FRP Holdings (FRPH)
NASDAQ:FRPH
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FRP Holdings
(NASDAQ:FRPH)
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Rating:62Neutral
Price Target:
$26.00
▲(12.70% Upside)
Action:ReiteratedDate:01/15/26
FRPH presents a mixed investment profile marked by strong top-line growth and a solid balance sheet, offset by a very expensive valuation and negative cash flow trends. While technicals show positive short-term momentum, the long-term trend faces resistance. Adjusted earnings growth is promising, but the high P/E ratio and current margin pressures keep the overall score in the moderate range.
Positive Factors
Revenue Growth
Strong revenue growth indicates robust market demand and effective business strategies, supporting long-term expansion and competitiveness.
Negative Factors
Declining Profit Margins
Decreasing profit margins can strain profitability, reducing the company's ability to reinvest in growth and impacting long-term financial health.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong revenue growth indicates robust market demand and effective business strategies, supporting long-term expansion and competitiveness.
Read all positive factors
FRP Holdings (FRPH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$432.58M
Dividend YieldN/A
Average Volume (3M)80.76K
Price to Earnings (P/E)174.3
Beta (1Y)0.44
Revenue Growth2.69%
EPS Growth-39.40%
CountryUS
Employees19
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.04
Shares Outstanding19,115,522
10 Day Avg. Volume81,415
30 Day Avg. Volume80,764
Financial Highlights & Ratios
PEG Ratio4.23
Price to Book (P/B)1.37
Price to Sales (P/S)13.85
P/FCF Ratio19.96
Enterprise Value/Market Cap1.12
Enterprise Value/Revenue11.38
Enterprise Value/Gross Profit17.75
Enterprise Value/Ebitda25.77
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FRP Holdings Business Overview & Revenue Model
Company Description
FRP Holdings, Inc. (FRPH) is a diversified real estate investment and development company based in the United States. The company primarily operates in the commercial real estate sector, focusing on the acquisition, development, and management of ...
How the Company Makes Money
FRP Holdings generates revenue through several key streams. Primarily, the company earns income from leasing its commercial properties to tenants, which provides a stable and recurring revenue base. Additionally, FRPH may realize profits from the ...
FRP Holdings Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 10, 2026
Earnings Call Sentiment Neutral
The earnings call shows a mixed sentiment with significant challenges in net income and occupancy rates in some segments, but also highlights positive trends in adjusted net income, development pipeline growth, and leasing activity. While there are promising developments, particularly in future NOI from the development pipeline, the immediate financial metrics show areas of concern.Positive Updates
Adjusted Net Income Increase
Excluding acquisition expenses, adjusted net income was up $281,000 or 21% over last year's third quarter.
Negative Updates
Net Income Decrease
Net income for the third quarter decreased 51% to $700,000 or $0.03 per share versus $1.4 million or $0.07 per share in the same period last year.
Read all updates
Q3-2025 Updates
Positive
Negative
Adjusted Net Income Increase
Excluding acquisition expenses, adjusted net income was up $281,000 or 21% over last year's third quarter.
Read all positive updates
Company Guidance
In the third quarter of fiscal year 2025, FRP Holdings Inc. reported a 51% decrease in net income to $700,000 or $0.03 per share, compared to $1.4 million or $0.07 per share in the same period last year. This decline was largely attributed to $1.3 million in expenses associated with the acquisition of Altman Logistics Properties. However, excluding these acquisition expenses, adjusted net income increased by 21% or $281,000 over last year's third quarter. The company's pro rata share of net operating income (NOI) decreased by 16% year-over-year to $9.5 million, primarily due to a one-time minimum royalty payment received in the previous year's third quarter. Adjusted NOI, excluding this one-time payment, increased by $104,000 compared to last year's third quarter. The Commercial and Industrial segment saw a 16% decrease in total revenues to $1.2 million, while the Mining and Royalty business segment reported a 15% increase in total revenues to $3.7 million. In the Multifamily segment, total revenues were $14.6 million, with FRP's share totaling $8.5 million, a 2.9% increase over the same period last year, although NOI declined by 3.2% due to higher operating costs and property taxes. The company remains focused on improving occupancy rates and expects significant contributions from new projects and acquisitions in the coming years.FRP Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| 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 | 18.75M | 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 | 537.35M |
| Cash, Cash Equivalents and Short-Term Investments | 134.85M | 148.62M | 157.56M | 177.50M | 165.84M | 74.11M |
| 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 | 154.70M |
| Stockholders Equity | 427.72M | 423.10M | 414.52M | 407.14M | 396.42M | 367.65M |
Cash Flow | ||||||
| Free Cash Flow | 28.83M | 28.99M | 32.97M | 71.53M | 52.21M | 1.07M |
| Operating Cash Flow | 28.83M | 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
Neutral
23.07
Price Trends
23.06
Negative
23.18
Negative
24.37
Negative
Market Momentum
-0.31
Negative
47.86
Neutral
78.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRPH, the sentiment is Neutral. The current price of 23.07 is above the 20-day moving average (MA) of 21.90, above the 50-day MA of 23.06, and below the 200-day MA of 24.37, indicating a neutral trend. The MACD of -0.31 indicates Negative momentum. The RSI at 47.86 is Neutral, neither overbought nor oversold. The STOCH value of 78.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FRPH.
FRP Holdings Risk Analysis
FRP Holdings disclosed 23 risk factors in its most recent earnings report. FRP Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
FRP Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $516.78M | 5.12 | 10.11% | 11.98% | -21.98% | -25.08% | |
62 Neutral | $432.58M | 174.30 | 1.09% | ― | 2.69% | -39.40% | |
59 Neutral | $190.00M | 18.48 | 1.84% | ― | -6.06% | ― | |
52 Neutral | $355.51M | 36.69 | 1.64% | ― | 0.13% | 75.97% | |
45 Neutral | $323.46M | -31.99 | -35.32% | ― | 73.49% | -130.52% |
* Real Estate Sector Average
FRPH
FRP Holdings
22.63
-4.58
-16.83%
MLP
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16.28
-0.61
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NEN
New England Realty Associates Partnershi
58.68
-18.48
-23.95%
TCI
Transcontinental Realty Investors
41.15
11.16
37.21%
RMAX
Re/Max Holdings
5.81
-1.90
-24.64%
RMR
The RMR Group
16.12
2.32
16.80%
FRP Holdings Corporate Events
Business Operations and StrategyM&A Transactions
FRP Holdings Completes Acquisition of Altman Logistics
Positive
Oct 21, 2025
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 con...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.