FRP Holdings, Inc. (FRPH) Q2 2026 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:04.654 Good morning, ladies and gentlemen, and welcome to the FRP Holdings, Inc. 00:00:04.654 -- 00:00:10.238 second quarter 2026 earnings call. All lines have been placed on a listen-only mode, 00:00:10.238 -- 00:00:14.661 and the call will be open for questions and comments following the management presentation. 00:00:14.661 -- 00:00:19.563 At this time, it is my pleasure to call over to Matt McNulty. 00:00:19.845 -- 00:00:23.647 Thank you, Mike. Good morning, and thank you for joining us today. 00:00:23.647 -- 00:00:28.676 I'm Matt McNulty, Chief Financial Officer of FRP Holdings, Inc., and with me as 00:00:28.676 -- 00:00:34.257 speakers today are John Baker III, our CEO, David deVilliers III, 00:00:34.257 -- 00:00:39.418 our President and Chief Operating Officer, and Mark Levy, our Chief Investment Officer. 00:00:39.418 -- 00:00:44.479 Also joining us on the call are John Baker II, our Chairman, David deVilliers Jr., 00:00:44.479 -- 00:00:49.581 our Vice Chairman, John Milton, our Executive Vice President, and John Klopfenstein, 00:00:49.581 -- 00:00:54.742 our Chief Accounting Officer. As a reminder, any statements on the call which relate 00:00:54.742 -- 00:00:57.767 to the future are by their nature 00:00:57.767 -- 00:01:02.389 Subject to risks and uncertainties that could cause actual results and events to differ 00:01:02.389 -- 00:01:06.311 materially from those indicated in such forward-looking statements. 00:01:06.311 -- 00:01:10.353 These risks and uncertainties are listed in our SEC filings. 00:01:10.353 -- 00:01:14.615 Additionally, to supplement the financial results presented in accordance with generally 00:01:14.615 -- 00:01:19.637 accepted accounting principles, FRP presents certain non-GAAP financial measures 00:01:19....