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| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
John D. Klopfenstein Executive | Controller and Chief Accounting Officer | N/A | John D. Klopfenstein is the Controller and Chief Accounting Officer at FRP Holdings. Further details about his career history or external roles are not provided in the documents. | N/A |
David H. deVilliers, Jr. Board | Vice Chairman of the Board of Directors, Advisor to the President & COO | N/A | David H. deVilliers, Jr. has over 45 years of experience in real estate development and has been with FRP Holdings since 1988. He served as President until January 2025. | 1988 |
John D. Baker II Board | Chairman of the Board of Directors | Director of Jacksonville Electric Authority, Executive Chairman of Florida Rock and Tank Lines, Inc., Director of The Jacksonville Civic Council | John D. Baker II has extensive leadership experience in the rock mining and real estate industries and has been associated with FRP Holdings since 1986. He served as CEO until May 2024. | 1986 |
John S. Surface Board | Director | CEO of Covius Services, Board Member of Covius Holdings, Inc., Trustee at The Bolles School | John S. Surface has extensive experience in corporate strategy and leadership. He joined the FRP Board in 2022. | 2022 |
Margaret B. Wetherbee Board | Director | N/A | Margaret B. Wetherbee has a legal background in commercial real estate transactions and joined the FRP Board in 2019. | 2019 |
Matthew S. McAfee Board | Director | Founder of Driver McAfee Hawthorne & Diebenow, PLLC | Matthew S. McAfee is a practicing real estate lawyer with over 30 years of experience. He joined the FRP Board in 2024 and serves on several committees. | 2024 |
Nicole B. Thomas Board | Director | Hospital President of Baptist Medical Center Jacksonville, Board Member of Federal Reserve Bank of Atlanta, Tiger Academy Jacksonville, OneJax Advisory Board | Nicole B. Thomas is known for her leadership in diversity and inclusion policies. She joined the FRP Board in 2022. | 2022 |
William H. Walton III Board | Director | Co-Founder and Managing Member of Rockpoint Group, LLC, Board Member of Boston Properties, Inc., Crow Holdings | William H. Walton III brings extensive real estate investment experience to the FRP Board. He joined in 2015. | 2015 |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Astatula, Florida 1,500-acre property | 2022 | FRP Holdings acquired a 1,549-acre property in Astatula, Florida for $11.6 million, which holds approximately 22.5 million tons of sand reserves and features a mining lease with Vulcan Materials. This strategic deal, marking the first addition to FRP’s Mining Royalty segment in nearly a decade, is poised to boost revenue starting Q2 2022 and builds on the property’s $1.37 million royalty history in 2021. |
Recent developments and announcements about FRPH.
Earnings
New Earnings (Q4 2024)
·6 days agoView full earnings summary →FRP’s Q4 2024 outlook expects Cranberry occupancy to fall from 96% to 60%, hitting NOI until re-leasing (up to 2 years). Yet management’s conservative 2–2.5% rent growth could outperform amid “extraordinary” market gains, with 2026 industrial projects a key upside driver.