NASDAQ : FRPH
FRP Holdings, Inc. — Financial statements
Real Estate · Real Estate Services · United States
Last price 18.94 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 363.62M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 27.48M | 28.25M | 28.92M | 28.98M | 26.80M | 21.75M |
| Property Management Fees | 572.00K | 214.00K | ||||
| Other Revenue | 5.59M | 5.28M | 1.49M | 590.00K | 4.96M | 3.71M |
| Total Revenue | 33.64M | 33.74M | 30.41M | 29.57M | 31.76M | 25.47M |
| Property Expenses | 12.33M | 11.82M | 10.61M | 11.01M | 11.19M | 16.21M |
| Selling, General & Administrative | 12.84M | 10.53M | 9.28M | 7.97M | 7.08M | |
| Depreciation & Amortization | 11.39M | 10.96M | 10.19M | 10.82M | 11.22M | 12.74M |
| Total Operating Expenses | 36.56M | 33.31M | 30.07M | 29.81M | 29.48M | 28.95M |
| Operating Income | -2.92M | 428.00K | 345.00K | -237.00K | 2.27M | -3.48M |
| Interest Expense | -2.86M | -2.97M | -3.15M | -4.32M | -3.04M | -2.30M |
| Interest & Investment Income | 6.84M | 8.82M | 11.11M | 10.90M | 5.47M | 4.21M |
| EBT Excluding Unusual Items | 1.06M | 6.29M | 8.31M | 6.34M | 4.70M | -1.57M |
| Merger & Restructuring Charges | -1.79M | -2.50M | ||||
| Gain (Loss) on Sale of Investments | 51.14M | |||||
| Gain (Loss) on Sale of Assets | 182.00K | 53.00K | 874.00K | 805.00K | ||
| Pretax Income | -729.00K | 3.78M | 8.49M | 6.40M | 5.58M | 50.38M |
| Income Tax Expense | -168.00K | 818.00K | 2.03M | 1.52M | 1.53M | 10.28M |
| Earnings From Continuing Operations | -561.00K | 2.96M | 6.46M | 4.88M | 4.05M | 40.09M |
| Net Income to Company | -561.00K | 2.96M | 6.46M | 4.88M | 4.05M | 40.09M |
| Minority Interest in Earnings | 657.00K | 368.00K | -75.00K | 420.00K | 518.00K | -11.88M |
| Net Income | 96.00K | 3.33M | 6.38M | 5.30M | 4.57M | 28.21M |
| Net Income to Common | 96.00K | 3.33M | 6.38M | 5.30M | 4.57M | 28.21M |
| Basic Shares Outstanding | 19.00M | 18.97M | 18.88M | 18.84M | 18.77M | 18.71M |
| Diluted Shares Outstanding | 19.03M | 19.02M | 18.97M | 18.92M | 18.87M | 18.79M |
| EPS (Basic) | 0.01 | 0.18 | 0.34 | 0.28 | 0.24 | 1.51 |
| EPS (Diluted) | 0.01 | 0.18 | 0.34 | 0.28 | 0.24 | 1.50 |
| Operating Margin | -8.68% | 1.27% | 1.13% | -0.80% | 7.16% | -13.66% |
| Profit Margin | 0.29% | 9.87% | 20.99% | 17.93% | 14.37% | 110.80% |
| EBITDA | 8.97M | 11.80M | 10.73M | 10.74M | 13.74M | 9.47M |
| EBITDA Margin | 26.67% | 34.98% | 35.30% | 36.31% | 43.25% | 37.17% |
| D&A For Ebitda | 11.89M | 11.38M | 10.39M | 10.97M | 11.46M | 12.95M |
| EBIT | -2.92M | 428.00K | 345.00K | -237.00K | 2.27M | -3.48M |
| EBIT Margin | -8.68% | 1.27% | 1.13% | -0.80% | 7.16% | -13.66% |
| Effective Tax Rate | 21.64% | 23.90% | 23.70% | 27.43% | 20.41% | |
| Revenue as Reported | 43.37M | 42.85M | 41.77M | 41.51M | 37.48M | 31.22M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 487.67M | 461.17M | 419.16M | 377.98M | 377.34M | 360.39M |
| Cash & Equivalents | 89.41M | 93.97M | 148.62M | 157.56M | 177.50M | 161.52M |
| Accounts Receivable | 1.94M | 1.87M | 1.35M | 1.05M | 1.17M | 793.00K |
| Other Receivables | 1.35M | 1.07M | 337.00K | 1.10M | ||
| Investment In Debt and Equity Securities | 4.32M | |||||
| Goodwill | 6.89M | 6.89M | ||||
| Restricted Cash | 11.57M | 11.39M | 1.31M | 860.00K | 797.00K | 752.00K |
| Deferred Long-Term Charges | 3.08M | 3.77M | 2.14M | 3.09M | 2.34M | 2.73M |
| Other Long-Term Assets | 160.40M | 155.01M | 155.90M | 168.29M | 141.94M | 146.59M |
| Total Assets | 762.31M | 735.14M | 728.49M | 709.17M | 701.08M | 678.19M |
| Long-Term Debt | 214.62M | 192.55M | 178.85M | 178.71M | 178.56M | 178.41M |
| Accounts Payable | 17.78M | 12.15M | 6.03M | 8.33M | 5.97M | 6.14M |
| Current Income Taxes Payable | 611.00K | 18.00K | ||||
| Long-Term Unearned Revenue | 3.46M | 3.36M | 2.44M | 925.00K | 259.00K | 369.00K |
| Long-Term Deferred Tax Liabilities | 66.90M | 66.90M | 67.69M | 69.46M | 67.96M | 64.05M |
| Other Long-Term Liabilities | 4.72M | 4.53M | 3.76M | 3.77M | 4.11M | 3.98M |
| Total Liabilities | 307.49M | 279.49M | 259.37M | 261.19M | 256.87M | 252.94M |
| Common Stock | 1.92M | 1.91M | 1.91M | 1.90M | 946.00K | 941.00K |
| Additional Paid-In Capital | 72.74M | 71.37M | 68.88M | 66.71M | 65.16M | 57.62M |
| Retained Earnings | 354.26M | 355.21M | 352.27M | 345.88M | 342.32M | 337.75M |
| Comprehensive Income & Other | 26.00K | 24.00K | 55.00K | 35.00K | -1.28M | 113.00K |
| Total Common Equity | 428.95M | 428.51M | 423.10M | 414.52M | 407.14M | 396.42M |
| Minority Interest | 25.88M | 27.14M | 46.01M | 33.46M | 37.07M | 28.83M |
| Shareholders' Equity | 454.83M | 455.66M | 469.11M | 447.98M | 444.21M | 425.25M |
| Total Liabilities & Equity | 762.31M | 735.14M | 728.49M | 709.17M | 701.08M | 678.19M |
| Total Debt | 214.62M | 192.55M | 178.85M | 178.71M | 178.56M | 178.41M |
| Net Cash (Debt) | -125.21M | -98.59M | -30.23M | -21.15M | -1.06M | -16.89M |
| Net Cash Per Share | -6.58 | -5.18 | -1.59 | -1.12 | -0.06 | -0.90 |
| Filing Date Shares Outstanding | 19.20M | 19.11M | 19.09M | 19.00M | 18.97M | 18.86M |
| Total Common Shares Outstanding | 19.20M | 19.11M | 19.05M | 18.97M | 18.92M | 18.82M |
| Book Value Per Share | 22.34 | 22.42 | 22.21 | 21.85 | 21.52 | 21.06 |
| Tangible Book Value | 422.05M | 421.62M | 423.10M | 414.52M | 407.14M | 396.42M |
| Tangible Book Value Per Share | 21.98 | 22.06 | 22.21 | 21.85 | 21.52 | 21.06 |
| Land | 182.86M | 182.94M | 168.94M | 141.60M | 141.58M | 123.40M |
| Buildings | 310.34M | 309.13M | 283.42M | 282.63M | 270.58M | 265.28M |
| Construction In Progress | 75.89M | 45.03M | 32.77M | 10.85M | 12.21M | 8.67M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 96.00K | 3.33M | 6.38M | 5.30M | 4.57M | 28.21M |
| Depreciation & Amortization | 11.89M | 11.38M | 10.39M | 10.97M | 11.46M | 12.95M |
| Gain (Loss) on Sale of Assets | -15.00K | -16.00K | -209.00K | -14.00K | -904.00K | -880.00K |
| Gain (Loss) on Sale of Investments | -51.14M | |||||
| Stock-Based Compensation | 2.14M | 2.09M | 1.96M | 1.74M | 1.57M | 1.11M |
| Income (Loss) on Equity Investments | 9.73M | 9.11M | 11.36M | 11.94M | 5.72M | 5.75M |
| Change in Accounts Receivable | 100.00K | -65.00K | -306.00K | 120.00K | -373.00K | 837.00K |
| Change in Accounts Payable | 6.83M | 6.95M | -795.00K | 3.03M | -276.00K | 1.89M |
| Change in Other Net Operating Assets | -521.00K | -254.00K | 950.00K | -836.00K | -1.84M | 172.00K |
| Other Operating Activities | -1.41M | -1.16M | -1.69M | 1.08M | 1.29M | 19.82M |
| Operating Cash Flow | 28.26M | 29.68M | 28.99M | 32.97M | 22.34M | 22.24M |
| Acquisition of Real Estate Assets | -69.50M | -51.14M | -51.19M | -11.22M | -27.61M | -16.53M |
| Sale of Real Estate Assets | 20.00K | 16.00K | 224.00K | 16.00K | 955.00K | 939.00K |
| Net Sale / Acq. of Real Estate Assets | -69.47M | -51.12M | -50.97M | -11.20M | -26.66M | -15.59M |
| Cash Acquisition | -23.51M | -23.51M | 3.70M | |||
| Investment in Marketable & Equity Securities | -19.49M | 964.00K | 804.00K | -37.48M | 3.51M | 78.71M |
| Other Investing Activities | -45.00K | -220.00K | ||||
| Investing Cash Flow | -112.48M | -73.67M | -50.17M | -48.68M | -23.20M | 66.60M |
| Long-Term Debt Issued | 13.89M | 92.07M | ||||
| Total Debt Issued | 33.53M | 13.89M | 92.07M | |||
| Long-Term Debt Repaid | -90.00M | |||||
| Total Debt Repaid | -90.00M | |||||
| Net Debt Issued (Repaid) | 33.53M | 13.89M | 2.07M | |||
| Issuance of Common Stock | 231.00K | 231.00K | 221.00K | 1.02M | 412.00K | 269.00K |
| Repurchase of Common Stock | -464.00K | -464.00K | -2.00M | -264.00K | ||
| Other Financing Activities | -2.53M | -14.24M | 12.48M | -3.19M | 16.42M | -3.31M |
| Net Cash Flow | -53.46M | -44.57M | -8.48M | -19.88M | 15.98M | 87.61M |
| Levered Free Cash Flow | 10.23M | 5.72M | 8.47M | 11.93M | 13.09M | 16.04M |
| Unlevered Free Cash Flow | 12.01M | 7.57M | 10.44M | 14.63M | 14.99M | 17.48M |
| Cash Interest Paid | 2.62M | 2.73M | 2.97M | 4.17M | 2.89M | 2.15M |
| Cash Income Tax Paid | 1.16M | 3.24M | 2.79M | 927.00K | -1.76M | -1.23M |
| Change in Working Capital | 5.83M | 4.95M | 797.00K | 1.96M | -1.37M | 6.42M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 362.85M | 435.64M | 582.90M | 595.92M | 509.25M | 543.96M |
| Enterprise Value | 488.06M | 520.61M | 663.26M | 642.76M | 569.44M | 589.39M |
| Last Close Price | 18.75 | 22.79 | 30.63 | 31.44 | 26.93 | 28.90 |
| PE Ratio | 3,741.09 | 130.82 | 91.29 | 112.39 | 111.56 | 19.28 |
| PS Ratio | 10.83 | 12.91 | 19.16 | 20.15 | 16.03 | 21.36 |
| PB Ratio | 0.84 | 0.96 | 1.24 | 1.33 | 1.15 | 1.28 |
| P/OCF Ratio | 12.89 | 14.68 | 20.11 | 18.07 | 22.80 | 24.46 |
| EV/Sales Ratio | 14.55 | 15.43 | 21.81 | 21.74 | 17.93 | 23.14 |
| EV/EBITDA Ratio | 54.55 | 44.11 | 61.78 | 59.86 | 41.45 | 62.26 |
| EV/EBIT Ratio | 1,216.37 | 1,922.48 | 250.30 | |||
| Debt / Equity Ratio | 0.47 | 0.42 | 0.38 | 0.40 | 0.40 | 0.42 |
| Debt / EBITDA Ratio | 23.92 | 16.31 | 16.66 | 16.64 | 13.00 | 18.85 |
| Net Debt / Equity Ratio | 0.28 | 0.22 | 0.06 | 0.05 | 0.00 | 0.04 |
| Net Debt / EBITDA Ratio | 13.96 | 8.35 | 2.82 | 1.97 | 0.08 | 1.78 |
| Asset Turnover | 0.04 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 |
| Quick Ratio | 5.21 | 7.98 | 22.60 | 19.07 | 29.83 | 26.63 |
| Current Ratio | 5.86 | 8.92 | 22.79 | 19.18 | 29.96 | 26.75 |
| Return on Equity (ROE) | -0.12% | 0.64% | 1.41% | 1.09% | 0.93% | 9.93% |
| Return on Assets (ROA) | -0.25% | 0.04% | 0.03% | -0.02% | 0.21% | -0.36% |
| Return on Invested Capital (ROIC) | -0.44% | 0.05% | 0.04% | -0.03% | 0.27% | -0.52% |
| Earnings Yield | 0.03% | 0.76% | 1.09% | 0.89% | 0.90% | 5.19% |
| Buyback Yield / Dilution | -0.15% | -0.24% | -0.25% | -0.28% | -0.40% | 2.21% |