{"url_path":"/sec/frd/10-k/2026/item-2","section_key":"item-2","section_title":"Item 2 Properties**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-11","source_url":"https://www.sec.gov/Archives/edgar/data/39092/0001437749-26-020323-index.html","accession_number":"0001437749-26-020323","cik":"0000039092","ticker":"FRD","issuer_name":"FRIEDMAN INDUSTRIES INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/39092/0001437749-26-020323-index.html","primary_entity_key":"0000039092","primary_entity_name":"FRIEDMAN INDUSTRIES INC"},"word_count":483,"has_tables":true,"body_markdown":"**Item 2.  Properties**\n\n \n\nThe principal real properties of the Company are described in the following table:\n\n \n\n**Location**\n\n \n\n**Approximate**\n\n**Size**\n\n \n\n**Ownership**\n\n \n\n**Lone Star, Texas**\n\n \n\n \n\n \n\n \n\n \n\nPlant — Texas Tubular Products\n\n \n\n118,260 sq. feet\n\n \n\nOwned(1)\n\n \n\nOffices — Texas Tubular Products\n\n \n\n10,500 sq. feet\n\n \n\nOwned(1)\n\n \n\nLand — Texas Tubular Products\n\n \n\n81.7 acres\n\n \n\nOwned(1)\n\n \n\n**Longview, Texas**\n\n \n\n \n\n \n\n \n\n \n\nOffices — Administrative\n\n \n\n5,100 sq. feet\n\n \n\nLeased(2)\n\n \n\n**Hickman, Arkansas**\n\n \n\n \n\n \n\n \n\n \n\nPlant and Warehouse — Flat Roll Products\n\n \n\n64,600 sq. feet\n\n \n\nOwned(1)\n\n \n\nOffices — Flat Roll Products\n\n \n\n2,500 sq. feet\n\n \n\nOwned(1)\n\n \n\nLand — Flat Roll Products\n\n \n\n26.2 acres\n\n \n\nOwned(1)\n\n \n\n**Decatur, Alabama**\n\n \n\n \n\n \n\n \n\n \n\nPlant and Warehouse — Flat Roll Products\n\n \n\n48,000 sq. feet\n\n \n\nOwned(1)\n\n \n\nOffices — Flat Roll Products\n\n \n\n2,000 sq. feet\n\n \n\nOwned(1)\n\n \n\nLand — Flat Roll Products\n\n \n\n47.3 acres\n\n \n\nOwned(1)\n\n \n\n**Sinton, Texas**\n \n \n \n \n \n\n     Plant and Warehouse — Flat Roll Products\n \n70,000 sq. feet\n \nLeasehold Improvement (3)\n \n\n     Offices — Flat Roll Products\n \n3,100 sq. feet\n \nLeasehold Improvement (3)\n \n\n     Land — Flat Roll Products\n \n26.5 acres\n \nLeased (3)\n \n\n**East Chicago, Indiana**\n \n \n \n \n \n\n     Plant and Warehouse — Flat Roll Products\n \n150,900 sq. feet\n \nOwned (1)\n \n\n     Offices — Flat Roll Products\n \n3,200 sq. feet\n \nOwned (1)\n \n\n     Land — Flat Roll Products\n \n5.0 acres\n \nOwned (1)\n \n\n**Granite City, Illinois**\n \n \n \n \n \n\n  Plant and Warehouse — Flat Roll Products\n \n321,000 sq. feet\n \nLeasehold Improvement (4)\n \n\n  Offices — Flat Roll Products\n \n4,400 sq. feet\n \nLeasehold Improvement (4)\n \n\n  Land — Flat Roll Products\n \n31.1 acres\n \nLeased (4)\n \n\n**Miami Gardens, Florida**\n \n \n \n \n \n\n     Plant and Warehouse — Flat Roll Products\n \n91,100 sq. feet\n \nOwned (1)\n \n\n     Offices — Flat Roll Products\n \n10,300 sq. feet\n \nOwned (1)\n \n\n     Land — Flat Roll Products\n \n3.9 acres\n \nOwned (1)\n \n\n**Orlando, Florida**\n \n \n \n \n \n\n     Distribution Warehouse — Flat Roll Products\n \n27,100 sq. feet\n \nLeased (5)\n \n\n     Offices\n \n3,000 sq. feet\n \nLeased (5)\n \n\n**Tampa, Florida**\n \n \n \n \n \n\nStorage Warehouse — Flat Roll Products\n \n32,240 sq. feet\n \nLeased (6)\n \n\n**The Woodlands, Texas**\n \n \n \n \n \n\n Offices — Administrative\n \n5,000 sq. feet\n \nLeased (7)\n \n\n \n\n(1)\n\nAll of the Company’s owned real properties, plants and offices are held in fee and are not subject to any mortgage or deed of trust.\n\n(2)\n\nThe office lease is with a non-affiliated party, expires on April 30, 2027, and requires a monthly rental payment of approximately $5,000.\n\n(3)\n\nThe associated lease is a 99 year lease with Steel Dynamics Inc. that calls for an annual rental payment of $1 and has an expiration date of February 19, 2120.\n\n(4)\n\nThe associated lease is with America's Central Port District. The lease expires on August 31, 2028 and requires a monthly rental payment of approximately $13,300.\n\n(5)\nThe lease is with a non-affiliated party, expires on July 31, 2029, and requires a monthly rental payment of approximately $25,000.\n\n(6)\nThe lease is with a non-affiliated party, expires on November 30, 2029, and requires a monthly rental payment of approximately $21,000.\n\n(7)\n\nThe office lease is with a non-affiliated party, expires on February 28, 2029, requires a monthly rental payment of approximately $11,600 and a monthly payment of proportionate operating costs of approximately $4,800."}