Sector: Financials | Industry: Holding Companies |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 200 W. FORSYTH ST., 7TH FLOOR JACKSONVILLE FL 32202 |
Tel: | N/A |
Website: | https://www.frpdev.com |
IR: | See website |
Key People | ||
John D. Baker Executive Chairman of the Board, Chief Executive Officer | David H. Devilliers President, Chief Operating Officer, Director | John D. Baker Chief Financial Officer, Treasurer |
John Dekle Milton Executive Vice President, General Counsel, Secretary | David H. Devilliers Executive Vice President | John Daniel Klopfenstein Chief Accounting Officer, Controller |
Business Overview |
FRP Holdings, Inc. is a holding company, which is engaged in various real estate businesses. The Company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture Segment. Asset Management segment is engaged in leasing and management of commercial properties owned by the Company. Mining Royalty Lands Segment is engaged in leasing and management of mining royalty land owned by the Company. The segment owns several properties comprising approximately 16,650 acres under lease for mining rents or royalties and an additional 4,280 acres. Other than one location in Virginia, all of its mining properties are located in Florida and Georgia. Development segment real property acquisition, entitlement, development and construction primarily for apartment, retail, warehouse and office buildings either alone or through joint ventures. Stabilized Joint Venture segment ownership, leasing and management of buildings through joint ventures. |
Financial Overview |
For the fiscal year ended 31 December 2023, FRP Holdings Inc revenues increased 11% to $41.5M. Net income increased 16% to $5.3M. Revenues reflect Lease revenue increase of 8% to $29M, Mining royalty revenue increase of 17% to $12.5M. Net income benefited from Interest Income - Non Bank increase of 99% to $10.9M (income). Basic Earnings per Share excluding Extraordinary Items increased from $0.49 to $0.56. |
Employees: | 13 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $604.47M as of Dec 31, 2023 |
Annual revenue (TTM): | $41.51M as of Dec 31, 2023 |
EBITDA (TTM): | $22.66M as of Dec 31, 2023 |
Net annual income (TTM): | $5.30M as of Dec 31, 2023 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | $21.15M as of Dec 31, 2023 |
Shares outstanding: | 9,500,300 as of Mar 17, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |