FRP Holdings, Inc.(FRPH)Earnings, Financials & Key Ratios

FRPH•NASDAQ•REIT / Real Estate

$21.21

$405M mkt cap·62.4× P/E·Price updated May 6, 2026

SectorReal Estate IndustryReal Estate Services Sub-IndustryReal estate owners and developers

AboutFRP Holdings, Inc. engages in the real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment owns various properties comprising approximately 15,000 acres under lease for mining rents or royalties primarily in Florida, Georgia, and Virginia. This segment also owns an additional 107 acres of investment property in Brooksville, Florida. The Development segment owns and monitors the use of parcels of land that are in various stages of development. The Stabilized Joint Venture segment owns, leases, and manages a 305-unit residential apartment building with approximately 14,430 square feet of first floor retail space; 264-unit residential apartment building with 6,758 square feet of retail space; and 294-unit garden-style apartment community located in Henrico County, Virginia that consists of 19 three-story apartment buildings containing 273,940 rentable square feet. FRP Holdings, Inc. was incorporated in 2014 and is based in Jacksonville, Florida.Show more

Revenue$42M+0.6%
FFO$17M+3.1%
FFO/Share0.88+2.8%
FFO Payout0%
FFO per Share0.88+2.8%
NOI Margin91.77%+0.6%
FFO Margin40.16%+2.4%
ROE1.39%+17.2%
ROA0.89%+18.1%
Debt/Assets24.55%-2.6%
Net Debt/EBITDA1.37+46.7%
Book Value/Share24.73+4.4%

Technical→

FRPH Key Insights

FRP Holdings, Inc. (FRPH) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High NOI margin of 91.8%
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.2%
✗Profits declining 17.0% over 5 years
✗FFO declining 13.4% TTM

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

FRPH Price & Volume

FRP Holdings, Inc. (FRPH) stock price & volume — 10-year historical chart

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FRPH Growth Metrics

FRP Holdings, Inc. (FRPH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-12.57%

5 Years11.95%

3 Years10.19%

TTM2.69%

Profit CAGR

10 Years-4.41%

5 Years-16.97%

3 Years-39.06%

TTM-38.98%

EPS CAGR

10 Years2.33%

5 Years-16.14%

3 Years-39.03%

TTM-39.14%

Return on Capital

10 Years1.91%

5 Years1.17%

3 Years1.5%

Last Year1.65%

FRPH Recent Earnings

FRP Holdings, Inc. (FRPH) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

Q2 2026Latest

Apr 10, 2026

EPS

$0.04

Revenue

$11M

Q2 2026

Mar 4, 2026

EPS

$0.09

Revenue

—

Q4 2025

Nov 5, 2025

EPS

$0.03

Revenue

$11M

Q3 2025

Aug 6, 2025

EPS

$0.03

Revenue

$11M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 10, 2026	$0.04	$11M
Q2 2026	Mar 4, 2026	$0.09	—
Q4 2025	Nov 5, 2025	$0.03	$11M
Q3 2025	Aug 6, 2025	$0.03	$11M

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
PINEAlpine Income Property Trust, Inc.Direct Competitor	278.66M	19.45	-88.41	15.9%	-0.64%	-0.14%		1.31
STRWStrawberry Fields REIT LLCDirect Competitor	169.91M	12.95	22.72	17.29%	4.83%	11.22%	20.79%	8.04
ILPTIndustrial Logistics Properties TrustDirect Competitor	496.66M	7.45	-7.45	1.48%	-11.93%	-5.93%	12.22%	4.69
GMREGlobal Medical REIT Inc.Direct Competitor	94.26M	35.74	115.29	-1.79%	1.69%	0.49%		1.18
NXRTNexPoint Residential Trust, Inc.Direct Competitor	748.15M	29.48	-23.40	-3.24%	-12.67%	-10.13%	11.17%	5.18
EGPEastGroup Properties, Inc.Product Competitor	10.77B	200.40	41.15	12.97%	39.7%	8.37%	3.76%	0.50
STAGSTAG Industrial, Inc.Product Competitor	7.28B	38.05	26.06	10.14%	28.26%	6.8%	5.52%	0.90
PLDPrologis, Inc.Product Competitor	130.26B	140.27	34.98	2.22%	36.7%	5.61%	3.77%	0.54

Compare FRPH vs Peers

FRP Holdings, Inc. (FRPH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PINE

Most directly comparable listed peer for FRPH.

Scale Benchmark

vs PLD

Larger-name benchmark to compare FRPH against a more recognizable public peer.

Peer Set

Compare Top 5

vs PINE, STRW, ILPT, GMRE

FRPH Income Statement

FRP Holdings, Inc. (FRPH) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Revenue	37.46M	43.19M	22.02M	23.76M	23.58M	31.22M	37.48M	41.51M	41.77M	42.46M
Revenue Growth %	8.11%	15.31%	-49.01%	7.87%	-0.73%	32.38%	20.05%	10.74%	0.65%	2.69%
Property Operating Expenses	4.47M	5.02M	2.63M	2.94M	2.83M	3.75M	4.13M	3.65M	3.44M	15.25M
Net Operating Income (NOI)	32.98M▲ 0%	38.17M▲ 15.7%	19.4M▼ 49.2%	20.82M▲ 7.3%	20.76M▼ 0.3%	27.47M▲ 32.3%	33.36M▲ 21.4%	37.86M▲ 13.5%	38.34M▲ 1.3%	27.21M▲ 0%
NOI Margin %	88.05%	88.37%	88.08%	87.62%	88.02%	87.99%	88.99%	91.21%	91.77%	64.09%
Operating Expenses	16.6M	24.56M	17.43M	15.06M	15.62M	25.2M	25.36M	26.16M	26.63M	18.95M
G&A Expenses	4.92M	5.41M	5.72M	5.07M	6.46M	6.24M	7.08M	7.97M	9.28M	10.18M
EBITDA	24.43M	7.02M	25.13M	11.91M	11.18M	15.22M	19.46M	22.68M	22.09M	19.09M
EBITDA Margin %	65.23%	16.25%	114.09%	50.15%	47.42%	48.75%	51.91%	54.63%	52.89%	44.96%
Depreciation & Amortization	8.05M	5.98M	23.16M	6.16M	6.05M	12.95M	11.46M	10.97M	10.39M	10.82M
D&A / Revenue %	21.49%	13.84%	105.18%	25.92%	25.65%	41.47%	30.58%	26.44%	24.87%	25.49%
Operating Income	16.38M▲ 0%	1.04M▼ 93.6%	1.96M▲ 88.5%	5.76M▲ 193.4%	5.13M▼ 10.8%	2.27M▼ 55.7%	8M▲ 251.6%	11.7M▲ 46.3%	11.7M▲ 0.0%	8.26M▲ 0%
Operating Margin %	43.74%	2.41%	8.91%	24.23%	21.77%	7.28%	21.33%	28.19%	28.02%	19.46%
Interest Expense	1.56M	2.74M	3.1M	1.05M	1.1M	2.3M	3.04M	4.32M	3.15M	2.19M
Interest Coverage	10.50x	0.38x	0.63x	5.46x	4.67x	0.99x	2.63x	2.71x	3.72x	-
Non-Operating Income	1.56M	-58.6M	-2.62M	-7.08M	-10.89M	-50.41M	-626K	987K	65K	343K
Pretax Income	19.88M▲ 0%	56.9M▲ 186.3%	1.48M▼ 97.4%	11.78M▲ 694.6%	14.93M▲ 26.7%	50.38M▲ 237.4%	5.58M▼ 88.9%	6.4M▲ 14.7%	8.49M▲ 32.7%	5.7M▲ 0%
Pretax Margin %	53.06%	131.74%	6.73%	49.6%	63.3%	161.35%	14.88%	15.41%	20.32%	13.43%
Income Tax	7.85M	7.33M	524K	2.96M	3.21M	10.28M	1.53M	1.52M	2.03M	1.19M
Effective Tax Rate %	39.5%	12.88%	35.33%	25.14%	21.48%	20.41%	27.43%	23.69%	23.9%	20.92%
Net Income	12.02M▲ 0%	41.75M▲ 247.2%	124.47M▲ 198.1%	16.18M▼ 87.0%	12.71M▼ 21.4%	28.21M▲ 121.9%	4.57M▼ 83.8%	5.3M▲ 16.1%	6.38M▲ 20.4%	4.63M▲ 0%
Net Margin %	32.1%	96.66%	565.22%	68.1%	53.92%	90.37%	12.18%	12.77%	15.28%	10.9%
Net Income Growth %	45.36%	247.22%	198.14%	-87%	-21.4%	121.9%	-83.82%	16.14%	20.43%	-38.98%
Funds From Operations (FFO)	20.07M▲ 0%	47.73M▲ 137.7%	147.63M▲ 209.3%	22.34M▼ 84.9%	18.77M▼ 16.0%	41.16M▲ 119.3%	16.03M▼ 61.1%	16.28M▲ 1.6%	16.77M▲ 3.1%	15.45M▲ 0%
FFO Margin %	53.59%	110.5%	670.4%	94.02%	79.57%	131.84%	42.76%	39.22%	40.16%	36.39%
FFO Growth %	27.02%	137.75%	209.33%	-84.87%	-15.98%	119.35%	-61.06%	1.56%	3.06%	-48.15%
FFO per Share	1.01	2.38	7.31	1.13	0.98	2.19	0.85	0.86	0.88	0.81
FFO Payout Ratio %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
EPS (Diluted)	0.61▲ 0%	2.08▲ 241.0%	6.16▲ 196.2%	0.82▼ 86.7%	0.66▼ 19.5%	1.50▲ 127.3%	0.24▼ 84.0%	0.28▲ 16.7%	0.34▲ 21.4%	0.24▲ 0%
EPS Growth %	45.24%	240.98%	196.15%	-86.69%	-19.51%	127.27%	-84%	16.67%	21.43%	-39.14%
EPS (Basic)	0.61	2.10	6.20	0.82	0.66	1.51	0.24	0.28	0.34	-
Diluted Shares Outstanding	19.82M	20.08M	20.21M	19.85M	19.22M	18.79M	18.87M	18.92M	18.97M	19.01M

FRPH Balance Sheet

FRP Holdings, Inc. (FRPH) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Assets	266.56M	418.73M	505.49M	538.15M	537.35M	678.19M	701.08M	709.17M	728.49M	731.26M
Asset Growth %	5.52%	57.09%	20.72%	6.46%	-0.15%	26.21%	3.38%	1.15%	2.72%	6.48%
Real Estate & Other Assets	14.14M	16.57M	1.23M	211.94M	-993K	363.64M	380.24M	381.66M	421.92M	448.36M
PP&E (Net)	224.25M	375.6M	213.72M	0	0	0	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K
Total Current Assets	5.27M	13.15M	201.66M	165.76M	0	169.11M	180.32M	161.44M	152.67M	139.6M
Cash & Equivalents	0	4.52M	22.55M	26.61M	74.11M	161.52M	177.5M	157.56M	148.62M	134.85M
Receivables	1000K	838K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	333K	3.43M	186K	-80.18M	752K	797K	860K	1.31M	966K
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	67.74M	154.15M	122.23M	146.5M	154.7M	252.94M	256.87M	261.19M	259.37M	269.06M
Total Debt	41M	118.32M	88.79M	88.92M	89.96M	178.41M	178.56M	178.71M	178.85M	185.34M
Net Debt	41M	113.79M	66.24M	62.32M	15.86M	16.89M	1.06M	21.15M	30.23M	50.48M
Long-Term Debt	29.55M	90.03M	88.79M	88.92M	89.96M	178.41M	178.56M	178.71M	178.85M	185.34M
Short-Term Borrowings	11.45M	125K	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities	17.2M	9.91M	3.91M	4.05M	0	7.3M	7.12M	10.13M	9.88M	13.08M
Accounts Payable	3.75M	4.37M	3.54M	2.43M	0	6.14M	5.97M	8.33M	6.03M	9.37M
Deferred Revenue	1.13M	1.07M	80K	1.12M	542K	1.16M	1.13M	1.8M	3.24M	3.71M
Other Liabilities	0	3.39M	1.52M	2.62M	-147.6M	2.82M	3.24M	2.9M	2.95M	3M
Total Equity	198.82M▲ 0%	264.58M▲ 33.1%	383.25M▲ 44.9%	391.64M▲ 2.2%	382.65M▼ 2.3%	425.25M▲ 11.1%	444.21M▲ 4.5%	447.98M▲ 0.8%	469.11M▲ 4.7%	462.2M▲ 0%
Equity Growth %	9.04%	33.08%	44.85%	2.19%	-2.3%	11.13%	4.46%	0.85%	4.72%	8.53%
Shareholders Equity	198.82M	243.53M	364.61M	374.89M	367.65M	396.42M	407.14M	414.52M	423.1M	427.72M
Minority Interest	42.83M	21.05M	18.65M	16.76M	15M	28.83M	37.07M	33.46M	46.01M	34.48M
Common Stock	991K	1M	997K	982K	936K	941K	946K	1.9M	1.91M	1.91M
Additional Paid-in Capital	52.65M	55.64M	58M	57.7M	56.28M	57.62M	65.16M	66.71M	68.88M	70.56M
Retained Earnings	145.17M	186.85M	306.31M	315.28M	309.76M	337.75M	342.32M	345.88M	352.27M	355.22M
Preferred Stock	143.49M	186.85M	0	0	0	0	0	0	0	0
Return on Assets (ROA)	4.63%	12.18%	26.94%	3.1%	2.36%	4.64%	0.66%	0.75%	0.89%	0.64%
Return on Equity (ROE)	6.31%	18.02%	38.43%	4.18%	3.28%	6.98%	1.05%	1.19%	1.39%	1%
Debt / Assets	15.38%	28.26%	17.57%	16.52%	16.74%	26.31%	25.47%	25.2%	24.55%	25.35%
Debt / Equity	0.21x	0.45x	0.23x	0.23x	0.24x	0.42x	0.40x	0.40x	0.38x	0.38x
Net Debt / EBITDA	1.68x	16.21x	2.64x	5.23x	1.42x	1.11x	0.05x	0.93x	1.37x	1.37x
Book Value per Share	10.03	13.18	18.96	19.73	19.91	22.63	23.54	23.67	24.73	24.31

FRPH Cash Flow Statement

FRP Holdings, Inc. (FRPH) cash flow — operating, investing & free cash flow history

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	19.49M	21.06M	-37.19M	47.02M	18.61M	22.24M	22.34M	32.97M	28.99M	28.99M
Operating CF Growth %	13.14%	8.05%	-276.58%	226.45%	-60.42%	19.5%	0.43%	47.6%	-12.09%	15.85%
Operating CF / Revenue %	52.03%	48.76%	-168.86%	197.94%	78.93%	71.24%	59.6%	79.44%	69.39%	68.26%
Net Income	12.02M	60.55M	123.09M	15.68M	11.72M	40.09M	4.05M	5.3M	6.46M	4.63M
Depreciation & Amortization	2.64M	14.59M	8.21M	4.75M	5.83M	12.74M	11.46M	10.82M	0	11.19M
Stock-Based Compensation	578K	713K	1.66M	232K	1.37M	1.11M	1.57M	1.74M	1.96M	2.03M
Other Non-Cash Items	578K	-58.59M	-164.51M	-6.86M	-2.67M	-46.06M	4.82M	11.66M	21.54M	7.33M
Working Capital Changes	1.77M	-4.06M	-7.64M	11.09M	-3.64M	6.42M	-1.37M	1.96M	797K	2.6M
Cash from Investing	-15.04M	-17.32M	90.94M	-33.82M	50.53M	66.6M	-23.2M	-48.75M	-50.62M	-33.47M
Acquisitions (Net)	-929K	1.6M	-71.01M	-73.53M	-12.31M	12.55M	-808K	-37.48M	804K	723K
Purchase of Investments	-929K	-693K	-446.97M	-86.26M	-24.58M	-29.97M	-49.19M	0	0	-4.32M
Sale of Investments	0	-1000K	1000K	1000K	1000K	1000K	1000K	0	0	1000K
Other Investing	14.37M	-146K	578K	8.44M	19.23M	-15.81M	-26.7M	-11.26M	-51.42M	-35.06M
Cash from Financing	-4.87M	-1.38M	-35.74M	-9.14M	-21.84M	-1.23M	16.83M	-4.17M	12.7M	-5.19M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Common Dividends	0	0	0	0	0	0	0	0	0	0
Debt Issuance (Net)	-1000K	1000K	-1000K	0	0	1000K	0	0	0	2.72M
Share Repurchases	-43K	-74K	-5.73M	-8.21M	-21.31M	-264K	0	-2M	0	0
Other Financing	1.03M	-5.8M	-28.45M	-934K	-526K	-3.04M	-11.06M	-2.17M	12.48M	-13M
Net Change in Cash	-419K▲ 0%	-308.61M▼ 73554.7%	18.02M▲ 105.8%	4.06M▼ 77.5%	47.3M▲ 1065.1%	87.61M▲ 85.2%	15.98M▼ 81.8%	-19.94M▼ 224.8%	-8.94M▲ 55.2%	-9.83M▲ 0%
Exchange Rate Effect	0	-1000K	0	0	0	0	0	0	0	0
Cash at Beginning	419K	313.14M	4.52M	22.55M	26.61M	73.91M	161.52M	177.5M	178.71M	153.17M
Cash at End	0	4.52M	22.55M	26.61M	73.91M	161.52M	177.5M	157.56M	169.77M	134.85M
Free Cash Flow	-8.06M▲ 0%	4.45M▲ 155.2%	291.61M▲ 6454.5%	48.12M▼ 83.5%	1.07M▼ 97.8%	52.21M▲ 4783.8%	71.53M▲ 37.0%	32.97M▼ 53.9%	28.99M▼ 12.1%	28.83M▲ 0%
FCF Growth %	-175.13%	155.17%	6454.48%	-83.5%	-97.78%	4783.82%	37.01%	-53.91%	-12.09%	-14.32%
FCF / Revenue %	-21.53%	10.3%	1324.17%	202.57%	4.53%	167.23%	190.85%	79.44%	69.39%	67.91%

FRPH Key Ratios

FRP Holdings, Inc. (FRPH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
FFO per Share	1.01	2.38	7.31	1.13	0.98	2.19	0.85	0.86	0.88	0.81
FFO Payout Ratio	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
NOI Margin	88.05%	88.37%	88.08%	87.62%	88.02%	87.99%	88.99%	91.21%	91.77%	64.09%
Net Debt / EBITDA	1.68x	16.21x	2.64x	5.23x	1.42x	1.11x	0.05x	0.93x	1.37x	1.37x
Debt / Assets	15.38%	28.26%	17.57%	16.52%	16.74%	26.31%	25.47%	25.2%	24.55%	25.35%
Interest Coverage	10.50x	0.38x	0.63x	5.46x	4.67x	0.99x	2.63x	2.71x	3.72x	-
Book Value / Share	10.03	13.18	18.96	19.73	19.91	22.63	23.54	23.67	24.73	24.31
Revenue Growth	8.11%	15.31%	-49.01%	7.87%	-0.73%	32.38%	20.05%	10.74%	0.65%	2.69%

FRPH SEC Filings & Documents

FRP Holdings, Inc. (FRPH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 10, 2026·SEC

Material company update

Nov 5, 2025·SEC

Material company update

Oct 21, 2025·SEC

10-K Annual Reports

FY 2026

Apr 15, 2026·SEC

FY 2025

Mar 18, 2025·SEC

FY 2024

Mar 26, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 13, 2025·SEC

FRPH Frequently Asked Questions

FRP Holdings, Inc. (FRPH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

FRP Holdings, Inc. (FRPH) reported $42.5M in revenue for fiscal year 2024. This represents a 27% decrease from $58.3M in 1995.

FRP Holdings, Inc. (FRPH) grew revenue by 0.6% over the past year. Growth has been modest.

Yes, FRP Holdings, Inc. (FRPH) is profitable, generating $4.6M in net income for fiscal year 2024 (15.3% net margin).

Dividend & Returns

FRP Holdings, Inc. (FRPH) has a return on equity (ROE) of 1.4%. This is below average, suggesting room for improvement.

Industry Metrics

FRP Holdings, Inc. (FRPH) generated Funds From Operations (FFO) of $15.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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FRP Holdings, Inc. (FRPH) financial analysis — history, returns, DCA and operating performance tools

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FRP Holdings, Inc.(FRPH)Earnings, Financials & Key Ratios

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