FRP Holdings, Inc. (FRPH) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.578 Good day, everyone, and welcome to today's FRP Holdings, Inc. 00:00:04.578 -- 00:00:06.602 2025 2Q 00:00:06.602 -- 00:00:12.592 Earnings Call. At this time, all participants are in a listen-only mode. 00:00:12.592 -- 00:00:17.960 Later, you will have the opportunity to ask questions during the question and answer 00:00:17.960 -- 00:00:19.603 session. 00:00:19.603 -- 00:00:24.511 Please note, today's call will be recorded, and I will be standing by should you need 00:00:24.511 -- 00:00:26.592 any assistance. 00:00:26.592 -- 00:00:32.020 It is now my pleasure to turn the conference over to CFO Matt McNulty. 00:00:32.020 -- 00:00:34.521 Please go ahead. 00:00:35.586 -- 00:00:38.109 Good morning, and welcome to everyone on the call. 00:00:38.109 -- 00:00:43.217 I'm Matt McNulty, Chief Financial Officer of FRP Holdings, Inc., and with me today are 00:00:43.217 -- 00:00:46.602 John Baker III, our CEO, 00:00:46.602 -- 00:00:51.670 John Baker II, our Chairman, David DeVilliers III, our Chief Operating Officer, 00:00:51.670 -- 00:00:56.757 David DeVilliers Jr., our Vice Chairman, John Milton, our Executive Vice 00:00:56.757 -- 00:01:00.643 President, and John Klopfenstein, our Chief Accounting Officer. 00:01:00.643 -- 00:01:04.629 First, let me run you through a brief disclosure regarding forward-looking statements 00:01:04.629 -- 00:01:08.154 and non-GAAP measurements used by the company. 00:01:08.154 -- 00:01:12.380 As a reminder, any statements on this call which relate to the future are, by their nature, 00:01:12.380 -- 00:01:17.568 subject to risks and uncertainties that could cause actual results and events to differ 00:01:17.568 -- 00:01:21.374 materially from those indicated in such forward-looking statements. 00:01:21.374 -- 00:01:...