FRP HOLDINGS, INC.

# FRP Holdings, Inc. (FRPH)

Based in Jacksonville, Florida, FRP Holdings operates as a diversified real estate company with holdings across multiple property types and geographies. The company acquires, owns, leases, and manages real estate assets, generating revenue primarily through property leasing, royalty payments, and development activities.

The company operates through four business segments. The Industrial and Commercial segment consists of owned and leased commercial properties. The Mining Royalty Lands segment owns and leases mineral rights across Florida, Georgia, and Virginia, generating royalty income from mining operations. The Development segment holds land parcels at various development stages and constructs multifamily, retail, warehouse, and office properties. The Multifamily segment owns and operates apartment buildings primarily through joint venture arrangements.

FRP Holdings operates with a small corporate staff of 19 full-time employees, reflecting its asset-holding structure rather than a large operational workforce. The company is incorporated in Florida and trades on Nasdaq with a market capitalization of approximately $500 million. Its business model centers on long-term real estate ownership and passive income generation rather than active development or management services.