John Baker
CEO & Director

Good morning. My name is John Baker, Executive Chairman of FRP Holdings, Inc., and it's my pleasure to welcome all of you all who have joined our annual meeting virtually today. I will be acting as Chairman of the meeting, and I now call the meeting to order.

Before proceeding to the business of the meeting, I'd like to introduce the following company directors and officers joining us today. The directors present are John D. Baker III, David deVillier, Jr.; Matt McAfee, Martin Stein, Jr.; John Surface, Nicole Thomas, William Walton and Margaret Wetherbee.

Key officers present are John D. Baker III, Chief Executive Officer; David deVillier III, President and Chief Operating Officer; John D. Milton, Executive Vice President, Secretary and General Counsel; Matt McNulty, Chief Financial Officer and Treasurer; and John Klopfenstein, Chief Accounting Officer; and Mark Levy, our Chief Investment Officer.

Also present with us are Allen Akins and Matt Smith with our independent auditor, Baker Tilly US LLP.

John Milton will be acting as Secretary of the meeting today. Mr. Milton will now report on the mailing of the notice of this meeting and the presence of a quorum.

John Milton
Executive VP, Secretary & General Counsel

Thank you, John. This meeting is held pursuant to a printed notice that was mailed on or about March 31, 2026, to each shareholder of record as of the record date, which was March 17, 2026. A count of shares present immediately prior to the commencement of this meeting indicates that 13,067,824 shares of the company's common stock were present or represented by proxy. This is 68.17% of the outstanding shares of common stock outstanding