CapEx$13.4M+333%
Free cash flow-$3.8M-368%

Valuation & ratios

Valuation

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Market cap$463.35M-10.3%
Enterprise value$559.4M+3.9%
P/E496.6×+401×
P/S10.7×-1.3×

Profitability

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Gross margin74%-1.5pp
Operating margin12.1%-14.5pp
Net margin2.2%-14.0pp
FCF margin-61.7%

Returns & leverage

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Return on equity0.2%-1.4pp
Debt / equity0.5×+0.1×

Segments

By segment

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Multifamily$5.2M-4.2%
Mining royalty lands$3.7M
Industrial and commercial$1.2M
Development$482.0K+60.1%

Competitors

Profile

FRP Holdings, Inc. is a real estate investment and development firm focused on the acquisition, management, and conversion of land into income-producing assets. The company operates a diverse portfolio including industrial warehouses, mining royalty lands, and multifamily residential properties, primarily located in the Southeastern United States and the Mid-Atlantic. Its core value proposition lies in its ability to manage the full lifecycle of real estate from entitlement and development to long-term property management.

Competitive position

FRP Holdings maintains a specialized niche by combining traditional commercial leasing with a unique portfolio of mining royalty lands and high-density multifamily joint ventures.

GeographiesUnited States, Florida, Georgia, Maryland, Virginia, District of Columbia
Customer segmentsIndustrial Tenants, Residential Tenants, Mining Corporations, Retail Businesses
Business modelLeasing and Property Management, Asset Development, Royalty-based Income
SuppliersLand acquisition, Construction materials, Architectural and engineering services, Municipal zoning and entitlement authorities
CustomersResidential apartment renters, Industrial logistics providers, Aggregate and construction material miners, Retail storefront operators
Listed1986
Employees15.0
CEOJohn D. Baker
Websitefrpdev.com
FilingsSEC EDGAR

Questions, answered.

What is FRP Holdings's market cap?
FRP Holdings (FRPH) has a market capitalization of $463.3M and trades on NASDAQ.
What is FRP Holdings's revenue and profitability?
FRP Holdings generated $43.1M in trailing twelve-month revenue with net income of $933.0K, representing a net margin of 2.2%. Gross margin stands at 74.0%, with free cash flow of -$26.6M. These figures are based on the Q1 2026 filing.
Who are FRP Holdings's competitors?
FRP Holdings's key competitors include Prologis, Inc., AvalonBay Communities, Inc., Martin Marietta Materials, Inc., and others. These companies compete in similar markets and product categories.
Who does FRP Holdings partner with?
FRP Holdings's notable partners include Vulcan Materials Company, BBX Capital.
What subsidiaries does FRP Holdings have?
FRP Holdings's subsidiaries include FRP Development Corp., Florida Rock Properties, Inc., Altman Logistics Properties, LLC.
Where is FRP Holdings headquartered?
FRP Holdings is headquartered in United States of America and employs approximately 15 people. It has been publicly traded since 1986.