FRP
Owns apartments, industrial properties, mining royalty lands, and development parcels.
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Profile
Runs a compact real-estate platform across multifamily joint ventures, industrial and commercial properties, mining royalty lands, and development parcels. Activity is concentrated along the Eastern Seaboard, with results shaped by lease-up execution, mining tenant demand, interest rates, construction costs, and weather exposure.
Owns and manages a focused real-estate portfolio through Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily segments. The assets include warehouses, an office building, ground leases, leased quarry land, apartment and mixed-use joint ventures, and parcels being moved toward construction, sale, or partnership.
Works mainly along the Eastern Seaboard, with mining land concentrated in Florida and Georgia and a real-estate team anchored in Jacksonville and Baltimore. A small in-house workforce manages assets, joint ventures, and development decisions.
Execution depends on keeping apartments leased, filling industrial vacancies, integrating the Altman Logistics platform, and maintaining mineral-royalty relationships with a small group of mining tenants. Interest rates, construction costs, supply chains, tariffs, and severe weather shape project economics.
Company facts
Key statistics
Year to date −2.9% · Average volume (30d) 98.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | — | −$0.01 | — | — | $11.1M | — | −2.36% |
| May 12, 2026Q1 FY26 | — | −$0.04 | — | — | $10.6M | — | −4.59% |
| Apr 10, 2026Q1 FY26 | — | $0.04 | — | — | $10.9M | — | −0.58% |
| Nov 5, 2025Q3 FY25 | — | $0.03 | — | — | $10.8M | — | −4.70% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $10.3M | $10.9M | $10.8M | $10.9M | $10.6M | $11.1M | |
| Gross profit | $9.4M | $4.5M | $3.7M | $1.7M | $1.8M | $8.0M | |
| Operating income | $2.3M | $1.7M | $1.4M | $1.7M | $512.0K | $1.5M | |
| Net income | $1.7M | $578.0K | $662.0K | $380.0K | −$687.0K | −$259.0K | |
| Diluted EPS | $0.09 | $0.03 | $0.03 | $0.02 | −$0.04 | −$0.01 | |
| Gross margin | 90.9% | 41.9% | 34.3% | 16.0% | 16.6% | 72.1% | |
| Operating margin | 22.6% | 15.3% | 12.6% | 15.4% | 4.8% | 13.2% |
Fiscal years (4-quarter sums)FY21 $31.2M · FY22 $37.5M · FY23 $41.5M · FY24 $41.8M · FY25 $42.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $101.0M · Total debt $214.6M · Total assets $762.3M · Shareholders' equity $428.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 19.17M · Float 11.43M · 59.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| John D. Ii Baker · director, 10 percent owner: | 3.08M | 16.07% | Form 4 | Aug 18, 2026 |
| Hightower Advisors, LLC | 1.93M | 10.08% | 13F | Aug 5, 2026 |
| BlackRock, Inc. | 1.11M | 5.79% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 1.10M | 5.73% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 519.0K | 2.71% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | John D. Ii Baker | director, 10 percent owner: | +8,189 | $21.97 |
| Aug 17, 2026 | John D. Ii Baker | director, 10 percent owner: | +957 | $21.97 |
| Aug 7, 2026 | John D. III Baker | director, officer: CEO | +6,800 | $21.91 |
| Mar 23, 2026 | John D. Ii Baker | director, 10 percent owner: | +478,468 | $20.90 |
| Mar 14, 2025 | John D. Ii Baker | director, 10 percent owner: | +6,608 | $27.45 |
Peers
- AvalonBay Communities
Direct apartment overlap in D.C. and East Coast development
- First Industrial Realty Trust
Industrial landlord with direct warehouse and park overlap
- St. Joe
Southeast land developer competing across mixed-use real estate
- Natural Resource Partners
Mineral-rights lessor with royalty lease economics overlap
- Equity Residential
Large apartment REIT competing for urban renters and sites
- EastGroup Properties
Industrial REIT focused on Sunbelt distribution properties
- Howard Hughes
Mixed-use developer with operating assets and land pipeline
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FRP | $22.18 | +0.36% | $425.2M | 4,265.4 | — | 9.8 | +2.2% |
| AvalonBay Communities | $184.06 | 0.00% | $26.28B | 25.4 | 35.5 | 8.5 | −6.3% |
| First Industrial Realty Trust | $61.94 | 0.00% | $8.21B | 22.6 | 35.3 | 10.8 | +8.2% |
| St. Joe | $67.32 | −0.07% | $3.83B | 31.5 | — | 7.0 | +23.1% |
| Natural Resource Partners | $112.72 | +0.40% | $1.49B | 14.4 | — | 7.7 | +2.7% |
| Equity Residential | $63.66 | −3.50% | $23.87B | 27.9 | 42.5 | 7.6 | +2.1% |
| EastGroup Properties | $200.00 | −0.01% | $10.75B | 35.1 | 36.2 | 14.3 | +9.1% |
| Howard Hughes | $64.80 | −0.06% | $3.86B | 13.1 | 19.9 | 1.6 | +330.2% |
| Median | 25.4 | 35.5 | 7.7 | +8.2% |