{"url_path":"/sec/frph/10-q/2026/item-3","section_key":"item-3","section_title":"Item 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/844059/0000844059-26-000069-index.html","accession_number":"0000844059-26-000069","cik":"0000844059","ticker":"FRPH","issuer_name":"FRP HOLDINGS, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/844059/0000844059-26-000069-index.html","primary_entity_key":"0000844059","primary_entity_name":"FRP HOLDINGS, INC."},"word_count":153,"has_tables":true,"body_markdown":"ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS\n\nInterest Rate Risk - We are exposed to the impact of interest rate changes through our variable-rate borrowings under our Credit Agreement with Wells Fargo, our variable rate construction/stabilization loans, and earnings on our cash equivalents and variable rate lending ventures.\n\nApplicable margin for borrowings at March 31, 2026 under the Wells Fargo Credit Agreement was Daily simple SOFR plus 2.25%. and under our variable rate construction/stabilization loans was Daily SOFR plus 2.75%. The Company had $25.3 million of variable rate debt outstanding at March 31, 2026, so a 100 basis point\n\n41\n\ndecrease in SOFR would increase cash flows before income taxes by $0.3 million annually. The Company had $111.7 million of cash equivalents and variable rate lending venture advances at March 31, 2026, so a 100 basis point increase in SOFR would reduced cash flows before income taxes by $1.1 million annually."}