FRP Holdings, Inc. (FRPH) Stock

FRP Holdings, Inc. (FRPH) is a Real Estate stock trading at $22.80 (as of 2026-08-24), with a market capitalization of $437.08M and a trailing P/E of 468.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

FRP Holdings, Inc. engages in the real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment owns various properties comprising approximately 15,000 acres under lease for mining rents or royalties primarily in Florida, Georgia, and Virginia. This segment also owns an additional 107 acres of investment property in Brooksville, Florida. The Development segment owns and monitors the use of parcels of land that are in various stages of development. The Stabilized Joint Venture segment owns, leases, and manages a 305-unit residential apartment building with approximately 14,430 square feet of first floor retail space; 264-unit residential apartment building with 6,758 square feet of retail space; and 294-unit garden-style apartment community located in Henrico County, Virginia that consists of 19 three-story apartment buildings containing 273,940 rentable square feet. FRP Holdings, Inc. was incorporated in 2014 and is based in Jacksonville, Florida.

Understand FRP Holdings, Inc.: how it makes money

FRP Holdings operates real estate businesses, earning money from leasing and managing commercial properties, earning mining rents or royalties from leased land, and generating results from development and stabilized joint-venture properties.

The company’s profit model is driven by cash flow from owned real estate that produces recurring income through leases (commercial properties) and through mining rents or royalties from land under lease.

Revenue by segment (latest quarter)
Asset Mgmt$0.0B
Mining Rylty$0.0B
Development$0.0B
Stabilized JV$0.0B

Business quality (Weak): FRP is a multi-segment real estate operator with explicit income sources (lease revenue and mining rents or royalties), but the latest-quarter segment revenue signals shown here are very small, and the disclosed mining-related revenue line item is 0.0B, which raises near-term earnings visibility risk.

Valuation: At 474× earnings, FRPH trades 1279% above the Real Estate average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Multiple income engines: The company operates four segments, including Asset Management (owns, leases, and manages commercial properties) and Mining Royalty Lands (mining rents or royalties from properties under lease).
  • Scale in royalty-land portfolio: Mining Royalty Lands includes approximately 15,000 acres under lease for mining rents or royalties, primarily in Florida, Georgia, and Virginia.
  • Stabilized joint-venture contribution: Segment line items indicate revenue associated with Dock 79 and The Maren (0.01B in the provided data), consistent with a stabilized joint-venture component.

Bear case

  • Near-term revenue concentration in the provided snapshot: The provided data shows lease-related and Dock 79 and The Maren-related revenue at 0.01B, while mining and royalty-related revenue is shown at 0.0B.
  • Exposure to lease and occupancy dynamics: Because Asset Management relies on commercial property leasing and management, earnings can be sensitive to tenant demand and lease renewals, which can change over time.
  • Geographic concentration for mining royalties: Mining Royalty Lands is primarily located in Florida, Georgia, and Virginia, which can concentrate economic or regulatory risk in those regions.
Valuation — source: SEC EDGAR (first-party)
Price$22.80
Market Cap$437.08M
P/E Ratio468.5
EV / EBITDA31.5
Price / Book0.96
Price / Sales10.13
FCF Yield-6.1%
DCF Value (model)$23.77
DCF Upside vs Price4.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$42.85M
Net Margin7.8%
Revenue Growth (YoY)2.8%
EPS Growth (YoY)-144.4%
FCF Growth (YoY)-367.6%
Valuation vs Sector & Industry
Stock P/E468.5
Sector P/E (Real Estate)27.3
Industry P/E (Real Estate)29.6
vs Sector1617.9%
vs Industry1482.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderHighTower Advisors, LLC ($42.16M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryReal Estate
CEOJohn D. Baker
Employees19
CountryUS
IPO Date1986-07-02

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FRPH earnings history · FRPH institutional & insider holders · FRPH KPIs & operating metrics · FRPH financials · FRPH investor presentations & press releases · FRPH SEC filings · FRPH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.