Company Quick10K Filing
FRP Holdings
10-Q 2020-03-31 Filed 2020-05-14
10-K 2019-12-31 Filed 2020-03-12
10-Q 2019-09-30 Filed 2019-11-08
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-03-15
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-16
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-08
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-09-30 Filed 2016-12-12
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-05
10-Q 2015-12-31 Filed 2016-02-05
10-K 2015-09-30 Filed 2015-12-11
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-08
10-Q 2014-12-31 Filed 2015-02-05
10-K 2014-09-30 Filed 2014-12-08
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-07
10-Q 2013-12-31 Filed 2014-02-03
10-K 2013-09-30 Filed 2013-12-04
10-Q 2013-06-30 Filed 2013-08-07
10-Q 2013-03-31 Filed 2013-05-01
10-Q 2012-12-31 Filed 2013-02-06
10-K 2012-09-30 Filed 2012-12-06
10-Q 2012-06-30 Filed 2012-08-01
10-Q 2012-03-31 Filed 2012-05-02
10-Q 2011-12-31 Filed 2012-02-01
10-K 2011-09-30 Filed 2011-12-08
10-Q 2011-06-30 Filed 2011-08-03
10-Q 2011-03-31 Filed 2011-05-04
10-Q 2010-12-31 Filed 2011-02-02
10-K 2010-09-30 Filed 2010-12-03
10-Q 2010-06-30 Filed 2010-08-04
10-Q 2010-03-31 Filed 2010-05-05
10-Q 2009-12-31 Filed 2010-02-03
8-K 2020-05-06 Shareholder Vote, Regulation FD
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-04-24 Other Events, Exhibits
8-K 2020-03-31 Amend Bylaw, Other Events, Exhibits
8-K 2020-03-04
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

Quarterly | Annual

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, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Realogy Holdings (RLGY) 785 0% 16.1 -2% 7,717 5,534 5,832 0 -120 266 4,290
Forestar Group (FOR) 741 8% 16.3 2% 1,456 647 428 36 36 52 856
Gladstone Commercial (GOOD) 727 0% 18.3 1% 978 634 112 0 12 72 1,309
Retail Value (RVI) 710 0% 3.0 5% 1,686 730 251 0 89 179 540
Bluegreen Vacations (BXG) 689 74% 4.3 4% 1,361 890 744 553 53 106 457
Ellington Financial (EFC) 623 5.6 1% 3,627 2,958 0 0 44 120 675
Front Yard Residential (RESI) 616 0% 45.7 -5% 2,077 1,715 209 0 -114 12 535
EXP World (EXPI) 529 0% -56.7 -11% 98 53 706 0 -10 -9 489
FRP Holdings (FRPH) 486 0% 23.1 3% 536 146 18 0 14 22 504
Boston Omaha (BOMN) 483 57% 80.2 -1% 426 86 30 17 -6 6 491
Tejon Ranch (TRC) 455 0% 101.3 0% 534 99 29 0 1 5 513
BBX Capital (BBX) 437 1% 0.2 2% 1,817 1,163 959 12 39 126 19
Nam Tai Property (NTP) 340 0% 318 90 0 0 0 0 340
Rafael Holdings (RFL) 333 0% -88.0 -4% 140 1 4 0 -5 -4 322
Consolidated Tomoka Land (CTO) 297 77% 9.8 5% 583 384 77 60 30 58 569
American Realty Investors (ARL) 246 0% 2.5 17% 832 534 61 0 138 158 403
Pico Holdings (PICO) 210 0% 28.5 4% 178 2 19 0 7 7 198
Griffin Industrial Realty (GRIF) 192 93% 21.7 2% 264 167 26 25 5 15 328
Maui Land & Pineapple (MLP) 190 0% -147.5 -3% 48 16 9 0 -1 -1 189
MMA Capital Management (MMAC) 179 9.7 8% 374 154 0 0 32 32 313

Balance Sheet ($MM)2011-09-302011-12-312012-03-312012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash21192071511111111101130003573116923307676
Accounts Receivable799767881010988111111111111111111
Inventory1111111111111
PP&E314319319339348343347356366366369373375278279281292293287301310229375470374204207235212204203
Assets266268269276277278284287304300304313312252249253257256256266270271416419418550507505506535536
Accounts Payable4545546776876
Long-Term Debt67666567,37966645553,2525251506749464452393837464341118122118898989909395
Liabilities1021019910198969894108101102107103746970666362706867162154153164119122122144146
Stockholders' Equity164167170175179182185193195199203206210178180182191193194196201204230244245367369365366373373
Income Statement ($MM)2011-09-302011-12-312012-03-312012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue30313334363739404140409899109109912121366666
Cost of Revenue232425252627303131313011111111111
Gross Profit78891010991010102448999891112
R&D
SG&A01010001000121111
Tax1121241122211151111117-111-01111
Net Income22323722323122721124513212022102
Cash Flow ($MM)2011-09-302011-12-312012-03-312012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating53461174511462546356546652-49357
Cash Investing-6-2-9-2-14-190-10-11-41-1-3-1-12-15-4-5-3-6-253506259
Cash Financing-1-1-0-1-1-815-4-27-2-1-4-1-6-2-36-10-13-1-290-2-4-3