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FRP Holdings Inc is a holding company engaged in various real estate businesses. The company's business segments are Leasing and management of commercial properties owned by the company (the Industrial/Commercial Segment); Leasing and management of mining royalty land owned by the company (the Mining Royalty Lands Segment); real property acquisition, entitlement, development and construction for apartment, retail, industrial, and office (the Development Segment), and (iv) management of mixed-use residential/retail properties owned through joint ventures.

Prologis is an industrial real estate investment trust that was formed as a result of the 2011 merger between AMB Property and Prologis Trust, forging the world's largest owner and operator of logistics real estate across warehouses, distribution centers, and fulfillment facilities. The core business generates rental revenue by leasing logistics space to a diverse customer base of retailers, manufacturers, and e-commerce companies. As of September 2026, its portfolio of properties and development projects totaled about 1.3 billion square feet across 20 countries, concentrated near major population centers, ports, and transportation hubs, though the United States accounted for about 84% of net operating income.