FRP (FRPH) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 11, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
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 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 Common Stock, Shares Outstanding		9,411,028

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Real estate investments at cost:
Land	$ 121,057	$ 91,744
Buildings and improvements	255,646	141,241
Projects under construction	11,378	4,879
Total investments in properties	388,081	237,864
Less accumulated depreciation and depletion	41,971	34,724
Net investments in properties	346,110	203,140
Real estate held for investment, at cost	9,429	9,151
Investments in joint ventures	144,938	167,071
Net real estate investments	500,477	379,362
Cash and cash equivalents	138,154	73,909
Cash held in escrow	684	196
Accounts receivable, net	1,076	923
Investments available for sale at fair value	32,129	75,609
Federal and state income taxes receivable	3,681	4,621
Unrealized rents	445	531
Deferred costs	4,092	707
Other assets	514	502
Total assets	681,252	536,360
Liabilities:
Secured notes payable	178,334	89,964
Accounts payable and accrued liabilities	4,976	3,635
Other liabilities	1,886	1,886
Deferred revenue	461	542
Deferred income taxes	65,379	56,106
Deferred compensation	1,245	1,242
Tenant security deposits	686	332
Total liabilities	252,967	153,707
Equity:
Common stock, $.10 par value 25,000,000 shares authorized, 9,411,028 and 9,363,717 shares issued and outstanding, respectively	941	936
Capital in excess of par value	57,360	56,279
Retained earnings	337,992	309,764
Accumulated other comprehensive income, net	268	675
Total shareholders’ equity	396,561	367,654
Noncontrolling interest MRP	31,724	14,999
Total equity	428,285	382,653
Total liabilities and shareholders’ equity	$ 681,252	$ 536,360

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
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, shares issued	9,411,028	9,363,717
Common stock, shares outstanding	9,411,028	9,363,717

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Lease revenue	$ 5,861	$ 3,447	$ 9,399	$ 7,045
Mining lands lease revenue	2,634	2,402	4,949	4,587
Total Revenues	8,495	5,849	14,348	11,632
Cost of operations:
Depreciation, depletion and amortization	4,388	1,500	5,831	2,968
Operating expenses	1,394	781	2,235	1,706
Property taxes	1,000	646	1,778	1,383
Management company indirect	822	692	1,392	1,364
Corporate expenses	1,050	1,026	1,829	2,213
Total cost of operations	8,654	4,645	13,065	9,634
Total operating profit (loss)	(159)	1,204	1,283	1,998
Net investment income, including realized gains of $0, $134, $0 and $242, respectively	1,048	2,110	2,423	4,101
Interest expense	(446)	(45)	(1,371)	(96)
Equity in loss of joint ventures	(1,118)	(1,343)	(2,753)	(1,985)
Gain on remeasurement of investment in real estate partnership	0	0	51,139	0
Gain on sale of real estate	805	3,589	805	3,597
Income before income taxes	130	5,515	51,526	7,615
Provision for (benefit from) income taxes	(151)	1,538	10,370	2,139
Net income	281	3,977	41,156	5,476
Gain (loss) attributable to noncontrolling interest	199	(172)	12,701	(291)
Net income attributable to the Company	$ 82	$ 4,149	$ 28,455	$ 5,767
Earnings per common share:
Basic	$ 0.01	$ 0.43	$ 3.04	$ 0.59
Diluted	$ 0.01	$ 0.43	$ 3.03	$ 0.59
Number of shares (in thousands) used in computing:
-basic earnings per common share	9,353	9,620	9,347	9,712
-diluted earnings per common share	9,390	9,649	9,385	9,744

Consolidated Statements of In_2

Consolidated Statements of Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Realized gains	$ 0	$ 134	$ 0	$ 242

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net income	$ 281	$ 3,977	$ 41,156	$ 5,476
Other comprehensive income net of tax:
Unrealized gain (loss) on investments sale, net of     income tax effect of $(61), $518, $(151) and $101	(165)	1,397	(407)	271
Comprehensive income	116	5,374	40,749	5,747
Less comp. income attributable to Noncontrolling    interest	199	(172)	12,701	(291)
Comprehensive income attributable to the Company	$ (83)	$ 5,546	$ 28,048	$ 6,038

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Unrealized gain, income tax	$ (61)	$ 518	$ (151)	$ 101

Consolidate Statements of Cash

Consolidate Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income	$ 41,156	$ 5,476
Adjustments to reconcile net income to net cash provided by continuing operating activities:
Depreciation, depletion and amortization	5,951	3,084
Deferred income taxes	9,273	101
Equity in loss of joint ventures	2,753	1,985
Gain on remeasurement of invest in real estate partnership	(51,139)	0
Gain on sale of equipment and property	(835)	(3,611)
Stock-based compensation	854	1,171
Realized gain on available for sale investments	0	(242)
Net changes in operating assets and liabilities:
Accounts receivable	554	(777)
Deferred costs and other assets	280	28
Accounts payable and accrued liabilities	819	(439)
Income taxes payable and receivable	940	2,147
Other long-term liabilities	357	187
Net cash provided by operating activities	10,963	9,110
Cash flows from investing activities:
Investments in properties	(6,845)	(1,167)
Investments in joint ventures	(4,768)	(2,107)
Return of capital from investments in joint ventures	17,119	792
Purchases of investments available for sale	0	(24,748)
Proceeds from sales of investments available for sale	42,502	32,703
Cash at consolidation of real estate partnership	3,704	0
Proceeds from the sale of assets	878	5,867
Cash held in escrow	(152)	(3,553)
Net cash provided by investing activities	52,438	7,787
Cash flows from financing activities:
Proceeds from long-term debt	92,070	0
Repayment of long-term debt	(90,000)	0
Debt issue costs	(704)	0
Distribution to noncontrolling interest	(527)	(408)
Repurchase of company stock	(264)	(12,354)
Exercise of employee stock options	269	0
Net cash provided by (used in) financing activities	844	(12,762)
Net increase in cash and cash equivalents	64,245	4,135
Cash and cash equivalents at beginning of year	73,909	26,607
Cash and cash equivalents at end of the period	$ 138,154	$ 30,742

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 Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2019	9,817,429
Stock option grant compensation	$ 0	47	0	0	47	0	47
Restricted stock compensation	0	94	0	0	94	0	94
Shares granted to Directors	$ 1	499	0	0	500	0	500
Stock Issued During Period, Shares, Issued for Services	12,050
Net income	$ 0	0	5,767	0	5,767	(291)	5,476
Distributions to partners	0	0	0	0	0	(408)	(408)
Unrealized gain on investment, net	0	0	0	271	271	0	271
Shares granted to Employees	$ 1	529	0	0	530	0	530
Shares granted to employees	11,448
Restricted stock award	$ 2	(2)	0	0	0	0	0
Restricted stock award, shares	20,520
Shares purchased and cancelled	$ (30)	(1,765)	(10,559)	0	(12,354)	0	(12,354)
Shares purchased and calncelled, shares	(298,303)
Ending balance, value at Jun. 30, 2020	$ 956	57,107	310,486	1,194	369,743	16,058	385,801
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2020	9,563,144
Beginning balance, value at Dec. 31, 2019	$ 982	57,705	315,278	923	374,888	16,757	391,645
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2019	9,817,429
Ending balance, value at Dec. 31, 2020	$ 936	56,279	309,764	675	367,654	14,999	$ 382,653
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2020	9,363,717						9,363,717
Beginning balance, value at Mar. 31, 2020	$ 977	57,818	313,968	(203)	372,560	16,332	$ 388,892
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2020	9,766,906
Stock option grant compensation	$ 0	23	0	0	23	0	23
Restricted stock compensation	0	47	0	0	47	0	47
Shares granted to Directors	$ 1	499	0	0	500	0	500
Stock Issued During Period, Shares, Issued for Services	12,050
Net income	$ 0	0	4,149	0	4,149	(172)	3,977
Distributions to partners	0	0	0	0	0	(102)	(102)
Unrealized gain on investment, net	0	0	0	1,397	1,397	0	1,397
Shares purchased and cancelled	$ (22)	(1,280)	(7,631)	0	(8,933)	0	(8,933)
Shares purchased and calncelled, shares	(215,812)
Ending balance, value at Jun. 30, 2020	$ 956	57,107	310,486	1,194	369,743	16,058	385,801
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2020	9,563,144
Beginning balance, value at Dec. 31, 2020	$ 936	56,279	309,764	675	367,654	14,999	$ 382,653
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2020	9,363,717						9,363,717
Stock option grant compensation	$ 0	35	0	0	35	0	$ 35
Restricted stock compensation	0	269	0	0	269	0	269
Shares granted to Directors	$ 1	499	0	0	500	0	500
Stock Issued During Period, Shares, Issued for Services	9,105
Exercise of stock options	$ 1	268	0	0	269	0	269
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	15,334
Contributions from partners	$ 0	0	0	0	0	4,551	4,551
Net income	0	0	28,455	0	28,455	12,701	41,156
Distributions to partners	0	0	0	0	0	(527)	(527)
Unrealized gain on investment, net	0	0	0	(407)	(407)	0	(407)
Shares granted to Employees	$ 0	50	0	0	50	0	50
Shares granted to employees	1,098
Restricted stock award	$ 3	(3)	0	0	0	0	0
Restricted stock award, shares	27,778
Shares purchased and cancelled	$ 0	(37)	(227)	0	(264)	0	(264)
Shares purchased and calncelled, shares	(6,004)
Ending balance, value at Jun. 30, 2021	$ 941	57,360	337,992	268	396,561	31,724	$ 428,285
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2021	9,411,028						9,411,028
Beginning balance, value at Mar. 31, 2021	$ 939	56,474	337,910	433	395,756	31,879	$ 427,635
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2021	9,387,823
Stock option grant compensation	$ 0	18	0	0	18	0	18
Restricted stock compensation	0	134	0	0	134	0	134
Shares granted to Directors	$ 1	499	0	0	500	0	500
Stock Issued During Period, Shares, Issued for Services	9,105
Exercise of stock options	$ 1	235	0	0	236	0	236
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	14,100
Contributions from partners	$ 0	0	0	0	0	3	3
Net income	0	0	82	0	82	199	281
Distributions to partners	0	0	0	0	0	(357)	(357)
Unrealized gain on investment, net	0	0	0	(165)	(165)	0	(165)
Ending balance, value at Jun. 30, 2021	$ 941	$ 57,360	$ 337,992	$ 268	$ 396,561	$ 31,724	$ 428,285
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2021	9,411,028						9,411,028

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	(1) Description of Business and Basis of Presentation FRP Holdings, Inc. is a holding company engaged in various real estate businesses, namely (i) mining royalty land ownership and leasing, (ii) land acquisition, entitlement and development primarily for future warehouse/office or residential building construction, (iii) ownership, leasing, and management of residential apartment buildings, and (iv) warehouse/office building ownership, leasing and management. The accompanying consolidated financial statements include the accounts of FRP Holdings, Inc. (the “Company” or “FRP”) inclusive of our operating real estate subsidiaries, FRP Development Corp. (“Development”) and Florida Rock Properties, Inc. (”Properties”), Riverfront Investment Partners I, LLC, and commencing March 31, 2021 also Riverfront Investment Partners II, LLC (See Note 12). Our investment in the Brooksville joint venture, BC FRP Realty joint venture, Riverfront Investment Partners II, LLC prior to March 31, 2021, Bryant Street Partnerships, 1800 Half Street and Greenville/Woodfield are accounted for under the equity method of accounting (See Note 11). Our ownership of Riverfront Investment Partners I, LLC and Riverfront Investment Partners II, LLC includes a non-controlling interest representing the ownership of our partner. The Company uses the cost method to account for its investment in DST Hickory Creek because it does not have significant influence over operating and financial policies. These statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the instructions to Form 10-Q and do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (primarily consisting of normal recurring accruals) considered necessary for a fair statement of the results for the interim periods have been included. Operating results for the six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. The accompanying consolidated financial statements and the information included under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" should be read in conjunction with the Company's consolidated financial statements and related notes included in the Company’s Form 10-K for the year ended December 31, 2020.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2021
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	(2) Recently Issued Accounting Standards None.

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Business Segments	(3) Business Segments The Company is reporting its financial performance based on four The Asset Management segment owns, leases and manages commercial properties. The flex/office warehouses in the Asset Management Segment were sold and reclassified to discontinued operations leaving only two one nd Our Mining Royalty Lands segment owns several properties comprising approximately 15,000 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 two 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 31, 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 but will be 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 Three Months ended Six Months ended June 30, June 30, 2021 2020 2021 2020 Revenues: Revenues Asset management $ 588 716 1,300 1,368 Revenues Mining royalty lands 2,634 2,402 4,949 4,587 Revenues Development 451 279 768 572 Revenues Stabilized Joint Venture 4,822 2,452 7,331 5,105 Revenues 8,495 5,849 14,348 11,632 Operating profit (loss): Before corporate expenses: Operating profit before corporate expenses Asset management $ 128 323 359 500 Operating profit before corporate expenses Mining royalty lands 2,400 2,194 4,494 4,195 Operating profit before corporate expenses Development (411 ) (703 ) (797 ) (1,477 ) Operating profit before corporate expenses Stabilized Joint Venture (1,226 ) 416 (944 ) 993 Operating profit before corporate expenses Operating profit before corporate expenses 891 2,230 3,112 4,211 Corporate expenses: Corporate expenses Allocated to asset management (288 ) (265 ) (502 ) (573 ) Corporate expenses Allocated to mining royalty lands (108 ) (84 ) (189 ) (181 ) Corporate expenses Allocated to development (522 ) (617 ) (941 ) (1,329 ) Corporate expenses Allocated to stabilized joint venture (132 ) (60 ) (197 ) (130 ) Corporate expenses Total corporate expenses (1,050 ) (1,026 ) (1,829 ) (2,213 ) Operating profit $ (159 ) 1,204 1,283 1,998 Interest expense Interest expense $ 446 45 1,371 96 Depreciation, depletion and amortization: Depreciation, depletion and amortization Asset management $ 134 200 271 392 Depreciation, depletion and amortization Mining royalty lands 58 62 123 100 Depreciation, depletion and amortization Development 53 53 106 107 Depreciation, depletion and amortization Stabilized Joint Venture 4,143 1,185 5,331 2,369 Depreciation, depletion and amortization $ 4,388 1,500 5,831 2,968 Capital expenditures: Capital expenditures Asset management $ 139 341 218 554 Capital expenditures Mining royalty lands — — — — Capital expenditures Development 2,907 320 6,206 617 Capital expenditures Stabilized Joint Venture 412 19 421 (4 ) Capital expenditures $ 3,458 680 6,845 1,167 Identifiable net assets June 31, December 31, Identifiable net assets 2021 2020 Assets Asset management $ 10,939 11,172 Assets Mining royalty lands 37,338 37,387 Assets Development 180,264 196,212 Assets Stabilized Joint Venture 270,459 130,472 Investments available for sale Investments available for sale at fair value 32,129 75,609 Cash Cash items 138,838 74,105 Assets Unallocated corporate assets 11,285 11,403 Assets $ 681,252 536,360

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	(4) Related Party Transactions The Company is a party to a Transition Services Agreement which resulted from our January 30, 2015 spin-off of Patriot Transportation Holding, Inc. (Patriot). The Transition 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 shared executive officers. The boards of the respective companies amended and extended this agreement for one year effective April 1, 2021. The consolidated statements of income reflect charges and/or allocation from Patriot for these services of $ 256,000 290,000 512,000 580,000 To determine these allocations between FRP and Patriot as set forth in the Transition 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.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	(5) Long-Term Debt The Company’s Outstanding Debt June 30, December 31, 2021 2020 Fixed rate mortgage loans, 3.03% interest only, matures 4/1/2033 $ 178,334 89,964 Credit agreement — — Long-term debt $ 178,334 89,964 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 1.50 1.25 1.0 0.25 payable quarterly on the unused portion of the commitment but the amount may be reduced to 0.20 0.15 no 506,000 19,494,000 1 1.10025 228 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 $ 38,000 76,000 966,000 940,000 1,894,000 1,875,000 The Company was in compliance with all

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings per Share	(6) Earnings per Share The following details the computations of the Basic and Diluted Earnings Per Common Share Three Months ended Six Months ended June 30, June 30, 2021 2020 2021 2020 Weighted average common shares outstanding during the period – shares used for basic earnings per common share 9,353 9,620 9,347 9,712 Common shares issuable under share based payment plans which are potentially dilutive 37 29 38 32 Common shares used for diluted earnings per common share 9,390 9,649 9,385 9,744 Net income attributable to the Company $ 82 4,149 28,455 5,767 Earnings per common share: -basic $ 0.01 0.43 3.04 0.59 -diluted $ 0.01 0.43 3.03 0.59 For the three and six months ended June 30, 2021, 6,680 19,950 74,065 53,545 During the first six months of 2021 the Company repurchased 6,004 43.95 298,303 41.41

Stock-Based Compensation Plans

Stock-Based Compensation Plans	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation Plans	(7) Stock-Based Compensation Plans The Company has two ten years 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 1.0 2.9 3.0 7.0 The dividend yield of zero In January 2021, 8,896 four years 18,882 five years 20,520 five years 397,713 1,098 11,448 The Company recorded the following Stock compensation expense Three Months ended Six Months ended June 30, June 30, 2021 2020 2021 2020 Stock option grants $ 18 23 35 47 Restricted stock awards 134 47 269 94 Employee stock grant — — 50 530 Annual director stock award 500 500 500 500 Stock-based compensation $ 652 570 854 1,171 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 December 31, 2020 120,089 $ 35.33 5.3 $ 1,531 Exercised (15,334 ) $ 17.54 $ (115 ) Outstanding at June 30, 2021 104,755 $ 37.93 5.4 $ 1,416 Exercisable at June 30, 2021 92,407 $ 36.87 5.1 $ 1,212 Vested during six months ended June 30, 2021 — $ — The aggregate intrinsic value of exercisable in-the-money options was $ 1,738,000 1,859,000 55.68 The unrecognized compensation cost of options granted to FRP employees but not yet vested as of June 30, 2021 was $ 163,000 2.4 years Gains of $ 602,000 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 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 Non-vested at June 30, 2021 48,298 $ 45.87 3.6 $ 2,215 Total compensation cost of restricted stock granted but not yet vested as of June 30, 2021 was $ 1,696,000 3.8 years

Contingent Liabilities

Contingent Liabilities	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities	(8) 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 June 30, 2021 there was $ 506,000

Concentrations

Concentrations	6 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
Concentrations	(9) Concentrations The mining royalty lands segment has a total of five 26.3 403,000

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	(10) 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 June 30, 2021 the Company was invested in 12 118,000 32,011,000 32,129,000 At June 30, 2021 and 2020, the carrying amount reported in the consolidated balance sheets for cash and cash equivalents and revolving credit approximate their fair value based upon the short-term nature of these items. 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 June 30, 2021, the carrying amount and fair value of such other long-term debt was $ 178,334,000 175,625,000 88,993,000 95,606,000

Investments in Joint Ventures

Investments in Joint Ventures	6 Months Ended
	Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investments in Joint Ventures	(11) 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. 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 June 30, 2021 Brooksville Quarry, LLC 50.00 % $ 7,474 14,340 (44 ) (22 ) BC FRP Realty, LLC 50.00 % 5,402 22,746 (166 ) (88 ) Riverfront Holdings II, LLC (1) — — (760 ) (628 ) Bryant Street Partnerships (1) 61.36 % 59,571 196,646 (2,410 ) (2,207 ) Hyde Park 4 4 — — DST Hickory Creek 26.65 % 6,000 47,006 (209 ) 171 Amber Ridge Loan 11,859 11,859 — — 1800 Half St. Owner, LLC 61.37 % 38,220 66,454 19 25 Greenville/Woodfield Partnerships 40.00 % 16,409 67,661 (10 ) (4 ) Total $ 144,939 426,716 (3,580 ) (2,753 ) 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, 2020 Brooksville Quarry, LLC 50.00 % $ 7,499 14,347 (78 ) (39 ) BC FRP Realty, LLC 50.00 % 5,184 22,747 (411 ) (207 ) Riverfront Holdings II, LLC 80.00 % 23,533 108,538 (4,573 ) (3,907 ) Bryant Street Partnerships (1) 61.36 % 60,159 173,814 (836 ) (2,130 ) Hyde Park 591 591 — — DST Hickory Creek 26.65 % 6,000 47,761 (367 ) 339 Amber Ridge Loan 10,026 10,026 — — 1800 Half St. Owner, LLC 61.37 % 37,875 54,275 158 164 Greenville/Woodfield Partnerships 40.00 % 16,204 46,457 182 90 Total $ 167,071 478,556 (5,925 ) (5,690 ) (1) Riverfront Holdings II, LLC was consolidated on March 31, 2021. Bryant Street Partnerships includes $ 471,000 1,146,000 236,000 471,000 The major classes of assets, liabilities and equity of the Company’s Investments in Joint Ventures as of June 30, 2021 are summarized in the following two tables (in thousands): Investments in Apartment/Mixed Use as of June 30, 2021 As of June 30, 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 $ 0 195,806 44,579 56,555 67,337 $ 364,277 Cash and cash equivalents 0 579 1,121 7,089 324 9,113 Unrealized rents & receivables 0 233 935 0 0 1,168 Deferred costs 0 28 371 2,810 0 3,209 Total Assets $ 0 196,646 47,006 66,454 67,661 $ 377,767 Secured notes payable $ 0 103,546 29,314 0 24,748 $ 157,608 Other liabilities 0 16,441 179 9,827 3,005 29,452 Capital - FRP 0 57,759 4,667 37,485 15,963 115,874 Capital – Third Parties 0 18,900 12,846 19,142 23,945 74,833 Total Liabilities and Capital $ 0 196,646 47,006 66,454 67,661 $ 377,767 Investments in Joint Ventures as of June 30, 2021 As of June 30, 2021 Brooksville BC FRP Amber Ridge Apartment/ Grand Quarry, LLC Realty, LLC Hyde Park Loan Mixed Use Total Investments in real estate, net $ 14,284 21,754 4 11,859 364,277 $ 412,178 Cash and cash equivalents 55 310 0 0 9,113 9,478 Unrealized rents & receivables 0 444 0 0 1,168 1,612 Deferred costs 1 238 0 0 3,209 3,448 Total Assets $ 14,340 22,746 4 11,859 377,767 $ 426,716 Secured notes payable $ 0 11,764 0 0 157,608 $ 169,372 Other liabilities 68 126 0 0 29,452 29,646 Capital - FRP 7,474 5,428 4 11,859 115,874 140,639 Capital - Third Parties 6,798 5,428 0 0 74,833 87,059 Total Liabilities and Capital $ 14,340 22,746 4 11,859 377,767 $ 426,716 The Company’s capital recorded by the unconsolidated Joint Ventures is $ 4,300,000 The Company’s Investments in Joint Ventures as of December 31, 2020 are summarized in the following two tables (in thousands): Investments in Apartments/Mixed Use as of December 30, 2021 As of December 31, 2020 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 $ 105,737 173,560 45,379 37,452 42,668 $ 404,796 Cash and cash equivalents 2,626 111 1,202 14,011 3,554 21,504 Unrealized rents & receivables 13 58 775 2 0 848 Deferred costs 162 85 405 2,810 235 3,697 Total Assets $ 108,538 173,814 47,761 54,275 46,457 $ 430,845 Secured notes payable $ 64,982 72,471 29,291 0 1,776 $ 168,520 Other liabilities 4,189 22,952 107 1,953 4,774 33,975 Capital - FRP 34,667 58,559 4,894 37,466 15,963 151,549 Capital - Third Parties 4,700 19,832 13,469 14,856 23,944 76,801 Total Liabilities and Capital $ 108,538 173,814 47,761 54,275 46,457 $ 430,845 Investments in Joint Ventures as of December 31, 2020 As of December 31, 2020 Brooksville BC FRP Amber Ridge Apartment/ Grand Quarry, LLC Realty, LLC Hyde Park Loan Mixed Use Total Investments in real estate, net. $ 14,287 22,067 591 10,026 404,796 $ 451,767 Cash and cash equivalents 55 90 0 0 21,504 21,649 Unrealized rents & receivables 0 254 0 0 848 1,102 Deferred costs 5 336 0 0 3,697 4,038 Total Assets $ 14,347 22,747 591 10,026 430,845 $ 478,556 Secured notes payable $ 0 12,370 0 0 168,520 $ 180,890 Other liabilities 28 123 0 0 33,975 34,126 Capital - FRP 7,499 5,127 591 10,026 151,549 174,792 Capital - Third Parties 6,820 5,127 0 0 76,801 88,748 Total Liabilities and Capital $ 14,347 22,747 591 10,026 430,845 $ 478,556 The amount of consolidated retained earnings (accumulated deficit) for these joint ventures was $ (6,752,000) (8,278,000) The income statements of the Bryant Partnerships are as follows (in thousands): Bryant Partnerships income statements Bryant Street Bryant Street Partnerships Partnerships Total JV Company Share Six Months ended Six Months ended June 30, June 30, 2021 2021 Revenues: Rental Revenue $ 180 $ 111 Revenue – other 77 47 Total Revenues 257 158 Cost of operations: Depreciation and amortization 776 476 Operating expenses 1,117 686 Property taxes 119 73 Total cost of operations 2,012 1,235 Total operating profit (1,755 ) (1,077 ) Interest expense (655 ) (1,130 ) Net loss before tax (2,410 ) (2,207 )

Consolidation of Riverfront Inv

Consolidation of Riverfront Investment Partners II, LLC. Riverfront Holdings II, LLC	6 Months Ended
	Jun. 30, 2021
Consolidation Of Riverfront Investment Partners Ii Llc. Riverfront Holdings Ii Llc
Consolidation of Riverfront Investment Partners II, LLC. Riverfront Holdings II, LLC	(12) Consolidation of Riverfront Investment Partners II, LLC. Riverfront Holdings II, LLC . On May 4, 2018 the Company and MRP Realty formed a Joint Venture to develop the second phase only of the four phase master development known as Riverfront on the Anacostia in Washington, D.C. The purpose of the Joint Venture is to develop and own a 250,000 264 6,937 16,300,000 4.6 6.2 80 5.6 725,000 13.75 7.5 In March 2021, Phase II (The Maren) reached stabilization. Stabilization in this case means 90 Reaching stabilization results 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, beginning March 31, 2021, the Company consolidated the assets (at fair value), liabilities and operating results of the joint venture. This consolidation resulted in a gain on remeasurement of investment in real estate partnership of $ 51,139,000 13,965,000 70.41 Maren consolidation at stabilization As of March 31, 2021 Riverfront Gain on Remeasure- Holdings II, LLC Ment Revised Land $ 6,472 $ 22,858 $ 29,330 Building and improvements, net 87,269 23,531 110,800 Project under construction 258 — 258 Value of leases in place — 4,750 4,750 Cash 3,704 — 3,704 Cash held in escrow 336 — 336 Accounts receivable 707 — 707 Prepaid expenses 197 — 197 Total Assets $ 98,943 $ 51,139 $ 150,082 Long-term Debt $ 88,000 $ — $ 88,000 Amortizable debt costs (1,072 ) — (1,072 ) Other liabilities 441 — 441 Equity – FRP 7,026 37,174 44,200 Equity - MRP 4,548 13,965 18,513 Total Liabilities and Capital $ 98,943 $ 51,139 $ 150,082

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Operating results and certain other financial data for the Company’s business segments	Operating results and certain other financial data for the Company’s business segments Three Months ended Six Months ended June 30, June 30, 2021 2020 2021 2020 Revenues: Revenues Asset management $ 588 716 1,300 1,368 Revenues Mining royalty lands 2,634 2,402 4,949 4,587 Revenues Development 451 279 768 572 Revenues Stabilized Joint Venture 4,822 2,452 7,331 5,105 Revenues 8,495 5,849 14,348 11,632 Operating profit (loss): Before corporate expenses: Operating profit before corporate expenses Asset management $ 128 323 359 500 Operating profit before corporate expenses Mining royalty lands 2,400 2,194 4,494 4,195 Operating profit before corporate expenses Development (411 ) (703 ) (797 ) (1,477 ) Operating profit before corporate expenses Stabilized Joint Venture (1,226 ) 416 (944 ) 993 Operating profit before corporate expenses Operating profit before corporate expenses 891 2,230 3,112 4,211 Corporate expenses: Corporate expenses Allocated to asset management (288 ) (265 ) (502 ) (573 ) Corporate expenses Allocated to mining royalty lands (108 ) (84 ) (189 ) (181 ) Corporate expenses Allocated to development (522 ) (617 ) (941 ) (1,329 ) Corporate expenses Allocated to stabilized joint venture (132 ) (60 ) (197 ) (130 ) Corporate expenses Total corporate expenses (1,050 ) (1,026 ) (1,829 ) (2,213 ) Operating profit $ (159 ) 1,204 1,283 1,998 Interest expense Interest expense $ 446 45 1,371 96 Depreciation, depletion and amortization: Depreciation, depletion and amortization Asset management $ 134 200 271 392 Depreciation, depletion and amortization Mining royalty lands 58 62 123 100 Depreciation, depletion and amortization Development 53 53 106 107 Depreciation, depletion and amortization Stabilized Joint Venture 4,143 1,185 5,331 2,369 Depreciation, depletion and amortization $ 4,388 1,500 5,831 2,968 Capital expenditures: Capital expenditures Asset management $ 139 341 218 554 Capital expenditures Mining royalty lands — — — — Capital expenditures Development 2,907 320 6,206 617 Capital expenditures Stabilized Joint Venture 412 19 421 (4 ) Capital expenditures $ 3,458 680 6,845 1,167
Identifiable net assets	Identifiable net assets June 31, December 31, Identifiable net assets 2021 2020 Assets Asset management $ 10,939 11,172 Assets Mining royalty lands 37,338 37,387 Assets Development 180,264 196,212 Assets Stabilized Joint Venture 270,459 130,472 Investments available for sale Investments available for sale at fair value 32,129 75,609 Cash Cash items 138,838 74,105 Assets Unallocated corporate assets 11,285 11,403 Assets $ 681,252 536,360

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Outstanding Debt	The Company’s Outstanding Debt June 30, December 31, 2021 2020 Fixed rate mortgage loans, 3.03% interest only, matures 4/1/2033 $ 178,334 89,964 Credit agreement — — Long-term debt $ 178,334 89,964

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Common Share	The following details the computations of the Basic and Diluted Earnings Per Common Share Three Months ended Six Months ended June 30, June 30, 2021 2020 2021 2020 Weighted average common shares outstanding during the period – shares used for basic earnings per common share 9,353 9,620 9,347 9,712 Common shares issuable under share based payment plans which are potentially dilutive 37 29 38 32 Common shares used for diluted earnings per common share 9,390 9,649 9,385 9,744 Net income attributable to the Company $ 82 4,149 28,455 5,767 Earnings per common share: -basic $ 0.01 0.43 3.04 0.59 -diluted $ 0.01 0.43 3.03 0.59

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock compensation expense	The Company recorded the following Stock compensation expense Three Months ended Six Months ended June 30, June 30, 2021 2020 2021 2020 Stock option grants $ 18 23 35 47 Restricted stock awards 134 47 269 94 Employee stock grant — — 50 530 Annual director stock award 500 500 500 500 Stock-based compensation $ 652 570 854 1,171
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 December 31, 2020 120,089 $ 35.33 5.3 $ 1,531 Exercised (15,334 ) $ 17.54 $ (115 ) Outstanding at June 30, 2021 104,755 $ 37.93 5.4 $ 1,416 Exercisable at June 30, 2021 92,407 $ 36.87 5.1 $ 1,212 Vested during six months ended June 30, 2021 — $ —
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 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 Non-vested at June 30, 2021 48,298 $ 45.87 3.6 $ 2,215

Investments in Joint Ventures (

Investments in Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 Brooksville Quarry, LLC 50.00 % $ 7,474 14,340 (44 ) (22 ) BC FRP Realty, LLC 50.00 % 5,402 22,746 (166 ) (88 ) Riverfront Holdings II, LLC (1) — — (760 ) (628 ) Bryant Street Partnerships (1) 61.36 % 59,571 196,646 (2,410 ) (2,207 ) Hyde Park 4 4 — — DST Hickory Creek 26.65 % 6,000 47,006 (209 ) 171 Amber Ridge Loan 11,859 11,859 — — 1800 Half St. Owner, LLC 61.37 % 38,220 66,454 19 25 Greenville/Woodfield Partnerships 40.00 % 16,409 67,661 (10 ) (4 ) Total $ 144,939 426,716 (3,580 ) (2,753 ) 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, 2020 Brooksville Quarry, LLC 50.00 % $ 7,499 14,347 (78 ) (39 ) BC FRP Realty, LLC 50.00 % 5,184 22,747 (411 ) (207 ) Riverfront Holdings II, LLC 80.00 % 23,533 108,538 (4,573 ) (3,907 ) Bryant Street Partnerships (1) 61.36 % 60,159 173,814 (836 ) (2,130 ) Hyde Park 591 591 — — DST Hickory Creek 26.65 % 6,000 47,761 (367 ) 339 Amber Ridge Loan 10,026 10,026 — — 1800 Half St. Owner, LLC 61.37 % 37,875 54,275 158 164 Greenville/Woodfield Partnerships 40.00 % 16,204 46,457 182 90 Total $ 167,071 478,556 (5,925 ) (5,690 ) (1) Riverfront Holdings II, LLC was consolidated on March 31, 2021. Bryant Street Partnerships includes $ 471,000 1,146,000 236,000 471,000
Investments in Apartment/Mixed Use as of June 30, 2021	The major classes of assets, liabilities and equity of the Company’s Investments in Joint Ventures as of June 30, 2021 are summarized in the following two tables (in thousands): Investments in Apartment/Mixed Use as of June 30, 2021 As of June 30, 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 $ 0 195,806 44,579 56,555 67,337 $ 364,277 Cash and cash equivalents 0 579 1,121 7,089 324 9,113 Unrealized rents & receivables 0 233 935 0 0 1,168 Deferred costs 0 28 371 2,810 0 3,209 Total Assets $ 0 196,646 47,006 66,454 67,661 $ 377,767 Secured notes payable $ 0 103,546 29,314 0 24,748 $ 157,608 Other liabilities 0 16,441 179 9,827 3,005 29,452 Capital - FRP 0 57,759 4,667 37,485 15,963 115,874 Capital – Third Parties 0 18,900 12,846 19,142 23,945 74,833 Total Liabilities and Capital $ 0 196,646 47,006 66,454 67,661 $ 377,767
Investments in Joint Ventures as of June 30, 2021	Investments in Joint Ventures as of June 30, 2021 As of June 30, 2021 Brooksville BC FRP Amber Ridge Apartment/ Grand Quarry, LLC Realty, LLC Hyde Park Loan Mixed Use Total Investments in real estate, net $ 14,284 21,754 4 11,859 364,277 $ 412,178 Cash and cash equivalents 55 310 0 0 9,113 9,478 Unrealized rents & receivables 0 444 0 0 1,168 1,612 Deferred costs 1 238 0 0 3,209 3,448 Total Assets $ 14,340 22,746 4 11,859 377,767 $ 426,716 Secured notes payable $ 0 11,764 0 0 157,608 $ 169,372 Other liabilities 68 126 0 0 29,452 29,646 Capital - FRP 7,474 5,428 4 11,859 115,874 140,639 Capital - Third Parties 6,798 5,428 0 0 74,833 87,059 Total Liabilities and Capital $ 14,340 22,746 4 11,859 377,767 $ 426,716
Investments in Apartments/Mixed Use as of December 30, 2021	The Company’s Investments in Joint Ventures as of December 31, 2020 are summarized in the following two tables (in thousands): Investments in Apartments/Mixed Use as of December 30, 2021 As of December 31, 2020 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 $ 105,737 173,560 45,379 37,452 42,668 $ 404,796 Cash and cash equivalents 2,626 111 1,202 14,011 3,554 21,504 Unrealized rents & receivables 13 58 775 2 0 848 Deferred costs 162 85 405 2,810 235 3,697 Total Assets $ 108,538 173,814 47,761 54,275 46,457 $ 430,845 Secured notes payable $ 64,982 72,471 29,291 0 1,776 $ 168,520 Other liabilities 4,189 22,952 107 1,953 4,774 33,975 Capital - FRP 34,667 58,559 4,894 37,466 15,963 151,549 Capital - Third Parties 4,700 19,832 13,469 14,856 23,944 76,801 Total Liabilities and Capital $ 108,538 173,814 47,761 54,275 46,457 $ 430,845
Investments in Joint Ventures as of December 31, 2020	Investments in Joint Ventures as of December 31, 2020 As of December 31, 2020 Brooksville BC FRP Amber Ridge Apartment/ Grand Quarry, LLC Realty, LLC Hyde Park Loan Mixed Use Total Investments in real estate, net. $ 14,287 22,067 591 10,026 404,796 $ 451,767 Cash and cash equivalents 55 90 0 0 21,504 21,649 Unrealized rents & receivables 0 254 0 0 848 1,102 Deferred costs 5 336 0 0 3,697 4,038 Total Assets $ 14,347 22,747 591 10,026 430,845 $ 478,556 Secured notes payable $ 0 12,370 0 0 168,520 $ 180,890 Other liabilities 28 123 0 0 33,975 34,126 Capital - FRP 7,499 5,127 591 10,026 151,549 174,792 Capital - Third Parties 6,820 5,127 0 0 76,801 88,748 Total Liabilities and Capital $ 14,347 22,747 591 10,026 430,845 $ 478,556
Bryant Partnerships income statements	The income statements of the Bryant Partnerships are as follows (in thousands): Bryant Partnerships income statements Bryant Street Bryant Street Partnerships Partnerships Total JV Company Share Six Months ended Six Months ended June 30, June 30, 2021 2021 Revenues: Rental Revenue $ 180 $ 111 Revenue – other 77 47 Total Revenues 257 158 Cost of operations: Depreciation and amortization 776 476 Operating expenses 1,117 686 Property taxes 119 73 Total cost of operations 2,012 1,235 Total operating profit (1,755 ) (1,077 ) Interest expense (655 ) (1,130 ) Net loss before tax (2,410 ) (2,207 )

Consolidation of Riverfront I_2

Consolidation of Riverfront Investment Partners II, LLC. Riverfront Holdings II, LLC (Tables)	6 Months Ended
	Jun. 30, 2021
Consolidation Of Riverfront Investment Partners Ii Llc. Riverfront Holdings Ii Llc
Maren consolidation at stabilization	Maren consolidation at stabilization As of March 31, 2021 Riverfront Gain on Remeasure- Holdings II, LLC Ment Revised Land $ 6,472 $ 22,858 $ 29,330 Building and improvements, net 87,269 23,531 110,800 Project under construction 258 — 258 Value of leases in place — 4,750 4,750 Cash 3,704 — 3,704 Cash held in escrow 336 — 336 Accounts receivable 707 — 707 Prepaid expenses 197 — 197 Total Assets $ 98,943 $ 51,139 $ 150,082 Long-term Debt $ 88,000 $ — $ 88,000 Amortizable debt costs (1,072 ) — (1,072 ) Other liabilities 441 — 441 Equity – FRP 7,026 37,174 44,200 Equity - MRP 4,548 13,965 18,513 Total Liabilities and Capital $ 98,943 $ 51,139 $ 150,082

Operating results and certain o

Operating results and certain other financial data for the Company’s business segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenues	$ 8,495	$ 5,849	$ 14,348	$ 11,632
Operating profit before corporate expenses	891	2,230	3,112	4,211
Corporate expenses	(1,050)	(1,026)	(1,829)	(2,213)
Operating profit	(159)	1,204	1,283	1,998
Interest expense	446	45	1,371	96
Depreciation, depletion and amortization			5,951	3,084
Capital expenditures	3,458	680	6,845	1,167
Asset Management [Member]
Segment Reporting Information [Line Items]
Revenues	588	716	1,300	1,368
Operating profit before corporate expenses	128	323	359	500
Corporate expenses	(288)	(265)	(502)	(573)
Depreciation, depletion and amortization	134	200	271	392
Capital expenditures	139	341	218	554
Mining Properties [Member]
Segment Reporting Information [Line Items]
Revenues	2,634	2,402	4,949	4,587
Operating profit before corporate expenses	2,400	2,194	4,494	4,195
Corporate expenses	(108)	(84)	(189)	(181)
Depreciation, depletion and amortization	58	62	123	100
Capital expenditures	0	0	0	0
Development [Member]
Segment Reporting Information [Line Items]
Revenues	451	279	768	572
Operating profit before corporate expenses	(411)	(703)	(797)	(1,477)
Corporate expenses	(522)	(617)	(941)	(1,329)
Depreciation, depletion and amortization	53	53	106	107
Capital expenditures	2,907	320	6,206	617
Stabilized Joint Venture [Member]
Segment Reporting Information [Line Items]
Revenues	4,822	2,452	7,331	5,105
Operating profit before corporate expenses	(1,226)	416	(944)	993
Corporate expenses	(132)	(60)	(197)	(130)
Depreciation, depletion and amortization	4,143	1,185	5,331	2,369
Capital expenditures	412	19	421	(4)
Total Segments [Member]
Segment Reporting Information [Line Items]
Depreciation, depletion and amortization	$ 4,388	$ 1,500	$ 5,831	$ 2,968

Identifiable net assets (Detail

Identifiable net assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets	$ 681,252	$ 536,360
Investments available for sale	32,129	75,609
Cash	138,838	74,105
Asset Management [Member]
Segment Reporting Information [Line Items]
Assets	10,939	11,172
Mining Properties [Member]
Segment Reporting Information [Line Items]
Assets	37,338	37,387
Development [Member]
Segment Reporting Information [Line Items]
Assets	180,264	196,212
Stabilized Joint Venture [Member]
Segment Reporting Information [Line Items]
Assets	270,459	130,472
Unallocated Corporate Assets [Member]
Segment Reporting Information [Line Items]
Assets	$ 11,285	$ 11,403

Business Segments (Details Narr

Business Segments (Details Narrative)	3 Months Ended
	Jun. 30, 2021aSegmentsinteger
Segment Reporting Information [Line Items]
Number of reportable segments | Segments	4
Number of commercial properties | integer	2
Property acquired | integer	1
Mining Properties [Member]
Segment Reporting Information [Line Items]
Brooksville acres | a	15,000
Brooksville Joint Venture [Member]
Segment Reporting Information [Line Items]
Brooksville acres | a	4,280

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Related Party Transactions [Abstract]
Charges from Patriot for services	$ 256,000	$ 290,000	$ 512,000	$ 580,000

Outstanding Debt (Details)

Outstanding Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Fixed rate mortgage loans, 3.03% interest only, matures 4/1/2033	$ 178,334	$ 89,964
Credit agreement	0	0
Long-term debt	$ 178,334	$ 89,964

Long-Term Debt (Details Narrati

Long-Term Debt (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	Mar. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Dec. 31, 2017	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Mar. 19, 2021	Feb. 06, 2019	Nov. 17, 2017
Line of Credit Facility [Line Items]
Outstanding letters of credit		$ 506,000				$ 506,000
Principal sum		178,334,000				178,334,000		$ 89,964,000
Amortization of Debt Issuance Costs		38,000				76,000
Capitalized interest costs		966,000		$ 940,000		$ 1,894,000	$ 1,875,000
Dock 79 Eagle Bank [Member]
Line of Credit Facility [Line Items]
Term					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
Fixed interest rate									3.03%
Transfer terms	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%
Transfer terms	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
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						1.00%
Commitment fee						0.15%
Wells Fargo [Member]
Line of Credit Facility [Line Items]
Term								5 years
Maximum facility amount										$ 20,000,000
Revolver outstanding		0				$ 0
Outstanding letters of credit		506,000				506,000
Available for borrowing		$ 19,494,000				$ 19,494,000
Letter of credit fee						1.00%
Applicable interest rate		1.10025%				1.10025%
Dividend limit		$ 228,000,000				$ 228,000,000
Covenant compliance						all

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Weighted average common shares outstanding   during the period – shares used for basic   earnings per common share	9,353	9,620	9,347	9,712
Common shares issuable under share based payment plans which are potentially dilutive	37	29	38	32
Common shares used for diluted earnings per common share	9,390	9,649	9,385	9,744
Net income attributable to the Company	$ 82	$ 4,149	$ 28,455	$ 5,767
Earnings per common share:
-basic	$ 0.01	$ 0.43	$ 3.04	$ 0.59
-diluted	$ 0.01	$ 0.43	$ 3.03	$ 0.59

Earnings per Share (Details Nar

Earnings per Share (Details Narrative) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Anitidilutive shares excluded	6,680	74,065	19,950	53,545
Shares repurchased			6,004	298,303
Average cost of shares repurchased			$ 43.95	$ 41.41

Stock compensation expense (Det

Stock compensation expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 652	$ 570	$ 854	$ 1,171
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	18	23	35	47
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	134	47	269	94
Employee Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	0	0	50	530
Director Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 500	$ 500	$ 500	$ 500

Summary of changes in outstandi

Summary of changes in outstanding options (Details) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable	5 years 1 month 4 days
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding | shares	120,089
Oustanding | $ / shares	$ 35.33
Outstanding remaining term	5 years 4 months 24 days	5 years 3 months 18 days
Outstanding | $	$ 1,531
Exercised | shares	(15,334)
Exercises | $ / shares	$ 17.54
Exercised | $	$ (115)
Options outstanding | shares	104,755	120,089
Outstanding | $ / shares	$ 37.93	$ 35.33
Outstanding | $	$ 1,416	$ 1,531
Exercisable | shares	92,407
Exercisable | $ / shares	$ 36.87
Exercisable | $	$ 1,212
Vested | shares	0
Vested | $	$ 0

Summary of changes in restricte

Summary of changes in restricted stock awards (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2021	Dec. 31, 2020
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested			48,298	20,520
Non-vested			$ 45.87	$ 46.30
Non-vested			3 years 7 months 29 days	3 years 4 months 25 days
Non-vested			$ 2,215	$ 950
Time Based Awards Granted [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	8,896		8,896
Granted			$ 45.55
Granted			$ 405
Performance Based Awards Granted [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	18,882	20,520	18,882
Granted			$ 45.55
Granted			$ 860

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans (Details Narrative)	3 Months Ended		6 Months Ended
	Mar. 31, 2021shares	Mar. 31, 2020shares	Jun. 30, 2021USD ($)integer$ / sharesshares
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			0.00%
Minimum volatility			29.00%
Expected volatility maximum			41.00%
Risk-free Interest rate minimum			1.00%
Risk-free interest rate maximum			2.90%
Expected life			3 years
Expected life			7 years
Shares available | shares			397,713
Intrinsic value			$ 1,738,000
Intrinsic value			$ 1,859,000
Closing price | $ / shares			$ 55.68
Gains			$ 602,000
Time Based Awards Granted [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted | shares	8,896		8,896
Vesting period	4 years
Performance Based Awards Granted [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted | shares	18,882	20,520	18,882
Vesting period	5 years	5 years
Employee Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued | shares	1,098	11,448
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost			$ 163,000
Recognition period			2 years 4 months 25 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost			$ 1,696,000
Recognition period			3 years 9 months 18 days

Contingent Liabilities (Details

Contingent Liabilities (Details Narrative)	Jun. 30, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Letters of credit outstanding	$ 506,000

Concentrations (Details Narrati

Concentrations (Details Narrative) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)integer	Dec. 31, 2020USD ($)
Concentration Risk [Line Items]
Number of mining tenants | integer	5
Top customer accounts receivable	$ 1,076	$ 923
Mining Top Customer [Member]
Concentration Risk [Line Items]
Top lessee rent percent	26.30%
Top customer accounts receivable	$ 403

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative) $ in Thousands	Jun. 30, 2021USD ($)integer	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)
Fair Value Disclosures [Abstract]
Number of corporate bonds | integer	12
Unrealized gain	$ 118
Amortized cost of investments	32,011
Fair value of bonds	32,129
Carrying amount of bonds	32,129	$ 75,609
Carrying amount of long-term debt	178,334		$ 88,993
Fair value of long-term debt	$ 175,625		$ 95,606

Investments in Unconsolidated J

Investments in Unconsolidated Joint Ventures (Details) - USD ($)		3 Months Ended			6 Months Ended			12 Months Ended
		Jun. 30, 2021		Jun. 30, 2020	Jun. 30, 2021		Jun. 30, 2020	Dec. 31, 2020	Mar. 31, 2021	May 04, 2018
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage									70.41%
Total investments		$ 144,939,000			$ 144,939,000			$ 167,071,000
Total assets of the partnership		681,252,000			681,252,000			536,360,000
Partnership profit (loss)		281,000		$ 3,977,000	41,156,000		$ 5,476,000
Share of profit		(1,118,000)		$ (1,343,000)	(2,753,000)		$ (1,985,000)
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		$ 426,716,000			426,716,000			478,556,000
Partnership profit (loss)					(3,580,000)			(5,925,000)
Real Estate Partnership Net Income Loss [Member]
Schedule of Equity Method Investments [Line Items]
Share of profit					(2,753,000)			$ (5,690,000)
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Amortization of guarantee liability					$ 236,000
Brooksville Quarry L L C [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage		50.00%			50.00%			50.00%
Total investments		$ 7,474,000			$ 7,474,000			$ 7,499,000
Partnership profit (loss)					(44,000)			(78,000)
Share of profit					(22,000)			(39,000)
Brooksville Quarry L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		$ 14,340,000			$ 14,340,000			$ 14,347,000
B C F R P Realty L L C [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage		50.00%			50.00%			50.00%
Total investments		$ 5,402,000			$ 5,402,000			$ 5,184,000
Partnership profit (loss)					(166,000)			(411,000)
Share of profit					(88,000)			(207,000)
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		22,746,000			22,746,000			$ 22,747,000
Riverfront Holdings I I L L C [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage								80.00%		80.00%
Total investments		0	[1]		0	[1]		$ 23,533,000
Total assets of the partnership									$ 150,082,000
Partnership profit (loss)	[1]				(760,000)			(4,573,000)
Share of profit	[1]				(628,000)			(3,907,000)
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	[1]		$ 0	[1]		$ 108,538,000
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	[1]	61.36%			61.36%			61.36%
Total investments	[1]	$ 59,571,000			$ 59,571,000			$ 60,159,000
Partnership profit (loss)					(2,410,000)			(836,000)
Share of profit	[1]				(2,207,000)			(2,130,000)
Preferred interest					471,000			1,146,000
Amortization of guarantee liability								471,000
Bryant Street Partnerships [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership	[1]	196,646,000			196,646,000			173,814,000
Hyde Park [Member]
Schedule of Equity Method Investments [Line Items]
Total investments		4,000			4,000			591,000
Partnership profit (loss)					0			0
Share of profit					0			0
Hyde Park [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		$ 4,000			$ 4,000			$ 591,000
D S T Hickory Creek [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage		26.65%			26.65%			26.65%
Total investments		$ 6,000,000			$ 6,000,000			$ 6,000,000
Partnership profit (loss)					(209,000)			(367,000)
Share of profit					171,000			339,000
D S T Hickory Creek [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		47,006,000			47,006,000			47,761,000
Amber Ridge Loan [Member]
Schedule of Equity Method Investments [Line Items]
Total investments		11,859,000			11,859,000			10,026,000
Partnership profit (loss)					0			0
Share of profit					0			0
Amber Ridge Loan [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		$ 11,859,000			$ 11,859,000			$ 10,026,000
Half St Owner L L C [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage		61.37%			61.37%			61.37%
Total investments		$ 38,220,000			$ 38,220,000			$ 37,875,000
Partnership profit (loss)					19,000			158,000
Share of profit					25,000			164,000
Half St Owner L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		$ 66,454,000			$ 66,454,000			$ 54,275,000
Greenville Woodfield Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage		40.00%			40.00%			40.00%
Total investments		$ 16,409,000			$ 16,409,000			$ 16,204,000
Partnership profit (loss)					(10,000)			182,000
Share of profit					(4,000)			90,000
Greenville Woodfield Partnerships [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total assets of the partnership		$ 67,661,000			$ 67,661,000			$ 46,457,000
[1]	Riverfront Holdings II, LLC was consolidated on March 31, 2021. Bryant Street Partnerships includes $ 471,000 1,146,000 236,000 471,000

Investments in Apartment_Mixed

Investments in Apartment/Mixed Use as of June 30, 2021 (Details) - USD ($) $ in Thousands		Jun. 30, 2021		Mar. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		$ 412,178			$ 451,767
Cash and cash equivalents		9,478			21,649
Unrealized rents & receivables		1,612			1,102
Deferred costs		3,448			4,038
Total Assets		681,252			536,360
Secured notes payable		169,372			180,890
Other liabilities		29,646			34,126
Capital – Third Parties		396,561			367,654
Total Liabilities and Capital		681,252			536,360
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		426,716			478,556
Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		140,639			174,792
Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties		87,059			88,748
Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		426,716			478,556
Riverfront Holdings I I L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		0			105,737
Cash and cash equivalents		0			2,626
Unrealized rents & receivables		0			13
Deferred costs		0			162
Total Assets				$ 150,082
Secured notes payable		0			64,982
Other liabilities		0			4,189
Capital - FRP				18,513
Capital – Third Parties				44,200
Total Liabilities and Capital				$ 150,082
Riverfront Holdings I I L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		0	[1]		108,538
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			34,667
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			4,700
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			108,538
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		195,806			173,560
Cash and cash equivalents		579			111
Unrealized rents & receivables		233			58
Deferred costs		28			85
Secured notes payable		103,546			72,471
Other liabilities		16,441			22,952
Bryant Street Partnerships [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	[1]	196,646			173,814
Bryant Street Partnerships [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		57,759			58,559
Bryant Street Partnerships [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties		18,900			19,832
Bryant Street Partnerships [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		196,646			173,814
D S T Hickory Creek [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		44,579			45,379
Cash and cash equivalents		1,121			1,202
Unrealized rents & receivables		935			775
Deferred costs		371			405
Secured notes payable		29,314			29,291
Other liabilities		179			107
D S T Hickory Creek [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		47,006			47,761
D S T Hickory Creek [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		4,667			4,894
D S T Hickory Creek [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties		12,846			13,469
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		47,006			47,761
Half St Owner L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		56,555			37,452
Cash and cash equivalents		7,089			14,011
Unrealized rents & receivables		0			2
Deferred costs		2,810			2,810
Secured notes payable		0			0
Other liabilities		9,827			1,953
Half St Owner L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		66,454			54,275
Half St Owner L L C [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		37,485			37,466
Half St Owner L L C [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties		19,142			14,856
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		66,454			54,275
Greenville Woodfield Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		67,337			42,668
Cash and cash equivalents		324			3,554
Unrealized rents & receivables		0			0
Deferred costs		0			235
Secured notes payable		24,748			1,776
Other liabilities		3,005			4,774
Greenville Woodfield Partnerships [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		67,661			46,457
Greenville Woodfield Partnerships [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		15,963			15,963
Greenville Woodfield Partnerships [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties		23,945			23,944
Greenville Woodfield Partnerships [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		67,661			46,457
Apartment Mixed Use [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		364,277			404,796
Cash and cash equivalents		9,113			21,504
Unrealized rents & receivables		1,168			848
Deferred costs		3,209			3,697
Secured notes payable		157,608			168,520
Other liabilities		29,452			33,975
Apartment Mixed Use [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		377,767			430,845
Apartment Mixed Use [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		115,874			151,549
Apartment Mixed Use [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital – Third Parties		74,833			76,801
Apartment Mixed Use [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		$ 377,767			$ 430,845
[1]	Riverfront Holdings II, LLC was consolidated on March 31, 2021. Bryant Street Partnerships includes $ 471,000 1,146,000 236,000 471,000

Investments in Joint Ventures a

Investments in Joint Ventures as of June 30, 2021 (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	$ 412,178	$ 451,767
Cash and cash equivalents	9,478	21,649
Unrealized rents & receivables	1,612	1,102
Deferred costs	3,448	4,038
Total Assets	681,252	536,360
Secured notes payable	169,372	180,890
Other liabilities	29,646	34,126
Capital - Third Parties	396,561	367,654
Total Liabilities and Capital	681,252	536,360
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	426,716	478,556
Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	140,639	174,792
Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	87,059	88,748
Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	426,716	478,556
Brooksville Quarry L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	14,284	14,287
Cash and cash equivalents	55	55
Unrealized rents & receivables	0	0
Deferred costs	1	5
Secured notes payable	0	0
Other liabilities	68	28
Brooksville Quarry L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	14,340	14,347
Brooksville Quarry L L C [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	7,474	7,499
Brooksville Quarry L L C [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	6,798	6,820
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	14,340	14,347
B C F R P Realty L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	21,754	22,067
Cash and cash equivalents	310	90
Unrealized rents & receivables	444	254
Deferred costs	238	336
Secured notes payable	11,764	12,370
Other liabilities	126	123
B C F R P Realty L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	22,746	22,747
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	5,428	5,127
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	5,428	5,127
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	22,746	22,747
Hyde Park [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	4	591
Cash and cash equivalents	0	0
Unrealized rents & receivables	0	0
Deferred costs	0	0
Secured notes payable	0	0
Other liabilities	0	0
Hyde Park [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	4	591
Hyde Park [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	4	591
Hyde Park [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	0	0
Hyde Park [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	4	591
Amber Ridge Loan [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	11,859	10,026
Cash and cash equivalents	0	0
Unrealized rents & receivables	0	0
Deferred costs	0	0
Secured notes payable	0	0
Other liabilities	0	0
Amber Ridge Loan [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	11,859	10,026
Amber Ridge Loan [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	11,859	10,026
Amber Ridge Loan [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	0	0
Amber Ridge Loan [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	11,859	10,026
Apartment Mixed Use [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net	364,277	404,796
Cash and cash equivalents	9,113	21,504
Unrealized rents & receivables	1,168	848
Deferred costs	3,209	3,697
Secured notes payable	157,608	168,520
Other liabilities	29,452	33,975
Apartment Mixed Use [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	377,767	430,845
Apartment Mixed Use [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	115,874	151,549
Apartment Mixed Use [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	74,833	76,801
Apartment Mixed Use [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	$ 377,767	$ 430,845

Investments in Apartments_Mixed

Investments in Apartments/Mixed Use as of December 30, 2021 (Details) - USD ($) $ in Thousands		Jun. 30, 2021		Mar. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		$ 412,178			$ 451,767
Cash and cash equivalents		9,478			21,649
Unrealized rents & receivables		1,612			1,102
Deferred costs		3,448			4,038
Total Assets		681,252			536,360
Secured notes payable		169,372			180,890
Other liabilities		29,646			34,126
Capital - Third Parties		396,561			367,654
Total Liabilities and Capital		681,252			536,360
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		426,716			478,556
Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		140,639			174,792
Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties		87,059			88,748
Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		426,716			478,556
Riverfront Holdings I I L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		0			105,737
Cash and cash equivalents		0			2,626
Unrealized rents & receivables		0			13
Deferred costs		0			162
Total Assets				$ 150,082
Secured notes payable		0			64,982
Other liabilities		0			4,189
Capital - FRP				18,513
Capital - Third Parties				44,200
Total Liabilities and Capital				$ 150,082
Riverfront Holdings I I L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		0	[1]		108,538
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			34,667
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			4,700
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			108,538
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		195,806			173,560
Cash and cash equivalents		579			111
Unrealized rents & receivables		233			58
Deferred costs		28			85
Secured notes payable		103,546			72,471
Other liabilities		16,441			22,952
Bryant Street Partnerships [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	[1]	196,646			173,814
Bryant Street Partnerships [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		57,759			58,559
Bryant Street Partnerships [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties		18,900			19,832
Bryant Street Partnerships [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		196,646			173,814
D S T Hickory Creek [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		44,579			45,379
Cash and cash equivalents		1,121			1,202
Unrealized rents & receivables		935			775
Deferred costs		371			405
Secured notes payable		29,314			29,291
Other liabilities		179			107
D S T Hickory Creek [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		47,006			47,761
D S T Hickory Creek [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		4,667			4,894
D S T Hickory Creek [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties		12,846			13,469
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		47,006			47,761
Half St Owner L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		56,555			37,452
Cash and cash equivalents		7,089			14,011
Unrealized rents & receivables		0			2
Deferred costs		2,810			2,810
Secured notes payable		0			0
Other liabilities		9,827			1,953
Half St Owner L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		66,454			54,275
Half St Owner L L C [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		37,485			37,466
Half St Owner L L C [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties		19,142			14,856
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		66,454			54,275
Greenville Woodfield Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		67,337			42,668
Cash and cash equivalents		324			3,554
Unrealized rents & receivables		0			0
Deferred costs		0			235
Secured notes payable		24,748			1,776
Other liabilities		3,005			4,774
Greenville Woodfield Partnerships [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		67,661			46,457
Greenville Woodfield Partnerships [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		15,963			15,963
Greenville Woodfield Partnerships [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties		23,945			23,944
Greenville Woodfield Partnerships [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		67,661			46,457
Apartment Mixed Use [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net		364,277			404,796
Cash and cash equivalents		9,113			21,504
Unrealized rents & receivables		1,168			848
Deferred costs		3,209			3,697
Secured notes payable		157,608			168,520
Other liabilities		29,452			33,975
Apartment Mixed Use [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets		377,767			430,845
Apartment Mixed Use [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP		115,874			151,549
Apartment Mixed Use [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties		74,833			76,801
Apartment Mixed Use [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital		$ 377,767			$ 430,845
[1]	Riverfront Holdings II, LLC was consolidated on March 31, 2021. Bryant Street Partnerships includes $ 471,000 1,146,000 236,000 471,000

Investments in Joint Ventures_2

Investments in Joint Ventures as of December 31, 2020 (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net.	$ 412,178	$ 451,767
Cash and cash equivalents	9,478	21,649
Unrealized rents & receivables	1,612	1,102
Deferred costs	3,448	4,038
Total Assets	681,252	536,360
Secured notes payable	169,372	180,890
Other liabilities	29,646	34,126
Capital - Third Parties	396,561	367,654
Total Liabilities and Capital	681,252	536,360
Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	426,716	478,556
Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	140,639	174,792
Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	87,059	88,748
Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	426,716	478,556
Brooksville Quarry L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net.	14,284	14,287
Cash and cash equivalents	55	55
Unrealized rents & receivables	0	0
Deferred costs	1	5
Secured notes payable	0	0
Other liabilities	68	28
Brooksville Quarry L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	14,340	14,347
Brooksville Quarry L L C [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	7,474	7,499
Brooksville Quarry L L C [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	6,798	6,820
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	14,340	14,347
B C F R P Realty L L C [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net.	21,754	22,067
Cash and cash equivalents	310	90
Unrealized rents & receivables	444	254
Deferred costs	238	336
Secured notes payable	11,764	12,370
Other liabilities	126	123
B C F R P Realty L L C [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	22,746	22,747
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	5,428	5,127
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	5,428	5,127
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	22,746	22,747
Hyde Park [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net.	4	591
Cash and cash equivalents	0	0
Unrealized rents & receivables	0	0
Deferred costs	0	0
Secured notes payable	0	0
Other liabilities	0	0
Hyde Park [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	4	591
Hyde Park [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	4	591
Hyde Park [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	0	0
Hyde Park [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	4	591
Amber Ridge Loan [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net.	11,859	10,026
Cash and cash equivalents	0	0
Unrealized rents & receivables	0	0
Deferred costs	0	0
Secured notes payable	0	0
Other liabilities	0	0
Amber Ridge Loan [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	11,859	10,026
Amber Ridge Loan [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	11,859	10,026
Amber Ridge Loan [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	0	0
Amber Ridge Loan [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	11,859	10,026
Apartment Mixed Use [Member]
Schedule of Equity Method Investments [Line Items]
Investments in real estate, net.	364,277	404,796
Cash and cash equivalents	9,113	21,504
Unrealized rents & receivables	1,168	848
Deferred costs	3,209	3,697
Secured notes payable	157,608	168,520
Other liabilities	29,452	33,975
Apartment Mixed Use [Member] | Real Estate Total Assets [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	377,767	430,845
Apartment Mixed Use [Member] | Real Estate Partnership F R P [Member]
Schedule of Equity Method Investments [Line Items]
Capital - FRP	115,874	151,549
Apartment Mixed Use [Member] | Real Estate Partnership Third Parties [Member]
Schedule of Equity Method Investments [Line Items]
Capital - Third Parties	74,833	76,801
Apartment Mixed Use [Member] | Real Estate Partnership Total Liabilities And Capital [Member]
Schedule of Equity Method Investments [Line Items]
Total Liabilities and Capital	$ 377,767	$ 430,845

Bryant Partnerships income stat

Bryant Partnerships income statements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of Equity Method Investments [Line Items]
Rental Revenue	$ 5,861	$ 3,447	$ 9,399	$ 7,045
Total Revenues	8,495	5,849	14,348	11,632
Property taxes	1,000	646	1,778	1,383
Total cost of operations	1,394	781	2,235	1,706
Total operating profit	(159)	1,204	1,283	1,998
Interest expense	(446)	(45)	(1,371)	(96)
Net loss before tax	$ 130	$ 5,515	51,526	$ 7,615
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Rental Revenue			111
Revenue – other			47
Total Revenues			158
Depreciation and amortization			476
Operating expenses			686
Property taxes			73
Total cost of operations			1,235
Total operating profit			(1,077)
Interest expense			(1,130)
Net loss before tax			(2,207)
Bryant Street Partnerships [Member]
Schedule of Equity Method Investments [Line Items]
Rental Revenue			180
Revenue – other			77
Total Revenues			257
Depreciation and amortization			776
Operating expenses			1,117
Property taxes			119
Total cost of operations			2,012
Total operating profit			(1,755)
Interest expense			(655)
Net loss before tax			$ (2,410)

Investments in Joint Ventures_3

Investments in Joint Ventures (Details Narrative) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Differene between carrying value and underlying equity	$ 4,300,000
Retained earnings (accumulated deficit)	$ (6,752,000)	$ (8,278,000)

Maren consolidation at stabiliz

Maren consolidation at stabilization (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Condensed Cash Flow Statements, Captions [Line Items]
Land	$ 121,057		$ 91,744
Project under construction	11,378		4,879
Accounts receivable	1,076		923
Total Assets	681,252		536,360
Long-term Debt	178,334		89,964
Other liabilities	1,886		1,886
Equity – FRP	396,561		367,654
Total Liabilities and Capital	$ 681,252		$ 536,360
Riverfront Holdings I I L L C [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Land		$ 29,330
Building and improvements, net		110,800
Project under construction		258
Value of leases in place		4,750
Cash		3,704
Cash held in escrow		336
Accounts receivable		707
Prepaid expenses		197
Total Assets		150,082
Long-term Debt		88,000
Amortizable debt costs		(1,072)
Other liabilities		441
Equity – FRP		44,200
Equity - MRP		18,513
Total Liabilities and Capital		150,082
Riverfront Holdings I I L L C [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Land		6,472
Building and improvements, net		87,269
Project under construction		258
Value of leases in place		0
Cash		3,704
Cash held in escrow		336
Accounts receivable		707
Prepaid expenses		197
Total Assets		98,943
Long-term Debt		88,000
Amortizable debt costs		(1,072)
Other liabilities		441
Equity – FRP		7,026
Equity - MRP		4,548
Total Liabilities and Capital		98,943
Remeasurement Gain [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Land		22,858
Building and improvements, net		23,531
Project under construction		0
Value of leases in place		4,750
Cash		0
Cash held in escrow		0
Accounts receivable		0
Prepaid expenses		0
Total Assets		51,139
Long-term Debt		0
Amortizable debt costs		0
Other liabilities		0
Equity – FRP		37,174
Equity - MRP		13,965
Total Liabilities and Capital		$ 51,139

Consolidation of Riverfront I_3

Consolidation of Riverfront Investment Partners II, LLC. Riverfront Holdings II, LLC (Details Narrative)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2020	May 04, 2018integer
Schedule of Equity Method Investments [Line Items]
Cash contributed				$ 4,768,000	$ 2,107,000
Ownership basis		70.41%
Remeasurement gain, MRP	$ 0	$ 51,139,000	$ 0	$ 51,139,000	$ 0
M R P Realty [Member]
Schedule of Equity Method Investments [Line Items]
MRP Contributions						$ 5,600,000
MRP Development Fee						725,000
Remeasurement gain, MRP		$ 13,965,000
Riverfront Holdings I I L L C [Member]
Schedule of Equity Method Investments [Line Items]
Square feet | integer								250,000
Number of residential units | integer								264
Retail square feet | integer								6,937
Value of land contributed						16,300,000
Cost basis of land contributed						4,600,000
Cash contributed						6,200,000
Ownership basis							80.00%	80.00%
Preferred equity committed						$ 13,750,000
Interest rate								7.50%
Stabilization		90.00%