FRP HOLDINGS, INC.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
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FY2025 · Filed Apr 15, 2026
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 31,2025 | December 31,2024 |
|---|---|---|
| Real estate investments at cost: | ||
| Land | $182,936 | 168,943 |
| Buildings and improvements | 309,132 | 283,421 |
| Projects under construction | 45,032 | 32,770 |
| Total investments in properties | 537,100 | 485,134 |
| Less accumulated depreciation and depletion | 88,558 | 77,695 |
| Net investments in properties | 448,542 | 407,439 |
| Real estate held for investment, at cost | 12,626 | 11,722 |
| Investments in joint ventures | 153,084 | 153,899 |
| Net real estate investments | 614,252 | 573,060 |
| Cash, cash equivalents and restricted cash including $11,394 and $1,315 of restricted cash at December 31, 2025 and 2024, respectively | 105,361 | 149,935 |
| Accounts receivable, net | 1,874 | 1,352 |
| Federal and state income taxes receivable | 1,071 | — |
| Unrealized rents | 1,264 | 1,380 |
| Deferred costs | 3,768 | 2,136 |
| Goodwill | 6,893 | — |
| Other assets | 662 | 622 |
| Total assets | $735,145 | 728,485 |
| Liabilities: | ||
| Secured notes payable | $192,554 | 178,853 |
| Accounts payable and accrued liabilities | 12,148 | 6,026 |
| Other liabilities | 2,317 | 1,487 |
| Federal and state income taxes payable | — | 611 |
| Deferred revenue | 3,356 | 2,437 |
| Deferred income taxes | 66,900 | 67,688 |
| Deferred compensation | 1,524 | 1,465 |
| Tenant security deposits | 689 | 805 |
| Total liabilities | 279,488 | 259,372 |
| Commitments and contingencies | ||
| Equity: | ||
| Common stock, $.10 par value 25,000,000 shares authorized, 19,109,541 and 19,046,894 shares issued and outstanding, respectively | 1,911 | 1,905 |
| Capital in excess of par value | 71,368 | 68,876 |
| Retained earnings | 355,210 | 352,267 |
| Accumulated other comprehensive income, net | 24 | 55 |
| Total shareholders’ equity | 428,513 | 423,103 |
| Noncontrolling interests | 27,144 | 46,010 |
| Total equity | 455,657 | 469,113 |
| Total liabilities and equity | $735,145 | 728,485 |
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