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FRP Holdings, Inc. (FRPH) stock

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NASDAQ: FRPH Nasdaq Diversified REITs Next results ~November 4, 2026

C Fundamentals grade

FRP Holdings, Inc. is a US-listed company in the diversified REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$12

Funds-from-operations model

Base case. Range ~$9.8–$14. Funds from operations growing 2.5% a year, discounted at 8%.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

FRP Holdings, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 2 selling10 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds52 adding, 41 cuttingOf 13 active managers that changed their stake, 5 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter FRP Holdings files

Where FRP stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $43m, up 2.5% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin fell to -95.1% from -49.1% a year earlier. Operating margin narrowed to 11.6% from 23.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 0 of our 5 financial-health checks. Our funds-from-operations model value is $11.72 a share.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

FRP Holdings, Inc.'s trailing-twelve-month revenue grew 2.5% year on year, with a free-cash-flow margin of -95.1%. Where it stands out: long-term debt as % of assets of 28.2% ranks 2 of 10 diversified reits companies we cover. Where it lags: operating margin of 11.6% ranks 5 of 6 diversified reits companies we cover.

Current signal Capital expenditure surging: TTM capex grew 48% year over year and now absorbs 160.2% of revenue.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in FRP Holdings, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Margins narrowing. Operating margin is down 12.0 points on a year ago.
  • Burning cash. Free cash flow was -95.1% of revenue over the last 12 months.
  • High debt. Long-term debt exceeds cash by $0.1bn, more than 1.5 times annual revenue.
  • High earnings multiple. The shares trade at 3739 times the last 12 months' earnings, so expectations are demanding.
  • Weak cash conversion. Free cash flow was -42951% of net income over the last 12 months.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.06 against an average estimate of $0.05: beat by 10.0%
Revenue
$11m, up 2.1% on a year earlier
Share reaction
-2.8% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 4, 2026

FRP Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.6%
  • 1 week-0.5%
  • 1 month-7.0%
  • This year-17.2%
  • 1 year-20.4%
  • 5 years-35.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$43.4M
Operating margin
11.6%
Net margin
0.2%
EPS (TTM, diluted)
$0.01

Growth

Revenue growth
+2.5%
Change in growth rate
−0.4 pts
Share count change
+0.1%

Cash

Free cash flow (TTM)
-$41.2M
FCF margin
-95.1%
Stock pay % of revenue
4.9%

Earnings

Last results
August 4, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

FRP Holdings, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value FRP Holdings, Inc. as an equity reit, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.6 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$12 ~$9.8–$14 Primary model, counts double
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$0.2 ~$5.3–$11 Left out: out of range vs price (0.01x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. — Does not apply: pays no regular dividend
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$12 ~$9.8–$14 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare FRP Holdings, Inc. with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$15.54$22.12$23.00$24.91$22.77$28.90$26.93$31.44$30.63$22.79$18.86
Market value$307282$444270$464931$494m$438m$543m$508m$595m$581m$433m$359m
+ Net debt (− = net cash)$0$114m$66m$62m$16m$19m$3m$23m$31m$87m$114m
Enterprise value$307282$114m$67m$557m$454m$562m$511m$617m$613m$521m$473m
Multiples
Price / sales 0.0x0.0x0.0x20.8x18.6x17.4x13.6x14.3x13.9x10.1x8.3x
Price / earnings 0.0x0.0x0.0x30.6x34.4x19.3x111.3x112.2x91.0x130.1xn/m
Price / free cash flow —0.0x—13.5xn/m95.1x—27.3x———
EV / EBITDA 0.0x16.3x6.6x46.7x40.6x36.9x26.2x27.2x27.7x28.3x27.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

23 /100

Weak moat

How hard FRP Holdings's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.5% of total assets over 10 years.

  • Durability 6 / 20

    Operating margin has been a median 21.0%; its worst year was -2.4%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 10 years, at a median -7.4% of revenue.

  • Discipline 8 / 20

    The diluted share count rose 94311.5% over five years; stock-based pay has been a median 3.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close.

Analysts' consensus

No analyst estimates are published for FRP Holdings, Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Dec 2017 $0.05 $0.06 +10.0%
Dec 2016 $0.10 $0.12 +21.6%
Sept 2016 $0.09 $0.09 +4.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026

No numeric guidance in FRP Holdings, Inc.'s latest earnings release (filed August 4, 2026). Some companies give their outlook only on the earnings call.

Positioning

Short interest
4.3%
of tradable shares
Days to cover
6.29
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
48%
of shares
Held by insiders
40.1%
of shares
Employees
25
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −20.4%

$23.70 on October 31, 2025 to $18.86

ThenNowEffect
Revenue (last 12 months) $42m $43m +2.5%
Net margin 12.6% 0.2% −98.2%
P/E multiple 84.5x n/m +4322.9%
Share count 19m 19m −0.1%

Biggest factor: net margin.

Last 3 years −31.4%

$27.48 on November 3, 2023 to $18.86

ThenNowEffect
Revenue (last 12 months) $40m $43m +8.5%
Net margin 11.0% 0.2% −98.0%
P/E multiple 118.0x n/m +3067.9%
Share count 19m 19m −0.7%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FRPH+27%−7%+17%−3%−26%−17%
Industry peers (median)+34%−30%−1%−1%−4%−5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FRPH58%42%50%50%17%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FRPH−15%−15%−13%−14%−29%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 54% from August 2, 2018 to March 16, 2020. Getting back needed a 117% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$18.59 – $25.56
From 52-week high
−26.2%
vs 50-day average
−8.8%
vs 200-day average
−15.8%
Volatility (1 year)
25%
Beta vs S&P 500
0.27

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±2.7%
After a week
7 up, 5 down
typical move ±3.2%
After a month
5 up, 7 down
typical move ±3.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −2.8% +1.6% −2.0% −1.8%
May 12, 2026 −3.4% +0.4% +1.8% +6.8%
April 10, 2026 −1.4% +0.9% −1.8% −2.4%
November 5, 2025 −1.6% −0.7% +2.6% −0.3%
August 6, 2025 −6.3% +0.7% +0.8% −3.6%
May 12, 2025 −2.7% +4.0% −1.6% 0.0%
March 5, 2025 −3.6% −0.7% −7.6% −9.0%
November 6, 2024 +1.3% +3.3% +1.6% +5.4%
August 7, 2024 +4.7% +1.6% +2.2% +0.6%
May 9, 2024 −1.2% +0.7% −3.2% −3.5%
March 6, 2024 +1.9% +1.5% +3.8% +0.9%
November 8, 2023 +1.3% −0.7% +8.8% +8.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

FRP Holdings, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) FRP Holdings, Inc.
$41M $42M $43M $44M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $41.3M Revenue (TTM), FY23 Q4: $41.5M Revenue (TTM), FY24 Q1: $41.5M Revenue (TTM), FY24 Q2: $41.3M Revenue (TTM), FY24 Q3: $41.3M Revenue (TTM), FY24 Q4: $41.8M Revenue (TTM), FY25 Q1: $41.9M Revenue (TTM), FY25 Q2: $42.3M Revenue (TTM), FY25 Q3: $42.5M Revenue (TTM), FY25 Q4: $42.8M Revenue (TTM), FY26 Q1: $43.1M Revenue (TTM), FY26 Q2: $43.4M $43.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $41.3M
FY23 Q4 $41.5M
FY24 Q1 $41.5M
FY24 Q2 $41.3M
FY24 Q3 $41.3M
FY24 Q4 $41.8M
FY25 Q1 $41.9M
FY25 Q2 $42.3M
FY25 Q3 $42.5M
FY25 Q4 $42.8M
FY26 Q1 $43.1M
FY26 Q2 $43.4M
Revenue growth, TTM YoY FRP Holdings, Inc.
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 14.5% Revenue growth, TTM YoY, FY23 Q4: 10.7% Revenue growth, TTM YoY, FY24 Q1: 6.8% Revenue growth, TTM YoY, FY24 Q2: 3.4% Revenue growth, TTM YoY, FY24 Q3: 0.2% Revenue growth, TTM YoY, FY24 Q4: 0.6% Revenue growth, TTM YoY, FY25 Q1: 1.0% Revenue growth, TTM YoY, FY25 Q2: 2.5% Revenue growth, TTM YoY, FY25 Q3: 2.7% Revenue growth, TTM YoY, FY25 Q4: 2.6% Revenue growth, TTM YoY, FY26 Q1: 2.8% Revenue growth, TTM YoY, FY26 Q2: 2.5% 2.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 14.5%
FY23 Q4 10.7%
FY24 Q1 6.8%
FY24 Q2 3.4%
FY24 Q3 0.2%
FY24 Q4 0.6%
FY25 Q1 1.0%
FY25 Q2 2.5%
FY25 Q3 2.7%
FY25 Q4 2.6%
FY26 Q1 2.8%
FY26 Q2 2.5%
Operating margin (TTM) FRP Holdings, Inc.
10% 15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 27.2% Operating margin (TTM), FY23 Q4: 28.2% Operating margin (TTM), FY24 Q1: 28.2% Operating margin (TTM), FY24 Q2: 28.5% Operating margin (TTM), FY24 Q3: 28.9% Operating margin (TTM), FY24 Q4: 28.0% Operating margin (TTM), FY25 Q1: 26.6% Operating margin (TTM), FY25 Q2: 23.6% Operating margin (TTM), FY25 Q3: 19.5% Operating margin (TTM), FY25 Q4: 16.4% Operating margin (TTM), FY26 Q1: 12.1% Operating margin (TTM), FY26 Q2: 11.6% 11.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 27.2%
FY23 Q4 28.2%
FY24 Q1 28.2%
FY24 Q2 28.5%
FY24 Q3 28.9%
FY24 Q4 28.0%
FY25 Q1 26.6%
FY25 Q2 23.6%
FY25 Q3 19.5%
FY25 Q4 16.4%
FY26 Q1 12.1%
FY26 Q2 11.6%
FCF margin (TTM) FRP Holdings, Inc.
-100% -50% 0% 50% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 57.6% FCF margin (TTM), FY23 Q4: 52.4% FCF margin (TTM), FY24 Q1: 36.1% FCF margin (TTM), FY24 Q2: 33.0% FCF margin (TTM), FY24 Q3: -48.4% FCF margin (TTM), FY24 Q4: -53.2% FCF margin (TTM), FY25 Q1: -41.7% FCF margin (TTM), FY25 Q2: -49.1% FCF margin (TTM), FY25 Q3: -22.2% FCF margin (TTM), FY25 Q4: -50.1% FCF margin (TTM), FY26 Q1: -61.7% FCF margin (TTM), FY26 Q2: -95.1% -95.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 57.6%
FY23 Q4 52.4%
FY24 Q1 36.1%
FY24 Q2 33.0%
FY24 Q3 -48.4%
FY24 Q4 -53.2%
FY25 Q1 -41.7%
FY25 Q2 -49.1%
FY25 Q3 -22.2%
FY25 Q4 -50.1%
FY26 Q1 -61.7%
FY26 Q2 -95.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A, 10-QT. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar FRP Holdings took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $42.8M
  2. Selling, general and admin $10.7M · 24.9%
  3. Other operating costs $25.2M · 58.7%
  4. Operating income $7M · 16.4%
  5. Income tax $818,000 · 1.9%
  6. Interest and other $2.9M · 6.7%
  7. Net income $3.3M · 7.8%

Shares of revenue. Source: FRP Holdings's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 115 111 120 128 28 31 35 37 16 22 24 24 31 37 42 42 43 43
Gross profit — — — — 9 10 12 16 — — — — — — — — — —
EBITDA 30 26 27 27 27 12 20 25 7 10 12 11 15 19 23 22 18 17
Operating income 16 15 14 14 20 5 12 16 1 2 6 5 2 8 12 12 7 5
Net income 4 7 12 8 15 10 8 12 42 124 16 13 28 5 5 6 3 0
Diluted EPS $0.20 $0.39 $0.65 $0.41 $0.80 $0.52 $0.42 $0.61 $2.08 $6.16 $0.81 $0.66 $1.50 $0.24 $0.28 $0.34 $0.18 $0.01
Growth (year on year)
Revenue — −2.8% +7.9% +6.2% −78.3% +12.0% +11.8% +8.1% −58.3% +41.1% +7.9% −0.7% +32.4% +20.1% +10.7% +0.6% +2.6% +2.5%
EBITDA — −12.0% +2.2% +1.9% −1.5% −54.9% +63.9% +25.1% −71.5% +44.9% +17.1% −6.1% +36.1% +27.8% +16.5% −2.6% −16.7% −18.7%
Operating income — −10.1% −0.9% −1.9% +44.9% −74.6% +135.0% +34.5% −93.6% +88.5% +193.4% −10.8% −55.7% +251.6% +46.3% +0.0% −40.0% −49.7%
Net income — +96.4% +65.7% −36.1% +97.0% −34.9% −17.4% +45.4% +247.2% +198.1% −87.0% −21.4% +121.9% −83.8% +16.1% +20.4% −47.8% −98.2%
Diluted EPS — +95.0% +65.4% −36.4% +95.1% −35.6% −18.4% +45.2% +241.0% +196.2% −86.8% −19.0% +127.3% −84.0% +16.7% +21.4% −47.1% −98.2%
Margins
Gross margin — — — — 33.7% 31.4% 35.2% 43.7% — — — — — — — — — —
EBITDA margin 25.8% 23.4% 22.1% 21.2% 96.5% 38.8% 56.9% 65.9% 45.0% 46.2% 50.2% 47.4% 48.8% 51.9% 54.6% 52.9% 43.0% 39.0%
Operating margin 14.1% 13.0% 12.0% 11.1% 73.9% 16.7% 35.2% 43.7% 6.7% 8.9% 24.2% 21.8% 7.3% 21.3% 28.2% 28.0% 16.4% 11.6%
Net margin 3.3% 6.6% 10.2% 6.1% 55.6% 32.3% 23.9% 32.1% 267.6% 565.2% 68.1% 53.9% 90.4% 12.2% 12.8% 15.3% 7.8% 0.2%
Free-cash-flow margin 18.9% 6.1% 11.5% 7.9% 14.3% 13.1% 31.0% −21.5% 113.9% −202.0% 154.0% 4.5% 18.3% −14.1% 52.4% −53.2% −50.1% −95.1%
Cash flow
Cash from operations 25 13 21 20 27 23 17 19 21 −37 47 19 22 22 33 29 30 28
Capital spending 3 7 7 10 23 19 6 28 3 7 10 18 17 28 11 51 51 69
Free cash flow 22 7 14 10 4 4 11 −8 18 −44 37 1 6 −5 22 −22 −21 −41
Stock-based pay 1 0 0 0 0 0 0 0 0 1 0 0 1 2 2 2 2 2
Free cash flow after stock pay 21 6 13 10 4 4 10 −8 17 −45 36 1 5 −7 20 −24 −24 −43
Balance sheet
Cash — — — — — — — — 5 23 27 74 162 177 158 149 105 101
Total debt 0 72 67 62 50 56 49 42 118 89 89 90 180 180 180 180 193 215
Net debt (negative = net cash) — — — — — — — — 114 66 62 16 19 3 23 31 87 114
Diluted shares — — — — — — — — — — 20m 19m 19m 19m 19m 19m 19m 19m
Returned to shareholders
Buybacks 0 0 1 0 0 0 0 0 0 6 8 21 0 0 2 0 0 —
Total returned 0 0 1 0 0 0 0 0 0 6 8 21 0 0 2 0 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 5 checks passed · June 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $101m of cash against $215m of debt.
  • Debt below 40% of shareholders' equity Debt is 50% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 45% to 50% over five years.
  • A year's operating cash flow covers at least 20% of debt $28m of operating cash flow against $215m of debt.
  • Operating profit covers interest at least five times over Operating income of $5m against $3m of interest.

From FRP Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$2.5M
Diluted share count
+0.1%
year over year

Competitors: side by side with peers

Closest by revenue in diversified reits
Last 12 months unless stated FRPH BEEP NXDT CMCT SQFT XRN Median
Revenue, last 12 months $43m $35m $78m $114m $16m $153m $170m
Revenue growth, last 12 months 2.5% −4.1% −20.5% −3.6% −11.9% 8.0% 2.5%
Revenue growth, 3-year average 2.8% 5.2% −2.4% 0.4% −3.2% 2.1% 2.4%
Revenue growth, latest quarter 2.1% −1.1% −8.1% −0.0% −12.9% 4.7% 4.7%
Operating margin 11.6% −14.9% −1.6% — 63.0% — 31.3%
Operating margin, 3-year average 21.2% — 4.4% — 64.3% — 21.6%
Net margin 0.2% −67.2% −94.2% −37.0% −54.3% 32.0% 0.2%
Cash from operations / revenue 65.2% 2.2% −4.0% −13.6% 9.2% 49.0% 38.5%
Free-cash-flow margin −95.1% −24.5% −24.9% −13.6% −17.9% 19.7% 5.6%
Free-cash-flow margin, 3-year average −37.0% −25.3% −23.8% 0.5% −23.2% 20.1% 1.2%
Stock pay / revenue 4.9% 9.4% 6.0% 0.2% 6.2% 3.4% 3.4%
Change in share count 0.1% 5.1% 20.8% −0.9% 4.0% 0.5% 0.5%

Median of all 15 companies we cover in diversified reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

15 diversified reits companies
Measure Company Peer median Rank
Revenue growth Growth 2.5% 2.5% 8 of 15
Change in growth rate Growth -0.4pp +1.0pp 12 of 15
Operating margin Profitability 11.6% 37.5% 5 of 6
Net margin Profitability 0.2% 0.2% 8 of 15
Stock pay as % of revenue Cash generation 4.9% 3.4% 8 of 13
Long-term debt as % of assets Balance sheet 28.2% 52.8% 2 of 10
Change in share count Balance sheet 0.1% 1.5% 5 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Multifamily $21.9M 51.0% ▼ 1.1%
Mining Properties $14.4M 33.6% ▲ 11.9%
Industrial Commercial $5.2M 12.0% ▼ 8.4%
Development $1.5M 3.4% ▲ 21.5%

From FRP Holdings, Inc.'s 10-K filed April 15, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$230M
Institutions reporting
108
Shares held vs prior quarter
▲ 3.1%
Positions opened / closed
12 / 11

Top buyers and sellers, Q2 2026: 52 institutions bought and 41 sold ; the biggest buyer was Morgan Stanley (+134K shares) and the biggest seller Qube Research & Technologies Ltd (−54K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Hightower Advisors, LLC $48.3M 1.9M 21.0% ▲ 0.2%
Blackrock, Inc. $27.7M 1.1M 12.1% ▲ 4.6%
Dimensional Fund Advisors LP $27.5M 1.1M 12.0% ▼ 3.3%
Vanguard Capital Management LLC $13M 519K 5.6% ▲ 1.8%
Geode Capital Management, LLC $8.1M 322K 3.5% ▲ 12.2%
State Street Corp $7.8M 314K 3.4% ▲ 5.9%
Morgan Stanley $7.2M 290K 3.2% ▲ 86.5%
Royce & Associates LP $7.1M 285K 3.1% ▲ 0.3%
Sprott Inc. $7.1M 284K 3.1% 0.0%
Northern Trust Corp $5.6M 223K 2.4% ▲ 139.1%
Scs Capital Management LLC $5.1M 206K 2.2% 0.0%
Intrepid Capital Management Inc $4.4M 176K 1.9% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not FRP Holdings, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $10.7M 10 trades by 3 insiders, last 12 months Insider sales History → $278,355 4 trades by 2 insiders · 0% under pre-set plans
Net ▲ $10.4M net buying
Insider Date Trade Shares Price Value
Baker John D Ii Director August 18, 2026 Buy pre-set plan 8,189 $21.97 $179,912
Baker John D Ii Director August 17, 2026 Buy pre-set plan 957 $21.97 $21,025
Baker John D. Iii CEO August 7, 2026 Buy pre-set plan 6,800 $21.91 $148,988
Baker John D Ii Director March 23, 2026 Buy 478,468 $20.90 $10M
Devilliers David H Jr Sr. Advisor to Pres. & COO January 1, 2026 Sell 4,060 $22.75 $92,365
Devilliers David H Iii President & COO December 31, 2025 Sell 4,589 $22.75 $104,400
Devilliers David H Iii President & COO December 11, 2025 Sell 1,500 $23.42 $35,130
Devilliers David H Jr Sr. Advisor to Pres. & COO November 21, 2025 Sell 2,000 $23.23 $46,460
Mcnulty Matthew C. CFO November 13, 2025 Buy 1,000 $23.94 $23,940
Baker John D Ii Director November 13, 2025 Buy 854 $23.85 $20,368
Baker John D Ii Director November 12, 2025 Buy 7,175 $23.85 $171,124
Mcnulty Matthew C. CFO November 12, 2025 Buy 1,000 $23.84 $23,840

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 12, 2026
  • April 10, 2026
  • November 5, 2025
  • August 6, 2025
  • May 12, 2025

Recent SEC filings

Data status

When each part of this page on FRP Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

FRP Holdings, Inc. in brief

What does FRP Holdings, Inc. do?
FRP Holdings, Inc. is a US-listed company in the diversified REITs industry. Its financial year ends in December.
What is FRP Holdings, Inc.'s stock ticker?
FRP Holdings, Inc. trades under the ticker FRPH on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is FRP Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, FRP Holdings, Inc. reported revenue of $43.4M, 2.5% higher than a year earlier, according to its SEC filings.
What is FRP Holdings, Inc.'s free cash flow?
FRP Holdings, Inc.'s free-cash-flow margin is -95.1% of revenue over the trailing twelve months.
Who are FRP Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Hightower Advisors, LLC, Blackrock, Inc. and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is FRP Holdings, Inc.'s market cap?
On November 2, 2026, FRP Holdings, Inc.'s market capitalisation was about $359M, with a price-to-earnings ratio of 3738.8 and net debt of $114M. Market figures come from third-party market data and may be delayed.
How much debt does FRP Holdings, Inc. have?
FRP Holdings, Inc.'s debt-to-equity ratio is 50.0%, from its latest balance sheet (45.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are FRP Holdings, Inc.'s competitors?
In our Diversified REITs peer group, the companies closest to FRP Holdings, Inc. are Mobile Infrastructure Corp, Nexpoint Diversified Real Estate Trust, Creative Media & Community Trust Corp, Presidio Property Trust, Inc. and Chiron Real Estate Inc. The side-by-side comparison below sets their revenue, margins and growth against FRP Holdings, Inc.'s.
Are insiders buying or selling FRP Holdings, Inc. stock?
Over the last 12 months, FRP Holdings, Inc.'s directors and officers reported 10 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is FRP Holdings, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — FRP Holdings, Inc. announces its own schedule.