FRP HOLDINGS INC (FRPH)
Sector: Real Estate
Sector: Real Estate
FRP HOLDINGS INC - Executive Compensation
Chief Financial Officer starting May 31, 2024
Executive Compensation
Matthew C. McNulty is a accomplished finance leader with more than 20 years of experience in real estate investment, financial planning, and strategic operations. A Certified Public Accountant (CPA), he earned his Bachelor’s degree in Accounting from the University of Florida and an MBA from the University of South Florida. McNulty began his career at a Big Four accounting firm, where he honed his expertise in auditing, tax advisory, and financial reporting for real estate and public companies. His early roles included key positions at regional real estate firms, where he managed complex transactions, compliance, and risk management. Prior to his current role, McNulty served as Vice President of Finance at FRP Holdings, Inc. since 2021, overseeing financial reporting, budgeting, and capital allocation for the company’s diverse portfolio of industrial, commercial, and multi-family properties. His notable achievements include spearheading debt refinancings that reduced interest expenses by over 20%, optimizing working capital to support asset acquisitions, and implementing robust ERP systems that enhanced operational efficiency and SEC compliance. Under his guidance, FRP successfully navigated market volatility while delivering strong returns to shareholders. Effective May 31, 2024, McNulty was promoted to Chief Financial Officer of FRP Holdings, Inc., a position where he directs the company’s overall financial strategy, investor relations, treasury operations, and M&A activities. Reporting to the CEO, he plays a pivotal role in driving FRP’s growth initiatives, including opportunistic real estate investments and portfolio expansion across the Southeast United States, positioning the company for sustained profitability and long-term value creation.