{"schema_version":"secwatch.filing_event.v1","accession":"0000844059-26-000030","form_type":"8-K","ticker":"FRPH","cik":"0000844059","company_name":"FRP HOLDINGS, INC.","filed_at":"2026-04-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.812798+00:00","generated_at":"2026-05-15T06:44:44.241111+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FRP Holdings Q4 net income down 77% to $380K; full year down 48% on acquisition costs","bullets":["Q4 net income $380K ($0.02/sh) vs $1.68M ($0.09/sh) prior year; includes $512K of Altman acquisition expenses.","Full year net income $3.33M ($0.18/sh) vs $6.39M ($0.34/sh); adjusted net income down $1.1M excluding $2.5M Altman costs.","Pro rata NOI Q4 $9.29M (+2% YoY); full year $37.86M (-0.7% YoY) but up 3% adjusted for non-recurring mining items.","Industrial & Commercial segment NOI fell 12% in Q4 due to tenant eviction and lease expirations; 47.5% occupancy.","Oct 2025 Altman Logistics acquisition adds development pipeline and staff; three industrial projects (762k sf) expected $9.3M NOI at stabilization."],"urls":{"canonical":"https://secwatch.observer/filing/0000844059-26-000030","json":"https://secwatch.observer/filing/0000844059-26-000030.json","markdown":"https://secwatch.observer/filing/0000844059-26-000030.md","text":"https://secwatch.observer/filing/0000844059-26-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/844059/000084405926000030/0000844059-26-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/844059/000084405926000030/frph-20260410.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T06:44:44.241111+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":[{"claim_id":"b7b279f00bb04ae2ebb01b34251cc5f6f55db654","claim":"FRP HOLDINGS, INC. reported the quarter and full year ended December 31, 2025 results: net income $0.4 million vs $1.7 million.","evidence_excerpt":"and Mining and Royalty Lands, today reported financial results for the quarter and full year ended December 31, 2025. Fourth Quarter Highlights • 77% decrease in Net Income ($0.4 million vs $1.7 million) due to expenses related to the Altman Logistics platform acquisition ($0.5 million), increased G&A due to the Altman new hires, under performance at Dock and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/844059/000084405926000030/0000844059-26-000030-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and full year ended December 31, 2025"},{"label":"Net income","value":"$0.4 million vs $1.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}