Company Quick10K Filing
FRP Holdings
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 10 $495
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-03-15 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-16 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2016-12-12 Annual: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-Q 2016-02-05 Quarter: 2015-12-31
10-K 2015-12-11 Annual: 2015-09-30
10-Q 2015-08-06 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-Q 2015-02-05 Quarter: 2014-12-31
10-K 2014-12-08 Annual: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-Q 2014-02-03 Quarter: 2013-12-31
10-K 2013-12-04 Annual: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-01 Quarter: 2013-03-31
10-Q 2013-02-06 Quarter: 2012-12-31
10-K 2012-12-06 Annual: 2012-09-30
10-Q 2012-08-01 Quarter: 2012-06-30
10-Q 2012-05-02 Quarter: 2012-03-31
10-Q 2012-02-01 Quarter: 2011-12-31
10-K 2011-12-08 Annual: 2011-09-30
10-Q 2011-08-03 Quarter: 2011-06-30
10-Q 2011-05-04 Quarter: 2011-03-31
10-Q 2011-02-02 Quarter: 2010-12-31
10-K 2010-12-03 Annual: 2010-09-30
10-Q 2010-08-04 Quarter: 2010-06-30
10-Q 2010-05-05 Quarter: 2010-03-31
10-Q 2010-02-03 Quarter: 2009-12-31
8-K 2019-11-06
8-K 2019-08-08
8-K 2019-08-05
8-K 2019-05-06
8-K 2019-05-06
8-K 2019-03-07
8-K 2018-12-05
8-K 2018-11-07
8-K 2018-08-02
8-K 2018-05-24
8-K 2018-05-14 Other Events
8-K 2018-05-08
8-K 2018-03-22 Enter Agreement, Other Events, Exhibits
8-K 2018-03-07

FRP Holdings Financials

FRPH Metrics, Comps, Filings

Annual | Quarterly

Business

FRP Holdings, Inc. was incorporated on April 22, 2014 in connection with a corporate reorganization that preceded the Spin-off of Patriot Transportation Holding, Inc. The Company's successor issuer was formed on July 20, 1998. The business of the Company is conducted through our wholly-owned subsidiaries FRP Development Corp., a Maryland corporation and Florida Rock Properties, Inc., a Florida corporation, and the various subsidiaries of each.

Our Business. FRP Holdings, Inc. (the "Company") is a holding company engaged in various real estate businesses. The segments of the Company include: (i) leasing and management of commercial properties owned by the Company (the "Asset Management Segment"), (ii) leasing and management of mining royalty land owned by the Company (the "Mining Royalty Lands Segment"), (ii) real property acquisition, entitlement, development and construction primarily for apartment, retail, warehouse, and office buildings either alone or through joint ventures (the "Development Segment"), (iv) leasing and management of a residential apartment building (the "Stabilized Joint Venture Segment").

On May 21, 2018, the Company completed the disposition of 40 industrial warehouse properties and three additional land parcels to an affiliate of Blackstone Real Estate Partners VIII, L.P. for $347.2 million. One warehouse property valued at $11.7 million was excluded from the sale due to the tenant exercising its right of first refusal to purchase the property. These properties comprised substantially all the assets of our Asset Management segment and have been reclassified as discontinued operations for all periods presented.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Bluegreen Vacations (BXG) 835 96% 4.9 4% 1,351 890 740 711 55 123 607
Realogy Holdings (RLGY) 804 0% 7.7 1% 7,954 5,701 5,879 0 53 577 4,451
Gladstone Commercial (GOOD) 723 0% 14.4 1% 970 620 110 0 12 90 1,290
EXP World (EXPI) 664 3% -38.0 -17% 105 65 731 22 -18 -17 629
Retail Value (RVI) 655 0% 2.7 3% 1,730 846 260 0 58 189 503
Front Yard Residential (RESI) 624 0% 11.6 -6% 2,102 1,697 207 0 -126 47 543
Ellington Financial (EFC) 562 5.7 1% 3,128 2,534 0 0 34 106 604
Boston Omaha (BOMN) 503 59% 275.1 -3% 390 66 33 20 -12 2 491
FRP Holdings (FRPH) 495 0% 19.5 3% 535 144 23 0 15 26 512
BBX Capital (BBX) 454 1% 0.6 1% 1,802 1,167 959 12 25 119 73
Tejon Ranch (TRC) 432 0% 43.1 1% 529 94 35 0 5 11 493
Nam Tai Property (NTP) 340 0% 318 90 0 0 0 0 340
Rafael Holdings (RFL) 304 0% -259.0 -2% 143 17 5 0 -3 -1 291
Consolidated Tomoka Land (CTO) 302 71% 9.2 5% 578 380 84 59 29 57 522
Pico Holdings (PICO) 228 0% 281.3 0% 177 2 17 0 1 1 219
American Realty Investors (ARL) 214 0% 1.9 21% 818 507 82 0 168 223 433
MMA Capital Management (MMAC) 200 4.3 20% 326 111 0 0 66 68 295
Griffin Industrial Realty (GRIF) 192 93% 18.5 2% 264 167 26 25 5 18 328
Maui Land & Pineapple (MLP) 190 0% 250.5 2% 48 17 10 0 1 1 189
Leju (LEJU) 166 0% 417 175 0 0 0 0 18

Balance Sheet ($MM)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-12-312018-12-31
Cash2171100523
Accounts Receivable77881111
Inventory1111
PP&E744777376207
Assets266276287313253266419505
Accounts Payable4577
Long-Term Debt6767,37949,90463493612289
Liabilities102101941077070154122
Stockholders' Equity164175193206182196244365
Income Statement ($MM)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-12-312018-12-31
Revenue9810311212935374322
Cost of Revenue9096103123433
Gross Profit8796121640
R&D
SG&A11122
Tax45464671
Net Income128151081261124
Cash Flow ($MM)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-12-312018-12-31
Cash Operating212027231719216
Cash Investing-12-32-23-39-10-15-17-245
Cash Financing-5-3-1117-8-51-7