{"schema_version":"secwatch.filing_event.v1","accession":"0000844059-25-000055","form_type":"8-K","ticker":"FRPH","cik":"0000844059","company_name":"FRP HOLDINGS, INC.","filed_at":"2025-10-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.344977+00:00","generated_at":"2026-05-17T03:09:37.416091+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FRPH acquires Altman Logistics for $33.5M, gaining industrial pipeline and team","bullets":["Purchase price $33.5M; net cash outlay $23.6M after $10M reimbursement for assigned bank account.","Adds seasoned industrial development team and pipeline of 1.29M SF in FL and NJ markets.","Acquires 100% ownership of Lakeland and Davie projects (was 10% and 20% minority).","Deal includes minority GP interests in five operating assets and land contract in Southwest Ranches.","Management expects to double NOI over five years toward $1B valuation upon pipeline stabilization."],"urls":{"canonical":"https://secwatch.observer/filing/0000844059-25-000055","json":"https://secwatch.observer/filing/0000844059-25-000055.json","markdown":"https://secwatch.observer/filing/0000844059-25-000055.md","text":"https://secwatch.observer/filing/0000844059-25-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/844059/000084405925000055/0000844059-25-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/844059/000084405925000055/frph-20251021.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:09:37.416091+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}