FRP HOLDINGS, INC.
For the period ended Dec 31, 2024. Filed Mar 18, 2025.
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FY2024 · Filed Mar 18, 2025
FRPH$19.00-4.2%Stored close · as of Nov 10, 2026
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Consolidated balance sheets at December 31, 202 and
CONSOLIDATED BALANCE SHEETS –As of December 31
(In thousands, except share data)
| Assets: | December 31,2024 | December 31,2023 |
|---|---|---|
| Real estate investments at cost: | ||
| Land | $168,943 | 141,602 |
| Buildings and improvements | 283,421 | 282,631 |
| Projects under construction | 32,770 | 10,845 |
| Total investments in properties | 485,134 | 435,078 |
| Less accumulated depreciation and depletion | 77,695 | 67,758 |
| Net investments in properties | 407,439 | 367,320 |
| Real estate held for investment, at cost | 11,722 | 10,662 |
| Investments in joint ventures | 153,899 | 166,066 |
| Net real estate investments | 573,060 | 544,048 |
| Cash and cash equivalents | 148,620 | 157,555 |
| Cash held in escrow | 1,315 | 860 |
| Accounts receivable, net | 1,352 | 1,046 |
| Federal and state income taxes receivable | — | 337 |
| Unrealized rents | 1,380 | 1,640 |
| Deferred costs | 2,136 | 3,091 |
| Other assets | 622 | 589 |
| Total assets | $728,485 | 709,166 |
| Liabilities: | ||
| Secured notes payable | $178,853 | 178,705 |
| Accounts payable and accrued liabilities | 6,026 | 8,333 |
| Other liabilities | 1,487 | 1,487 |
| Federal and state income taxes payable | 611 | — |
| Deferred revenue | 2,437 | 925 |
| Deferred income taxes | 67,688 | 69,456 |
| Deferred compensation | 1,465 | 1,409 |
| Tenant security deposits | 805 | 875 |
| Total liabilities | 259,372 | 261,190 |
| Commitments and contingencies | ||
| Equity: | ||
| Common stock, $.10 par value 25,000,000 shares authorized, 19,046,894 and 18,968,448 shares issued and outstanding, respectively | 1,905 | 1,897 |
| Capital in excess of par value | 68,876 | 66,706 |
| Retained earnings | 352,267 | 345,882 |
| Accumulated other comprehensive income, net | 55 | 35 |
| Total shareholders’ equity | 423,103 | 414,520 |
| Noncontrolling interests | 46,010 | 33,456 |
| Total equity | 469,113 | 447,976 |
| Total liabilities and equity | $728,485 | 709,166 |
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