FRIEDMAN INDUSTRIES INC
For the period ended Mar 31, 2025. Filed Jun 12, 2025.
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FY2025 · Filed Jun 12, 2025
FRD$37.57+4.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Properties
The principal real properties of the Company are described in the following table:
| Location | Approximate Size | Ownership |
|---|---|---|
| Lone Star, Texas | ||
| Plant — Texas Tubular Products | 118,260 sq. feet | Owned(1) |
| Offices — Texas Tubular Products | 10,500 sq. feet | Owned(1) |
| Land — Texas Tubular Products | 81.7 acres | Owned(1) |
| Longview, Texas | ||
| Offices — Administrative | 5,100 sq. feet | Leased(2) |
| Hickman, Arkansas | ||
| Plant and Warehouse — Flat Roll Products | 64,600 sq. feet | Owned(1) |
| Offices — Flat Roll Products | 2,500 sq. feet | Owned(1) |
| Land — Flat Roll Products | 26.2 acres | Owned(1) |
| Decatur, Alabama | ||
| Plant and Warehouse — Flat Roll Products | 48,000 sq. feet | Owned(1) |
| Offices — Flat Roll Products | 2,000 sq. feet | Owned(1) |
| Land — Flat Roll Products | 47.3 acres | Owned(1) |
| Sinton, Texas | ||
| Plant and Warehouse — Flat Roll Products | 70,000 sq. feet | Leasehold Improvement (3) |
| Offices — Flat Roll Products | 3,100 sq. feet | Leasehold Improvement (3) |
| Land — Flat Roll Products | 26.5 acres | Leased (3) |
| East Chicago, Indiana | ||
| Plant and Warehouse — Flat Roll Products | 150,900 sq. feet | Owned (1) |
| Offices — Flat Roll Products | 3,200 sq. feet | Owned (1) |
| Land — Flat Roll Products | 5.0 acres | Owned (1) |
| Granite City, Illinois | ||
| Plant and Warehouse — Flat Roll Products | 321,000 sq. feet | Leasehold Improvement (4) |
| Offices — Flat Roll Products | 4,400 sq. feet | Leasehold Improvement (4) |
| Land — Flat Roll Products | 31.1 acres | Leased (4) |
| The Woodlands, Texas | ||
| Offices — Administrative | 5,000 sq. feet | Leased (5) |
| (1) | All of the Company’s owned real properties, plants and offices are held in fee and are not subject to any mortgage or deed of trust. |
| (2) | The office lease is with a non-affiliated party, expires on April 30, 2027, and requires a monthly rental payment of approximately $5,000. |
| (3) | The associated lease is a 99 year lease with Steel Dynamics Inc. that calls for an annual rental payment of $1 and has an expiration date of February 19, 2120. |
| (4) | The associated lease is with America's Central Port District. The lease expires on August 31, 2028 and requires a monthly rental payment of approximately $13,300. |
| (5) | The office lease is with a non-affiliated party, expires on February 28, 2029, requires a monthly rental payment of approximately $11,600 and a monthly payment of proportionate operating costs of approximately $4,800. |
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