FRP Holdings, Inc. (NASDAQ:FRPH) Q3 2022 Earnings Conference Call November 9, 2022 3:00 PM ET Company Participants John Baker II - Chairman and CEO David deVilliers, Jr. - President John Klopfenstein - Chief Accounting Officer John Baker III - CFO John Milton - General Counsel David deVilliers III - Executive Vice President Conference Call Participants Emerito Quintana - Numantia Curtis Jensen - Robotti & Company John Koller - Oppenheimer+Close Bill Chen - Rhizome Partners Operator Good day, everyone, and ...

Financial Data and Key Metrics Changes - Net income for Q2 2022 was $657,000 or $0.07 per share, compared to $82,000 or $0.01 per share for the same period last year [7] - Net income for the first half of 2022 was $1.329 million or $0.14 per share, down from $28.455 million or $3.03 per share last year, primarily due to a pretax write-up of $51.1 million in the previous year [7][8] - The company reported a 16% increase in net operating income (NOI) for the quarter and a 24% increase in NOI for the first half of 2022 [9] Business Line Data and Key Metrics Changes - NOI for in-house operations was $650,000 for Q2 2022, an increase of 43.5% from $453,000 in the same quarter last year [17] - Mining Royalty business segment revenues for the quarter were $2.883 million, up from $2.634 million in the same period last year, with NOI increasing by 9.9% [18] - The third-party joint ventures reported a 109% increase in NOI, totaling $3.050 million for Q2 2022 compared to $1.460 million in Q2 2021 [24] Market Data and Key Metrics Changes - The company maintained strong occupancy rates, with Dock 79 and Maren both achieving over 95% average occupancy [36] - Riverside project was 91% occupied as of the end of the quarter, with 200 apartments in lease-up [20][24] - The company has a total of 660,000 square feet of operating industrial, office, and retail space, with an additional 115,000 square feet expected to deliver in the next five months [29] Company Strategy and Development Direction - The company is focused on redeploying gains from warehouse sales into mixed-use and industrial assets [9] - Plans to develop over 1 million square feet of additional warehouse products, increasing total assets to over 1.4 million square feet [16] - The company is in growth mode, with a solid financial foundation to capitalize on opportunities [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of their tenant base and the ability to adapt to changing conditions [28] - The company is mindful of inflation and rising interest rates but remains grateful for a strong balance sheet and positive cash flows [84] - Management indicated that the market for multifamily properties in D.C. remains strong, with low cap rates for Class A buildings [47] Other Important Information - The company has not lost any long-term commercial tenants during the pandemic, highlighting the resilience of its portfolio [28] - The company is actively monitoring the supply-demand dynamics in the housing market, with both counties having less than one month of supply [42] Q&A Session Summary Question: Inquiry about mining royalties and same-store revenue - Management indicated that excluding the acquisition, royalty revenues would have been just under $100,000 below the previous year [34] Question: Future NOI expectations for Dock and Maren - Management hopes that the current NOI of $3.5 million is a reasonable run rate for the rest of the year [36] Question: COVID-related expenses - Management noted that COVID-related expenses are waning but not completely over [40] Question: Development of homebuilder lending ventures - Amber Ridge is ahead of schedule, with substantial takedowns by homebuilders [41] Question: Multifamily market opportunities in D.C. - The environment remains strong with low cap rates for Class A buildings [47] Question: Impact of Amazon on the Baltimore market - Management stated that there has been no impact on their buildings, with strong rental increases observed [53] Question: Investment pipeline and capital allocation - Management is comparing new growth opportunities with share repurchases, emphasizing a balanced approach [55][56] Question: Plans for an Investor Day - Management indicated that they do not currently plan to host an Investor Day but are open to feedback [58] Question: Financing for Riverside project - Riverside has been refinanced with a $32 million loan at a fixed rate of 4.92% [69] Question: Cash flow from joint ventures - Distributions from joint ventures will show up as cash flows from operations once the properties turn to profit [73]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) [X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to _________ Commission File Number: 001-36769 _____________________ FRP HOLDINGS, INC. (Exact name of regist ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from_________ to _________ Commission File Number: 001-36769 _____________________ FRP HOLDINGS, INC. Washington, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) [X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of regis ...

FRP Holdings, Inc. (NASDAQ:FRPH) Q1 2022 Earnings Conference Call May 13, 2022 2:30 PM ET Company Participants John Baker - CFO & Treasurer David deVilliers - President & COO Conference Call Participants Curtis Jensen - Robotti & Company Advisors Stephen Farrell - Oppenheimer + Close Bill Chen - Rhizome Partners Operator Good day, everyone, and welcome to today's earnings conference call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during t ...

Washington, D.C. 20549 _________________ FORM 10-K _________________ (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021. or [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36769 _____________________ FRP HOLDINGS, INC. (Exact name of registrant as specified in its charter) _____________________ FLORIDA 47-2449198 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) [X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to _________ Commission File Number: 001-36769 _____________________ FRP HOLDINGS, INC. (Exact name of r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) [X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to _________ Commission File Number: 001-36769 _____________________ FRP HOLDINGS, INC. (Exact name of regist ...

FRP Holdings, Inc. (NASDAQ:FRPH) Q2 2021 Earnings Conference Call August 3, 2021 11:00 AM ET Company Participants John Baker - Chairman & Chief Executive Officer David deVilliers III - Executive Vice President David deVilliers Jr. - President Conference Call Participants Bill Chen - Rhizome Partners Stephen Farrell - Oppenheimer Curtis Jensen - Robotti & Company Operator The following is a recording for John Baker with Photowalk Properties Incorporated on Tuesday, August 3, 2021 at 10:00 AM Central Time, 11 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) [X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to _________ Commission File Number: 001-36769 _____________________ FRP HOLDINGS, INC. (Exact name of regis ...