FRP (FRPH) 10-K22 Mar 232022 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2022	Mar. 17, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-36769
Entity Registrant Name	FRP HOLDINGS, INC.
Entity Central Index Key	0000844059
Entity Tax Identification Number	47-2449198
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	200 W. Forsyth St.
Entity Address, Address Line Two	7th Floor
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32202
City Area Code	(904)
Local Phone Number	396-5733
Title of 12(b) Security	Common Stock, $.10 par value
Trading Symbol	FRPH
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 448,654,924
Entity Common Stock, Shares Outstanding		9,484,970
Auditor Name	Hancock Askew & Co., LLP
Auditor Location	Jacksonville, Florida
Auditor Firm ID	794

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Lease revenue	$ 26,798,000	$ 21,755,000	$ 14,106,000
Mining Royalty and rents	10,683,000	9,465,000	9,477,000
Total Revenues	37,481,000	31,220,000	23,583,000
Cost of operations:
Depreciation, depletion and amortization	11,217,000	12,737,000	5,828,000
Operating expenses	7,065,000	6,219,000	3,333,000
Property taxes	4,125,000	3,751,000	2,826,000
Management company indirect	3,416,000	3,168,000	2,951,000
Corporate expenses (Note 3 Related Party)	3,662,000	3,071,000	3,511,000
Total cost of operations	29,485,000	28,946,000	18,449,000
Total operating profit	7,996,000	2,274,000	5,134,000
Net investment income, including realized gains of $0, $0, and $298, respectively	5,473,000	4,215,000	7,415,000
Interest expense	(3,045,000)	(2,304,000)	(1,100,000)
Equity in loss of joint ventures	(5,721,000)	(5,754,000)	(5,690,000)
Gain on remeasurement of investment in real estate partnership	0	51,139,000	0
Gain on sale of real estate	874,000	805,000	9,170,000
Income before income taxes	5,577,000	50,375,000	14,929,000
Provision for income taxes	1,530,000	10,281,000	3,207,000
Net income	4,047,000	40,094,000	11,722,000
(Loss) gain attributable to noncontrolling interest	(518,000)	11,879,000	(993,000)
Net income attributable to the Company	$ 4,565,000	$ 28,215,000	$ 12,715,000
Earnings per common share:
Basic	$ 0.49	$ 3.02	$ 1.33
Diluted	$ 0.48	$ 3	$ 1.32
Number of shares (in thousands) used in computing:
-basic earnings per common share	9,386	9,355	9,580
-diluted earnings per common share	9,435	9,397	9,609

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Realized gains	$ 0	$ 0	$ 298

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net income	$ 4,047	$ 40,094	$ 11,722
Other comprehensive income (loss) net of tax:
Unrealized loss on investments, net of income tax effect of $(504), $(194) and $(145)	(1,358)	(524)	(391)
Minimum pension liability, net of income tax effect of $(11), $(15) and $53	(31)	(38)	143
Comprehensive income	2,658	39,532	11,474
Less comp. income attributable to noncontrolling interest	(518)	11,879	(993)
Comprehensive income attributable to the Company	$ 3,176	$ 27,653	$ 12,467

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Income tax effect on UR loss	$ (504)	$ (194)	$ (145)
Tax effect on pension liability	$ (11)	$ (15)	$ 53

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real estate investments at cost:
Land	$ 141,579	$ 123,397
Buildings and improvements	270,579	265,278
Projects under construction	12,208	8,668
Total investments in properties	424,366	397,343
Less accumulated depreciation and depletion	57,208	46,678
Net investments in properties	367,158	350,665
Real estate held for investment, at cost	10,182	9,722
Investments in joint ventures	140,525	145,443
Net real estate investments	517,865	505,830
Cash and cash equivalents	177,497	161,521
Cash held in escrow	797	752
Accounts receivable, net	1,166	793
Investments available for sale at fair value	0	4,317
Federal and state income taxes receivable	0	1,103
Unrealized rents	856	620
Deferred costs	2,343	2,726
Other assets	560	528
Total assets	701,084	678,190
Liabilities:
Secured notes payable	178,557	178,409
Accounts payable and accrued liabilities	5,971	6,137
Other liabilities	1,886	1,886
Federal and state income taxes payable	18	0
Deferred revenue	259	369
Deferred income taxes	67,960	64,047
Deferred compensation	1,354	1,302
Tenant security deposits	868	790
Total liabilities	256,873	252,940
Commitments and contingencies
Equity:
Common stock, $.10 par value 25,000,000 shares authorized, 9,459,686 and 9,411,028 shares issued and outstanding, respectively	946	941
Capital in excess of par value	65,158	57,617
Retained earnings	342,317	337,752
Accumulated other comprehensive income, net	(1,276)	113
Total shareholders’ equity	407,145	396,423
Noncontrolling interests	37,066	28,827
Total equity	444,211	425,250
Total liabilities and equity	$ 701,084	$ 678,190

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	25,000,000	25,000,000
Common stock, issued	9,459,686	9,411,028
Common stock, outstanding	9,459,686	9,411,028

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 4,047,000	$ 40,094,000	$ 11,722,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	11,462,000	12,946,000	6,050,000
Deferred income taxes	1,813,000	7,941,000	5,995,000
Gain on remeasurement of invest in real estate partnership	0	(51,139,000)	0
Equity in loss of joint ventures	5,721,000	5,754,000	5,690,000
Gain on sale of equipment and property	(904,000)	(880,000)	(9,184,000)
Stock-based compensation	1,569,000	1,111,000	1,372,000
Realized (gain) loss on available for sale investments	0	0	(298,000)
Deferred debt issuance cost write-off	0	0	902,000
Net changes in operating assets and liabilities:
Accounts receivable	(373,000)	837,000	(377,000)
Deferred costs and other assets	(1,972,000)	(346,000)	27,000
Accounts payable and accrued liabilities	(276,000)	1,888,000	956,000
Income taxes payable and receivable	1,121,000	3,518,000	(5,125,000)
Other long-term liabilities	130,000	518,000	883,000
Net cash provided by operating activities	22,338,000	22,242,000	18,613,000
Cash flows from investing activities:
Investments in properties	(27,615,000)	(16,530,000)	(17,544,000)
Investments in joint ventures	(21,578,000)	(13,436,000)	(12,315,000)
Return of capital from investments in joint ventures	20,770,000	22,279,000	0
Purchases of investments available for sale	0	0	(24,584,000)
Proceeds from sales of investments available for sale	4,317,000	69,865,000	85,735,000
Cash at consolidation of real estate partnership	0	3,704,000	0
Cash held in escrow	(45,000)	(220,000)	(10,000)
Proceeds from sale of assets	955,000	939,000	19,245,000
Net cash (used in) provided by investing activities	(23,196,000)	66,601,000	50,527,000
Cash flows from financing activities:
Proceeds from long-term debt	0	92,070,000	0
Repayment of long-term debt	0	(90,000,000)	0
Debt issue costs	0	(704,000)	0
Contribution from partner	27,894,000	0	0
Distribution to noncontrolling interest	(11,472,000)	(2,602,000)	(765,000)
Repurchase of company stock	0	(264,000)	(21,312,000)
Exercise of employee stock options	412,000	269,000	239,000
Net cash provided by (used in) financing activities	16,834,000	(1,231,000)	(21,838,000)
Net increase in cash and cash equivalents	15,976,000	87,612,000	47,302,000
Cash and cash equivalents at beginning of year	161,521,000	73,909,000	26,607,000
Cash and cash equivalents at end of the year	177,497,000	161,521,000	73,909,000
Supplemental disclosures of cash flow information:
Interest	2,893,000	2,150,000	960,000
Income taxes	$ (1,761,000)	$ (1,226,000)	$ 2,244,000

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 982	$ 57,705	$ 315,278	$ 923	$ 374,888	$ 16,757	$ 391,645
Common shares outstanding at Dec. 31, 2019	9,817,429
Exercise of stock options	$ 1	238	0	0	239	0	239
Stock options exercised	12,415
Stock option grant compensation	$ 0	92	0	0	92	0	92
Restricted stock compensation	0	250	0	0	250	0	250
Shares granted to Employee	$ 1	529	0	0	530	0	530
Shares granted to Employee	11,448
Shares granted to Directors	$ 1	499	0	0	500	0	500
Director shares granted	12,050
Restricted stock award	$ 2	(2)	0	0	0	0	0
Restricted shares awarded	20,520
Shares purchased	$ (51)	(3,032)	(18,229)	0	(21,312)	0	(21,312)
Stock Repurchased During Period, Shares	(510,145)
Net income	$ 0	0	12,715	0	12,715	(993)	11,722
Distributions to partners	0	0	0	0	0	(765)	(765)
Minimum pension liability, net	0	0	0	143	143	0	143
Unrealized loss on investment, net	0	0	0	(391)	(391)	0	(391)
Ending balance, value at Dec. 31, 2020	$ 936	56,279	309,764	675	367,654	14,999	382,653
Common shares outstanding at Dec. 31, 2020	9,363,717
Exercise of stock options	$ 2	267	0	0	269	0	269
Stock options exercised	15,334
Stock option grant compensation	$ 0	69	0	0	69	0	69
Restricted stock compensation	0	492	0	0	492	0	492
Shares granted to Employee	$ 0	50	0	0	50	0	50
Shares granted to Employee	1,098
Shares granted to Directors	$ 1	499	0	0	500	0	500
Director shares granted	9,105
Restricted stock award	$ 3	(3)	0	0	0	0	0
Restricted shares awarded	27,778
Shares purchased	$ (1)	(36)	(227)	0	(264)	0	(264)
Stock Repurchased During Period, Shares	(6,004)
Contributions from partner	$ 0	0	0	0	0	4,551	4,551
Net income	0	0	28,215	0	28,215	11,879	40,094
Distributions to partners	0	0	0	0	0	(2,602)	(2,602)
Minimum pension liability, net	0	0	0	(38)	(38)	0	(38)
Unrealized loss on investment, net	0	0	0	(524)	(524)	0	(524)
Ending balance, value at Dec. 31, 2021	$ 941	57,617	337,752	113	396,423	28,827	$ 425,250
Common shares outstanding at Dec. 31, 2021	9,411,028						9,411,028
Exercise of stock options	$ 2	410	0	0	412	0	$ 412
Stock options exercised	16,460
Stock option grant compensation	$ 0	69	0	0	69	0	69
Restricted stock compensation	0	800	0	0	800	0	800
Shares granted to Employee	$ 0	50	0	0	50	0	50
Shares granted to Employee	865
Shares granted to Directors	$ 1	649	0	0	650	0	650
Director shares granted	11,232
Restricted stock award	$ 2	(2)	0	0	0	0	0
Restricted shares awarded	21,464
Contributions from partner	$ 0	0	0	0	0	27,894	27,894
Forfeiture of restricted stock award	0	0	0	0	0	0	0
Net income	0	0	4,565	0	4,565	(518)	4,047
Distributions to partners	0	0	0	0	0	(11,472)	(11,472)
Minimum pension liability, net	0	0	0	(31)	(31)	0	(31)
Unrealized loss on investment, net	$ 0	0	0	(1,358)	(1,358)	0	(1,358)
Restricted stock forfeited	(1,363)
Reallocation of partners’ interest	$ 0	7,665	0	0	7,665	(7,665)	0
Reallocation income tax expense	0	(2,100)	0	0	(2,100)	0	(2,100)
Ending balance, value at Dec. 31, 2022	$ 946	$ 65,158	$ 342,317	$ (1,276)	$ 407,145	$ 37,066	$ 444,211
Common shares outstanding at Dec. 31, 2022	9,459,686						9,459,686

Accounting Policies

Accounting Policies	12 Months Ended
Accounting Policies	Dec. 31, 2022
Accounting Policies [Abstract]
Accounting Policies	1. Accounting Policies ORGANIZATION FRP Holdings, Inc. was incorporated on April 22, 2014 in connection with a corporate reorganization that preceded the Spin-off of Patriot Transportation Holding, Inc. The Company’s predecessor issuer was formed on July 20, 1998. The business of the Company is conducted through our wholly-owned subsidiaries FRP Development Corp., a Maryland corporation (“Development”) and Florida Rock Properties, Inc., a Florida corporation (“Properties”), and the various subsidiaries and joint ventures of each. CONSOLIDATION Effective July 1, 2017 the Company consolidated the assets (at fair value), liabilities and operating results of our Riverfront Investment Partners I, LLC joint venture (“Dock 79”) which was previously accounted for under the equity method. Subsequent to the July 1, 2017 consolidation, the ownership of Dock 79 attributable to our partner MRP Realty is reflected on our consolidated balance sheet as a noncontrolling interest. In March 2021, Riverfront Investment Partners II, LLC reached stabilization which resulted in a change of control for accounting purposes as the veto rights of the minority shareholder lapsed and the Company became the primary beneficiary. As such, effective March 31, 2021 the Company consolidated the assets (at fair value), liabilities and operating results of our Riverfront Investment Partners II, LLC joint venture (“The Maren”) which was previously accounted for under the equity method. Subsequent to the March 31, 2021 consolidation, the ownership of The Maren attributable to our partner MRP Realty is reflected on our consolidated balance sheet as a noncontrolling interest. Such noncontrolling interests are reported on the Consolidated Balance Sheets within equity but separately from shareholders' equity. On the Consolidated Statements of Income, all of the revenues and expenses from Dock 79 are reported in net income, including both the amounts attributable to the Company and the noncontrolling interest. The Maren is reflected in Equity in loss of joint ventures on the Consolidated Statements of Income for the periods up to March 31, 2021 but is reflected like Dock 79 for periods commencing April 1, 2021. The amounts of consolidated net income attributable to the noncontrolling interest is clearly identified on the accompanying Consolidated Statements of Income. In 2022 we sold a 20 CASH AND CASH EQUIVALENTS INVESTMENTS AVAILABLE FOR SALE no REVENUE AND EXPENSE RECOGNITION Sales of real estate are recognized when the collection of the sales price is reasonably assured and when the Company has fulfilled substantially all of its obligations, which are typically as of the closing date. Accounts receivable are recorded net of discounts and provisions for estimated allowances. We estimate allowances on an ongoing basis by considering historical and current trends. We record estimated bad debts expense as a reduction of lease revenue. We estimate the net collectibility of our accounts receivable and establish an allowance for doubtful accounts based upon this assessment. Specifically, we analyze the aging of accounts receivable balances, historical bad debts, customer concentrations, customer credit-worthiness, current economic trends and changes in customer payment terms. PROPERTY AND EQUIPMENT Years Building and improvements 3-39 Depletion of sand and stone deposits is computed on the basis of units of production in relation to estimated reserves. Reserve estimates are periodically adjusted based upon surveys. The Company recorded depreciation and depletion expenses for fiscal year 2022, 2021 and 2020, of $ 10,618,000 8,806,000 5,766,000 All direct and indirect costs, including interest and real estate taxes, associated with the development, construction, leasing or expansion of real estate investments are capitalized as a cost of the property. Included in indirect costs is an allocation of internal costs associated with development of real estate investments. The cost of routine repairs and maintenance to property and equipment is expensed as incurred. IMPAIRMENT OF LONG-LIVED ASSETS DEVELOPED PROPERTY RENTALS PURCHASE ACCOUNTING recorded at their fair value at the time of acquisition. The fair value of the acquired property is allocated between land and building (on an as-if vacant basis) based on management’s estimate of the fair value of those components for each type of property and to tenant improvements based on the depreciated replacement cost of the tenant improvements, which approximates their fair value. The fair value of the in-place leases is recorded as follows: · the fair value of leases in-place on the date of acquisition is based on absorption costs for the estimated lease-up period in which vacancy and foregone revenue are avoided due to the presence of the acquired leases; · the fair value of above and below-market in-place leases based on the present value (using a discount rate that reflects the risks associated with the acquired leases) of the difference between contractual rent amounts to be paid under the assumed lease and the estimated market lease rates for the corresponding spaces over the remaining non-cancelable terms of the related leases; and · the fair value of intangible tenant or customer relationships. The Company’s determination of these fair values requires it to estimate market rents for each of the leases and make certain other assumptions. These estimates and assumptions affect the rental revenue, and depreciation and amortization expense recognized for these leases and associated intangible assets and liabilities. INVESTMENTS IN JOINT VENTURES 50 excess of 50% INCOME TAXES STOCK BASED COMPENSATION after the grant date. The fair value of each grant is estimated on the date of grant using the Black-Scholes option-pricing model. The assumptions used in the model and current year impact are discussed in Note 7. DEFERRED COMPENSATION PLAN EARNINGS PER COMMON SHARE USE OF ESTIMATES Certain accounting policies and estimates are of more significance in the financial statement preparation process than others. The most critical accounting policies and estimates include the economic useful lives of our mining reserves, property and equipment, provisions for uncollectible accounts receivable and collectibility of unrealized rents, accounting for real estate investments, estimates of exposures related to our insurance claims plans and environmental liabilities, and estimates for taxes. To the extent that actual, final outcomes are different than these estimates, or that additional facts and circumstances result in a revision to these estimates, earnings during that accounting period will be affected. ENVIRONMENTAL COMPREHENSIVE INCOME RECENTLY ISSUED ACCOUNTING STANDARDS

Investments in Joint Ventures

Investments in Joint Ventures	12 Months Ended
Investments in Joint Ventures	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in Joint Ventures	2. Investments in Joint Ventures The Company has investments in joint ventures, primarily with other real estate developers. Joint ventures where FRP is not the primary beneficiary are reflected in the line “Investment in joint ventures” on the balance sheet and “Equity in loss of joint ventures” on the income statement. The assets of these joint ventures are restricted to use by the joint ventures and their obligations can only be settled by their assets or additional contributions by the partners. During the year we had two new investments in unconsolidated joint ventures: Estero 3.6 million 16 46 8 Lending Ventures 3 in our BC FRP Realty, LLC joint venture advancing a total of $ 11.3 million 16 million FRP/MRP Buzzard Point Sponsor, LLC The following table summarizes the Company’s Investments in unconsolidated joint ventures The Company's Share of Profit Common Total Total Assets of Profit (Loss) (Loss) of the Ownership Investment The Partnership Of the Partnership Partnership (1) As of December 31, 2022 Brooksville Quarry, LLC 50.00 % $ 7,522 14,374 (84 ) (42 ) BC FRP Realty, LLC 50.00 % 5,453 21,825 (358 ) (175 ) Buzzard Point Sponsor, LLC 50.00 % 1,453 2,906 — — Bryant Street Partnerships 61.36 % 55,561 199,774 (10,339 ) (6,829 ) Lending ventures 16,476 5,577 — — DST Hickory Creek 26.65 % — — 10,960 3,164 Estero Partnership 16.00 % 3,600 38,505 — — 1800 Half St. Owner, LLC 61.37 % 38,471 131,128 (1,841 ) (1,129 ) Greenville Partnerships 40.00 % 11,989 96,551 (1,775 ) (710 ) Total $ 140,525 510,640 (3,437 ) (5,721 ) The Company's Share of Profit Common Total Total Assets of Profit (Loss) (Loss) of the Ownership Investment The Partnership Of the Partnership Partnership (1) As of December 31, 2021 Brooksville Quarry, LLC 50.00 % $ 7,488 14,301 (82 ) (41 ) BC FRP Realty, LLC 50.00 % 5,530 22,470 (230 ) (115 ) Riverfront Holdings II, LLC (1) — — (760 ) (628 ) Bryant Street Partnerships 61.36 % 59,558 204,082 (6,084 ) (4,954 ) Aberdeen Station Loan 514 514 — — DST Hickory Creek 26.65 % 6,000 46,048 (481 ) 343 Amber Ridge Loan 11,466 11,466 — — 1800 Half St. Owner, LLC 61.37 % 38,693 93,932 12 20 Greenville Partnerships 40.00 % 16,194 87,731 (948 ) (379 ) Total $ 145,443 480,544 (8,573 ) (5,754 ) (1): Riverfront Holdings II, LLC was consolidated on March 31, 2021. Bryant Street Partnerships includes $747,000 in 2021 for the Company’s share of preferred interest and $471,000 in 2021 for amortization of guarantee liability related to the Bryant Street loan. The major classes of assets, liabilities and equity of the Company’s Investments in Joint Ventures as of December 31, 2022 are summarized in the following two tables (in thousands): Investments in Apartment/Mixed Use Joint Ventures as of December 31, 2022 As of December 31, 2022 Total Buzzard Point Bryant Street Estero 1800 Half St. Greenville Apartment/ Sponsor, LLC Partnership Partnership Partnership Partnership Mixed-Use Investments in real estate, net $ 0 192,904 33,008 130,616 95,883 $ 452,411 Cash and cash equivalents 0 1,349 5,497 359 567 7,772 Unrealized rents & receivables 0 5,128 0 14 13 5,155 Deferred costs 2,906 393 0 139 88 3,526 Total Assets $ 2,906 199,774 38,505 131,128 96,551 $ 468,864 Secured notes payable $ 0 129,263 16,000 66,584 64,954 $ 276,801 Other liabilities 0 2,338 5 5,328 3,014 10,685 Capital - FRP 1,453 53,553 3,600 36,348 11,087 106,041 Capital – Third Parties 1,453 14,620 18,900 22,868 17,496 75,337 Total Liabilities and Capital $ 2,906 199,774 38,505 131,128 96,551 $ 468,864 Investments in Joint Ventures as of December 31, 2022 As of December 31, 2022 Total Brooksville BC FRP Lending Apartment/ Grand Quarry, LLC Realty, LLC Ventures Mixed-Use Total Investments in real estate, net $ 14,307 21,059 5,547 452,411 $ 493,324 Cash and cash equivalents 66 99 0 7,772 7,937 Unrealized rents & receivables 0 422 0 5,155 5,577 Deferred costs 1 245 30 3,526 3,802 Total Assets $ 14,374 21,825 5,577 468,864 $ 510,640 Secured notes payable $ 0 10,899 (10,899 ) 276,801 $ 276,801 Other liabilities 0 338 0 10,685 11,023 Capital – FRP 7,522 5,294 16,476 106,041 135,333 Capital - Third Parties 6,852 5,294 0 75,337 87,483 Total Liabilities and Capital $ 14,374 21,825 5,577 468,864 $ 510,640 The Company’s capital recorded by the unconsolidated Joint Ventures is $ 5,032,000 The major classes of assets, liabilities and equity of the Company’s Investments in Joint Ventures as of December 31, 2021 are summarized in the following two tables (in thousands): Investments in Apartment/Mixed Use Joint Ventures as of December 31, 2021 As of December 31, 2021 Total Riverfront Bryant Street DST Hickory 1800 Half St. Greenville/ Apartment/ Holdings II, LLC Partnership Creek Partnership Woodfield Mixed-Use Investments in real estate, net $ 0 199,730 43,840 93,504 87,421 $ 424,495 Cash and cash equivalents 0 1,123 827 428 279 2,657 Unrealized rents & receivables 0 2,925 1,044 0 5 3,974 Deferred costs 0 304 337 0 26 667 Total Assets $ 0 204,082 46,048 93,932 87,731 $ 431,793 Secured notes payable $ 0 119,201 29,337 18,404 44,309 $ 211,251 Other liabilities 0 9,066 115 14,470 4,462 28,113 Capital - FRP 0 57,555 4,423 37,478 15,584 115,040 Capital – Third Parties 0 18,260 12,173 23,580 23,376 77,389 Total Liabilities and Capital $ 0 204,082 46,048 93,932 87,731 $ 431,793 Investments in Joint Ventures as of December 31, 2021 As of December 31, 2021 Brooksville BC FRP Aberdeen Amber Ridge Apartment/ Grand Quarry, LLC Realty, LLC Loan Loan Mixed-Use Total Investments in real estate, net $ 14,281 21,561 514 11,466 424,495 $ 472,317 Cash and cash equivalents 18 312 0 0 2,657 2,987 Unrealized rents & receivables 0 368 0 0 3,974 4,342 Deferred costs 2 229 0 0 667 898 Total Assets $ 14,301 22,470 514 11,466 431,793 $ 480,544 Secured notes payable $ 0 11,384 0 0 211,251 $ 222,635 Other liabilities 0 140 0 0 28,113 28,253 Capital - FRP 7,488 5,473 514 11,466 115,040 139,981 Capital - Third Parties 6,813 5,473 0 0 77,389 89,675 Total Liabilities and Capital $ 14,301 22,470 514 11,466 431,793 $ 480,544 The amount of consolidated retained earnings (accumulated deficit) for these joint ventures was $ (13,115,000) (8,942,000) The income statements of the Bryant Street Partnerships Bryant Street Bryant Street Bryant Street Bryant Street Partnerships Partnerships Partnerships Partnerships Total JV Total JV Company Share Company Share Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, 2022 2021 2022 2021 Revenues: Rental Revenue $ 9,586 $ 2,376 $ 5,882 $ 1,458 Revenue – other 1,766 318 1,084 195 Total Revenues 11,352 2,694 6,966 1,653 Cost of operations: Depreciation and amortization 6,737 2,842 4,134 1,744 Operating expenses 5,428 3,163 3,331 1,941 Property taxes 1,376 398 844 244 Total cost of operations 13,541 6,403 8,309 3,929 Total operating loss (2,189 ) (3,709 ) (1,343 ) (2,276 ) Interest expense (8,150 ) (2,375 ) (5,486 ) (2,678 ) Net loss before tax $ (10,339 ) $ (6,084 ) $ (6,829 ) $ (4,954 ) The income statements of the Greenville Woodfield Riverside Partnership Woodfield Woodfield Riverside Partnership Riverside Partnership Total JV Company Share Year ended Year ended December 31, December 31, 2022 2022 Revenues: Rental Revenue $ 3,146 $ 1,259 Revenue – other 176 70 Total Revenues 3,322 1,329 Cost of operations: Depreciation and amortization 1,557 623 Operating expenses 1,207 483 Property taxes 778 311 Total cost of operations 3,542 1,417 Total operating loss (220 ) (88 ) Interest expense (1,113 ) (445 ) Net loss before tax $ (1,333 ) $ (533 )

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	3. Related Party Transactions The Company is a party to an Administrative Services Agreement which resulted from our January 30, 2015 spin-off of Patriot Transportation Holding, Inc. (Patriot). The Administrative Services Agreement sets forth the terms on which Patriot will provide to FRP certain services that were shared prior to the Spin-off, including the services of certain employees and executive officers. The boards of the respective companies amended and extended this agreement for one year effective April 1, 2022. The consolidated statements of income reflect charges and/or allocation from Patriot for these services of $ 893,000 1,025,000 To determine these allocations between FRP and Patriot as set forth in the Administrative Services Agreement, we employ an allocation method to allocate said expenses and thus we believe that the allocations to FRP are a reasonable approximation of the costs related to FRP’s operations, but any such related-party transactions cannot be presumed to be carried out on an arm’s-length basis.

Debt

Debt	12 Months Ended
Debt	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	4. Debt Debt December 31, December 31, 2022 2021 Fixed rate mortgage loans, 3.03 $ 180,070 180,070 Unamortized debt issuance costs (1,513 ) (1,661 ) Credit agreement — — Long term debt $ 178,557 178,409 The aggregate amount of principal payments, excluding the revolving credit, due subsequent to December 31, 2022 is: 2023 - $ 0 0 0 0 180,070,000 On February 6, 2019, the Company entered into a First Amendment to the 2015 Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, N.A. (“Wells Fargo”), effective February 6, 2019. The Credit Agreement modifies the Company’s prior Credit Agreement with Wells Fargo dated January 30, 2015. The Credit Agreement establishes a five 20 million 1.50 1.25 1.0 defined which excludes FRP Riverfront. A commitment fee of 0.25 0.20 0.15 no 562,000 19,438,000 1 5.36871 249 million On November 17, 2017, Dock 79 borrowed a principal sum of $ 90,000,000 4.125 120 months 900,000 Effective March 31, 2021, the Company consolidated the assets (at current fair value), liabilities and operating results of our Riverfront Investment Partners II, LLC partnership (“The Maren”) which was previously accounted for under the equity method. As such the full amount of our mortgage loan was recorded in the consolidated financial statements. On March 19, 2021, the Company refinanced Dock 79 and The Maren projects pursuant to separate Loan Agreements and Deed of Trust Notes entered into with Teachers Insurance and Annuity Association of America, LLC. Dock 79 and The Maren borrowed principal sums of $ 92,070,000 88,000,000 3.03 Either loan may be prepaid subsequent to April 1, 2024, subject to yield maintenance premiums. Either loan may be transferred to a qualified buyer as part of a one-time sale subject to a 60% loan to value, minimum of 7.5% debt yield and a 0.75% transfer fee Debt cost amortization of $ 148,000 2,601,000 3,783,000 The Company was in compliance with all

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2022
Leases [Abstract]
Leases	5. Leases The Company is a lessor of residential apartment homes, retail portions of mixed-use communities, commercial properties, and open pit aggregates quarries. Residential The Company’s residential spaces generally lease for 12 – 15-month lease terms and 90 days prior to the expiration, as long as there is no balance due, the tenant is offered a renewal. If no notice to move out or renew is made, then the leases go to month to month until notification of termination or renewal is received. Renewal terms are typically 9 – 12 months. In 2021, due to the DC legislation in place freezing rent increases as a part of a covid relief plan, FRP was unable to increase rental rates for renewals. This legislation was lifted in February 2022. Retail The Company also leases retail spaces at apartment/mixed-use properties. The retail leases are typically 10 -15-year leases with options to renew for another 5 years. Retail leases at these properties also include percentage rents which average 3-6% of annual sales for the tenant that exceed a breakpoint stipulated by each individual lease. All base rent revenue is recognized on a straight-line basis. Commercial & Office The Company’s industrial warehouses typically lease for terms ranging from 3 – 10 years often with one or two renewal options. All base rent revenue is recognized on a straight-lined basis. All of the commercial warehouse leases are triple net and common area maintenance costs (CAM Revenue) are billed monthly, and insurance and real estate taxes are billed annually. 34 Loveton is the only office product wherein all leases are full service therefore there is no CAM revenue. Office leases are also recognized on a straight-lined basis. Mining The Company leases land under long-term leases that grant the lessee the right to mine and sell reserves from our property in exchange for royalty payments. A typical lease has an option to extend the lease for additional terms. At December 31, 2022, the total Carrying value of property owned by the Company which is leased or held for lease Construction aggregates property $ 46,816 Commercial property 92,721 Residential/mixed-use property 294,413 Carrying Value of property owned by the Company leased or held for lease, gross 433,950 Less accumulated depreciation and depletion 56,786 Carrying Value of property owned by the Company leased or held for lease, net $ 377,164 The minimum future straight-lined rentals due the Company on noncancelable leases as of December 31, 2022 are as follows: 2023 - $ 17,060,000 6,903,000 6,457,000 5,377,000 3,941,000 21,693,000

Earnings per Share

Earnings per Share	12 Months Ended
Earnings per Share	Dec. 31, 2022
Earnings per common share:
Earnings per Share	6. Earnings per Share The following details the computations of the Basic and diluted earnings per common share Years Ended December 31 2022 2021 2020 Common shares: Weighted average common shares outstanding during the period – shares used for basic earnings per common share 9,386 9,355 9,580 Common shares issuable under share based payments plans which are potentially dilutive 49 42 29 Common shares used for diluted earnings per common share 9,435 9,397 9,609 Net income attributable to the Company $ 4,565 28,215 12,715 Earnings per common share: -basic $ 0.49 3.02 1.33 -diluted $ 0.48 3.00 1.32 For 2022 the Company did not have any 6,680 During 2021 the Company repurchased 6,004 43.95 510,145 41.78

Stock-Based Compensation Plans

Stock-Based Compensation Plans	12 Months Ended
Stock-Based Compensation Plans	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation Plans	7. Stock-Based Compensation Plans The Company has two ten exercisable immediately or become exercisable in cumulative installments of 20% or 25% The Company utilizes the Black-Scholes valuation model for estimating fair value of stock compensation for options awarded to officers and employees. Each grant is evaluated based upon assumptions at the time of grant. The assumptions were no 29 41 1.9 2.9 3.0 7.0 The dividend yield of zero In January 2022, 7,448 four 14,016 five 8,896 four 18,882 five 20,520 five 367,641 865 1,098 11,448 The Company recorded the following Stock compensation expense Years Ended December 31, 2022 2021 2020 Stock option grants $ 69 69 92 Restricted stock awards 800 492 250 Employee stock grant 50 50 530 Annual director stock award 650 500 500 Stock compensation $ 1,569 1,111 1,372 A Summary of changes in outstanding options Weighted Weighted Weighted Number Average Average Average of Exercise Remaining Grant Date Options Shares Price Term (yrs) Fair Value(000's) Outstanding at January 1, 2020 132,504 $ 33.82 5.8 $ 1,631 Exercised (12,415 ) $ 19.23 $ (100 ) Outstanding at December 31, 2020 120,089 $ 35.33 5.3 $ 1,531 Exercised (15,334 ) $ 17.54 $ (115 ) Outstanding at December 31, 2021 104,755 $ 37.93 4.8 $ 1,416 Exercised (16,460 ) $ 25.07 $ (145 ) Outstanding at December 31, 2022 88,295 $ 40.33 4.4 $ 1,271 Exercisable at December 31, 2022 84,305 $ 40.07 4.3 $ 1,205 Vested during twelve months ended December 31, 2022 4,179 $ 69 The following table summarizes information concerning Stock options outstanding Shares Weighted Weighted Range of Exercise under Average Average Prices per Share Option Exercise Price Remaining Life Non-exercisable: $43.16 - $45.97 3,990 $ 45.97 5.9 Years Exercisable: $29.96 - $35.95 22,750 29.62 1.9 $35.96 - $43.15 12,000 38.45 4.0 $43.16 - $45.97 49,555 45.25 5.4 84,305 $ 40.07 4.3 Years Total 88,295 $ 40.33 4.4 Years The aggregate intrinsic value of exercisable in-the-money options was $ 1,163,000 1,194,000 53.86 The unrecognized compensation cost of options granted to FRP employees but not yet vested as of December 31, 2022 was $ 60,000 .9 Gains of $ 571,000 A Summary of changes in restricted stock awards Weighted Weighted Weighted Number Average Average Average Of Exercise Remaining Grant Date Restricted stock Shares Price Term (yrs) Fair Value(000's) Non-vested at January 1, 2020 0 $ 0 $ 0 Performance-based awards granted 20,520 46.30 950 Non-vested at December 31, 2020 20,520 $ 46.30 3.4 $ 950 Time-based awards granted 8,896 45.55 405 Performance-based awards granted 18,882 45.55 860 Vested (2,224 ) 45.55 (101 ) Non-vested at December 31, 2021 46,074 $ 45.88 3.1 $ 2,114 Time-based awards granted 7,448 57.80 431 Performance-based awards granted 14,016 57.80 810 Vested (15,679 ) 47.56 (746 ) Forfeited (1,363 ) 46.30 (63 ) Non-vested at December 31, 2022 50,496 $ 50.42 3.0 $ 2,546 Total unrecognized compensation cost of restricted stock granted but not yet vested as of December 31, 2022 was $ 2,142,000 3.1 years

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes The Provision for income tax expense Years Ended December 31, 2022 2021 2020 Included in Net income: Continuing operations $ 1,530 10,281 3,207 Comprehensive income (515 ) (209 ) (92 ) Total tax expense $ 1,015 10,072 3,115 The Provision for income taxes Year Ended December 31, 2022 2021 2020 Current: Federal $ (214 ) 305 (2,667 ) State (571 ) 1,826 (213 ) Current income tax expense (785 ) 2,131 (2,880 ) Deferred 1,800 7,941 5,995 Total $ 1,015 10,072 3,115 The deferred taxes are primarily related to the bonus depreciation on property placed in service. Taxes in 2020 were favorably impacted by $ 1,100,000 tax rate was 35 As of December 31, 2022 the company has deferred taxes of approximately $ 31 million 112 million These taxes are deferred until the earlier of the sale of the related investments or December 31, 2026 and 10% of gains are excluded from tax once the investments are held five years plus an additional 5% is excluded at seven years A reconciliation between the amount of tax shown above and the amount computed at the statutory Federal income tax rate follows (in thousands): Income tax reconciliation Year Ended December 31 2022 2021 2020 Amount computed at statutory Federal rate $ 924 7,941 3,226 State income taxes (net of Federal income tax benefit) (30 ) 2,634 1,048 Carryback of net operating loss — — (1,100 ) Other, net 121 (503 ) (59 ) Provision for income taxes $ 1,015 10,072 3,115 In this reconciliation, the category “Other, net” consists of permanent tax differences related to non-deductible expenses, special tax rates and tax credits, interest paid and penalties, and adjustments to prior year estimates. The types of temporary differences and their related tax effects that give rise to deferred tax assets and deferred tax liabilities are presented below (in thousands): Temporary tax differences December 31, 2022 2021 2020 Deferred tax liabilities: Property and equipment $ 41,866 38,143 25,468 Investment in opportunity zone 34,871 30,846 30,846 Depletion 697 704 708 Unrealized rents 150 58 27 Prepaid expenses 31 36 50 Gross deferred tax liabilities 77,615 69,787 57,099 Deferred tax assets: Federal tax loss carryforwards 6,375 3,235 — State tax loss carryforwards 2,359 1,388 — Employee benefits and other 921 1,117 993 Gross deferred tax assets 9,655 5,740 993 Net deferred tax liability $ 67,960 64,047 56,106 NOL Carryovers Years Ended Other Items - All Gross 12/31/2022 12/31/2021 State NOL Carryovers 38,169,229 23,111,156 Federal NOL Carryovers 30,357,222 15,406,397 The Company has no FRP tax returns in the U.S. and various states that include the Company are subject to audit by taxing authorities. As of December 31, 2022, the earliest tax year that remains open for audit is 2017. Our effective income tax expense may vary, possibly materially, due to projected effective state tax rates.

Employee Benefits

Employee Benefits	12 Months Ended
Employee Benefits	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefits	9. Employee Benefits The Company and certain subsidiaries have a savings/profit sharing plan for the benefit of qualified employees. The savings feature of the plan incorporates the provisions of Section 401(k) of the Internal Revenue Code under which an eligible employee may elect to save a portion (within limits) of their compensation on a tax deferred basis. The Company contributes to a participant’s account an amount equal to 50 54,000 49,000 The Company has a deferred compensation plan, the Management Security Plan (MSP) for our President. The accruals for future benefits are based upon actuarial assumptions. Life insurance on his life has been purchased to partially fund this benefit and the Company is the owner and beneficiary of that policy. The expense for 2022 and 2021, was $ 10,000 8,000 1,354,000 1,302,000

Business Segments

Business Segments	12 Months Ended
Business Segments	Dec. 31, 2022
Segment Reporting [Abstract]
Business Segments	10. Business Segments The Company is reporting its financial performance based on four The Asset Management Segment owns, leases and manages in-service commercial properties wholly owned by the Company. Currently this includes seven two Our Mining Royalty Lands segment owns several properties comprising approximately 16,650 4,280 Through our Development segment, we own and are continuously assessing for their highest and best use for several parcels of land that are in various stages of development. Our overall strategy in this segment is to convert all of our non-income producing lands into income production through (i) an orderly process of constructing new buildings for us to own and operate or (ii) a sale to, or joint venture with, third parties. Additionally, our Development segment will form joint ventures on new developments of land not previously owned by the Company. The Stabilized Joint Venture segment includes joint ventures which own, lease and manage buildings that have met our initial lease-up criteria. Two of our joint ventures in the segment, Riverfront Investment Partners I, LLC (“Dock 79”) and Riverfront Investment Partners II, LLC (“The Maren”) are consolidated. The Maren was consolidated effective March 31, 2021 and prior periods are still reflected under the equity method. The ownership of Dock 79 and The Maren (commencing March, 2021) attributable to our partner MidAtlantic Realty Partners, LLC (MRP) is reflected on our consolidated balance sheet as a noncontrolling interest. Such noncontrolling interests are reported on the Consolidated Balance Sheets within equity but separately from shareholders' equity. On the Consolidated Statements of Income, all of the revenues and expenses from Dock 79 are reported in net income, including both the amounts attributable to the Company and the noncontrolling interest. The Maren is reflected in Equity in loss of joint ventures on the Consolidated Statements of Income for the periods up to March 31, 2021 but is reflected like Dock 79 for periods commencing April 1, 2021. The amounts of consolidated net income attributable to the noncontrolling interest is clearly identified on the accompanying Consolidated Statements of Income. Operating results and certain other financial data for the Company’s business segments Years Ended December 31, 2022 2021 2020 Revenues: Revenues Asset management $ 3,681 2,575 2,747 Revenues Mining royalty lands 10,683 9,465 9,477 Revenues Development 1,674 1,563 1,152 Revenues Stabilized Joint Venture 21,443 17,617 10,207 Revenues $ 37,481 31,220 23,583 Operating profit: Before corporate expenses: Operating profit before corporate expenses Asset management $ 1,592 612 907 Operating profit before corporate expenses Mining royalty lands 9,305 8,558 8,629 Operating profit before corporate expenses Development (2,791 ) (2,548 ) (2,576 ) Operating profit before corporate expenses Stabilized Joint Venture 3,552 (1,277 ) 1,685 Operating profit before corporate expenses Operating profit before corporate expenses 11,658 5,345 8,645 Corporate expenses: Corporate expenses Allocated to asset management (632 ) (843 ) (909 ) Corporate expenses Allocated to mining royalty lands (414 ) (318 ) (288 ) Corporate expenses Allocated to Development (2,284 ) (1,557 ) (2,108 ) Corporate expenses Allocated to Stabilized Joint Venture (332 ) (353 ) (206 ) Corporate expenses (3,662 ) (3,071 ) (3,511 ) Operating profit $ 7,996 2,274 5,134 Interest expense Interest expense $ 3,045 2,304 1,100 Depreciation, depletion and amortization: Depreciation, depletion and amortization Asset management $ 907 578 652 Depreciation, depletion and amortization Mining royalty lands 586 199 218 Depreciation, depletion and amortization Development 189 208 214 Depreciation, depletion and amortization Stabilized Joint Venture 9,535 11,752 4,744 Depreciation, depletion and amortization $ 11,217 12,737 5,828 Capital expenditures: Capital expenditures Asset management $ 1,284 852 924 Capital expenditures Mining royalty lands 11,218 522 — Capital expenditures Development 14,521 14,242 16,547 Capital expenditures Stabilized Joint Venture 592 914 73 Capital expenditures $ 27,615 16,530 17,544 Identifiable net assets Identifiable net assets at end of period: Assets Asset management $ 26,053 23,897 11,172 Assets Mining royalty lands 48,494 37,627 37,387 Assets Development 188,834 176,386 196,212 Assets Stabilized Joint Venture 257,535 266,429 130,472 Investments available for sale Investments available for sale at fair value — 4,317 75,609 Cash Cash items 178,294 162,273 74,105 Assets Unallocated corporate assets 1,874 7,261 11,403 Assets $ 701,084 678,190 536,360

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	11. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 means the use of quoted prices in active markets for identical assets or liabilities. Level 2 means the use of values that are derived principally from or corroborated by observable market data. Level 3 means the use of inputs are those that are unobservable and significant to the overall fair value measurement. At December 31, 2022, the Company was invested U.S. Treasury notes valued at $ 161,585,000 1,903,000 At December 31, 2022 and 2021, the carrying amount reported in the consolidated balance sheets for cash and cash equivalents including U.S. Treasury notes was adjusted to fair value as described above. The fair values of the Company’s other mortgage notes payable were estimated based on current rates available to the Company for debt of the same remaining maturities. At December 31, 2022, the carrying amount and fair value of such other long-term debt was $ 180,070,000 142,785,000 180,070,000 174,111,000

Contingent Liabilities

Contingent Liabilities	12 Months Ended
Contingent Liabilities	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities	12. Contingent Liabilities The Company may be involved in litigation on a number of matters and is subject to certain claims which arise in the normal course of business. The Company has retained certain self-insurance risks with respect to losses for third party liability and property damage. In the opinion of management, none of these matters are expected to have a material adverse effect on the Company’s consolidated financial condition, results of operations or cash flows. The Company is subject to numerous environmental laws and regulations. The Company believes that the ultimate disposition of currently known environmental matters will not have a material effect on its financial position, liquidity, or operations. The Company can give no assurance that previous environmental studies with respect to its properties have revealed all potential environmental contaminants; that any previous owner, occupant or tenant did not create any material environmental condition not known to the Company; that the current environmental condition of the properties will not be affected by tenants and occupants, by the condition of nearby properties, or by unrelated third parties; and that changes in applicable environmental laws and regulations or their interpretation will not result in additional environmental liability to the Company. As of December 31, 2022, there was $ 562,000 The Company and MRP guaranteed $ 26 million 1 1.9 million 1 48 48 1.9 million

Commitments

Commitments	12 Months Ended
Commitments	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments	13. Commitments The Company, at December 31, 2022, had entered into various contracts to develop and maintain real estate with remaining commitments totaling $ 2,133,000 As of December 31, 2022, we had additional financing commitments to our residential development lending ventures totaling $ 30.8 million 8.3 million

Concentrations

Concentrations	12 Months Ended
Concentrations	Dec. 31, 2022
Risks and Uncertainties [Abstract]
Concentrations	14. Concentrations The mining royalty lands segment has a total of five 23 453,000

Unusual or Infrequent Items Imp

Unusual or Infrequent Items Impacting Quarterly Results	12 Months Ended
Unusual or Infrequent Items Impacting Quarterly Results	Dec. 31, 2022
Unusual or Infrequent Items, or Both [Abstract]
Unusual or Infrequent Items Impacting Quarterly Results	15. Unusual or Infrequent Items Impacting Quarterly Results On March 31, 2021, the Company consolidated the assets (at fair value), liabilities and operating results of The Maren real estate partnership. The consolidation resulted in a gain on remeasurement of investment in real estate partnership of $ 51,139,000 13,965,000 Provision for income taxes in the fourth quarter of 2020 was favorably impacted by $ 1,100,000 35

Intangible Assets

Intangible Assets	12 Months Ended
Intangible Assets	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	16. Intangible Assets The Company has allocated the purchase price of property acquisitions based upon the fair value of the assets acquired, consisting of land, buildings and intangible assets, including in-place leases and below market leases. These deferred leasing intangible assets are recorded within Deferred Costs and Deferred lease intangible, net in the consolidated balance sheets. The value of the in-place lease intangibles will be amortized over the remaining lease terms. The fair value assigned pertaining to the above market in-place leases values are amortized as a reduction to rental revenue, and the below market in-place lease values are amortized as an increase to rental revenue over the remaining non-cancelable terms of the respective leases. The Company reviews intangible assets for impairment, whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of long-lived assets is measured by a comparison of the carrying amount of the asset group to the future undiscounted net cash flows expected to be generated by those assets. If such assets are considered to be impaired, the impairment charge recognized is the amount by which the carrying amounts of the assets exceeds the fair value of the assets. The Company had the following Acquired lease intangibles Years Ended December 31, 2022 2021 In-place leases $ 9,660 $ 9,660 Accumulated amortization $ (9,357 ) $ (8,798 ) Acquired intangible assets, net $ 303 $ 862 Amortization expense for in-place leases was $ 559,000 3,946,000 The Estimated aggregate amortization from acquired lease intangibles Amortization Year Ending of in-place December 31, lease intangibles 2023 $ 29 2024 29 2025 29 2026 29 2027 29

Contributions from partner

Contributions from partner	12 Months Ended
Contributions from partner	Dec. 31, 2022
Contributions From Partner
Contributions from partner	17. Contributions from partner On November 4, 2022 the Company sold a 20 65.3 million 36.0 million 1.4 million 27.9 million 9.3 million 18.6 million 7.7 million 18.6 million 2.1 million

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	18. Subsequent Events None

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
Accounting Policies (Policies)	Dec. 31, 2022
Accounting Policies [Abstract]
ORGANIZATION	ORGANIZATION FRP Holdings, Inc. was incorporated on April 22, 2014 in connection with a corporate reorganization that preceded the Spin-off of Patriot Transportation Holding, Inc. The Company’s predecessor issuer was formed on July 20, 1998. The business of the Company is conducted through our wholly-owned subsidiaries FRP Development Corp., a Maryland corporation (“Development”) and Florida Rock Properties, Inc., a Florida corporation (“Properties”), and the various subsidiaries and joint ventures of each.
CONSOLIDATION	CONSOLIDATION Effective July 1, 2017 the Company consolidated the assets (at fair value), liabilities and operating results of our Riverfront Investment Partners I, LLC joint venture (“Dock 79”) which was previously accounted for under the equity method. Subsequent to the July 1, 2017 consolidation, the ownership of Dock 79 attributable to our partner MRP Realty is reflected on our consolidated balance sheet as a noncontrolling interest. In March 2021, Riverfront Investment Partners II, LLC reached stabilization which resulted in a change of control for accounting purposes as the veto rights of the minority shareholder lapsed and the Company became the primary beneficiary. As such, effective March 31, 2021 the Company consolidated the assets (at fair value), liabilities and operating results of our Riverfront Investment Partners II, LLC joint venture (“The Maren”) which was previously accounted for under the equity method. Subsequent to the March 31, 2021 consolidation, the ownership of The Maren attributable to our partner MRP Realty is reflected on our consolidated balance sheet as a noncontrolling interest. Such noncontrolling interests are reported on the Consolidated Balance Sheets within equity but separately from shareholders' equity. On the Consolidated Statements of Income, all of the revenues and expenses from Dock 79 are reported in net income, including both the amounts attributable to the Company and the noncontrolling interest. The Maren is reflected in Equity in loss of joint ventures on the Consolidated Statements of Income for the periods up to March 31, 2021 but is reflected like Dock 79 for periods commencing April 1, 2021. The amounts of consolidated net income attributable to the noncontrolling interest is clearly identified on the accompanying Consolidated Statements of Income. In 2022 we sold a 20
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS
INVESTMENTS AVAILABLE FOR SALE	INVESTMENTS AVAILABLE FOR SALE no
REVENUE AND EXPENSE RECOGNITION	REVENUE AND EXPENSE RECOGNITION Sales of real estate are recognized when the collection of the sales price is reasonably assured and when the Company has fulfilled substantially all of its obligations, which are typically as of the closing date. Accounts receivable are recorded net of discounts and provisions for estimated allowances. We estimate allowances on an ongoing basis by considering historical and current trends. We record estimated bad debts expense as a reduction of lease revenue. We estimate the net collectibility of our accounts receivable and establish an allowance for doubtful accounts based upon this assessment. Specifically, we analyze the aging of accounts receivable balances, historical bad debts, customer concentrations, customer credit-worthiness, current economic trends and changes in customer payment terms.
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Years Building and improvements 3-39 Depletion of sand and stone deposits is computed on the basis of units of production in relation to estimated reserves. Reserve estimates are periodically adjusted based upon surveys. The Company recorded depreciation and depletion expenses for fiscal year 2022, 2021 and 2020, of $ 10,618,000 8,806,000 5,766,000 All direct and indirect costs, including interest and real estate taxes, associated with the development, construction, leasing or expansion of real estate investments are capitalized as a cost of the property. Included in indirect costs is an allocation of internal costs associated with development of real estate investments. The cost of routine repairs and maintenance to property and equipment is expensed as incurred.
IMPAIRMENT OF LONG-LIVED ASSETS	IMPAIRMENT OF LONG-LIVED ASSETS
DEVELOPED PROPERTY RENTALS PURCHASE ACCOUNTING	DEVELOPED PROPERTY RENTALS PURCHASE ACCOUNTING recorded at their fair value at the time of acquisition. The fair value of the acquired property is allocated between land and building (on an as-if vacant basis) based on management’s estimate of the fair value of those components for each type of property and to tenant improvements based on the depreciated replacement cost of the tenant improvements, which approximates their fair value. The fair value of the in-place leases is recorded as follows: · the fair value of leases in-place on the date of acquisition is based on absorption costs for the estimated lease-up period in which vacancy and foregone revenue are avoided due to the presence of the acquired leases; · the fair value of above and below-market in-place leases based on the present value (using a discount rate that reflects the risks associated with the acquired leases) of the difference between contractual rent amounts to be paid under the assumed lease and the estimated market lease rates for the corresponding spaces over the remaining non-cancelable terms of the related leases; and · the fair value of intangible tenant or customer relationships. The Company’s determination of these fair values requires it to estimate market rents for each of the leases and make certain other assumptions. These estimates and assumptions affect the rental revenue, and depreciation and amortization expense recognized for these leases and associated intangible assets and liabilities.
INVESTMENTS IN JOINT VENTURES	INVESTMENTS IN JOINT VENTURES 50 excess of 50%
INCOME TAXES	INCOME TAXES
STOCK BASED COMPENSATION	STOCK BASED COMPENSATION after the grant date. The fair value of each grant is estimated on the date of grant using the Black-Scholes option-pricing model. The assumptions used in the model and current year impact are discussed in Note 7.
DEFERRED COMPENSATION PLAN	DEFERRED COMPENSATION PLAN
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE
USE OF ESTIMATES	USE OF ESTIMATES Certain accounting policies and estimates are of more significance in the financial statement preparation process than others. The most critical accounting policies and estimates include the economic useful lives of our mining reserves, property and equipment, provisions for uncollectible accounts receivable and collectibility of unrealized rents, accounting for real estate investments, estimates of exposures related to our insurance claims plans and environmental liabilities, and estimates for taxes. To the extent that actual, final outcomes are different than these estimates, or that additional facts and circumstances result in a revision to these estimates, earnings during that accounting period will be affected.
ENVIRONMENTAL	ENVIRONMENTAL
COMPREHENSIVE INCOME	COMPREHENSIVE INCOME
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS

Investments in Joint Ventures (

Investments in Joint Ventures (Tables)	12 Months Ended
Investments in Joint Ventures (Tables)	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in unconsolidated joint ventures	The following table summarizes the Company’s Investments in unconsolidated joint ventures The Company's Share of Profit Common Total Total Assets of Profit (Loss) (Loss) of the Ownership Investment The Partnership Of the Partnership Partnership (1) As of December 31, 2022 Brooksville Quarry, LLC 50.00 % $ 7,522 14,374 (84 ) (42 ) BC FRP Realty, LLC 50.00 % 5,453 21,825 (358 ) (175 ) Buzzard Point Sponsor, LLC 50.00 % 1,453 2,906 — — Bryant Street Partnerships 61.36 % 55,561 199,774 (10,339 ) (6,829 ) Lending ventures 16,476 5,577 — — DST Hickory Creek 26.65 % — — 10,960 3,164 Estero Partnership 16.00 % 3,600 38,505 — — 1800 Half St. Owner, LLC 61.37 % 38,471 131,128 (1,841 ) (1,129 ) Greenville Partnerships 40.00 % 11,989 96,551 (1,775 ) (710 ) Total $ 140,525 510,640 (3,437 ) (5,721 ) The Company's Share of Profit Common Total Total Assets of Profit (Loss) (Loss) of the Ownership Investment The Partnership Of the Partnership Partnership (1) As of December 31, 2021 Brooksville Quarry, LLC 50.00 % $ 7,488 14,301 (82 ) (41 ) BC FRP Realty, LLC 50.00 % 5,530 22,470 (230 ) (115 ) Riverfront Holdings II, LLC (1) — — (760 ) (628 ) Bryant Street Partnerships 61.36 % 59,558 204,082 (6,084 ) (4,954 ) Aberdeen Station Loan 514 514 — — DST Hickory Creek 26.65 % 6,000 46,048 (481 ) 343 Amber Ridge Loan 11,466 11,466 — — 1800 Half St. Owner, LLC 61.37 % 38,693 93,932 12 20 Greenville Partnerships 40.00 % 16,194 87,731 (948 ) (379 ) Total $ 145,443 480,544 (8,573 ) (5,754 ) (1): Riverfront Holdings II, LLC was consolidated on March 31, 2021. Bryant Street Partnerships includes $747,000 in 2021 for the Company’s share of preferred interest and $471,000 in 2021 for amortization of guarantee liability related to the Bryant Street loan.
Investments in Apartment/Mixed Use Joint Ventures as of December 31, 2022	The major classes of assets, liabilities and equity of the Company’s Investments in Joint Ventures as of December 31, 2022 are summarized in the following two tables (in thousands): Investments in Apartment/Mixed Use Joint Ventures as of December 31, 2022 As of December 31, 2022 Total Buzzard Point Bryant Street Estero 1800 Half St. Greenville Apartment/ Sponsor, LLC Partnership Partnership Partnership Partnership Mixed-Use Investments in real estate, net $ 0 192,904 33,008 130,616 95,883 $ 452,411 Cash and cash equivalents 0 1,349 5,497 359 567 7,772 Unrealized rents & receivables 0 5,128 0 14 13 5,155 Deferred costs 2,906 393 0 139 88 3,526 Total Assets $ 2,906 199,774 38,505 131,128 96,551 $ 468,864 Secured notes payable $ 0 129,263 16,000 66,584 64,954 $ 276,801 Other liabilities 0 2,338 5 5,328 3,014 10,685 Capital - FRP 1,453 53,553 3,600 36,348 11,087 106,041 Capital – Third Parties 1,453 14,620 18,900 22,868 17,496 75,337 Total Liabilities and Capital $ 2,906 199,774 38,505 131,128 96,551 $ 468,864
Investments in Joint Ventures as of December 31, 2022	Investments in Joint Ventures as of December 31, 2022 As of December 31, 2022 Total Brooksville BC FRP Lending Apartment/ Grand Quarry, LLC Realty, LLC Ventures Mixed-Use Total Investments in real estate, net $ 14,307 21,059 5,547 452,411 $ 493,324 Cash and cash equivalents 66 99 0 7,772 7,937 Unrealized rents & receivables 0 422 0 5,155 5,577 Deferred costs 1 245 30 3,526 3,802 Total Assets $ 14,374 21,825 5,577 468,864 $ 510,640 Secured notes payable $ 0 10,899 (10,899 ) 276,801 $ 276,801 Other liabilities 0 338 0 10,685 11,023 Capital – FRP 7,522 5,294 16,476 106,041 135,333 Capital - Third Parties 6,852 5,294 0 75,337 87,483 Total Liabilities and Capital $ 14,374 21,825 5,577 468,864 $ 510,640
Investments in Apartment/Mixed Use Joint Ventures as of December 31, 2021	The major classes of assets, liabilities and equity of the Company’s Investments in Joint Ventures as of December 31, 2021 are summarized in the following two tables (in thousands): Investments in Apartment/Mixed Use Joint Ventures as of December 31, 2021 As of December 31, 2021 Total Riverfront Bryant Street DST Hickory 1800 Half St. Greenville/ Apartment/ Holdings II, LLC Partnership Creek Partnership Woodfield Mixed-Use Investments in real estate, net $ 0 199,730 43,840 93,504 87,421 $ 424,495 Cash and cash equivalents 0 1,123 827 428 279 2,657 Unrealized rents & receivables 0 2,925 1,044 0 5 3,974 Deferred costs 0 304 337 0 26 667 Total Assets $ 0 204,082 46,048 93,932 87,731 $ 431,793 Secured notes payable $ 0 119,201 29,337 18,404 44,309 $ 211,251 Other liabilities 0 9,066 115 14,470 4,462 28,113 Capital - FRP 0 57,555 4,423 37,478 15,584 115,040 Capital – Third Parties 0 18,260 12,173 23,580 23,376 77,389 Total Liabilities and Capital $ 0 204,082 46,048 93,932 87,731 $ 431,793
Investments in Joint Ventures as of December 31, 2021	Investments in Joint Ventures as of December 31, 2021 As of December 31, 2021 Brooksville BC FRP Aberdeen Amber Ridge Apartment/ Grand Quarry, LLC Realty, LLC Loan Loan Mixed-Use Total Investments in real estate, net $ 14,281 21,561 514 11,466 424,495 $ 472,317 Cash and cash equivalents 18 312 0 0 2,657 2,987 Unrealized rents & receivables 0 368 0 0 3,974 4,342 Deferred costs 2 229 0 0 667 898 Total Assets $ 14,301 22,470 514 11,466 431,793 $ 480,544 Secured notes payable $ 0 11,384 0 0 211,251 $ 222,635 Other liabilities 0 140 0 0 28,113 28,253 Capital - FRP 7,488 5,473 514 11,466 115,040 139,981 Capital - Third Parties 6,813 5,473 0 0 77,389 89,675 Total Liabilities and Capital $ 14,301 22,470 514 11,466 431,793 $ 480,544
Bryant Street Partnerships	The income statements of the Bryant Street Partnerships Bryant Street Bryant Street Bryant Street Bryant Street Partnerships Partnerships Partnerships Partnerships Total JV Total JV Company Share Company Share Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, 2022 2021 2022 2021 Revenues: Rental Revenue $ 9,586 $ 2,376 $ 5,882 $ 1,458 Revenue – other 1,766 318 1,084 195 Total Revenues 11,352 2,694 6,966 1,653 Cost of operations: Depreciation and amortization 6,737 2,842 4,134 1,744 Operating expenses 5,428 3,163 3,331 1,941 Property taxes 1,376 398 844 244 Total cost of operations 13,541 6,403 8,309 3,929 Total operating loss (2,189 ) (3,709 ) (1,343 ) (2,276 ) Interest expense (8,150 ) (2,375 ) (5,486 ) (2,678 ) Net loss before tax $ (10,339 ) $ (6,084 ) $ (6,829 ) $ (4,954 )
Greenville Woodfield Riverside Partnership	The income statements of the Greenville Woodfield Riverside Partnership Woodfield Woodfield Riverside Partnership Riverside Partnership Total JV Company Share Year ended Year ended December 31, December 31, 2022 2022 Revenues: Rental Revenue $ 3,146 $ 1,259 Revenue – other 176 70 Total Revenues 3,322 1,329 Cost of operations: Depreciation and amortization 1,557 623 Operating expenses 1,207 483 Property taxes 778 311 Total cost of operations 3,542 1,417 Total operating loss (220 ) (88 ) Interest expense (1,113 ) (445 ) Net loss before tax $ (1,333 ) $ (533 )

Debt (Tables)

Debt (Tables)	12 Months Ended
Debt (Tables)	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt December 31, December 31, 2022 2021 Fixed rate mortgage loans, 3.03 $ 180,070 180,070 Unamortized debt issuance costs (1,513 ) (1,661 ) Credit agreement — — Long term debt $ 178,557 178,409

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2022
Leases [Abstract]
Carrying value of property owned by the Company which is leased or held for lease	At December 31, 2022, the total Carrying value of property owned by the Company which is leased or held for lease Construction aggregates property $ 46,816 Commercial property 92,721 Residential/mixed-use property 294,413 Carrying Value of property owned by the Company leased or held for lease, gross 433,950 Less accumulated depreciation and depletion 56,786 Carrying Value of property owned by the Company leased or held for lease, net $ 377,164

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
Earnings per Share (Tables)	Dec. 31, 2022
Earnings per common share:
Basic and diluted earnings per common share	The following details the computations of the Basic and diluted earnings per common share Years Ended December 31 2022 2021 2020 Common shares: Weighted average common shares outstanding during the period – shares used for basic earnings per common share 9,386 9,355 9,580 Common shares issuable under share based payments plans which are potentially dilutive 49 42 29 Common shares used for diluted earnings per common share 9,435 9,397 9,609 Net income attributable to the Company $ 4,565 28,215 12,715 Earnings per common share: -basic $ 0.49 3.02 1.33 -diluted $ 0.48 3.00 1.32

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	12 Months Ended
Stock-Based Compensation Plans (Tables)	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock compensation expense	The Company recorded the following Stock compensation expense Years Ended December 31, 2022 2021 2020 Stock option grants $ 69 69 92 Restricted stock awards 800 492 250 Employee stock grant 50 50 530 Annual director stock award 650 500 500 Stock compensation $ 1,569 1,111 1,372
Summary of changes in outstanding options	A Summary of changes in outstanding options Weighted Weighted Weighted Number Average Average Average of Exercise Remaining Grant Date Options Shares Price Term (yrs) Fair Value(000's) Outstanding at January 1, 2020 132,504 $ 33.82 5.8 $ 1,631 Exercised (12,415 ) $ 19.23 $ (100 ) Outstanding at December 31, 2020 120,089 $ 35.33 5.3 $ 1,531 Exercised (15,334 ) $ 17.54 $ (115 ) Outstanding at December 31, 2021 104,755 $ 37.93 4.8 $ 1,416 Exercised (16,460 ) $ 25.07 $ (145 ) Outstanding at December 31, 2022 88,295 $ 40.33 4.4 $ 1,271 Exercisable at December 31, 2022 84,305 $ 40.07 4.3 $ 1,205 Vested during twelve months ended December 31, 2022 4,179 $ 69
Stock options outstanding	The following table summarizes information concerning Stock options outstanding Shares Weighted Weighted Range of Exercise under Average Average Prices per Share Option Exercise Price Remaining Life Non-exercisable: $43.16 - $45.97 3,990 $ 45.97 5.9 Years Exercisable: $29.96 - $35.95 22,750 29.62 1.9 $35.96 - $43.15 12,000 38.45 4.0 $43.16 - $45.97 49,555 45.25 5.4 84,305 $ 40.07 4.3 Years Total 88,295 $ 40.33 4.4 Years
Summary of changes in restricted stock awards	A Summary of changes in restricted stock awards Weighted Weighted Weighted Number Average Average Average Of Exercise Remaining Grant Date Restricted stock Shares Price Term (yrs) Fair Value(000's) Non-vested at January 1, 2020 0 $ 0 $ 0 Performance-based awards granted 20,520 46.30 950 Non-vested at December 31, 2020 20,520 $ 46.30 3.4 $ 950 Time-based awards granted 8,896 45.55 405 Performance-based awards granted 18,882 45.55 860 Vested (2,224 ) 45.55 (101 ) Non-vested at December 31, 2021 46,074 $ 45.88 3.1 $ 2,114 Time-based awards granted 7,448 57.80 431 Performance-based awards granted 14,016 57.80 810 Vested (15,679 ) 47.56 (746 ) Forfeited (1,363 ) 46.30 (63 ) Non-vested at December 31, 2022 50,496 $ 50.42 3.0 $ 2,546

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Provision for income tax expense	The Provision for income tax expense Years Ended December 31, 2022 2021 2020 Included in Net income: Continuing operations $ 1,530 10,281 3,207 Comprehensive income (515 ) (209 ) (92 ) Total tax expense $ 1,015 10,072 3,115
Provision for income taxes	The Provision for income taxes Year Ended December 31, 2022 2021 2020 Current: Federal $ (214 ) 305 (2,667 ) State (571 ) 1,826 (213 ) Current income tax expense (785 ) 2,131 (2,880 ) Deferred 1,800 7,941 5,995 Total $ 1,015 10,072 3,115
Income tax reconciliation	A reconciliation between the amount of tax shown above and the amount computed at the statutory Federal income tax rate follows (in thousands): Income tax reconciliation Year Ended December 31 2022 2021 2020 Amount computed at statutory Federal rate $ 924 7,941 3,226 State income taxes (net of Federal income tax benefit) (30 ) 2,634 1,048 Carryback of net operating loss — — (1,100 ) Other, net 121 (503 ) (59 ) Provision for income taxes $ 1,015 10,072 3,115
Temporary tax differences	The types of temporary differences and their related tax effects that give rise to deferred tax assets and deferred tax liabilities are presented below (in thousands): Temporary tax differences December 31, 2022 2021 2020 Deferred tax liabilities: Property and equipment $ 41,866 38,143 25,468 Investment in opportunity zone 34,871 30,846 30,846 Depletion 697 704 708 Unrealized rents 150 58 27 Prepaid expenses 31 36 50 Gross deferred tax liabilities 77,615 69,787 57,099 Deferred tax assets: Federal tax loss carryforwards 6,375 3,235 — State tax loss carryforwards 2,359 1,388 — Employee benefits and other 921 1,117 993 Gross deferred tax assets 9,655 5,740 993 Net deferred tax liability $ 67,960 64,047 56,106
NOL Carryovers	NOL Carryovers Years Ended Other Items - All Gross 12/31/2022 12/31/2021 State NOL Carryovers 38,169,229 23,111,156 Federal NOL Carryovers 30,357,222 15,406,397

Business Segments (Tables)

Business Segments (Tables)	12 Months Ended
Business Segments (Tables)	Dec. 31, 2022
Segment Reporting [Abstract]
Company’s business segments	Operating results and certain other financial data for the Company’s business segments Years Ended December 31, 2022 2021 2020 Revenues: Revenues Asset management $ 3,681 2,575 2,747 Revenues Mining royalty lands 10,683 9,465 9,477 Revenues Development 1,674 1,563 1,152 Revenues Stabilized Joint Venture 21,443 17,617 10,207 Revenues $ 37,481 31,220 23,583 Operating profit: Before corporate expenses: Operating profit before corporate expenses Asset management $ 1,592 612 907 Operating profit before corporate expenses Mining royalty lands 9,305 8,558 8,629 Operating profit before corporate expenses Development (2,791 ) (2,548 ) (2,576 ) Operating profit before corporate expenses Stabilized Joint Venture 3,552 (1,277 ) 1,685 Operating profit before corporate expenses Operating profit before corporate expenses 11,658 5,345 8,645 Corporate expenses: Corporate expenses Allocated to asset management (632 ) (843 ) (909 ) Corporate expenses Allocated to mining royalty lands (414 ) (318 ) (288 ) Corporate expenses Allocated to Development (2,284 ) (1,557 ) (2,108 ) Corporate expenses Allocated to Stabilized Joint Venture (332 ) (353 ) (206 ) Corporate expenses (3,662 ) (3,071 ) (3,511 ) Operating profit $ 7,996 2,274 5,134 Interest expense Interest expense $ 3,045 2,304 1,100 Depreciation, depletion and amortization: Depreciation, depletion and amortization Asset management $ 907 578 652 Depreciation, depletion and amortization Mining royalty lands 586 199 218 Depreciation, depletion and amortization Development 189 208 214 Depreciation, depletion and amortization Stabilized Joint Venture 9,535 11,752 4,744 Depreciation, depletion and amortization $ 11,217 12,737 5,828 Capital expenditures: Capital expenditures Asset management $ 1,284 852 924 Capital expenditures Mining royalty lands 11,218 522 — Capital expenditures Development 14,521 14,242 16,547 Capital expenditures Stabilized Joint Venture 592 914 73 Capital expenditures $ 27,615 16,530 17,544
Identifiable net assets	Identifiable net assets Identifiable net assets at end of period: Assets Asset management $ 26,053 23,897 11,172 Assets Mining royalty lands 48,494 37,627 37,387 Assets Development 188,834 176,386 196,212 Assets Stabilized Joint Venture 257,535 266,429 130,472 Investments available for sale Investments available for sale at fair value — 4,317 75,609 Cash Cash items 178,294 162,273 74,105 Assets Unallocated corporate assets 1,874 7,261 11,403 Assets $ 701,084 678,190 536,360

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
Intangible Assets (Tables)	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired lease intangibles	The Company had the following Acquired lease intangibles Years Ended December 31, 2022 2021 In-place leases $ 9,660 $ 9,660 Accumulated amortization $ (9,357 ) $ (8,798 ) Acquired intangible assets, net $ 303 $ 862
Estimated aggregate amortization from acquired lease intangibles	The Estimated aggregate amortization from acquired lease intangibles Amortization Year Ending of in-place December 31, lease intangibles 2023 $ 29 2024 29 2025 29 2026 29 2027 29

Accounting Policies (Details Na

Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
Accounting Policies (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 04, 2022
Other Ownership Interests [Line Items]
Investments held for trading	$ 0
Estimated useful lives	3-39
Depreciation and depletion	$ 10,618,000	$ 8,806,000	$ 5,766,000
Greenville Woodfield Joint Venture [Member]
Other Ownership Interests [Line Items]
Voting interest	50
Brooksville Joint Venture [Member]
Other Ownership Interests [Line Items]
Voting interest	50
B C F R P Realty Joint Venture [Member]
Other Ownership Interests [Line Items]
Voting interest	50
Estero Partnership [Member]
Other Ownership Interests [Line Items]
Voting interest	50
Buzzard Point Sponsor Partnership [Member]
Other Ownership Interests [Line Items]
Voting interest	50
Bryant Street Partnerships [Member]
Other Ownership Interests [Line Items]
Voting interest	excess of 50%
Half Street Joint Venture [Member]
Other Ownership Interests [Line Items]
Voting interest	excess of 50%
Steuart Investment Company [Member]
Other Ownership Interests [Line Items]
Steuart ownership interest	20%			20%

Investments in unconsolidated j

Investments in unconsolidated joint ventures (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Aug. 31, 2022
Schedule of Equity Method Investments [Line Items]
Total investments	$ 140,525,000	$ 145,443,000
Total assets of the partnership	701,084,000	678,190,000	$ 536,360,000
Profit (loss) of the partnership	4,047,000	40,094,000	11,722,000
Share of profit (loss) of the partnership	(5,721,000)	(5,754,000)	$ (5,690,000)
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	510,640,000	480,544,000
Profit (loss) of the partnership	(3,437,000)	(8,573,000)
Real Estate Partnership Net Income Loss [Member]
Schedule of Equity Method Investments [Line Items]
Share of profit (loss) of the partnership	$ (5,721,000)	$ (5,754,000)
Brooksville Quarry L L C [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50%	50%
Total investments	$ 7,522,000	$ 7,488,000
Profit (loss) of the partnership	(84,000)	(82,000)
Share of profit (loss) of the partnership	(42,000)	(41,000)
Brooksville Quarry L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	$ 14,374,000	$ 14,301,000
B C F R P Realty L L C [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50%	50%
Total investments	$ 5,453,000	$ 5,530,000
Profit (loss) of the partnership	(358,000)	(230,000)
Share of profit (loss) of the partnership	(175,000)	(115,000)
B C F R P Realty L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	$ 21,825,000	$ 22,470,000
Buzzard Point Sponsor Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50%
Total investments	$ 1,453,000
Profit (loss) of the partnership	0
Share of profit (loss) of the partnership	0
Buzzard Point Sponsor Partnership [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	$ 2,906,000
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	61.36%	61.36%
Total investments	$ 55,561,000	$ 59,558,000
Profit (loss) of the partnership	(10,339,000)	(6,084,000)
Share of profit (loss) of the partnership	(6,829,000)	(4,954,000)
Bryant Street Partnerships [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	199,774,000	$ 204,082,000
Lending Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Total investments	16,476,000
Profit (loss) of the partnership	0
Share of profit (loss) of the partnership	0
Lending Ventures [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	$ 5,577,000
D S T Hickory Creek [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	26.65%	26.65%
Total investments	$ 0	$ 6,000,000
Profit (loss) of the partnership	10,960,000	(481,000)
Share of profit (loss) of the partnership	3,164,000	343,000
D S T Hickory Creek [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	$ 0	$ 46,048,000
Estero Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	16%			16%
Total investments	$ 3,600,000			$ 3,600,000
Profit (loss) of the partnership	0
Estero Partnership [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	$ 38,505,000
Half St Owner L L C [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	61.37%	61.37%
Total investments	$ 38,471,000	$ 38,693,000
Profit (loss) of the partnership	(1,841,000)	12,000
Share of profit (loss) of the partnership	(1,129,000)	20,000
Half St Owner L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	$ 131,128,000	$ 93,932,000
Greenville Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	40%	40%
Total investments	$ 11,989,000	$ 16,194,000
Profit (loss) of the partnership	(1,775,000)	(948,000)
Share of profit (loss) of the partnership	(710,000)	(379,000)
Greenville Partnerships [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	$ 96,551,000	87,731,000
Riverfront Holdings I I L L C [Member]
Schedule of Equity Method Investments [Line Items]
Total investments		0
Profit (loss) of the partnership		(760,000)
Share of profit (loss) of the partnership		(628,000)
Riverfront Holdings I I L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		0
Aberdeen Station [Member]
Schedule of Equity Method Investments [Line Items]
Total investments		514,000
Profit (loss) of the partnership		0
Share of profit (loss) of the partnership		0
Aberdeen Station [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		514,000
Amber Ridge Loan [Member]
Schedule of Equity Method Investments [Line Items]
Total investments		11,466,000
Profit (loss) of the partnership		0
Share of profit (loss) of the partnership		0
Amber Ridge Loan [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		$ 11,466,000

Investments in Apartment_Mixed

Investments in Apartment/Mixed Use Joint Ventures as of December 31, 2022 (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	$ 493,324	$ 472,317
Cash and cash equivalents	7,937	2,987
Unrealized rents & receivables	5,577	4,342
Deferred costs	3,802	898
Total Assets	701,084	678,190	$ 536,360
Secured notes payable	276,801	222,635
Other liabilities	11,023	28,253
Capital – Third Parties	407,145	396,423
Total Liabilities and Capital	701,084	678,190
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	510,640	480,544
Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	135,333	139,981
Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	87,483	89,675
Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	510,640	480,544
Buzzard Point Sponsor Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	0
Cash and cash equivalents	0
Unrealized rents & receivables	0
Deferred costs	2,906
Secured notes payable	0
Other liabilities	0
Buzzard Point Sponsor Partnership [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	2,906
Buzzard Point Sponsor Partnership [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	1,453
Buzzard Point Sponsor Partnership [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	1,453
Buzzard Point Sponsor Partnership [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	2,906
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	192,904	199,730
Cash and cash equivalents	1,349	1,123
Unrealized rents & receivables	5,128	2,925
Deferred costs	393	304
Secured notes payable	129,263	119,201
Other liabilities	2,338	9,066
Bryant Street Partnerships [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	199,774	204,082
Bryant Street Partnerships [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	53,553	57,555
Bryant Street Partnerships [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	14,620	18,260
Bryant Street Partnerships [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	199,774	204,082
Estero Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	33,008
Cash and cash equivalents	5,497
Unrealized rents & receivables	0
Deferred costs	0
Secured notes payable	16,000
Other liabilities	5
Estero Partnership [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	38,505
Estero Partnership [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	3,600
Estero Partnership [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	18,900
Estero Partnership [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	38,505
Half St Owner L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	130,616	93,504
Cash and cash equivalents	359	428
Unrealized rents & receivables	14	0
Deferred costs	139	0
Secured notes payable	66,584	18,404
Other liabilities	5,328	14,470
Half St Owner L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	131,128	93,932
Half St Owner L L C [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	36,348	37,478
Half St Owner L L C [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	22,868	23,580
Half St Owner L L C [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	131,128	93,932
Greenville Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	95,883	87,421
Cash and cash equivalents	567	279
Unrealized rents & receivables	13	5
Deferred costs	88	26
Secured notes payable	64,954	44,309
Other liabilities	3,014	4,462
Greenville Partnerships [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	96,551	87,731
Greenville Partnerships [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	11,087	15,584
Greenville Partnerships [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	17,496	23,376
Greenville Partnerships [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	96,551	87,731
Apartment Mixed Use [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	452,411	424,495
Cash and cash equivalents	7,772	2,657
Unrealized rents & receivables	5,155	3,974
Deferred costs	3,526	667
Secured notes payable	276,801	211,251
Other liabilities	10,685	28,113
Apartment Mixed Use [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	468,864	431,793
Apartment Mixed Use [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	106,041	115,040
Apartment Mixed Use [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	75,337	77,389
Apartment Mixed Use [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	$ 468,864	$ 431,793

Investments in Joint Ventures a

Investments in Joint Ventures as of December 31, 2022 (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	$ 493,324	$ 472,317
Cash and cash equivalents	7,937	2,987
Unrealized rents & receivables	5,577	4,342
Deferred costs	3,802	898
Total Assets	701,084	678,190	$ 536,360
Secured notes payable	276,801	222,635
Other liabilities	11,023	28,253
Capital - Third Parties	407,145	396,423
Total Liabilities and Capital	701,084	678,190
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	510,640	480,544
Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital – FRP	135,333	139,981
Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	87,483	89,675
Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	510,640	480,544
Brooksville Quarry L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	14,307	14,281
Cash and cash equivalents	66	18
Unrealized rents & receivables	0	0
Deferred costs	1	2
Secured notes payable	0	0
Other liabilities	0	0
Brooksville Quarry L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	14,374	14,301
Brooksville Quarry L L C [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital – FRP	7,522	7,488
Brooksville Quarry L L C [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	6,852	6,813
Brooksville Quarry L L C [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	14,374	14,301
B C F R P Realty L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	21,059	21,561
Cash and cash equivalents	99	312
Unrealized rents & receivables	422	368
Deferred costs	245	229
Secured notes payable	10,899	11,384
Other liabilities	338	140
B C F R P Realty L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	21,825	22,470
B C F R P Realty L L C [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital – FRP	5,294	5,473
B C F R P Realty L L C [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	5,294	5,473
B C F R P Realty L L C [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	21,825	22,470
Lending Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	5,547
Cash and cash equivalents	0
Unrealized rents & receivables	0
Deferred costs	30
Secured notes payable	(10,899)
Other liabilities	0
Lending Ventures [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	5,577
Lending Ventures [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital – FRP	16,476
Lending Ventures [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	0
Lending Ventures [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	5,577
Apartment Mixed Use [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	452,411	424,495
Cash and cash equivalents	7,772	2,657
Unrealized rents & receivables	5,155	3,974
Deferred costs	3,526	667
Secured notes payable	276,801	211,251
Other liabilities	10,685	28,113
Apartment Mixed Use [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	468,864	431,793
Apartment Mixed Use [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital – FRP	106,041	115,040
Apartment Mixed Use [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	75,337	77,389
Apartment Mixed Use [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	$ 468,864	$ 431,793

Investments in Apartment_Mixe_2

Investments in Apartment/Mixed Use Joint Ventures as of December 31, 2021 (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	$ 493,324	$ 472,317
Cash and cash equivalents	7,937	2,987
Unrealized rents & receivables	5,577	4,342
Deferred costs	3,802	898
Total Assets	701,084	678,190	$ 536,360
Secured notes payable	276,801	222,635
Other liabilities	11,023	28,253
Capital – Third Parties	407,145	396,423
Total Liabilities and Capital	701,084	678,190
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	510,640	480,544
Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	135,333	139,981
Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	87,483	89,675
Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	510,640	480,544
Riverfront Holdings I I L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		0
Cash and cash equivalents		0
Unrealized rents & receivables		0
Deferred costs		0
Secured notes payable		0
Other liabilities		0
Riverfront Holdings I I L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		0
Riverfront Holdings I I L L C [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		0
Riverfront Holdings I I L L C [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties		0
Riverfront Holdings I I L L C [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		0
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	192,904	199,730
Cash and cash equivalents	1,349	1,123
Unrealized rents & receivables	5,128	2,925
Deferred costs	393	304
Secured notes payable	129,263	119,201
Other liabilities	2,338	9,066
Bryant Street Partnerships [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	199,774	204,082
Bryant Street Partnerships [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	53,553	57,555
Bryant Street Partnerships [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	14,620	18,260
Bryant Street Partnerships [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	199,774	204,082
D S T Hickory Creek [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		43,840
Cash and cash equivalents		827
Unrealized rents & receivables		1,044
Deferred costs		337
Secured notes payable		29,337
Other liabilities		115
D S T Hickory Creek [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	0	46,048
D S T Hickory Creek [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		4,423
D S T Hickory Creek [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties		12,173
D S T Hickory Creek [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		46,048
Half St Owner L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	130,616	93,504
Cash and cash equivalents	359	428
Unrealized rents & receivables	14	0
Deferred costs	139	0
Secured notes payable	66,584	18,404
Other liabilities	5,328	14,470
Half St Owner L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	131,128	93,932
Half St Owner L L C [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	36,348	37,478
Half St Owner L L C [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	22,868	23,580
Half St Owner L L C [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	131,128	93,932
Greenville Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	95,883	87,421
Cash and cash equivalents	567	279
Unrealized rents & receivables	13	5
Deferred costs	88	26
Secured notes payable	64,954	44,309
Other liabilities	3,014	4,462
Greenville Partnerships [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	96,551	87,731
Greenville Partnerships [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	11,087	15,584
Greenville Partnerships [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	17,496	23,376
Greenville Partnerships [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	96,551	87,731
Apartment Mixed Use [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	452,411	424,495
Cash and cash equivalents	7,772	2,657
Unrealized rents & receivables	5,155	3,974
Deferred costs	3,526	667
Secured notes payable	276,801	211,251
Other liabilities	10,685	28,113
Apartment Mixed Use [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	468,864	431,793
Apartment Mixed Use [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	106,041	115,040
Apartment Mixed Use [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties	75,337	77,389
Apartment Mixed Use [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	$ 468,864	$ 431,793

Investments in Joint Ventures_2

Investments in Joint Ventures as of December 31, 2021 (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	$ 493,324	$ 472,317
Cash and cash equivalents	7,937	2,987
Unrealized rents & receivables	5,577	4,342
Deferred costs	3,802	898
Total Assets	701,084	678,190	$ 536,360
Secured notes payable	276,801	222,635
Other liabilities	11,023	28,253
Capital - Third Parties	407,145	396,423
Total Liabilities and Capital	701,084	678,190
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	510,640	480,544
Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	135,333	139,981
Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	87,483	89,675
Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	510,640	480,544
Brooksville Quarry L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	14,307	14,281
Cash and cash equivalents	66	18
Unrealized rents & receivables	0	0
Deferred costs	1	2
Secured notes payable	0	0
Other liabilities	0	0
Brooksville Quarry L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	14,374	14,301
Brooksville Quarry L L C [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	7,522	7,488
Brooksville Quarry L L C [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	6,852	6,813
Brooksville Quarry L L C [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	14,374	14,301
B C F R P Realty L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	21,059	21,561
Cash and cash equivalents	99	312
Unrealized rents & receivables	422	368
Deferred costs	245	229
Secured notes payable	10,899	11,384
Other liabilities	338	140
B C F R P Realty L L C [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	21,825	22,470
B C F R P Realty L L C [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	5,294	5,473
B C F R P Realty L L C [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	5,294	5,473
B C F R P Realty L L C [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	21,825	22,470
Aberdeen Station [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		514
Cash and cash equivalents		0
Unrealized rents & receivables		0
Deferred costs		0
Secured notes payable		0
Other liabilities		0
Aberdeen Station [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		514
Aberdeen Station [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		514
Aberdeen Station [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties		0
Aberdeen Station [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		514
Amber Ridge Loan [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		11,466
Cash and cash equivalents		0
Unrealized rents & receivables		0
Deferred costs		0
Secured notes payable		0
Other liabilities		0
Amber Ridge Loan [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		11,466
Amber Ridge Loan [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		11,466
Amber Ridge Loan [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties		0
Amber Ridge Loan [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		11,466
Apartment Mixed Use [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	452,411	424,495
Cash and cash equivalents	7,772	2,657
Unrealized rents & receivables	5,155	3,974
Deferred costs	3,526	667
Secured notes payable	276,801	211,251
Other liabilities	10,685	28,113
Apartment Mixed Use [Member] \| Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	468,864	431,793
Apartment Mixed Use [Member] \| Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	106,041	115,040
Apartment Mixed Use [Member] \| Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	75,337	77,389
Apartment Mixed Use [Member] \| Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	$ 468,864	$ 431,793

Bryant Street Partnerships (Det

Bryant Street Partnerships (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Rental Revenue	$ 26,798	$ 21,755	$ 14,106
Total Revenues	37,481	31,220	23,583
Property taxes	4,125	3,751	2,826
Total cost of operations	7,065	6,219	3,333
Total operating loss	7,996	2,274	5,134
Interest expense	(3,045)	(2,304)	(1,100)
Net loss before tax	5,577	50,375	$ 14,929
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Rental Revenue	5,882	1,458
Revenue – other	1,084	195
Total Revenues	6,966	1,653
Depreciation and amortization	4,134	1,744
Operating expenses	3,331	1,941
Property taxes	844	244
Total cost of operations	8,309	3,929
Total operating loss	(1,343)	(2,276)
Interest expense	(5,486)	(2,678)
Net loss before tax	(6,829)	(4,954)
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Rental Revenue	9,586	2,376
Revenue – other	1,766	318
Total Revenues	11,352	2,694
Depreciation and amortization	6,737	2,842
Operating expenses	5,428	3,163
Property taxes	1,376	398
Total cost of operations	13,541	6,403
Total operating loss	(2,189)	(3,709)
Interest expense	(8,150)	(2,375)
Net loss before tax	$ (10,339)	$ (6,084)

Greenville Woodfield Riverside

Greenville Woodfield Riverside Partnership (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Rental Revenue	$ 26,798	$ 21,755	$ 14,106
Total Revenues	37,481	31,220	23,583
Property taxes	4,125	3,751	2,826
Total cost of operations	7,065	6,219	3,333
Total operating loss	7,996	2,274	5,134
Interest expense	(3,045)	(2,304)	(1,100)
Net loss before tax	5,577	$ 50,375	$ 14,929
Greenville Woodfield Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Rental Revenue	1,259
Revenue – other	70
Total Revenues	1,329
Depreciation and amortization	623
Operating expenses	483
Property taxes	311
Total cost of operations	1,417
Total operating loss	(88)
Interest expense	(445)
Net loss before tax	(533)
Greenville Woodfield Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Rental Revenue	3,146
Revenue – other	176
Total Revenues	3,322
Depreciation and amortization	1,557
Operating expenses	1,207
Property taxes	778
Total cost of operations	3,542
Total operating loss	(220)
Interest expense	(1,113)
Net loss before tax	$ (1,333)

Investments in Joint Ventures_3

Investments in Joint Ventures (Details Narrative)	1 Months Ended
Investments in Joint Ventures (Details Narrative)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) a	Aug. 31, 2022 USD ($) a	Dec. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 140,525,000		$ 145,443,000
Acres \| a		16,650
Difference between carrying value and underlying equity		$ 5,032,000
Retained earnings (accumulated deficit)		(13,115,000)		(8,942,000)
Estero Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 3,600,000	$ 3,600,000
Equity Method Investment, Ownership Percentage		16%	16%
Acres \| a			46
Preferred return			8%
B C F R P Realty L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 5,453,000		$ 5,530,000
Equity Method Investment, Ownership Percentage		50%		50%
Debt Instrument, Term	3 years
Advances to Affiliate	$ 11,300,000
Investment Company, Financial Commitment to Investee, Future Amount	$ 16,000,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
Related Party Transactions (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Related party allocation	$ 893,000	$ 1,025,000

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Fixed rate mortgage loans, 3.03% interest only, matures 4/1/2033	$ 180,070	$ 180,070
Unamortized debt issuance costs	(1,513)	(1,661)
Credit agreement	0	0
Long term debt	$ 178,557	$ 178,409
Mortgages [Member]
Debt Instrument [Line Items]
Interest rate	3.03%

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
Debt (Details Narrative) - USD ($)	Mar. 31, 2021	Mar. 31, 2021	Dec. 31, 2017	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2019	Mar. 19, 2021	Feb. 06, 2019	Nov. 17, 2017
Line of Credit Facility [Line Items]
2023					$ 0
2024					0
2025					0
2026					0
2027 and subsequent years					180,070,000
Outstanding letters of credit				$ 562,000
Principal sum				178,557,000	178,409,000
Debt cost amortization				148,000
Capitalized interest costs				$ 2,601,000	$ 3,783,000
Dock 79 Eagle Bank [Member]
Line of Credit Facility [Line Items]
Loan terms			120 months
Principal sum									$ 90,000,000
Fixed interest rate									4.125%
Prepayment penalty		$ 900,000
Dock 79 Loan [Member]
Line of Credit Facility [Line Items]
Principal sum							$ 92,070,000
Debt description	Either loan may be prepaid subsequent to April 1, 2024, subject to yield maintenance premiums. Either loan may be transferred to a qualified buyer as part of a one-time sale subject to a 60% loan to value, minimum of 7.5% debt yield and a 0.75% transfer fee
Maren [Member]
Line of Credit Facility [Line Items]
Principal sum							$ 88,000,000
Fixed interest rate							3.03%
Wells Fargo Level I [Member]
Line of Credit Facility [Line Items]
Interest rate spread				1.50%
Commitment fee				0.25%
Wells Fargo Level I I [Member]
Line of Credit Facility [Line Items]
Interest rate spread				1.25%
Commitment fee				0.20%
Wells Fargo Level I I I [Member]
Line of Credit Facility [Line Items]
Interest rate spread				1%
Commitment fee				0.15%
Wells Fargo [Member]
Line of Credit Facility [Line Items]
Loan terms						5 years
Maximum facility amount								$ 20,000,000
Outstanding revolver				$ 0
Outstanding letters of credit				562,000
Available for borrowing				$ 19,438,000
Letter of credit fee				1%
Applicable interest rate				5.36871%
Dividend limit				$ 249,000,000
Covenant compliance				all

Carrying value of property owne

Carrying value of property owned by the Company which is leased or held for lease (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
Construction aggregates property	$ 46,816
Commercial property	92,721
Residential/mixed-use property	294,413
Carrying Value of property owned by the Company leased or held for lease, gross	433,950
Less accumulated depreciation and depletion	56,786
Carrying Value of property owned by the Company leased or held for lease, net	$ 377,164

Leases (Details Narrative)

Leases (Details Narrative)	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 17,060,000
2024	6,903,000
2025	6,457,000
2026	5,377,000
2027	3,941,000
2028 and subsequent years	$ 21,693,000

Basic and diluted earnings per

Basic and diluted earnings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings per common share:
Weighted average common shares outstanding during the period – shares used for basic earnings per common share	9,386	9,355	9,580
Common shares issuable under share based payments plans which are potentially dilutive	49	42	29
Common shares used for diluted earnings per common share	9,435	9,397	9,609
Net income attributable to the Company	$ 4,565	$ 28,215	$ 12,715
-basic	$ 0.49	$ 3.02	$ 1.33
-diluted	$ 0.48	$ 3	$ 1.32

Earnings per Share (Details Nar

Earnings per Share (Details Narrative) - $ / shares	12 Months Ended
Earnings per Share (Details Narrative) - $ / shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings per common share:
Anti-dilutive shares	0	6,680
Shares repurchased		6,004	510,145
Average cost of shares repurchased		$ 43.95	$ 41.78

Stock compensation expense (Det

Stock compensation expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock compensation	$ 1,569	$ 1,111	$ 1,372
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock compensation	69	69	92
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock compensation	800	492	250
Employee Grant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock compensation	50	50	530
Director Stock Award [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock compensation	$ 650	$ 500	$ 500

Summary of changes in outstandi

Summary of changes in outstanding options (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding options, shares	88,295
Outstanding options, weighted average exercise price	$ 40.33
Outstanding remaining term	4 years 4 months 24 days
Options exercisable, shares	84,305
Exercisable, weighted average exercise price	$ 40.07
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding options, shares	88,295	104,755	120,089	132,504
Outstanding options, weighted average exercise price	$ 40.33	$ 37.93	$ 35.33	$ 33.82
Outstanding remaining term	4 years 4 months 24 days	4 years 9 months 17 days	5 years 3 months 18 days	5 years 9 months 17 days
Options outstanding, weighted average fair value	$ 1,271	$ 1,416	$ 1,531	$ 1,631
Shares exercised	(16,460)	(15,334)	(12,415)
Exercises, weighted average exercise price	$ 25.07	$ 17.54	$ 19.23
Exercised, weighted average fair value	$ (145)	$ (115)	$ (100)
Options exercisable, shares	84,305
Exercisable, weighted average exercise price	$ 40.07
Exercisable remaining term	4 years 3 months 18 days
Exercisable, weighted average fair value	$ 1,205
Options vested, shares	4,179
Vested, weighted average fair value	$ 69

Stock options outstanding (Deta

Stock options outstanding (Details)	12 Months Ended
Stock options outstanding (Details)	Dec. 31, 2022 $ / shares shares
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Remaining life	4 years 3 months 18 days
Shares exercisable \| shares	84,305
Weighted average exercise price \| $ / shares	$ 40.07
Shares exercisable \| shares	88,295
Weighted average exercise price \| $ / shares	$ 40.33
Remaining life	4 years 4 months 24 days
Forty Three Point Sixteen To Forty Five Point Ninety Seven [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares exercisable, nonvested \| shares	3,990
Weighted average exercise price \| $ / shares	$ 45.97
Remaining life, nonvested	5 years 10 months 23 days
Shares exercisable \| shares	49,555
Weighted average exercise price \| $ / shares	$ 45.25
Remaining life	5 years 4 months 24 days
Twenty Nine Point Ninety Six To Thirty Five Point Ninety Five [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares exercisable \| shares	22,750
Weighted average exercise price \| $ / shares	$ 29.62
Remaining life	1 year 10 months 24 days
Thirty Five Point Ninety Six To Forty Three Point Fifteen [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares exercisable \| shares	12,000
Weighted average exercise price \| $ / shares	$ 38.45
Remaining life	4 years

Summary of changes in restricte

Summary of changes in restricted stock awards (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted stock				50,496	46,074	20,520	0
Restricted stock				$ 50.42	$ 45.88	$ 46.30	$ 0
Restricted stock				$ 2,546	$ 2,114	$ 950	$ 0
Restricted stock				3 years	3 years 1 month 5 days	3 years 4 months 25 days
Restricted stock, vested				(15,679)	(2,224)
Restricted stock				$ 47.56	$ 45.55
Restricted stock				$ (746)	$ (101)
Restricted stock				(1,363)
Restricted stock				$ 46.30
Restricted stock				$ (63)
Performance Based Awards Granted [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted stock	14,016	18,882	20,520	14,016	18,882	20,520
Restricted stock				$ 57.80	$ 45.55	$ 46.30
Restricted stock				$ 810	$ 860	$ 950
Time Based Awards Granted [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted stock	7,448	8,896		7,448	8,896
Restricted stock				$ 57.80	$ 45.55
Restricted stock				$ 431	$ 405

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans (Details Narrative)	3 Months Ended			12 Months Ended
Stock-Based Compensation Plans (Details Narrative)	Mar. 31, 2022 shares	Mar. 31, 2021 shares	Mar. 31, 2020 shares	Dec. 31, 2022 USD ($) Integer shares	Dec. 31, 2021 shares	Dec. 31, 2020 shares	Dec. 30, 2022 $ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of plans \| Integer				2
Expiration period				10 years
Vesting rights				exercisable immediately or become exercisable in cumulative installments of 20% or 25%
Dividend yield				0%
Minimum volatility				29%
Maximum volatility				41%
Risk-free interest rate minimum				1.90%
Risk-free interest rate maximum				2.90%
Expected life minimum				3 years
Expected life maximum				7 years
Shares available \| shares				367,641
Intrinsic value				$ 1,163,000
Intrinsic value				1,194,000
Closing price \| $ / shares							$ 53.86
Gains				$ 571,000
Time Based Awards Granted [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted \| shares	7,448	8,896		7,448	8,896
Vesting period	4 years	4 years
Performance Based Awards Granted [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted \| shares	14,016	18,882	20,520	14,016	18,882	20,520
Vesting period	5 years	5 years	5 years
Employee Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock grants \| shares	865	1,098	11,448
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation cost				$ 60,000
Recognition period				10 months 24 days
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation cost				$ 2,142,000
Recognition period				3 years 1 month 5 days

Provision for income tax expens

Provision for income tax expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Continuing operations	$ 1,530	$ 10,281	$ 3,207
Comprehensive income	(515)	(209)	(92)
Total tax expense	$ 1,015	$ 10,072	$ 3,115

Provision for income taxes (Det

Provision for income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal	$ (214)	$ 305	$ (2,667)
State	(571)	1,826	(213)
Current income tax expense	(785)	2,131	(2,880)
Deferred	1,800	7,941	5,995
Total	$ 1,015	$ 10,072	$ 3,115

Income tax reconciliation (Deta

Income tax reconciliation (Details) - USD ($)	3 Months Ended	12 Months Ended
Income tax reconciliation (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal rate		$ 924,000	$ 7,941,000	$ 3,226,000
State income taxes (net of Federal income tax benefit)		(30,000)	2,634,000	1,048,000
Carryback of net operating loss	$ (1,100,000)	0	0	(1,100,000)
Other, net		121,000	(503,000)	(59,000)
Provision for income taxes		$ 1,015,000	$ 10,072,000	$ 3,115,000

Temporary tax differences (Deta

Temporary tax differences (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Property and equipment	$ 41,866	$ 38,143	$ 25,468
Investment in opportunity zone	34,871	30,846	30,846
Depletion	697	704	708
Unrealized rents	150	58	27
Prepaid expenses	31	36	50
Gross deferred tax liabilities	77,615	69,787	57,099
Federal tax loss carryforwards	6,375	3,235	0
State tax loss carryforwards	2,359	1,388	0
Employee benefits and other	921	1,117	993
Gross deferred tax assets	9,655	5,740	993
Net deferred tax liability	$ 67,960	$ 64,047	$ 56,106

NOL Carryovers (Details)

NOL Carryovers (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
State NOL Carryovers	$ 38,169,229	$ 23,111,156
Federal NOL Carryovers	$ 30,357,222	$ 15,406,397

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
Income Taxes (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Carryback of 2020 tax net operating loss	$ 1,100,000	$ 0	$ 0	$ 1,100,000
Federal tax rate					35%
Deferred taxes		31,000,000
Gains on sales reinvested		$ 112,000,000
Deferred tax terms		These taxes are deferred until the earlier of the sale of the related investments or December 31, 2026 and 10% of gains are excluded from tax once the investments are held five years plus an additional 5% is excluded at seven years
Unrecognized Tax Benefits		$ 0

Employee Benefits (Details Narr

Employee Benefits (Details Narrative) - USD ($)	12 Months Ended
Employee Benefits (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Company 401k contribution	50%
Company's contribution cost	$ 54,000	$ 49,000
Deferred compensation plan expense	10,000	8,000
MSP accrued benefit liability	$ 1,354,000	$ 1,302,000

Company_s business segments (De

Company’s business segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 37,481	$ 31,220	$ 23,583
Operating profit before corporate expenses	11,658	5,345	8,645
Corporate expenses	(3,662)	(3,071)	(3,511)
Operating profit	7,996	2,274	5,134
Interest expense	3,045	2,304	1,100
Depreciation, depletion and amortization	11,462	12,946	6,050
Capital expenditures	27,615	16,530	17,544
Asset Management [Member]
Segment Reporting Information [Line Items]
Revenues	3,681	2,575	2,747
Operating profit before corporate expenses	1,592	612	907
Corporate expenses	(632)	(843)	(909)
Depreciation, depletion and amortization	907	578	652
Capital expenditures	1,284	852	924
Mining Properties [Member]
Segment Reporting Information [Line Items]
Revenues	10,683	9,465	9,477
Operating profit before corporate expenses	9,305	8,558	8,629
Corporate expenses	(414)	(318)	(288)
Depreciation, depletion and amortization	586	199	218
Capital expenditures	11,218	522	0
Development [Member]
Segment Reporting Information [Line Items]
Revenues	1,674	1,563	1,152
Operating profit before corporate expenses	(2,791)	(2,548)	(2,576)
Corporate expenses	(2,284)	(1,557)	(2,108)
Depreciation, depletion and amortization	189	208	214
Capital expenditures	14,521	14,242	16,547
Stabilized Joint Venture [Member]
Segment Reporting Information [Line Items]
Revenues	21,443	17,617	10,207
Operating profit before corporate expenses	3,552	(1,277)	1,685
Corporate expenses	(332)	(353)	(206)
Depreciation, depletion and amortization	9,535	11,752	4,744
Capital expenditures	592	914	73
Total Segments [Member]
Segment Reporting Information [Line Items]
Depreciation, depletion and amortization	$ 11,217	$ 12,737	$ 5,828

Identifiable net assets (Detail

Identifiable net assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets	$ 701,084	$ 678,190	$ 536,360
Investments available for sale	0	4,317	75,609
Cash	178,294	162,273	74,105
Asset Management [Member]
Segment Reporting Information [Line Items]
Assets	26,053	23,897	11,172
Mining Properties [Member]
Segment Reporting Information [Line Items]
Assets	48,494	37,627	37,387
Development [Member]
Segment Reporting Information [Line Items]
Assets	188,834	176,386	196,212
Stabilized Joint Venture [Member]
Segment Reporting Information [Line Items]
Assets	257,535	266,429	130,472
Unallocated Corporate Assets [Member]
Segment Reporting Information [Line Items]
Assets	$ 1,874	$ 7,261	$ 11,403

Business Segments (Details Narr

Business Segments (Details Narrative)	12 Months Ended
Business Segments (Details Narrative)	Dec. 31, 2022 a Integer
Segment Reporting Information [Line Items]
Reportable segments	4
Warehouses	7
Ground leases	2
Brooksville land under lease \| a	16,650
Brooksville Joint Venture [Member]
Segment Reporting Information [Line Items]
Brooksville land under lease \| a	4,280

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
US Treasury notes value	$ 161,585,000
Unrealized loss on investments	1,903,000
Carrying amount of mortgage notes payable	180,070,000	$ 180,070,000
FV of mortgage notes payable	$ 142,785,000	$ 174,111,000

Contingent Liabilities (Details

Contingent Liabilities (Details Narrative)	12 Months Ended
Contingent Liabilities (Details Narrative)	Dec. 31, 2022 USD ($)
Guarantor Obligations [Line Items]
Outstanding letters of credit	$ 562,000
Guarantee Obligations [Member]
Guarantor Obligations [Line Items]
Guarantee obligation	$ 26,000,000
Interest rate reduction	1%
Value of guarantee	$ 1,900,000
Term in months	48

Commitments (Details Narrative)

Commitments (Details Narrative)	Dec. 31, 2022 USD ($)
Commitments to develop and maintain real estate	$ 2,133,000
Lending Ventures [Member]
Unused Commitments to Extend Credit	30,800,000
Financing commitments	$ 8,300,000

Concentrations (Details Narrati

Concentrations (Details Narrative)	12 Months Ended
Concentrations (Details Narrative)	Dec. 31, 2022 USD ($) Integer	Dec. 31, 2021 USD ($)
Concentration Risk [Line Items]
Number of mining tenants \| Integer	5
Accounts receivable	$ 1,166,000	$ 793,000
Mining Top Customer [Member]
Concentration Risk [Line Items]
Top lessee rent percent of revenue	23%
Accounts receivable	$ 453,000

Unusual or Infrequent Items I_2

Unusual or Infrequent Items Impacting Quarterly Results (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2016
Other Ownership Interests [Line Items]
Remeasurement gain	$ 51,139,000		$ 0	$ 51,139,000	$ 0
Carryback of tax net operating loss		$ 1,100,000	$ 0	$ 0	$ 1,100,000
Federal tax rate						35%
M R P [Member]
Other Ownership Interests [Line Items]
Remeasurement gain	$ 13,965,000

Acquired lease intangibles (Det

Acquired lease intangibles (Details) - Leases, Acquired-in-Place [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
In-place leases	$ 9,660	$ 9,660
Accumulated amortization	(9,357)	(8,798)
Acquired intangible assets, net	$ 303	$ 862

Estimated aggregate amortizatio

Estimated aggregate amortization from acquired lease intangibles (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 29
2024	29
2025	29
2026	29
2027	$ 29

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	12 Months Ended
Intangible Assets (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Leases, Acquired-in-Place [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 559,000	$ 3,946,000

Contributions from partner (Det

Contributions from partner (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
Contributions from partner (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 04, 2022
Other Ownership Interests [Line Items]
Proceeds from (Payments to) Noncontrolling Interests		$ 11,472,000	$ 2,602,000	$ 765,000
[custom:ReallocationOfNoncontrollingInterestNetOfTransactionCosts]		0
[custom:IncomeTaxEffectsReallocationOfNoncontrollingInterest]		$ 2,100,000
Steuart Investment Company [Member]
Other Ownership Interests [Line Items]
[custom:MinorityInterestPercent-0]	20%	20%			20%
[custom:MinorityInterestTICPurchasePrice-0]					$ 65,300,000
[custom:LongTermDebtAssumedByNoncontrollingInterest-0]					36,000,000
[custom:TransactionCostsForSaleOfTenancyInCommon-0]					1,400,000
[custom:NetContributionTIC-0]					$ 27,900,000
Proceeds from (Payments to) Noncontrolling Interests	$ 9,300,000
[custom:CompanyShareTICNetContribution]	18,600,000
[custom:ReallocationOfNoncontrollingInterestNetOfTransactionCosts]	7,700,000
[custom:IncomeTaxEffectsReallocationOfNoncontrollingInterest]	$ 2,100,000