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

Investor webinar replay

Replay transcript excerpt

Please stand by. We're about to begin. Good day, everyone, and welcome to the FRP Holdings, Inc. 2025 First Quarter Earnings Call. At this time, all participants are in a listen-only mode. Later, there will be a question-and-answer session. You can queue for a question at any time by pressing the star key followed by the number 1 on your telephone keypad. You may remove yourself from the queue by pressing star 2. Please be advised that today's call is being recorded. Should you require operator assistance, you may press star zero. I'd now like to turn the floor over to Matt McNulty. Please go ahead. Thank you, Jamie. Good morning. I'm Matt McNulty, Chief Financial Officer of FRP Holdings, Inc. And with me today are John Baker III, our CEO, David DeVillia III, our Chief Operating Officer, David DeVillia Jr., former president, John Baker II, our chairman, John Melton, our Executive Vice President and General Counsel, and John Klopfenstein, our Chief Accounting Officer. First, let me run through a brief disclosure regarding forward-looking statements and non-GAAP measurements used by the company. As a reminder, any statements on this call which relate to the future are by their nature subject to risks and uncertainties that could cause actual results and events to differ materially from those indicated in such forward-looking statements. These risks and uncertainties are listed in our SEC pilings. We have no obligation to revise or update any forward-looking statements except as imposed by law as a result of future events or new information. To supplement the financial results presented in accordance with generally accepted accounting principles, FRP presents certain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchang...