Franklin Street Properties Corp. FSP

0.35 0.03 9.37% as of 25 Sep
Market cap
$33.3M
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 11.67%

Capital & Financial Ratios

Market Cap 33.28
Revenue 105.92
Net Income (41.78)
Free Cash Flow (4.92)
Net Debt 230.68
Current Ratio 2.50
Debt/Equity 0.44
P/E ratio 0.00
P/S ratio 0.34
P/B ratio 0.06
Past 5Y EPS Growth —
This Y EPS Growth 11.76%
Next Y EPS Growth 28.89%
Next 5Y EPS Growth 15.29%
in millions of $

Dividends

Payout Ratio 0.50
Annual Dividend Rate 0.04
Annual Dividend Yield 1.72%
total individual payouts
2027 Powerpack
2026 0.04
0.01
2025 0.04
0.01
0.01
0.01
0.01
2024 0.04
0.01
0.01
0.01
0.01
2023 0.04
0.01
0.01
0.01
0.01
2022 0.20
0.09
0.09
0.01
0.01
2021 0.36
0.09
0.09
0.09
0.09
0.32
2020 0.36
0.09
0.09
0.09
0.09
2019 0.36
0.09
0.09
0.09
0.09
2018 0.46
0.19
0.09
0.09
0.09
2017 0.76
0.19
0.19
0.19
0.19
2016 0.76
0.19
0.19
0.19
0.19
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 128 43 31 22
Receivables 43 39 39 39
Inventory — — — —
Other — — — —
170 82 70 61
2023 2024 2025 Q'26
Payables 42 34 29 24
ST’ Debt — — — —
Other — — — —
136 37 31 25
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (7.89%) (15.30%) (13.51%)
Cash Flow (28.19%) (44.05%) (37.31%)
Earnings 0.00% 0.00% 0.00%
Book Value (4.24%) (4.60%) (7.57%)

Revenue

Mar Jun Sep Dec Year
’26 26 26 — — —
’25 27 27 27 26 107
’24 31 31 30 28 120
’23 38 36 37 35 146
’22 42 41 41 41 166
’21 59 56 51 43 209
’20 63 61 62 60 246
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (5) 3 — — —
’25 (5) (3) 8 4 4
’24 (7) (1) 14 2 9
’23 (1) 2 11 6 18
’22 (10) 0 20 6 15
’21 2 4 21 9 36
’20 7 18 30 12 68
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (8) 0 — — —
’25 (10) 0 3 0 (7)
’24 18 (5) 37 29 79
’23 16 (5) 12 106 128
’22 (20) (12) 105 16 89
’21 (14) 212 93 254 545
’20 (13) (5) 12 85 79
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.09) (0.16) — — —
’25 (0.21) (0.08) (0.08) (0.07) (0.43)
’24 (0.07) (0.20) (0.15) (0.08) (0.51)
’23 0.02 (0.08) (0.44) 0.03 (0.47)
’22 (0.04) (0.09) 0.17 (0.03) 0.01
’21 (0.06) 0.15 0.04 0.75 0.87
’20 (0.01) (0.02) (0.02) 0.35 0.30
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
8.67 9.59 5.87 6.08 3.34 4.00 2.34 1.13 1.47 0.85

Analyst estimates 2026–2028

Powerpack
Low Price
13.18 13.27 10.83 8.97 8.65 6.65 6.28 3.19 2.72 2.09
High Price
39 39 38 37 37 32 28 28 28 28
Employees
6 7 7 7 7 7 6 5 4 4
Revenue/Emp
250 273 269 269 246 209 166 146 120 107
Revenue
57.79% 57.06% 56.65% 55.33% 53.09% 51.31% 47.20% 46.51% 43.59% 43.78%
Gross Margin
9 (12) 7 7 33 93 1 (48) (53) (45)
EBT
3.52% (4.38%) 2.47% 2.51% 13.37% 44.39% 0.78% (32.83%) (43.72%) (41.78%)
EBT Margin
8 (16) 13 6 33 93 1 (48) (53) (45)
Net Income
95 103 97 93 91 81 66 53 47 45
Depreciation
2.43 2.54 2.51 2.51 2.29 1.96 1.60 1.41 1.16 1.03
Revenue/Sh
0.08 (0.15) 0.12 0.06 0.30 0.87 0.01 (0.47) (0.51) (0.43)
Earnings/Sh
0.92 0.89 0.75 0.76 0.64 0.34 0.15 0.17 0.09 0.04
Cash Flow/Sh
(2.25) (0.15) (0.48) (0.66) 0.10 4.77 0.72 1.07 0.68 (0.10)
Capex/Sh
(1.33) 0.74 0.27 0.10 0.74 5.11 0.86 1.24 0.77 (0.06)
Free CF/Sh
9.35 8.13 7.81 7.33 7.16 7.34 7.44 6.90 6.34 5.86
Book Value/Sh
103 107 107 107 107 107 103 103 104 104
Shares
144.67 0.00 53.61 155.07 14.36 6.76 277.00 0.00 0.00 0.00
PE Ratio
5.36 4.23 2.48 3.41 1.91 3.03 1.73 1.84 1.58 0.92
PS Ratio
1.39 1.32 0.80 1.17 0.61 0.81 0.37 0.38 0.29 0.16
PB Ratio
9.50 8.01 6.12 6.96 5.62 5.10 3.89 3.12 3.28 2.95
EV/Sales
(17.34) 27.51 56.44 167.68 17.38 1.96 7.21 3.54 4.97 (48.24)
EV/FCF
94 96 80 82 68 36 15 18 9 4
Op' Cash Flow
(231) (17) (51) (71) 11 508 74 111 70 (10)
Capex
(137) 79 29 11 79 545 89 128 79 (7)
FCF
84 73 78 31 21 22 (21) 35 45 39
Working Cap'
1,045 1,042 988 965 917 474 364 314 247 248
Total Debt
1,036 1,032 977 955 912 433 358 186 204 218
Net Debt
962 871 838 786 768 783 769 713 656 607
Sh' Equity
0.42% (0.78%) 0.67% 0.35% 1.79% 5.87% 0.08% (3.99%) (4.98%) (4.89%)
ROA
0.33% 0.28% 0.23% 0.24% (0.34%) (0.99%) (1.24%) (1.76%) (2.38%) (2.49%)
ROIC
0.88% (1.74%) 1.53% 0.80% 4.20% 11.95% 0.14% (6.49%) (7.70%) (7.12%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Franklin Street Properties Corp. (FSP) key facts

  • Franklin Street Properties Corp. (FSP) is a Reit Office company in the Real Estate sector, listed on NYSE American.
  • Franklin Street Properties Corp.’s revenue for fiscal 2025 (year ended December 2025) was $107.2 million, down 10.8% from fiscal 2024.
  • As of September 25, 2026, FSP traded at $0.35, a market capitalization of $33.3 million.
  • Franklin Street Properties Corp. pays an annual dividend of $0.04 per share, a yield of 1.72%, with a payout ratio of 50.0%.
  • Return on equity was −7.12% and debt-to-equity 0.44.

Source: company filings (standardised) and stockrow calculations.

Franklin Street Properties Corp. (FSP) Latest News

News by impact score

Fine-tune

28 Jul

3

Franklin Street Properties Corp. announced its second quarter 2026 financial results. Quarterly earnings reports deliver financial metrics that typically produce moderate shifts in valuation and sentiment.

28 Apr

4

Franklin Street Properties Corp. announces first quarter 2026 results. Quarterly earnings releases reveal key financial metrics that significantly impact stock price and investor expectations.

23 Apr

4

Franklin Street Properties Corp. (FSP) announces expansion of its strategic alternatives process to explore a broader range of transactions and opportunities. Expansion of strategic alternatives process signals pursuit of major transactions like sales or mergers, poised to significantly reshape FSP's trajectory and investor sentiment.

10 Mar

4

Franklin Street Properties Corp. (FSP) Q4 2025 earnings call highlights strategic refinancing initiatives amid key financial updates. Strategic refinancing in Q4 2025 earnings represents a major move to improve FSP's debt structure and financial trajectory.

9 Mar

4

Franklin Street Properties Corp. announced fourth quarter and full-year 2025 results, detailing financial performance metrics. Quarterly and annual earnings announcements significantly impact stock performance and investor perceptions of future growth.

3

Franklin Street Properties Corp. (FSP) released Q4 earnings snapshot highlighting key financial results. Q4 earnings snapshots reveal financial performance metrics that moderately influence investor sentiment and stock trajectory.

27 Feb

4

Franklin Street Properties Corp. (FSP) closed a $320 million secured credit facility, refinancing all outstanding indebtedness and providing an additional update on its review of strategic alternatives. Refinancing all debt eliminates prior obligations and bolsters liquidity, while strategic alternatives review hints at transformative actions like potential sale.

5 Feb

4

Franklin Street Properties Corp. is conducting a review of strategic alternatives to enhance shareholder value. The company is exploring various options, including potential asset sales, mergers, or other strategic transactions. This review is part of an ongoing effort to optimize its portfolio and improve financial performance. Further updates will be provided as the process progresses. The strategic review indicates significant potential changes that could alter the company's trajectory and investor sentiment.

21 Nov

4

Franklin Street Properties Corp. is currently reviewing strategic alternatives to enhance shareholder value. The company is exploring various options, including potential asset sales, mergers, or other strategic transactions. This review process is aimed at identifying the best path forward for the company and its stakeholders. The strategic alternatives review could lead to significant changes in the company's operations and market positioning.

30 Oct

4

Franklin Street Properties Corp. (FSP) reported a 57% annual increase in losses, indicating a deteriorating financial situation. The company's profitability outlook remains weak, raising concerns among investors about its future performance and market position. Significant losses and a weak profitability outlook are likely to impact investor sentiment and the company's future trajectory.

28 Oct

4

Franklin Street Properties Corp. reported its third quarter 2025 results, highlighting key financial metrics and operational updates. The company showed a notable increase in revenue and net income compared to the previous quarter, driven by strategic acquisitions and improved occupancy rates in its properties. Management expressed optimism about future growth prospects and outlined plans for further investments in high-demand markets. The results reflect a positive trajectory for the company amidst a competitive real estate landscape. The significant increase in revenue and net income, along with strategic acquisitions, indicates a major positive shift in the company's performance and future outlook.

3

Franklin Street Properties Corp. reported its Q3 earnings, highlighting key financial metrics and operational performance. The company experienced fluctuations in revenue and occupancy rates, reflecting broader market trends. Management provided insights into strategic initiatives aimed at enhancing portfolio value and addressing market challenges. Overall, the earnings report indicates a cautious outlook amid evolving economic conditions. Fluctuations in revenue and occupancy rates may moderately influence financial performance and market sentiment.

29 Jul

3

Franklin Street Properties Corp. reported its Q2 earnings, highlighting key financial metrics and operational updates. The company experienced fluctuations in revenue and occupancy rates, reflecting broader market trends. Management provided insights into strategic initiatives aimed at enhancing portfolio performance and addressing challenges in the commercial real estate sector. Overall, the earnings report indicates a cautious outlook amid ongoing economic uncertainties. Fluctuations in revenue and occupancy rates may moderately influence financial performance and market sentiment.

3

Franklin Street Properties Corp. reported its financial results for the second quarter of 2025, highlighting key metrics such as revenue, net income, and operational performance. The company noted improvements in its property portfolio and strategic initiatives aimed at enhancing shareholder value. Management expressed optimism about future growth prospects and ongoing market conditions. The reported financial results indicate moderate improvements that may influence investor sentiment and operational performance.

14 May

4

Franklin Street Properties Corp. (FSP) announced a review of strategic alternatives to maximize shareholder value, which may include a sale of the company, asset sales, or refinancing of debt. Chairman and CEO George J. Carter stated that the current share price does not reflect the underlying value of their real estate. BofA Securities has been engaged as a financial advisor for this process. No timeline for completion has been provided, and FSP will not comment further until the review is complete. The strategic review process could lead to significant changes in company operations and investor sentiment.

1 May

3

Franklin Street Properties Corp. (FSP) reported its Q1 2025 earnings, highlighting challenges in the current market environment. The company is navigating various obstacles, including economic pressures and competition, while focusing on strategic initiatives to enhance operational efficiency and financial performance. Management emphasized the importance of adapting to market changes and maintaining a strong portfolio to drive future growth. Current market challenges and strategic initiatives may moderately influence financial performance and competitive positioning.

3 transcript

Franklin Street Properties Corp. reported Q1 2025 results with funds from operations of $2.7 million and a GAAP net loss of $21.4 million. The company is focused on leasing existing properties and pursuing property dispositions to reduce debt. Leasing activity was weak, with only renewals and expansions totaling 60,000 square feet. The portfolio was 69.2% leased, down from 70.3% in Q4 2024. Market conditions remain challenging, particularly for larger institutional buyers, but there are signs of stabilization in the office investment landscape. FSP is actively marketing properties for disposition and remains committed to enhancing shareholder value. Weak leasing results and ongoing market challenges may moderately affect financial performance and investor sentiment.

29 Apr

3

Franklin Street Properties Corp. reported its Q1 earnings, highlighting key financial metrics and operational performance. The company showed a notable increase in revenue compared to the previous quarter, driven by improved occupancy rates and strategic property acquisitions. Management expressed optimism about future growth prospects, citing ongoing investments in their portfolio and favorable market conditions. However, challenges such as rising interest rates and economic uncertainties were acknowledged as potential risks. Overall, the earnings report reflects a positive trajectory for Franklin Street Properties. The earnings report indicates moderate growth and operational improvements, but also highlights potential risks that could limit overall impact.

3

Franklin Street Properties Corp. reported a GAAP net loss of $21.4 million for Q1 2025, with Funds From Operations (FFO) at $2.7 million. The company aims to enhance leasing efforts and is marketing properties totaling approximately one million square feet for potential sale to reduce debt, which currently stands at $250 million. The portfolio was 69.2% leased as of March 31, 2025, down from 70.3% at the end of 2024. A quarterly cash dividend of $0.01 per share was declared, payable on May 8, 2025. The company has suspended guidance for net income, FFO, and property dispositions due to economic uncertainty. The reported financial losses and leasing challenges indicate a moderately noticeable influence on future performance.

13 Feb

3 transcript

Franklin Street Properties Corp. reported its Q4 2024 earnings, highlighting key financial metrics and operational updates. The company discussed its performance in the commercial real estate sector, emphasizing strategic initiatives and market conditions that influenced results. Management provided insights into future growth prospects and challenges, addressing investor concerns during the earnings call. Moderate influence on financial performance and market sentiment is expected due to the company's strategic initiatives and market conditions discussed.

3

Franklin Street Properties Corp (FSP) reported Q4 2024 Funds From Operations (FFO) of $2.7 million, with a GAAP net loss of $8.5 million. The company leased approximately 252,000 square feet of office space in Q4 and sold Pershing Park Plaza in Atlanta for $34 million. Total indebtedness stood at $250.3 million, with a leased occupancy rate of 70.3%, down from 74.0% in 2023. Economic occupancy also decreased to 68.6%. Despite challenges in the office sales environment, FSP is tracking over 600,000 square feet of prospective new tenants, indicating potential for future leasing growth. The increase in leasing activity and property sales may moderately influence FSP's financial performance and market sentiment.

11 Feb

4

Franklin Street Properties Corp. reported its fourth quarter and full year 2024 results, highlighting key financial metrics and operational performance. The company demonstrated growth in revenue and net income, driven by strategic investments and property management efficiencies. Management provided insights into future plans, including potential acquisitions and market expansion strategies, aimed at enhancing shareholder value. Overall, the results reflect a positive trajectory for the company amidst a competitive real estate landscape. The reported financial growth and strategic plans indicate significant potential for future performance and investor sentiment.

27 Nov

4

Bruce J. Schanzer appointed to FSP Board of Directors. Cooperation agreement with Converium Capital and Erez Asset Management. Schanzer brings REIT and investment banking experience. Appointment of Schanzer and cooperation agreement with major shareholders expected to have a significant impact on FSP's future strategic direction and shareholder value.

7 Nov

4

Activist investors Converium Capital and Erez Capital Management have taken a 6.8% stake in Franklin Street Properties Corp (NYSE:FSP) and are pursuing board representation, believing the shares are undervalued. Activist investors taking a significant stake and pursuing board representation could lead to major strategic moves and significantly alter the company's trajectory.

31 Oct

3 transcript

Franklin Street Properties Corp. reported third-quarter results, including funds from operations of $2.7 million and a GAAP net loss of $15.6 million. They have been actively reducing debt through property dispositions and have seen an increase in leasing prospects in their key markets. The article discusses significant financial results and strategic moves by Franklin Street Properties Corp., which may moderately influence their future performance.

3

FSP reported FFO of $2.7 million, GAAP net loss of $15.6 million, $140 million debt reduction, $100 million property sales, and leasing improvements. The article highlights both positive and negative aspects of FSP's performance, indicating a moderately noticeable influence on future operations.

29 Oct

4

Franklin Street Properties Corp. announced its third quarter 2024 results, including leasing activity, property dispositions, debt repayments, and financial highlights. The article discusses significant property dispositions, debt reductions, and leasing activity that are likely to have a major impact on FSP's future performance.

21 Oct

3

FSP will announce Q3 2024 results on October 29, with a conference call scheduled for October 30. The announcement of Q3 results may moderately influence FSP's financial performance and market sentiment.

20 Oct

3

Franklin Street Properties Corp. (FSP) ranks among the worst performing REITs in 2024 due to a year-to-date decline of 34.75%. The company focuses on infill and central business district office properties in the US Sunbelt and Mountain West. The article discusses the potential impact of Fed rate cuts on the real estate sector and highlights Franklin Street Properties Corp.'s leasing activities and strategic plans, which may moderately influence its future performance.

1 Aug

3 transcript

Franklin Street Properties Corp. reported Q2 2024 earnings, with FFO of $3.7 million and a GAAP net loss of $21 million. They sold a property in Virginia for $31 million. Leasing activity remains slow but positive progress is seen in some markets. The article discusses the company's financial performance, property dispositions, and leasing activity, which may moderately influence its future trajectory.

stockrow.com/FSP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com