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Exhibit 21
FRP Holdings, Inc.
Subsidiaries
As of December 31, 2025
Name of SubsidiaryState of FormationType of Entity% of Ownership
Florida Rock Properties, Inc.FloridaCorporation100%
FRP Hollander 95 LLCMarylandLimited Liability Company100%
Lake Louisa LLCFloridaLimited Liability Company100%
FRP 801 Chelsea LLCMarylandLimited Liability Company100%
FRP Old Philadelphia Road LLCMarylandLimited Liability Company100%
FRP Riverfront I, LLCDelawareLimited Liability Company100%
FRP Riverfront II LLCDelawareLimited Liability Company100%
FRP Chase LLCDistrict of ColumbiaLimited Liability Company100%
FRP Alamo LLCDistrict of ColumbiaLimited Liability Company100%
FRP Pad LLCDistrict of ColumbiaLimited Liability Company100%
FRP Coda LLCDistrict of ColumbiaLimited Liability Company100%
FRP Verge LLCDelawareLimited Liability Company100%
FRP Buzzard Point LLCDelawareLimited Liability Company100%
FRP Estero Investor LLCDelawareLimited Liability Company100%
FRP Woven LLCDelawareLimited Liability Company100%
FRP Lakeland 1 LLCDelawareLimited Liability Company100%
FRP Lakeland 2 LLCDelawareLimited Liability Company100%
FRP Ft. Lauderdale 1 LLCDelawareLimited Liability Company100%
FRP Woven Pref Investor LLCDelawareLimited Liability Company100%
FRP Woven Bridge Lender LLCDelawareLimited Liability Company100%
FRP Camp Lake IA LLCDelawareLimited Liability Company100%
FRP Development Corp.MarylandCorporation100%
FRP Cranberry Run LLCMarylandLimited Liability Company100%
FRP Bird River LLCMarylandLimited Liability Company100%
34 Loveton Center LLCMarylandLimited Liability Company100%
FRP Hampstead LLCMarylandLimited Liability Company100%
FRP Mechanics Valley LLCMarylandLimited Liability Company100%
FRP Developer LLCDelawareLimited Liability Company100%
FRP Guaranty LLCFloridaLimited Liability Company100%
FRP Manager LLCDelawareLimited Liability Company100%
FRP Utility LLCMarylandLimited Liability Company100%
FRP SWR LLCDelawareLimited Liability Company100%
FRP Delray LLCDelawareLimited Liability Company100%
FRP Hamilton LLCDelawareLimited Liability Company100%
FRP Parsippany LLCDelawareLimited Liability Company100%


Others:
1800 Half Street Owner LLCDistrict of ColumbiaLimited Liability Company61.37%
Riverfront Investment Partners I, LLCDelawareLimited Liability Company66% (1)
Riverfront Investment Partners Phase II, LLCDelawareLimited Liability Company70.41% (2)
FRP Bryant Street Phase 1-AC OZ Fund LLCDistrict of ColumbiaLimited Liability Company100%
FRP Bryant Street Phase 1-B OZ Fund LLCDistrict of ColumbiaLimited Liability Company100%
FRP Bryant Street Phase 1-D OZ Fund LLCDistrict of ColumbiaLimited Liability Company100%
FRP Bryant Street Phase 1-E OZ Fund LLCDistrict of ColumbiaLimited Liability Company100%
FRP OZ Fund 2019-A LLCDelawareLimited Liability Company100%
FRP OZ Fund 2019-B LLCDelawareLimited Liability Company100%
FRP OZ Fund 2019-C LLCDelawareLimited Liability Company100%
Coconut Road Estero Apartments, LLCDelawareLimited Liability Company16%
Coconut Road Estero Venture LLPDelawareLimited Liability Partnership16%
WF Coconut Road Estero, LLCDelawareLimited Liability Company32%
Bryant Venture Phaes I-A&C, LLCDistrict of ColumbiaLimited Liability Company72.2328%
Bryant Venture Phaes1-B, LLCDistrict of ColumbiaLimited Liability Company71.2624%
Bryant Venture Phaes I-D, LLCDistrict of ColumbiaLimited Liability Company71.9395%
Bryant Venture Phaes I-E, LLCDistrict of ColumbiaLimited Liability Company72.2301%
BC FRP Realty LLCMarylandLimited Liability Company50%
Brooksville Quarry LLCFloridaLimited Liability Company50%
Woodfield .408 Jackson OZB LLCDelawareLimited Liability Company40%
Woodfield Riverside OZB LLCDelawareLimited Liability Company40%
FRP OZ Fund 2023-A LLCDelawareLimited Liability Company100%
Woodfield FRP Woven, LLCDelawareLimited Liability Company50%
Lakeland Logistics Park Venture, LLCDelawareLimited Liability Company100%
Lakeland Logistics Park Holdings, LLCDelawareLimited Liability Company100%
Lakeland Logistics Park Owner, LLCDelawareLimited Liability Company100%
Davie Logistics Park Venture, LLCDelawareLimited Liability Company100%
Davie Logistics Park Holdings, LLCDelawareLimited Liability Company100%
Davie Logistics Park Owner, LLCDelawareLimited Liability Company100%
Camp Lake Venture IA, LLCDelawareLimited Liability Company95%
Parsippany Logistics Park Manager, LLCFloridaLimited Liability Company87.92%
Parsippany Logistics Park Venture, LLCFloridaLimited Liability Company11.38%
Hamilton Logistics Park Manager, LLCFloridaLimited Liability Company85.125%
RREEF CPIF Park at Hamilton JV, LLCDelawareLimited Liability Company10%
Delray Logistics Park Investor Holdings, LLCDelawareLimited Liability Company10%
(1) As part of our new partnership with SIC and MRP, we sold a 20% interest in a tenancy-in-common of Dock 79 where FRP Holdings, Inc. is the majority partner with a 52.8% ownership
(2 ) As part of our new partnership with SIC and MRP, we sold a 20% interest in a tenancy-in-common of The Maren where FRP Holdings, Inc. is the majority partner with a 56.3% ownership