FRP Holdings, Inc. (FRPH) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.976 Good day, everyone, and welcome to the FRP Holdings, Inc. 00:00:02.976 -- 00:00:06.622 Fourth Quarter 2025 Conference Call. 00:00:06.622 -- 00:00:10.649 At this time, all participants are placed on a listen-only mode, and we will open the 00:00:10.649 -- 00:00:13.254 floor for your questions and comments after the presentation. 00:00:13.254 -- 00:00:18.343 It is now my pleasure to hand the floor over to your host, Chief Financial Officer 00:00:18.343 -- 00:00:22.229 Matt McNulty. Sir, the floor is yours. 00:00:22.229 -- 00:00:23.369 Thank you. 00:00:23.369 -- 00:00:26.713 Good afternoon, and thank you all for joining us on this call today. 00:00:26.713 -- 00:00:30.799 I am Matt McNulty, Chief Financial Officer of FRP Holdings, Inc. 00:00:30.799 -- 00:00:36.086 And with me today are John Baker II, our Chairman, John Baker III, our CEO, 00:00:36.086 -- 00:00:41.132 David DeVilliers III, our President and Chief Operating Officer, Mark Levy, our Chief 00:00:41.132 -- 00:00:46.159 Investment Officer, and John Klopfenstein, our Chief Accounting Officer. 00:00:46.159 -- 00:00:50.605 First, let me run through a brief disclosure regarding forward-looking statements and 00:00:50.605 -- 00:00:55.920 non-GAAP measures used by the company. As a reminder, any statements on this call 00:00:55.920 -- 00:00:59.884 which relate to the future are by their nature subject to risks and uncertainties that 00:00:59.884 -- 00:01:04.909 could cause actual results and events to differ materially from those 00:01:04.909 -- 00:01:07.631 indicated in such forward-looking statements. 00:01:07.631 -- 00:01:11.174 These risks and uncertainties are listed in our SEC filings. 00:01:11.174 -- 00:01:15.558 To supplement the financial results presented in accordance wi...