FRP (FRPH)
Owns apartments, industrial properties, mining royalty lands, and development parcels.
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Runs a compact real-estate platform across multifamily joint ventures, industrial and commercial properties, mining royalty lands, and development parcels. Activity is concentrated along the Eastern Seaboard, with results shaped by lease-up execution, mining tenant demand, interest rates, construction costs, and weather exposure.
Owns and manages a focused real-estate portfolio through Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily segments. The assets include warehouses, an office building, ground leases, leased quarry land, apartment and mixed-use joint ventures, and parcels being moved toward construction, sale, or partnership.
Works mainly along the Eastern Seaboard, with mining land concentrated in Florida and Georgia and a real-estate team anchored in Jacksonville and Baltimore. A small in-house workforce manages assets, joint ventures, and development decisions.
Execution depends on keeping apartments leased, filling industrial vacancies, integrating the Altman Logistics platform, and maintaining mineral-royalty relationships with a small group of mining tenants. Interest rates, construction costs, supply chains, tariffs, and severe weather shape project economics.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $101.0M · Total debt $214.6M · Total assets $762.3M · Shareholders' equity $428.9M
- Revenue
- $11.1M
- Operating income
- $1.5M
- Net income
- −$259.0K
No dividends on record.
| Institutions | ≈ 48.40% | 9.29M shares | |
|---|---|---|---|
| 110 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 22.80% | 4.38M shares | |
| 12 holders · as of Aug 18, 2026 | |||
| Other | ≈ 28.80% | 5.53M shares | |
| remainder | |||
19.20M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
John D. Ii Baker1Insiderdirector, 10 percent owner | 17.81% | 3.41M | filed Aug 18, 2026 |
Hightower Advisors, LLCInstitution | 10.06% | 1.93M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.78% | 1.11M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.72% | 1.10M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.70% | 519,009 | as of Jun 30, 2026 |
- John D. Ii Baker's transaction reports restate only vehicles that traded; the 2026 ownership statement (3.41M) plus the 9.1K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | John D. Ii Baker | director, 10 percent owner: | +8,189 | $21.97 |
| Aug 17, 2026 | John D. Ii Baker | director, 10 percent owner: | +957 | $21.97 |
| Aug 7, 2026 | John D. III Baker | director, officer: CEO | +6,800 | $21.91 |
| Mar 23, 2026 | John D. Ii Baker | director, 10 percent owner: | +478,468 | $20.90 |
| Mar 14, 2025 | John D. Ii Baker | director, 10 percent owner: | +6,608 | $27.45 |
- First Industrial Realty Trust
Industrial landlord with direct warehouse and park overlap
- St. Joe
Southeast land developer competing across mixed-use real estate
- Natural Resource Partners
Mineral-rights lessor with royalty lease economics overlap
- Equity Residential
Large apartment REIT competing for urban renters and sites
- EastGroup Properties
Industrial REIT focused on Sunbelt distribution properties
- Howard Hughes
Mixed-use developer with operating assets and land pipeline
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FRP | $21.13 | −1.36% | $410.6M | 4,119.2 | — | 9.5 | +2.2% |
| First Industrial Realty Trust | $61.50 | −0.63% | $8.20B | 22.6 | 34.4 | 10.8 | +8.2% |
| St. Joe | $64.65 | −2.36% | $3.77B | 30.9 | — | 6.9 | +23.0% |
| Natural Resource Partners | $108.98 | −0.71% | $1.45B | 14.0 | — | 7.5 | +2.7% |
| Equity Residential | $61.68 | −1.07% | $23.38B | 27.3 | 39.8 | 7.5 | +2.1% |
| EastGroup Properties | $204.14 | +0.34% | $10.94B | 35.7 | 36.9 | 14.5 | +9.1% |
| Howard Hughes | $64.76 | −2.01% | $3.94B | 13.4 | 20.5 | 1.7 | +330.2% |
| Median | 25.0 | 35.7 | 7.5 | +8.6% |