FRP HOLDINGS, INC.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 2026
FRPH$19.00-4.2%Stored close · as of Nov 10, 2026
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Item 1. Financial Statements
CONSOLIDATED BALANCE SHEETS
(Unaudited) (In thousands, except share data)
| Assets: | March 312026 | December 312025 |
|---|---|---|
| Real estate investments at cost: | ||
| Land | $182,887 | 182,936 |
| Buildings and improvements | 310,168 | 309,132 |
| Projects under construction | 57,354 | 45,032 |
| Total investments in properties | 550,409 | 537,100 |
| Less accumulated depreciation and depletion | 91,412 | 88,558 |
| Net investments in properties | 458,997 | 448,542 |
| Real estate held for investment, at cost | 12,741 | 12,626 |
| Investments in joint ventures | 155,065 | 153,084 |
| Net real estate investments | 626,803 | 614,252 |
| Cash, cash equivalents and restricted cash including $10,889 and $11,394 of restricted cash at March 31, 2026 and December 31, 2025, respectively | 107,859 | 105,361 |
| Accounts receivable, net | 1,950 | 1,874 |
| Federal and state income taxes receivable | 1,279 | 1,071 |
| Unrealized rents | 1,299 | 1,264 |
| Deferred costs | 3,637 | 3,768 |
| Goodwill | 6,893 | 6,893 |
| Other assets | 669 | 662 |
| Total assets | $750,389 | 735,145 |
| Liabilities: | ||
| Notes payable, net | $203,916 | 192,554 |
| Accounts payable and accrued liabilities | 17,122 | 12,148 |
| Other liabilities | 2,407 | 2,317 |
| Deferred revenue | 3,401 | 3,356 |
| Deferred income taxes | 66,901 | 66,900 |
| Deferred compensation | 1,546 | 1,524 |
| Tenant security deposits | 699 | 689 |
| Total liabilities | 295,992 | 279,488 |
| Commitments and contingencies | ||
| Equity: | ||
| Common stock, $.10 par value25,000,000 shares authorized,19,170,275 and 19,109,541 shares issuedand outstanding, respectively | 1,917 | 1,911 |
| Capital in excess of par value | 71,730 | 71,368 |
| Retained earnings | 354,523 | 355,210 |
| Accumulated other comprehensive income, net | 8 | 24 |
| Total shareholders’ equity | 428,178 | 428,513 |
| Noncontrolling interests | 26,219 | 27,144 |
| Total equity | 454,397 | 455,657 |
| Total liabilities and equity | $750,389 | 735,145 |
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