FRP Holdings, Inc. (FRPH) vs Industrial Logistics Properties Trust (ILPT)
A side-by-side comparison of FRP Holdings, Inc. and Industrial Logistics Properties Trust across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — FRPH vs ILPT
growth of $100 · dividends reinvested · last 9yFRPH vs ILPT: by the numbers
- •ILPT is the larger company ($486M vs $388M market cap).
- •FRPH is profitable (0.22% net margin) while ILPT runs a net loss (-10.37%).
- •ILPT grew revenue faster over the past five years (14.29% vs 10.52% CAGR).
- •ILPT pays a dividend (3.52% yield), while FRPH is a former payer with no current dividend run rate.
Metrics side by side
Valuation
| Metric | FRPH | ILPT |
|---|---|---|
| P/E ratio | 3892.31 | N/A |
| P/S ratio | 8.95 | 1.07 |
| P/B ratio | 0.90 | 1.05 |
| EV / EBITDA | 30.57 | 14.77 |
| FCF yield | N/A | 11.21% |
For REITs like Industrial Logistics Properties Trust, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | FRPH | ILPT |
|---|---|---|
| Gross margin | 15.69% | 10.99% |
| Operating margin | 11.57% | 32.85% |
| Net margin | 0.22% | -10.37% |
| ROE | 0.02% | -10.23% |
| ROIC | 0.68% | 2.97% |
Dividends
| Metric | FRPH | ILPT |
|---|---|---|
| Dividend yield | N/A | 3.52% |
Industrial Logistics Properties Trust's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | FRPH | ILPT |
|---|---|---|
| Revenue CAGR (5Y) | 10.52% | 14.29% |
| EPS CAGR (5Y) | -23.76% | N/A |
| FCF CAGR (5Y) | N/A | -13.15% |
| Total return CAGR (5Y) | -6.35% | -20.92% |
Frequently asked
- Which has grown faster, FRPH or ILPT?
- Over the past five years, ILPT grew revenue faster — FRPH at a 10.52% CAGR versus ILPT at 14.29%.
- Does FRPH or ILPT pay a bigger dividend?
- ILPT pays a dividend (3.52% yield), while FRPH is a former payer with no current dividend run rate.
- Is FRPH or ILPT more profitable?
- FRPH runs the higher net margin — FRPH at 0.22% versus ILPT at -10.37%.
- How have FRPH and ILPT total returns compared?
- Over the past 5 years, FRPH delivered -6.35% and ILPT delivered -20.92% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
FRP & Industrial Logistics Properties appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.