FRP Holdings, Inc. (FRPH) Q1 2025 Earnings Call

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WEBVTT 00:00:01.671 -- 00:00:05.511 Please stand by. We're about to begin. Good 00:00:06.352 -- 00:00:09.973 day, everyone, and welcome to the FRP Holdings, 00:00:09.973 -- 00:00:14.994 Inc. 2025 First Quarter Earnings Call. At this time, all participants are in a listen-only 00:00:14.994 -- 00:00:18.775 mode. Later, there will be a question-and-answer session. 00:00:18.775 -- 00:00:22.225 You can queue for a question at any time by pressing the star key followed by the number 00:00:22.225 -- 00:00:28.477 1 on your telephone keypad. You may remove yourself from the queue by pressing star 2. 00:00:28.477 -- 00:00:31.259 Please be advised that today's call is being recorded. 00:00:31.259 -- 00:00:34.942 Should you require operator assistance, you may press star zero. 00:00:34.942 -- 00:00:36.904 I'd now like to turn the floor over to Matt McNulty. 00:00:36.904 -- 00:00:39.225 Please go ahead. 00:00:39.225 -- 00:00:44.449 Thank you, Jamie. Good morning. I'm Matt McNulty, Chief Financial Officer 00:00:44.449 -- 00:00:49.814 of FRP Holdings, Inc. And with me today are John Baker III, our CEO, 00:00:49.814 -- 00:00:55.797 David DeVillia III, our Chief Operating Officer, David DeVillia Jr., 00:00:56.879 -- 00:01:02.351 former president, John Baker II, our chairman, John Melton, our Executive 00:01:02.351 -- 00:01:07.474 Vice President and General Counsel, and John Klopfenstein, our Chief Accounting Officer. 00:01:07.474 -- 00:01:11.477 First, let me run through a brief disclosure regarding forward-looking statements and 00:01:11.477 -- 00:01:14.138 non-GAAP measurements used by the company. 00:01:14.138 -- 00:01:19.202 As a reminder, any statements on this call which relate to the future are by their 00:01:19.202 -- 00:01:24.585 nature subject to risks and uncertainties tha...