FRPH on Nasdaq

FRP HOLDINGS, INC.

American real estate company, incorporated in Florida, listed on Nasdaq (FRPH). Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerFRPH on Nasdaq1
  • IndustryReal Estate1
  • HeadquartersJacksonville, Florida1
  • Incorporated inFL2
  • Business address200 W. Forsyth St., 7Th Floor, Jacksonville, Fl 322022
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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FRP Holdings, Inc., a Florida corporation (the “Company”) was incorporated on April 22, 2014 in connection with a corporate reorganization that preceded the Spin-off of Patriot Transportation Holding, Inc. The Company’s predecessor issuer was formed on July 20, 1988. The business of the Company is conducted through our wholly-owned subsidiaries FRP Development Corp., a Maryland corporation, and Florida Rock Properties, Inc., a Florida corporation, and the various subsidiaries and joint ventures of each.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

16.4%Operating margin4
7.8%Net margin4
2.6%Revenue growth, 20254
0.8%Return on equity4
0.45×Debt to equity4
-$21.5MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs90¢$38.7M
  • Income tax2¢$818.0K
  • Profit8¢$3.3M

Out of $42.8M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending99¢$51.1M
  • Share buybacks1¢$464.0K

Out of $29.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$42.8M in 2025+80% since 2019
0$20.0M$40.0M$60.0M2019: $23.8M$23.8M20192020: $23.6M$23.6M2020−1%2021: $31.2M$31.2M2021+32%2022: $37.5M$37.5M2022+20%2023: $41.5M$41.5M2023+11%2024: $41.8M$41.8M2024+1%2025: $42.8M$42.8M2025+3%
Operating income56784$7.0M in 2025+22% since 2019
0$5.0M$10.0M$15.0M2019: $5.8M$5.8M20192020: $5.1M$5.1M2020−11%2021: $2.3M$2.3M2021−56%2022: $8.0M$8.0M2022+252%2023: $11.7M$11.7M2023+46%2024: $11.7M$11.7M2024+0%2025: $7.0M$7.0M2025−40%
Net income56784$3.3M in 2025−79% since 2019
0$10.0M$20.0M$30.0M2019: $16.2M$16.2M20192020: $12.7M$12.7M2020−21%2021: $28.2M$28.2M2021+122%2022: $4.6M$4.6M2022−84%2023: $5.3M$5.3M2023+16%2024: $6.4M$6.4M2024+20%2025: $3.3M$3.3M2025−48%
Fiscal year2019202020212022202320242025
Revenue$23.8M5$23.6M6$31.2M7$37.5M8$41.5M4$41.8M4$42.8M4
Gross profit
Operating expenses$28.9M7$29.5M8$29.8M4$30.1M4$35.8M4
Operating income$5.8M5$5.1M6$2.3M7$8.0M8$11.7M4$11.7M4$7.0M4
Interest$1.1M5$1.1M6$2.3M7$3.0M7$4.3M7
Income tax$3.0M5$3.2M6$10.3M7$1.0M8$1.5M4$2.0M4$818.0K4
Net income$16.2M5$12.7M6$28.2M7$4.6M8$5.3M4$6.4M4$3.3M4
Earnings per share$1.645$1.336$3.027$0.248$0.284$0.344$0.184
Earnings per share (diluted)$1.635$1.326$3.007$0.248$0.284$0.344$0.184
Shares (weighted, basic)9.4M shares718.8M shares818.8M shares418.9M shares419.0M shares4
Shares (weighted, diluted)9.4M shares718.9M shares818.9M shares419.0M shares419.0M shares4

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Leadership

Who has led FRP HOLDINGS, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert E. Sandlin2006–2014
  2. Thompson S. Baker Ii.2010–2016

Chair

  1. Edward L. Baker2010

President

  1. Terry S. Phipps2006–2008
  2. David H. Devilliers Jr.2008–2024
  3. Robert E. Sandlin2009–2014
  4. Thompson S. Baker Ii.2010–2015

Chief financial officer

  1. John D. Milton Jr.2008–2020
  2. Matthew C. McNulty2024–now

Chief operating officer

  1. David H. Devilliers Jr.2025–now
2010201520202025
Board members and other officers (18)

Former names

  • PATRIOT TRANSPORTATION HOLDING INCMay 9, 2001 to Dec 5, 20142
  • FRP PROPERTIES INCFeb 13, 1995 to Feb 5, 20012

Timeline

  1. Sep 16, 2010New chief executive Thompson S. Baker Ii. becomes CEO13
  2. Feb 2, 2006New chief executive Robert E. Sandlin becomes CEO14

Filings

301 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 178 insider forms, 20 large holders, 44 other. The latest 20:

  1. Aug 18, 20264 EDGAR
  2. Aug 11, 20264 EDGAR
  3. Aug 6, 202610-Q EDGAR
  4. Aug 4, 20268-K EDGAR
  5. May 20, 20264 PRIMARY DOCUMENT EDGAR
  6. May 15, 20264 PRIMARY DOCUMENT EDGAR
  7. May 15, 20264 PRIMARY DOCUMENT EDGAR
  8. May 15, 20264 PRIMARY DOCUMENT EDGAR
  9. May 15, 20264 PRIMARY DOCUMENT EDGAR
  10. May 15, 20264 PRIMARY DOCUMENT EDGAR
  11. May 15, 20268-K 8-K AUDITOR EDGAR
  12. May 14, 202610-Q EDGAR
  13. May 14, 2026S-8 S-8 EQUITY INCENTIVE PLAN EDGAR
  14. May 13, 20268-K 8-K VOTE EDGAR
  15. May 12, 20268-K 8-K PRESS RELEASE MAR26 EDGAR
  16. Apr 23, 2026DEFR14A DEFA14A EDGAR
  17. Apr 16, 2026DEF 14A EDGAR
  18. Apr 15, 2026ARS EDGAR
  19. Apr 15, 202610-K EDGAR
  20. Apr 10, 20268-K EDGAR

The 301 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

78 open-market trades by officers, directors and large owners since October 2021: 20 buys and 58 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 18, 2026BAKER JOHN D IIDirectorBuy8,189$21.97$179.9KForm 4
Aug 17, 2026BAKER JOHN D IIDirectorBuy957$21.97$21.0KForm 4
Aug 7, 2026Baker John D. IIICEOBuy6,800$21.91$149.0KForm 4
Mar 23, 2026BAKER JOHN D IIDirectorBuy478,468$20.90$10.0MForm 4
Jan 1, 2026DEVILLIERS DAVID H JRSr. Advisor to Pres. & COOSale4,060$22.75$92.4KForm 4
Dec 31, 2025deVilliers David H IIIPresident & COOSale4,589$22.75$104.4KForm 4
Dec 11, 2025deVilliers David H IIIPresident & COOSale1,500$23.42$35.1KForm 4
Nov 21, 2025DEVILLIERS DAVID H JRSr. Advisor to Pres. & COOSale2,000$23.23$46.5KForm 4
Nov 13, 2025McNulty Matthew C.CFOBuy1,000$23.94$23.9KForm 4
Nov 13, 2025BAKER JOHN D IIDirectorBuy854$23.85$20.4KForm 4
Nov 12, 2025McNulty Matthew C.CFOBuy1,000$23.84$23.8KForm 4
Nov 12, 2025BAKER JOHN D IIDirectorBuy7,175$23.85$171.1KForm 4
Nov 10, 2025Baker John D. IIICEOBuy4,166$23.70$98.7KForm 4
Nov 10, 2025BAKER JOHN D IIDirectorBuy334$23.50$7.8KForm 4
Mar 14, 2025BAKER JOHN D IIDirectorBuy6,608$27.45$181.4KForm 4
Mar 5, 2025deVilliers David H IIIPresident & COOBuy1,356$31.00$42.0KForm 4
Nov 25, 2024STEIN MARTIN E JRDirectorSale1,029$33.00$34.0KForm 4
Nov 22, 2024STEIN MARTIN E JRDirectorSale4,929$32.00$157.7KForm 4
Nov 21, 2024STEIN MARTIN E JRDirectorSale71$32.00$2.3KForm 4
Nov 18, 2024DEVILLIERS DAVID H JRSr. Advisor to Pres. & COOSale2,500$31.50$78.8KForm 4

All 78 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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