FRP Holdings (FRPH) AI Stock Analysis

• Market Cap: $445.05M
• Dividend Yield: N/A
• Average Volume (3M): 64.11K
• Price to Earnings (P/E): 95.8
• Beta (1Y): 0.45
• Revenue Growth: 2.69%
• EPS Growth: -39.47%
• Country: US
• Employees: 19
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.04
• Shares Outstanding: 19,109,234
• 10 Day Avg. Volume: 85,772
• 30 Day Avg. Volume: 64,113
• PEG Ratio: 4.23
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 13.85
• P/FCF Ratio: 19.96
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 12.94
• Enterprise Value/Gross Profit: 20.19
• Enterprise Value/Ebitda: 28.41
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $24.00 ▼(-4.65% Downside)

FRP Holdings' overall score is influenced by strong revenue growth and a solid capital structure, but is weighed down by declining profit margins, weak technical indicators, and high valuation. The earnings call highlights both opportunities and challenges, with significant declines in net income and occupancy rates impacting the score.

FRP Holdings Business Overview & Revenue Model

Company Description

FRP 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.

How the Company Makes Money

FRP Holdings generates revenue primarily through leasing and rental income from its diversified real estate portfolio. The company earns money by renting out space in its commercial properties, including warehouses and office buildings, to tenants. Additionally, FRPH may realize profits through capital appreciation from property sales and strategic development projects. The company also benefits from property management fees, which are earned by managing third-party properties. Key partnerships with various stakeholders in the real estate sector, including developers, local governments, and financial institutions, further enhance FRP Holdings' ability to generate revenue and expand its market reach.

FRP Holdings Financial Statement Overview

Summary

FRP Holdings shows strong revenue growth and a solid capital structure, but faces challenges with declining profit margins and free cash flow. The stable debt position supports financial stability, but improving profitability and cash flow generation is crucial.

Income Statement

FRP Holdings shows a strong revenue growth rate of 33.6% in the TTM, indicating robust expansion. The gross profit margin is healthy at 64.1%, although it has decreased from previous years. Net profit margin has also declined to 10.9%, reflecting some pressure on profitability. EBIT and EBITDA margins have decreased compared to previous periods, suggesting increased operational costs or other expenses impacting earnings.

Balance Sheet

The company's debt-to-equity ratio is stable at 0.43, indicating a balanced approach to leveraging. Return on equity is modest at 1.09%, showing limited profitability from shareholders' equity. The equity ratio is strong, reflecting a solid capital structure with equity financing being a significant component of total assets.

Cash Flow

Free cash flow has decreased significantly by 34.9% in the TTM, which could be a concern for liquidity. However, the operating cash flow to net income ratio is strong at 9.11, indicating efficient cash generation relative to net income. The free cash flow to net income ratio remains at 1.0, suggesting that the company is generating sufficient free cash flow to cover its net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	42.46M	41.77M	41.51M	37.48M	31.22M	23.58M
Gross Profit	27.21M	38.34M	37.86M	33.36M	27.47M	20.76M
EBITDA	19.34M	22.03M	21.69M	20.08M	65.63M	22.08M
Net Income	4.63M	6.38M	5.30M	4.57M	28.21M	12.71M
Balance Sheet
Total Assets	731.26M	728.49M	709.17M	701.08M	678.19M	536.36M
Cash, Cash Equivalents and Short-Term Investments	134.85M	148.62M	157.56M	177.50M	165.84M	149.52M
Total Debt	185.34M	178.85M	178.71M	178.56M	178.41M	89.96M
Total Liabilities	269.06M	259.37M	261.19M	256.87M	252.94M	153.71M
Stockholders Equity	427.72M	423.10M	414.52M	407.14M	396.42M	367.65M
Cash Flow
Free Cash Flow	17.63M	28.99M	32.97M	71.53M	52.21M	1.07M
Operating Cash Flow	7.58M	28.99M	32.97M	22.34M	22.24M	18.61M
Investing Cash Flow	-33.47M	-50.62M	-48.75M	-23.20M	66.60M	50.53M
Financing Cash Flow	-5.19M	12.70M	-4.17M	16.83M	-1.23M	-21.84M

FRP Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 25.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRPH, the sentiment is Negative. The current price of 25.17 is above the 20-day moving average (MA) of 24.27, above the 50-day MA of 24.56, and below the 200-day MA of 27.03, indicating a bearish trend. The MACD of -0.39 indicates Positive momentum. The RSI at 41.76 is Neutral, neither overbought nor oversold. The STOCH value of 46.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FRPH.

FRP Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMR	67 Neutral	$505.13M	13.77	8.12%	11.36%	-16.99%	-24.57%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
RMAX	64 Neutral	$251.14M	12.54	2.87%	―	-6.06%	―
FRPH	58 Neutral	$445.05M	95.80	1.09%	―	2.69%	-39.47%
TCI	47 Neutral	$382.55M	57.94	0.67%	―	0.13%	75.97%
MLP	46 Neutral	$295.35M	-21.38	-45.55%	―	74.64%	-256.63%

FRP Holdings Corporate Events

FRP Holdings Inc. Earnings Call: Mixed Sentiment and Future Prospects

FRP Holdings Inc. recently held its earnings call, revealing a mixed sentiment among investors and analysts. The company faces significant challenges, particularly in net income and occupancy rates in some segments. However, there are positive trends, such as an increase in adjusted net income, growth in the development pipeline, and robust leasing activity. While the future outlook shows promise, immediate financial metrics indicate areas of concern that need addressing.

FRP Holdings Reports Q3 2025 Earnings and Strategic Moves

FRP Holdings, Inc., based in Jacksonville, Florida, is a real estate investment and development company operating in four segments: Multifamily, Industrial and Commercial Development, and Mining and Royalty Lands. The company is known for its diverse portfolio and strategic ventures in the real estate sector.

FRP Holdings Completes Acquisition of Altman Logistics

On October 21, 2025, FRP Holdings, Inc. announced the completion of its acquisition of Altman Logistics Properties, LLC, an operating platform of BBX Capital. This acquisition includes a portfolio of institutional-grade industrial assets and a contract for an industrial land parcel. This strategic move is expected to enhance FRP Holdings’ operational capabilities and strengthen its position in the industrial real estate market.

The most recent analyst rating on (FRPH) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on FRP Holdings stock, see the FRPH Stock Forecast page.

FRP Holdings Inc. Earnings Call: Mixed Results and Future Growth Plans

FRP Holdings Inc. recently held its earnings call, revealing a mixed bag of results for the quarter. The company faced a challenging period with significant declines in net income and occupancy issues in the Industrial and Commercial segment. Despite these hurdles, there were positive developments in the Mining and Royalty and Multifamily segments, alongside new joint ventures in industrial development, which offer a promising outlook for future growth.

FRP Holdings Reports Q2 2025 Earnings

FRP Holdings, Inc. is a real estate investment and development company operating in four business segments: Multifamily, Industrial and Commercial Development, Mining and Royalty Lands, and Development. The company is based in Jacksonville, Florida and is listed on NASDAQ under the ticker FRPH.