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FRP Holdings (FRPH) earnings and revenue breakdown

Latest: Q3 2026 · 8-K filed Nov 4, 2026

Q3 2026 Revenue up 2% year over year to $11.0M · 3¢ of every $1 of revenue lost · operating margin 12.6%

FRP Holdings made $11.0M in Q3 2026 (+2% Y/Y): Lease revenue $6.9M, Mining royalty and rents $4.0M, Joint venture management fee revenue $49K. Operating margin 12.6%, net loss $381K. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 4, 2026 (preliminary, from the earnings release).

Revenue$11.0M
Year over year+2%
Operating margin12.6%
Net earnings−$381K
Operating cash flow—

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $11.0M in Q3 2026, up 2% year over year and down 1% from the previous quarter. Lease revenue was the largest line at 63% of revenue. Mining royalty and rents added $351K year over year (up 10%), 188% of the total change. Lease revenue declined 3%.

Operating profit was $1.4M, a 12.6% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 11% reached operating profit, below the 13% margin then. Total costs grew 2% against revenue growth of 2%. The fastest-growing cost line was General & admin (+43%). The quarter ended with a net loss of $381K, wider than the previous quarter's $344K loss. Minority interests bore $216K of it: to shareholders the quarter was a loss of $165K. Net interest and other expense of $1.8M was the main reason.

Quarterly history

FRP Holdings revenue by quarterFRP Holdings revenue by quarter$10.3MQ1 2025$10.8MQ2 2025$10.8MQ3 2025$10.9MQ4 2025$10.6MQ1 2026$11.1MQ2 2026$11.0MQ3 2026
FRP Holdings net earnings by quarterFRP Holdings net earnings by quarter$1.7MQ1 2025$578KQ2 2025$662KQ3 2025$380KQ4 2025−$921KQ1 2026−$344KQ2 2026−$381KQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 20268-KNov 4, 2026$11.0M+2%12.6%−$381K—
Q2 202610-QAug 6, 2026$11.1M+2%13.2%−$344K$1.1M
Q1 202610-QMay 14, 2026$10.6M+3%4.8%−$921K$9.7M
Q4 202510-KApr 15, 2026$10.9M+4%15.4%$380K$8.4M
Q3 202510-QNov 7, 2025$10.8M+1%12.6%$662K$8.1M
Q2 202510-QAug 8, 2025$10.8M+4%15.3%$578K$8.7M
Q1 202510-QMay 13, 2025$10.3M+2%22.6%$1.7M$4.5M

Charts

FRP Holdings: revenue growth, year over year and quarter over quarterFRP Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q+2%Q1 2025+4%+5%Q2 2025+1%-1%Q3 2025+4%+1%Q4 2025+3%-3%Q1 2026+2%+5%Q2 2026+2%-1%Q3 2026
Latest (Q3 2026): Y/Y +2%, Q/Q -1%.
FRP Holdings: where the cash came from (+) and went (−), TTM to Q2 2026FRP Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Capital spending−$69.5MCash drawn (+) / kept (−)$53.5MOther investing−$43.0MNet borrowing (+) / repaid (−)$33.5MOperating cash flow$28.3MPartners−$1.9MOther financing−$891KAsset & business sales$20K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
FRP Holdings: profit against cash, quarter by quarterFRP Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow$1.4M$6.3MQ3 2024$1.7M$7.6MQ4 2024$1.6M$4.5MQ1 2025$624K$7.7MQ2 2025$565K$9.0MQ3 2025$139K$8.4MQ4 2025−$921K$9.7MQ1 2026−$344K$1.1MQ2 2026
Latest (Q2 2026): Net income −$344K, Operating cash flow $1.1M.
FRP Holdings: diluted shares by fiscal year (split-adjusted)FRP Holdings: diluted shares by fiscal year (split-adjusted)19MFY202019MFY202119MFY202219MFY202319MFY202419MFY2025
-1.1% since FY2020: buybacks shrank the count; earlier years scaled for the 2-for-1 split before FY2022.
FRP Holdings in its industry: growth against margin (35 companies, SIC 6500)FRP Holdings in its industry: growth against margin (35 companies, SIC 6500)revenue growth, year over year →↑ operating marginmedian +8%median 10%CBRECWKPrologis, L.P.Digital Realty Trust, L.P.FORRegency Centers LPTiaa Real Estate AccountMRPHPPHudson Pacific Properties, L.P.TRNOUEUrban Edge Properties LPEFCOPICURBIIPRGTYAHRTCMTGTRCCHCIFPHSKYHSealy Industrial Partners IV, LPBEEPOZCWDMLPSRG-PARWDMUAIREAEIAOXYFRPH (+2%, 13%)
Real Estate; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About FRP Holdings

FRP Holdings, Inc., a Florida corporation (the “Company”) 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 predecessor issuer was formed on July 20, 1988. 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 and joint ventures of each. Our Business. FRP Holdings, Inc.

In its own words, from its 10-K, filed Apr 15, 2026.

FRP Holdings against its Real Estate peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +8%. Operating margin: 12.6% against the peers' median 15.9%.

CompanyQuarterRevenueY/YOp. margin
FRPH FRP HoldingsQ3 2026$11.0M+2%12.6%
CBRE CBRE GroupQ3 2026$11.5B+13%4.9%
CWK Cushman & WakefieldQ3 2026$2.8B+8%4.6%
Prologis, L.P.Q3 2026$2.4B+8%43.8%
Digital Realty Trust, L.P.Q3 2026$1.9B+21%15.9%
FOR Forestar GroupQ4 FY26$581M-13%13.5%
Regency Centers LPQ3 2026$419M+8%72.3%
Tiaa Real Estate AccountQ3 2026$303M-0.8%298.8%
MRP Millrose PropertiesQ3 2026$211M+18%85.5%

Source: FRP Holdings 8-K on SEC EDGAR · CIK 844059 · Real Estate

13F: who owns FRPH and who is buying

Largest holders of FRPH (13F)Largest holders of FRPH (13F)HighTower Advisors, LLC$48.3MBlackRock$27.7MDimensional Fund Advisors LP$27.5MVanguard Group$14.9MVanguard Capital Management LLC$13.0MGeode Capital Management, LLC$8.1MState Street$7.8MMorgan Stanley$7.2MRoyce & Associates LP$7.1MSprott$7.1M
Funds' net buying of FRPH by quarter (13F)Funds' net buying of FRPH by quarter (13F)$1.1M2024-09$962K2024-12$8.5M2025-03$733K2025-06−$5.4M2025-09$1.2M2025-12$896K2026-03$6.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FRPH

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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