FRP Holdings, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission, reporting a net loss attributable to the company of $165 thousand for the third quarter.

Key Highlights

  • Net loss (Q3 2026): FRP Holdings reported a net loss attributable to the company of $165 thousand, compared to net income of $662 thousand in Q3 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, net loss attributable to the company was $1,111 thousand, versus net income of $2,950 thousand in the same period of 2025.
  • Total revenues: Total revenues for Q3 2026 were $10,962 thousand, up from $10,775 thousand in Q3 2025; nine-month revenues were $32,639 thousand versus $31,931 thousand a year earlier.
  • General and administrative costs: G&A expense rose to $3,335 thousand in Q3 2026 from $2,328 thousand in Q3 2025, and to $11,107 thousand for the nine months ended September 30, 2026 from $7,790 thousand in the prior-year period.
  • Total assets: Total assets were $777,209 thousand at September 30, 2026, compared to $735,145 thousand at December 31, 2025.
  • Notes payable: Notes payable, net increased to $231,666 thousand at September 30, 2026 from $192,554 thousand at December 31, 2025.
  • Shares outstanding: Common shares outstanding were 19,199,261 as of November 11, 2026, with 19,198,301 shares issued and outstanding at September 30, 2026.

FRP Holdings Q3 2026 Financial Results: Revenues Rise as Losses Widen

According to the filing, FRP Holdings (NASDAQ:FRPH) recorded total revenues of $10,962 thousand for the three months ended September 30, 2026, a slight increase from $10,775 thousand in the same quarter of 2025. Revenues included lease revenue of $6,873 thousand, mining royalty and rents of $4,040 thousand, and joint venture management fee revenue of $49 thousand. For the nine-month period, total revenues reached $32,639 thousand, up from $31,931 thousand in the prior year.

The company disclosed a net loss attributable to the company of $165 thousand for Q3 2026, reversing from net income of $662 thousand in Q3 2025. The filing attributes the shift in part to higher general and administrative expenses, which rose to $3,335 thousand in Q3 2026 from $2,328 thousand in Q3 2025, and to equity in loss of joint ventures of $2,492 thousand in Q3 2026 versus $2,225 thousand in Q3 2025. Investment income declined to $1,351 thousand in Q3 2026 from $2,369 thousand a year earlier. For the nine months ended September 30, 2026, the net loss attributable to the company was $1,111 thousand, compared to net income of $2,950 thousand in the same period of 2025.

On the balance sheet, the filing reports total assets of $777,209 thousand at September 30, 2026, up from $735,145 thousand at December 31, 2025. Net real estate investments grew to $687,905 thousand from $614,252 thousand over the same period, driven in part by projects under construction rising to $112,839 thousand from $45,032 thousand. Notes payable, net increased to $231,666 thousand from $192,554 thousand. Total shareholders' equity was $429,170 thousand at September 30, 2026. The company disclosed that it is classified as a non-accelerated filer and a smaller reporting company. The filing notes that it contains forward-looking statements subject to the company's cautionary language and risks described therein.

What Was Disclosed

FRP Holdings filed its quarterly report covering the period ended September 30, 2026, disclosing a third-quarter net loss attributable to the company of $165 thousand, increased total assets of $777,209 thousand, higher G&A expenses, and growing projects under construction on its balance sheet.