What is FRP Holdings's multifamily — property taxes?

FRP Holdings (FRPH) reported multifamily — property taxes of $610K in Q1 2026.

How has FRP Holdings's multifamily — property taxes changed year-over-year?

FRP Holdings's multifamily — property taxes decreased by 3.9% year-over-year, from $635K to $610K.

What does multifamily — property taxes mean?

This represents the mandatory tax obligations levied on the multifamily real estate holdings by local and state jurisdictions. As a significant fixed cost, it directly impacts the net operating income and overall profitability of the residential segment.

FRP Holdings FRPH Multifamily — Property taxes

Other segment segments

Development

$213K+43.9%

Industrial and commercial

$127K+58.8%

Mining royalty lands

$75K0.0%

Similar metrics at other companies

AATMultifamily — Real estate taxes

$2.22M+16.5%

CSRMultifamily — Real estate taxes

$7.14M+6.1%

AATMultifamily — Property Expenses

$8.17M+12.6%

TCIMultifamily Segment — Insurance Tax

$3.11M+22.8%

BFS

BFSProperty taxes

$8.46M+6.0%

TRCMultifamily — Multifamily expenses

$1.02M+433%

Other financials

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

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Market cap$468.9M-8.2%

Enterprise value$564.96M+3.6%

P/E502.6×+427×

P/S10.9×-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

See full

Return on equity0.2%-1.4pp

Debt / equity0.5×+0.1×

Where this comes from

Reported directly by FRP Holdings in its filing.

Tagged under the XBRL concept us-gaap:RealEstateTaxExpense.

The official record: FRP Holdings’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FRP Holdings's multifamily — property taxes?: FRP Holdings (FRPH) reported multifamily — property taxes of $610K in Q1 2026.
How has FRP Holdings's multifamily — property taxes changed year-over-year?: FRP Holdings's multifamily — property taxes decreased by 3.9% year-over-year, from $635K to $610K.
What does multifamily — property taxes mean?: This represents the mandatory tax obligations levied on the multifamily real estate holdings by local and state jurisdictions. As a significant fixed cost, it directly impacts the net operating income and overall profitability of the residential segment.