FRP Holdings, Inc engages in the real estate businesses in the United States.
infoFRP is a small cap stock with a total market cap of 535.37M.
infoThey trade on the NASDAQ and had their IPO 37 years and 1 month ago.
infoFRP currently employs 13 people.
infoAs of Wednesday, Aug 23 2023, FRP’s share price is $56.38.
News Relating to FRP
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its 2023 Second Quarter Earnings and Details for the Earnings Conference Call
Monday Aug 07 2023 at 10:00
JACKSONVILLE, Fla., Aug. 07, 2023 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its second quarter earnings results on Wednesday, August 9, 2023. The Company will host a conference call on Thursday, August 10, 2023 at 9:30 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1- 800-274-8461 (passcode 40104) within the United States. International callers may dial 1-203-518-9814 (passcode 40104). Audio replay will be available until August 24, 2023 by dialing 1-888-562-2817 (no passcode required) within the United States. International callers may dial 1-402-220-7354. An audio replay will also be available on the Company’s investor relations page (https://www.frpdev.com/investor-relations/) following the call. The Company will also be posting a brief slideshow with financial highlights from the first quarter on our website on Wednesday, August 9. This will be available on the Company’s investor relations page under Investor Presentations. For information on our commitment to best practices in Environmental, Social, and Governance matters, please visit the ESG section of our website at https://www.frpdev.com/investor-relations/esg-report/.
Seeking Alpha
FRP Holdings, Inc. (FRPH) Q1 2023 Earnings Call Transcript
Sunday May 14 2023 at 01:35
FRP Holdings, Inc. (NASDAQ:FRPH ) Q1 2023 Earnings Conference Call May 11, 2023 10:00 AM ET Company Participants John Baker III – CFO and Treasurer David deVilliers – President John Baker II – Executive Chairman and CEO Conference Call Participants Stephen Farrell – Oppenheimer Operator Good day, everyone, and welcome to today’s earnings conference call. At this time all participants are in a listen-only mode.
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its 2023 First Quarter Earnings and Details for the Earnings Conference Call
Monday May 08 2023 at 11:01
JACKSONVILLE, Fla., May 08, 2023 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Wednesday, May 10, 2023. The Company will also host a conference call on Thursday, May 11, 2023 at 10:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-245-3047 (passcode 57458) within the United States. International callers may dial 1-203-518-9783 (passcode 57548). Audio replay will be available until May 25, 2023 by dialing 1-888-566-0825 (no passcode required) within the United States. International callers may dial 1-402-220-0427. An audio replay will also be available on the Company’s investor relations page (https://www.frpdev.com/investor-relations/) following the call. The Company will also be posting a brief slideshow with financial highlights from the first quarter on our website on Wednesday, May 10. This will be available on the Company’s investor relations page under Investor Presentations. For information on our commitment to best practices in Environmental, Social, and Governance matters, please visit the ESG section of our website at https://www.frpdev.com/investor-relations/esg-report/.
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date For Its 2022 Fourth Quarter Earnings and Details For the Earnings Conference Call
Friday Mar 03 2023 at 11:29
JACKSONVILLE, Fla., March 03, 2023 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its fourth-quarter earnings results on Tuesday, March 7, 2023. The Company will host a conference call on Wednesday, March 8, 2023 at 9:00 a.m. (EST). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-225-9448 (passcode 30382) within the United States. International callers may dial 1-203-518-9708 (passcode 30382). Audio replay will be available until March 22, 2023 by dialing 1-800-839-5630 within the United States. International callers may dial 1-402-220-2557. No passcode needed. A recording of the call will also be available on the Company’s investor relations page (https://www.frpdev.com/investor-relations/) following the call. The Company will also be posting a brief slideshow with financial highlights from the fourth quarter and year-to-date on our website on Tuesday, March 7. This will be available on the Company’s investor relations page under Investor Presentations. For information on our commitment to best practices in Environmental, Social, and Governance matters, please visit the ESG section of our website at https://www.frpdev.com/investor-relations/esg-report/.
Seeking Alpha
FRP Holdings, Inc. (FRPH) Q3 2022 Earnings Call Transcript
Saturday Nov 12 2022 at 16:41
FRP Holdings, Inc. (NASDAQ:FRPH ) Q3 2022 Earnings Conference Call November 9, 2022 3:00 PM ET Company Participants John Baker II – Chairman and CEO David deVilliers, Jr. – President John Klopfenstein – Chief Accounting Officer John Baker III – CFO John Milton – General Counsel David deVilliers III – Executive Vice President Conference Call Participants Emerito Quintana – Numantia Curtis Jensen – Robotti & Company John Koller – Oppenheimer+Close Bill Chen – Rhizome Partners Operator Good day, everyone, and welcome to the FRP Holdings Third Quarter Earnings Conference Call. [Operator Instructions] Please note this call is being recorded, and I will be standing by if you should need any assistance.
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its 2022 Third Quarter Earnings and Details for the Earnings Conference Call
Thursday Nov 03 2022 at 14:03
JACKSONVILLE, Fla., Nov. 03, 2022 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its third-quarter earnings results on Monday, November 7, 2022. The Company will also host a conference call on Wednesday, November 9, 2022 at 3:00 p.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-274-8461 (passcode 56787) within the United States. International callers may dial 1-203-518-9783 (passcode 56787). Audio replay will be available until November 22, 2022 by dialing 1-800-839-3740 (passcode 17717) within the United States. International callers may dial 1-402-220-7239 (passcode 17717). An audio replay will also be available on the Company’s investor relations page (https://www.frpdev.com/investor-relations/) following the call. The Company will post a brief slideshow with financial highlights from the third quarter and year-to-date on our website on Monday, November 7. This will be available on the Company’s investor relations page under Investor Presentations. For information on our commitment to best practices in Environmental, Social, and Governance matters, please visit the ESG section of our website at https://www.frpdev.com/investor-relations/esg-report/.
Seeking Alpha
FRP Holdings, Inc. (FRPH) CEO John Baker on Q2 2022 Results – Earnings Call Transcript
Monday Aug 15 2022 at 17:09
FRP Holdings, Inc. (NASDAQ:FRPH ) Q2 2022 Results Conference Call August 12, 2022 10:00 AM ET Company Participants John Baker – Chairman and CEO David deVilliers Jr. – President David deVilliers III – Executive VP John Baker III – CFO John Klopfenstein – Chief Accounting Officer John Milton – General Counsel Conference Call Participants Curtis Jensen – Robotti & Company Stephen Farrell – Oppenheimer Bill Chen – Rhizome Partners Operator Good morning. I’d like to welcome everyone to the FRP Holdings Second Quarter Earnings Conference Call.
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its 2022 Second Quarter Earnings and Details for the Earnings Conference Call
Tuesday Aug 09 2022 at 13:39
JACKSONVILLE, Fla., Aug. 09, 2022 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its second-quarter earnings results on Thursday, August 11, 2022. The Company will also host a conference call on Friday, August 12, 2022 at 10:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-343-4849 (passcode 91003) within the United States. International callers may dial 1-203-518-9848 (passcode 91003). Audio replay will be available until August 26, 2022 by dialing 1-800-943-2127 (passcode 17717) within the United States. International callers may dial 1-402-220-1139 (passcode 17717). An audio replay will also be available on the Company’s investor relations page (https://www.frpdev.com/investor-relations/) following the call.
Seeking Alpha
FRP Holdings, Inc. (FRPH) on Q1 2022 Results – Earnings Call Transcript
Friday May 13 2022 at 23:12
FRP Holdings, Inc. (NASDAQ:FRPH ) Q1 2022 Earnings Conference Call May 13, 2022 2:30 PM ET Company Participants John Baker – CFO & Treasurer David deVilliers – President & COO Conference Call Participants Curtis Jensen – Robotti & Company Advisors Stephen Farrell – Oppenheimer + Close Bill Chen – Rhizome Partners Operator Good day, everyone, and welcome to today’s earnings conference call. At this time, all participants are in a listen-only mode.
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its 2022 First Quarter Earnings and Details for the Earnings Conference Call
Monday May 09 2022 at 09:04
JACKSONVILLE, Fla., May 09, 2022 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Wednesday, May 11, 2022. The Company will also host a conference call on Thursday, May 12, 2022 at 2:30 p.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-225-9448 (passcode 84872) within the United States. International callers may dial 1-203-518-9708 (passcode 84872). Audio replay will be available until May 26, 2022 by dialing 1-800-283-7928 (passcode 17717) within the United States. International callers may dial 1-402-220-0866 (passcode 17717). An audio replay will also be available on the Company’s investor relations page (https://www.frpdev.com/investor-relations/) following the call.
Seeking Alpha
FRPH: Cash-Flowing, Hard-Asset Company, Lots Of Free Options And Insiders Own 35%
Friday Mar 11 2022 at 17:46
FRPH: Cash-Flowing, Hard-Asset Company, Lots Of Free Options And Insiders Own 35%
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its Fourth Quarter and Year Ended December 31, 2021 Earnings and Details for the Earnings Conference Call
Monday Feb 28 2022 at 11:47
JACKSONVILLE, Fla., Feb. 28, 2022 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its fourth-quarter and year-end earnings results on Wednesday, March 2, 2022. The Company will also host a conference call on Thursday, March 3, 2022 at 2:00 p.m. (EST). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-343-1703 (passcode 48524) within the United States. International callers may dial 1-203-518-9895 (passcode 48524). Computer audio live streaming is available via the Internet through this link https://www.connexcastpro.com/webcasts/cc/events/A37vI5.cfm. The same link may be used following the call to access the archived audio once the call is concluded. An audio replay will also be available on the Company’s investor relations page (https://www.frpdev.com/investor-relations/) following the call.
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its 2021 Third Quarter Earnings and Details for the Earnings Conference Call
Monday Nov 01 2021 at 10:00
JACKSONVILLE, Fla., Nov. 01, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its third-quarter earnings results on Wednesday, November 3, 2021. The Company will also host a conference call on Thursday, November 4, 2021 at 12:30 p.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-271-1828 (passcode 47240873) within the United States. International callers may dial 1-334-323-9871 (passcode 47240873). Computer audio live streaming is available via the Internet through this link http://stream.conferenceamerica.com/frp110421. For the archived audio via the internet, click on the following link http://archive.conferenceamerica.com/archivestream/frp110421.mp3. An audio replay will be available for sixty days following the conference call. To listen to the audio replay, dial toll free 1-877-919-4059, international callers dial 1-334-323-0140. The passcode of the audio replay is 29813855. Replay options: “1” begins playback, “4” rewind 30 seconds, “5” pause, “6” fast forward 30 seconds, “0” instructions, and “9” exits recording. There may be a 30-40 minute delay until the archive is available following the conclusion of the conference call.
GlobeNewsWire
FRP Holdings, Inc. Announces Investor Day Details
Monday Sep 13 2021 at 09:00
JACKSONVILLE, Fla., Sept. 13, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) announced today the details for its Investor Day on September 15, 2021 in Washington D.C. Investor Day presentations will begin at 9:00 A.M. EDT and will be followed by a Q&A session. The event will feature presentations from its executive management team.
Seeking Alpha
FRP Holdings, Inc. (FRPH) CEO John Baker Q2 2021 Results – Earnings Call Transcript
Sunday Aug 08 2021 at 13:17
FRP Holdings, Inc. (FRPH) CEO John Baker Q2 2021 Results – Earnings Call Transcript
GlobeNewsWire
FRP Holdings, Inc. Announces Investor Day
Friday Aug 06 2021 at 09:00
JACKSONVILLE, Fla., Aug. 06, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) announced today that the Company will hold an Investor Day on September 15, 2021 in Washington D.C. Investor Day presentations will begin at 9:00 A.M. EDT and will be followed by a Q&A session. The event will feature presentations from its executive management team.
GlobeNewsWire
FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Second Quarter and Six Months Ended June 30, 2021
Monday Aug 02 2021 at 10:17
JACKSONVILLE, Fla., Aug. 02, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ-FRPH) –
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its 2021 Second Quarter Earnings and Details for the Earnings Conference Call
Friday Jul 30 2021 at 10:06
JACKSONVILLE, Fla., July 30, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its second-quarter earnings results on Monday, August 2, 2021. The Company will also host a conference call on Tuesday, August 3, 2021 at 11:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-271-1828 (passcode 47240873) within the United States. International callers may dial 1-334-323-9871 (passcode 47240873). Computer audio live streaming is available via the Internet through this link http://stream.conferenceamerica.com/frp080321. For the archived audio via the internet, click on the following link http://archive.conferenceamerica.com/archivestream/frp080321.mp3. An audio replay will be available for sixty days following the conference call. To listen to the audio replay, dial toll free 1-877-919-4059, international callers dial 1-334-323-0140. The passcode of the audio replay is 19388574. Replay options: “1” begins playback, “4” rewind 30 seconds, “5” pause, “6” fast forward 30 seconds, “0” instructions, and “9” exits recording. There may be a 30-40 minute delay until the archive is available following the conclusion of the conference call.
Seeking Alpha
FRP Holdings, Inc. (FRPH) Management on Q1 2021 Results – Earnings Call Transcript
Saturday May 08 2021 at 18:32
FRP Holdings, Inc. (FRPH) Management on Q1 2021 Results – Earnings Call Transcript
GlobeNewsWire
FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results For The First Quarter Ended March 31, 2021
Monday May 03 2021 at 13:19
JACKSONVILLE, Fla., May 03, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ-FRPH)
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date For Its 2021 First Quarter Earnings And Details For The Earnings Conference Call
Friday Apr 30 2021 at 10:30
JACKSONVILLE, Fla., April 30, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Monday, May 3, 2021. The Company will also host a conference call on Tuesday, May 4, 2021 at 10:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-271-1828 (passcode 54115857) within the United States. International callers may dial 1-334-323-9871 (passcode 54115857). Computer audio live streaming is available via the Internet through this link http://stream.conferenceamerica.com/frp050421. For the archived audio via the internet, click on the following link http://archive.conferenceamerica.com/archivestream/frp050421.mp3. An audio replay will be available for sixty days following the conference call. To listen to the audio replay, dial toll free 1-877-919-4059, international callers dial 1-334-323-0140. The passcode of the audio replay is 53664510. Replay options: “1” begins playback, “4” rewind 30 seconds, “5” pause, “6” fast forward 30 seconds, “0” instructions, and “9” exits recording. There may be a 30-40 minute delay until the archive is available following the conclusion of the conference call.
Seeking Alpha
FRP Holdings, Inc.’s (FRPH) CEO John Baker II on Q4 2020 Results – Earnings Call Transcript
Thursday Mar 04 2021 at 15:37
FRP Holdings, Inc.’s (FRPH) CEO John Baker II on Q4 2020 Results – Earnings Call Transcript
GlobeNewsWire
FRP Holdings, Inc. (Nasdaq: FRPH) Announces Results for the Fourth Quarter and Year Ended December 31, 2020
Monday Mar 01 2021 at 14:34
JACKSONVILLE, Fla., March 01, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ-FRPH)
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its Fourth Quarter and Year Ended December 31, 2020 Earnings and Details for the Earnings Conference Call
Friday Feb 26 2021 at 12:41
JACKSONVILLE, Fla., Feb. 26, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its fourth-quarter and year-end earnings results on Monday, March 1, 2021. The Company will also host a conference call on Thursday, March 4, 2021 at 9:00 a.m. (EST). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-271-1828 (passcode 16539702) within the United States. International callers may dial 1-334-323-9871 (passcode 16539702). Computer audio live streaming is available via the Internet through this link http://stream.conferenceamerica.com/frp030421. For the archived audio via the internet, click on the following link http://archive.conferenceamerica.com/archivestream/frp030421.mp3. An audio replay will be available for sixty days following the conference call. To listen to the audio replay, dial toll free 1-877-919-4059, international callers dial 1-334-323-0140. The passcode of the audio replay is 98897780. Replay options: “1” begins playback, “4” rewind 30 seconds, “5” pause, “6” fast forward 30 seconds, “0” instructions, and “9” exits recording. There may be a 30-40 minute delay until the archive is available following the conclusion of the conference call.
Seeking Alpha
Lifetime Brands’ (FRPH) Management on Q3 2020 Results – Earnings Call Transcript
Sunday Nov 08 2020 at 03:08
Lifetime Brands’ (FRPH) Management on Q3 2020 Results – Earnings Call Transcript
GlobeNewsWire
FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Third Quarter and Nine Months Ended September 30, 2020
Wednesday Nov 04 2020 at 11:40
JACKSONVILLE, Fla., Nov. 04, 2020 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ-FRPH)
GlobeNewsWire
FRP Holdings, Inc. Announces Release Date for Its 2020 Third Quarter Earnings and Details for the Earnings Conference Call
Monday Nov 02 2020 at 07:47
JACKSONVILLE, Fla., Nov. 02, 2020 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its third-quarter earnings results on Wednesday, November 4, 2020. The Company will also host a conference call on Thursday, November 5, 2020 at 9:00 a.m. (EST). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-271-1828 (passcode 58158510) within the United States. International callers may dial 1-334-323-9871 (passcode 58158510). Computer audio live streaming is available via the Internet through this link http://stream.conferenceamerica.com/frp110520. For the archived audio via the internet, click on the following link http://archive.conferenceamerica.com/archivestream/frp110520.mp3. An audio replay will be available for sixty days following the conference call. To listen to the audio replay, dial toll free 1-877-919-4059, international callers dial 1-334-323-0140. The passcode of the audio replay is 69160033. Replay options: “1” begins playback, “4” rewind 30 seconds, “5” pause, “6” fast forward 30 seconds, “0” instructions, and “9” exits recording. There may be a 30-40 minute delay until the archive is available following the conclusion of the conference call.
Yahoo
FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Second Quarter and Six Months Ended June 30, 2020
Wednesday Aug 05 2020 at 14:55
JACKSONVILLE, Fla., Aug. 05, 2020 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ-FRPH) Second Quarter Consolidated Results of OperationsNet income for the second quarter of 2020 was $4,149,000 or $.43 per share versus $9,825,000 or $.99 per share in the same period last year. The second quarter of 2020 was impacted by the following items: * Corporate expense stock compensation of $570,000 compared to $28,000 in the same period last year due the timing of stock grants. * Interest expense decreased $227,000 as we capitalized more interest on our joint venture construction projects. * Loss on joint ventures increased $1,071,000 primarily due to our share of the Bryant Street preferred interest, $118,000 amortization of guarantee liability related to the Bryant Street loan, $809,000 operating loss at the Maren due to pre-leasing efforts, partially offset by interest income generated in our opportunity zone investments prior to the funds being deployed. * Gain on sale of $3,589,000 from the sale of the three remaining lots at our Lakeside Business Park and our Gulf Hammock Property compared to $536,000 in the same period last yearIncome from discontinued operations for the second quarter of 2019 was $6,776,000 or $.68 per share and included the sale of our property at 1502 Quarry Drive for $11.7 million. This asset was excluded from the original sale due to the tenant potentially exercising its right of first refusal to purchase the property. The second quarter of 2019 included a $328,000 realized gain on the sale of bonds.Second Quarter Segment Operating ResultsAsset Management Segment:Most of the Asset Management Segment was reclassified to discontinued operations leaving two commercial properties as well as Cranberry Run, which we purchased in the first quarter of 2019, and 1801 62nd Street which joined this segment on April 1 of 2019. Cranberry Run is a five-building industrial park in Harford County, MD totaling 268,010 square feet of industrial/ flex space and at quarter end was 71.9% leased and occupied. 1801 62nd Street is our most recent spec building in Hollander Business Park and is our first warehouse with a 32-foot clear-height ceiling. We completed construction on this building in 2019 and it is now 100% leased and occupied. Total revenues in this segment were $716,000, up $54,000 or 8.2%, over the same period last year. Operating profit was $58,000, up $69,000 from an operating loss of $11,000 in the same quarter last year due to 1801 62nd St being fully leased and occupied, improved leasing at Cranberry offset by the sale of 7030 Dorsey Road in June 2019.Mining Royalty Lands Segment:Total revenues in this segment were $2,402,000 versus $2,633,000 in the same period last year. Total operating profit in this segment was $2,110,000, a decrease of $312,000 versus $2,422,000 in the same period last year. The primary reason for the decrease is that we are no longer receiving double minimums at our Lake Louisa property, because our tenant, Cemex, received its final permit to begin mining the property in July 2019.Development Segment:The Development segment is responsible for (i) seeking out and identifying opportunistic purchases of income producing warehouse/office buildings, and (ii) developing our non-income producing properties into income production. With respect to ongoing projects: * PUD entitlements for our 118-acre tract in Hampstead, Maryland, now known as “Hampstead Overlook,” are ongoing. Hampstead Overlook received Concept Plan approval from the Town of Hampstead for 164 single and 91 town home residential units in February 2020, and the project is currently under Preliminary Plan review with the governing agencies. * We are currently pursuing permit entitlements for two industrial buildings at Hollander Business Park totaling 146,000 square feet. Construction is anticipated to begin the third quarter of 2020 with shell completion in the third quarter of 2021. * We finished shell building construction in December 2018 on the two office buildings in the first phase of our joint venture with St. John Properties. Shell building construction of the two retail buildings was completed in January 2019. We are now in the process of leasing these four single-story buildings totaling 100,030 square feet of office and retail space. At quarter end, Phase I was 44% leased and occupied. * We are the principal capital source of a residential development venture in Baltimore County, Maryland known as “Hyde Park.” We have committed up to $3.5 million in exchange for an interest rate of 10% and a preferred return of 20% after which a “waterfall” determines the split of proceeds from sale. Entitlements for the development of the property are complete, and a homebuilder is under contract to purchase all of the 126 recorded building lots. The first phase of settlement occurred in May 2020, resulting in a $2.67M principal and interest payment. * We are the principal capital source of a residential development venture in Prince George’s County, Maryland known as “Amber Ridge.” We have committed up to $18.5 million in exchange for an interest rate of 10% and a preferred return of 20% after which a “waterfall” determines the split of proceeds from sale. Amber Ridge will hold 187 town homes. We are currently pursuing entitlements and have two homebuilders under contract to purchase all 187 units upon completion of development infrastructure. * In April 2018, we began construction on Phase II of our RiverFront on the Anacostia project, now known as “The Maren.” The 14-story project will have 264 units and 6,937 net leasable square feet of ground floor retail and was 98% complete at quarter end. Lease-up commenced in earnest in the second week of March. At the end of the quarter, the Maren was 45% leased, and 23% occupied. * In December 2018, the Company entered into a joint venture agreement with MidAtlantic Realty Partners (MRP) for the development of the first phase of a multifamily, mixed-use development in northeast Washington, DC known as “Bryant Street.” The project is comprised of four buildings, with 487 units and 85,681 net leasable square feet of retail. FRP contributed $32 million for common equity and another $23 million for preferred equity to the joint venture. Construction began in February 2019 and as of the end of the quarter was 67% complete. Bryant Street is currently on time, within budget, and expected to be complete in the fourth quarter of 2021, with the first of the four buildings delivering in the fourth quarter of 2020. This project is located in an opportunity zone and has allowed us to defer $14.9 million in taxes associated with the sale of our industrial assets. * In December 2019, the Company entered into a joint venture agreement with MRP for the development of a mixed-use project known as “1800 Half Street.” The development is located in the Buzzard Point area of Washington, DC, less than half a mile downriver from Dock 79 and the Maren. It lies directly between our two acres on the Anacostia, currently under lease by Vulcan, and Audi Field, the home stadium of the DC United. The 10-story structure will have 344 apartments and 11,246 square feet of ground floor retail. FRP contributed $37.3 million in common equity. The project is a qualified opportunity zone investment and will defer just over $10 million in taxes associated with the sale of our industrial assets. In June 2020, we closed on a $74 million construction loan, and we anticipate starting construction during the third quarter of this year. * In December 2019, the company entered into two joint ventures in Greenville, SC with a new partner, Woodfield Development. Woodfield specializes in Class-A multi-family, mixed use developments primarily in the Carolinas and DC. Our first joint venture with them is a 200-unit multifamily project known as “Riverside.” FRP contributed $6.2 million in common equity for a 40% ownership interest. Construction began in February 2020 and should be complete in the third quarter of 2021. The second joint venture in Greenville with Woodfield is a 227-unit multifamily development known as “.408 Jackson.” It will have 4,700 square feet of retail and is located across the street from Greenville’s minor league baseball stadium. FRP contributed $9.7 million in common equity for a 40% ownership interest. Construction began in May 2020 and should be complete in the second quarter of 2022. Both projects are qualified opportunity investments and will defer a combined $4.3 million in taxes. Stabilized Joint Venture Segment:Dock 79’s average occupancy for the quarter was 91.50%, and at the end of the quarter, Dock 79 was 92.13% leased and 90.16% occupied. This quarter, 62.30% of expiring leases renewed with no increase in rent due to the mandated rent freeze on renewals in DC. Net Operating Income this quarter for this segment was $1,654,000, down $213,000 or 11.41% compared to the same quarter last year. Dock 79 is a joint venture between the Company and MRP, in which FRP Holdings, Inc. is the majority partner with 66% ownership.In July 2019, the Company completed a like-kind exchange by reinvesting $6,000,000 into a Delaware Statutory Trust (DST) known as CS1031 Hickory Creek DST. The DST owns a 294-unit garden-style apartment community known as Hickory Creek consisting of 19 three-story apartment buildings containing 273,940 rentable square feet. Hickory Creek was constructed in 1984 and substantially renovated in 2016 and is located in suburban Richmond, Virginia. The Company is 26.649% beneficial owner and receives monthly distributions. Second quarter distributions were $85,000.
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FRP Holdings, Inc. Announces Release Date for Its 2020 Second Quarter Earnings and Details for the Earnings Conference Call
Tuesday Aug 04 2020 at 13:14
JACKSONVILLE, Fla., Aug. 04, 2020 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its second-quarter earnings results on Wednesday, August 5, 2020. The Company will also host a conference call on Thursday, August 6, 2020 at 10:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-877-271-1828 (passcode 58158510) within the United States. International callers may dial 1-334-323-9871 (passcode 58158510). Computer audio live streaming is available via the Internet through the Company’s website at http://www.frpholdings.com. You may also click on this link for the live streaming http://stream.conferenceamerica.com/frp080620. For the archived audio via the internet, click on the following link http://archive.conferenceamerica.com/archivestream/frp080620.mp3. If using the Company’s website, click on the Investor Relations tab, then select the earnings conference stream. An audio replay will be available for sixty days following the conference call. To listen to the audio replay, dial toll free 1-877-919-4059, international callers dial 1-334-323-0140. The passcode of the audio replay is 32374231. Replay options: “1” begins playback, “4” rewind 30 seconds, “5” pause, “6” fast forward 30 seconds, “0” instructions, and “9” exits recording. There may be a 30-40 minute delay until the archive is available following the conclusion of the conference call. FRP Holdings, Inc. is a holding company engaged in the real estate business, namely (i) leasing and management of commercial properties owned by the Company, (ii) leasing and management of mining royalty land owned by the Company, (iii) real property acquisition, entitlement, development and construction primarily for apartment, retail, warehouse, and office, (iv) leasing and management of a residential apartment building.Investors are cautioned that any statements in this press release which relate to the future are, by their nature, subject to risks and uncertainties that could cause actual results and events to differ materially from those indicated in such forward-looking statements. These include, but are not limited to: the impact of the Covid-19 Pandemic on our operations and financial results; the possibility that we may be unable to find appropriate reinvestment opportunities for the proceeds from the Sale Transaction; levels of construction activity in the markets served by our mining properties; demand for flexible warehouse/office facilities in the Baltimore-Washington-Northern Virginia area demand for apartments in Washington D.C. and Richmond, Virginia; our ability to obtain zoning and entitlements necessary for property development; the impact of lending and capital market conditions on our liquidity; our ability to finance projects or repay our debt; general real estate investment and development risks; vacancies in our properties; risks associated with developing and managing properties in partnership with others; competition; our ability to renew leases or re-lease spaces as leases expire; illiquidity of real estate investments; bankruptcy or defaults of tenants; the impact of restrictions imposed by our credit facility; the level and volatility of interest rates; environmental liabilities; inflation risks; cybersecurity risks; as well as other risks listed from time to time in our SEC filings; including but not limited to; our annual and quarterly reports. We have no obligation to revise or update any forward-looking statements, other than as imposed by law, as a result of future events or new information. Readers are cautioned not to place undue reliance on such forward-looking statements.Contact: John D. Baker III Chief Financial Officer 904/858-9100
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Wednesday Jul 22 2020 at 00:00
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FRP Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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FRP’s Altman Z-score is 2.42 which is in the gray zone. This indicates a level of ambiguity where further analyses are needed to evaluate the company’s financial stability accurately.
Derived from SEC.GOV filing dataopen_in_new
FRP Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has bought $429.27K and 2 insiders have sold $355.76K of common stock in FRP on the stock market. This represents a net trade value of $73.50K bought.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Data is unavailable for Income Quality
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Value Analysis
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Efficiency Analysis
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