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FRP Holdings, Inc.'s (FRPH) CEO John Baker II on Q4 2020 Results - Earnings Call Transcript

Mar. 04, 2021 3:37 PM ETFRP Holdings, Inc. (FRPH)
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FRP Holdings, Inc. (NASDAQ:FRPH) Q4 2020 Earnings Conference Call March 4, 2021 9:00 AM ET

Company Participants

John Baker II - Chief Executive Officer

David deVilliers, Jr. - President

John Baker III - Chief Financial Officer and Treasurer

Conference Call Participants

Bill Chen - Rhizome Partners

Curtis Jensen - ‎Robotti & Company Advisors LLC

Stephen Farrell - Oppenheimer Holdings


Excuse me, everyone. We now have all of our speakers in conference. Please be aware that each of your lines is in a listen-only mode. At the conclusion of today's presentation, we will open the floor for questions. Instructions for asking questions will be given at that time.

I would now like to turn the conference over to John Baker II. Mr. Baker, you may begin.

John Baker II

Good morning. My name is John Baker, and I'm Executive Chairman and CEO of FRP Holdings, Inc. With me today on the line are David deVilliers, Jr., our President; John Baker III our CFO; David deVilliers III, our Executive Vice President; John Klopfenstein, our Chief Accounting Officer; and John Milton, our Secretary.

Before we begin discussion of the quarter's results, let me remind you that 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 from time to time in our SEC filings, including but not limited to our annual and quarterly reports.

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.

Now, let me turn to the results.

Net income for the fourth quarter of 2020 was $393,000 or $0.04 per share, bringing our net

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