JACKSONVILLE, Fla., Sept. 25, 2017 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ:FRPH) announced today that the Company, through its Executive Chairman and CEO, John D. Baker II, will present at the Sidoti & Company LLC Fall 2017 Conference in New York City, New York on Thursday, September 28, 2017 at 3:40 p.m. EDT. In its presentation, the Company will review its business segments and financial performance. The Company’s presentation will be publicly broadcast live via Issuer Direct Corporation. Interested parties may listen to the presentation with appropriate audio hardware and software by either selecting the following link http://www.investorcalendar.com/event/20291 or accessing the Company’s website at http://www.frpholdings.com/investor-relations.html then select Sidoti Conference. Issuer Direct Corporation will record the presentation and provide website access to it in audio form for ninety (90) days following the presentation.
Investors are cautioned that any statements in this press release which relate to the future are, by their nature, subject to risks and uncertainties that could cause actual results and events to differ materially from those indicated in such forward-looking statements. These include, but are not limited to, levels of construction activity in the markets served by our mining properties, demand for flexible warehouse/office facilities in the Baltimore-Washington-Northern Virginia area, our ability to obtain zoning and entitlements necessary for property development, the impact of lending and capital market conditions on our liquidity, our ability to finance projects or repay our debt, general real estate investment and development risks, vacancies in our properties, risks associated with developing and managing properties in partnership with others, competition, our ability to renew leases or re-lease spaces as leases expire, illiquidity of real estate investments, bankruptcy or defaults of tenants, the impact of restrictions imposed by our credit facility, the level and volatility of interest rates, environmental liabilities, inflation risks, cybersecurity risks, as well as other risks listed from time to time in our SEC filings, including but not limited to, our annual and quarterly reports. In addition, if we elect REIT status these risk factors also would include our ability to qualify or to remain qualified as a REIT, our ability to satisfy REIT distribution requirements, the impact of issuing equity, debt or both, and selling assets to satisfy our future distributions required as a REIT or to fund capital expenditures, future growth and expansion initiatives, the impact of the amount and timing of any future distributions, the impact from complying with REIT qualification requirements limiting our flexibility or causing us to forego otherwise attractive opportunities, our lack of experience operating as a REIT, legislative, administrative, regulatory or other actions affecting REITs, including positions taken by the Internal Revenue Service, the possibility that our Board of Directors will unilaterally revoke our REIT election, the possibility that the anticipated benefits of qualifying as a REIT will not be realized, or will not be realized within the expected time period. We have no obligation to revise or update any forward-looking statements, other than as imposed by law, as a result of future events or new information. Readers are cautioned not to place undue reliance on such forward-looking statements.
FRP Holdings, Inc. is a holding company engaged in the real estate business, namely (i) warehouse/office building ownership, leasing and management, (ii) mining royalty land ownership and leasing and (iii) land acquisition, entitlement and development primarily for future warehouse/office or residential building construction.
John D. Milton, Jr.
Chief Financial Officer