FRPH · Frp Holdings, Inc.
One customer — 26.4% of revenue (the six months ended June 30, 2026)
“one lessee that accounted for 26.4% of the Company's consolidated revenues during the six months ended June 30, 2026, and $768,000 of accounts receivable at June 30, 2026.”
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 5, 2026TL;DR. FRP Holdings reported a Q2 net loss of $0.3M with pro rata NOI down 3% to $9.4M as multifamily and industrial occupancy headwinds pressured results, and management lowered full-year NOI outlook to ~$36.2M from $37.1M. Mining royalties continued double-digit growth (up 13% YoY) and the industrial development pipeline advances toward 2.1M sq ft, but elevated G&A and weak industrial lease-up offset gains.
- + Mining royalties delivered double-digit YoY growth in Q2 driven by both volume and pricing.
- + Balance sheet remains exceptionally strong with ~$130M of liquidity and low leverage.
- + Development pipeline advances with several projects reaching substantial completion and active construction underway.
- − Full-year NOI guidance was lowered to ~$36.2M from the original ~$37.1M plan due to delayed industrial lease-up and DC multifamily headwinds.
- − DC multifamily NOI declined across all four DC properties on occupancy drops and elevated delinquencies.
- − Industrial & Commercial NOI fell 39% YoY as Maryland portfolio occupancy dropped to 69.9% from 77.9%.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Avg. Occupancy Q2 2026 (Multifamily Segment) | 93.2% | Three months ended June 30, 2026 filing | — |
| Industrial and Commercial leased and occupied % (excl. Chelsea) | 69.9% | Three months ended June 30, 2026 filing | — |
| Occupancy | 69.9% | Three months ended June 30, 2026 filing | — |
| Pro rata NOI (Industrial and Commercial Segment) non-GAAP | $616K | Three months ended June 30, 2026 filing | — |
| Pro rata NOI (Mining Royalty Lands Segment) non-GAAP | $4.12M | Three months ended June 30, 2026 filing | — |
| Royalty revenue per ton increase | 5.4% | Three months ended June 30, 2026 filing | — |
| Royalty tons increase | 6.8% | Three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Real Estate Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FRPH
this stock
Frp Holdings, Inc.
|
$405.28M | -12.1% | +2.6% | 2111.0 | 3.2% |
|
CBRE
Cbre Group, Inc.
|
$37.89B | -19.5% | +13.4% | 30.1 | 1.5% |
|
SURDF
Sumitomo Realty & Development Co., Ltd./ADR
|
$19.05B | -24.5% | — | — | 0.1% |
|
BEKE
KE Holdings Inc.
|
$18.26B | +4.7% | +5.6% | — | 1.9% |
|
JLL
Jones Lang Lasalle Inc
|
$14.81B | -10.1% | +11.4% | 15.4 | 2.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FRPH | -5.0% | -11.3% | -9.2% | -3.8% | -12.1% |
| SPY | +1.2% | +0.6% | +11.6% | +1.6% | +13.6% |
| vs SPY | -6.2% | -11.9% | -20.8% | -5.4% | -25.7% |