Franklin Street Properties Corp. | REIT Profile

Symbol: FSP
CIK: 1031316
Exchange: NYSE
Founded: 1997 (25 years)
HQ: Wakefield, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office

See FSP on Google Finance
See FSP on Yahoo Finance
See FSP on SEC.gov

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Overall Score: 5.8

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $6.12
Closing Price: $6.22
Price Change: 0.08 (1.303%)
Lowest Price: $6.07
Highest Price: $6.27

52-Week Low: $3.61
52-Week High: $6.27
52-Week Change: 53.44%

5 Day Price Change: 0.16%
1 Month Price Change: 9.07%
3 Month Price Change: 25.63%
6 Month Price Change: 26.15%
YTD Price Change: 3.19%
1 Year Price Change: 56.20%
2 Year Price Change: -6.51%
5 Year Price Change: -31.96%

Dividend of Trading Day January 14, 2022


Dividend Yield: 20.579%*
Annualized Dividend: $1.28*
Dividend Yield (TTM): 5.424%
Annualized Dividend (TTM): $0.3331
Ex-Dividend Date: 2021-10-21
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Franklin Street Properties Corp.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: N/A
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: 37
Debt to Equity Ratio (D/E): N/A
Profit Margin: N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: N/A
Market Capitalization: $657,035,550
Beta: 1.00
Latest Volume: 401,745
Avg. Total Volume: 583,175
Avg. 10-Day Volume: 522,831
Avg. 30-Day Volume: 583,175
TTM EPS: N/A
Shares Outstanding: 105,632,725
Float: N/A
50-Day Moving Avg.: $5.91
200-Day Moving Avg.: $4.99

Latest REIT Community Comments on #FSP


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Properties Owned by FSP


Properties Based on REIT's Official Presentation

Properties Types States Countries
34 1 11 1

Please visit REIT’s official webpage for the most up-to-date property list.

FSP Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



REITBOT
REITBOT™ Alert
The 2021-Q2 occupancy rate for this REIT seems low, make sure to compare it to other REITs in the same industry.

Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $8.38 per share you would have been able to buy 119 shares of FSP on 2021-01-16 costing $997.22 @ $8.38 per share you would have been able to buy 59 shares of FSP on 2021-01-16 costing $494.42 @ $8.38 per share you would have been able to buy 29 shares of FSP on 2021-01-16 costing $243.02 @ $8.38 per share you would have been able to buy 11 shares of FSP on 2021-01-16 costing $92.18 @ $8.38 per share you would have been able to buy 5 shares of FSP on 2021-01-16 costing $41.90
Current worth On 2022-01-14 these 119 shares would be worth $740.18 @ $6.22 On 2022-01-14 these 59 shares would be worth $366.98 @ $6.22 On 2022-01-14 these 29 shares would be worth $180.38 @ $6.22 On 2022-01-14 these 11 shares would be worth $68.42 @ $6.22 On 2022-01-14 these 5 shares would be worth $31.10 @ $6.22
Dividends earned $80.92 in dividends would have been earned since 2021-01-16 with 119 shares. $40 in dividends would have been earned since 2021-01-16 with 59 shares. $19.72 in dividends would have been earned since 2021-01-16 with 29 shares. $7.48 in dividends would have been earned since 2021-01-16 with 11 shares. $3.40 in dividends would have been earned since 2021-01-16 with 59 shares.
Net (gain / loss)* -176.12 USD -87.32 USD -42.92 USD -16.28 USD -7.40 USD
ROI** -17.66% -17.66% -17.66% -17.66% -17.66%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by FSP. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
FSP 2021-12-30 0.320 255.56% 2021-12-03 2021-12-31 2022-01-12
FSP 2021-10-21 0.090 --- 2021-10-08 2021-10-22 2021-11-11
FSP 2021-07-15 0.090 --- 2021-07-06 2021-07-16 2021-08-05
FSP 2021-04-15 0.090 --- 2021-04-02 2021-04-16 2021-05-07
FSP 2021-01-28 0.090 --- 2021-01-15 2021-01-29 2021-02-18
FSP 2020-10-22 0.090 --- 2020-10-09 2020-10-23 2020-11-12
FSP 2020-07-16 0.090 --- 2020-07-06 2020-07-17 2020-08-06
FSP 2020-04-16 0.090 --- 2020-04-03 2020-04-17 2020-05-07
FSP 2020-01-23 0.090 --- 2020-01-10 2020-01-24 2020-02-13
FSP 2019-10-24 0.090 --- 2019-10-11 2019-10-25 2019-11-14
FSP 2019-07-18 0.090 --- 2019-07-05 2019-07-19 2019-08-08
FSP 2019-04-18 0.090 --- 2019-04-05 2019-04-19 2019-05-09
FSP 2019-01-24 0.090 --- 2019-01-11 2019-01-25 2019-02-14
FSP 2018-10-18 0.090 --- 2018-10-05 2018-10-19 2018-11-08
FSP 2018-07-19 0.090 --- 2018-07-06 2018-07-20 2018-08-09
FSP 2018-04-19 0.090 -52.63% 2018-04-06 2018-04-20 2018-05-10
FSP 2018-01-18 0.190 --- 2018-01-05 2018-01-19 2018-02-08
FSP 2017-10-19 0.190 --- 2017-10-06 2017-10-20 2017-11-09
FSP 2017-07-19 0.190 --- 2017-07-07 2017-07-21 2017-08-10
FSP 2017-04-19 0.190 --- 2017-04-07 2017-04-21 2017-05-11

Financial Statements Overview


The next Earnings Report for FSP is 2022-02-15

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Current Cash 2,890,000 17,283,000 9,790,000 20,159,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 3,022,000 2,844,000
Property, Plant & Equipment Net 196,000 215,000 1,983,000 2,026,000
Goodwill 0 0 0 0
Intangible Assets 34,022,000 37,270,000 40,704,000 45,066,000
Other Assets 58,175,000 60,737,000 58,213,000 56,759,000
Net Tangible Assets 651,512,000 658,312,000 684,943,000 676,045,000
Total Assets 1,835,435,000 1,847,627,000 1,842,654,000 1,843,150,000
Accounts Payable 0 0 0 0
Liabilities (Other) 92,127,000 93,327,000 89,620,000 87,178,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 32,715,000 0
Long-term Debt 997,305,000 996,982,000 933,502,000 966,214,000
Total Liabilities 1,089,432,000 1,090,309,000 1,056,258,000 1,053,497,000
Minority Interest 0 0 0 0
Common Stock 107,328,199 107,269,201 107,269,201 107,231,155
Retained Earnings -588,181,000 -576,452,000 -565,727,000 -559,725,000
Treasury Stock 0 0 0 0
Capital Surplus 1,357,131,000 1,356,794,000 1,356,794,000 1,356,457,000
Shareholder Equity 746,003,000 757,318,000 786,396,000 789,653,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Total Revenue 58,607,000 62,874,000 69,225,000 75,360,000
Cost of Revenue 50,672,000 52,073,000 53,509,000 53,715,000
Gross Profit 7,935,000 10,801,000 15,716,000 21,645,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 53,765,000 54,850,000 56,166,000 56,879,000
Operating Income 4,842,000 8,024,000 13,059,000 18,481,000
Income Expense Net (Other) -6,853,000 -9,027,000 -9,307,000 -15,969,000
EBIT 4,842,000 8,024,000 13,059,000 18,481,000
Interest Income 6,853,000 9,027,000 9,307,000 15,969,000
Pretax Income -2,011,000 -1,003,000 3,752,000 2,512,000
Income Tax 64,000 68,000 104,000 113,000
Minority Interest 0 0 0 0
Net Income -2,075,000 -1,071,000 3,648,000 2,399,000
Net Income Basic -2,075,000 -1,071,000 3,648,000 2,399,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Net Income -2,075,000 -1,071,000 3,648,000 2,399,000
Depreciation 22,895,000 23,013,000 23,618,000 23,169,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -14,393,000 7,493,000 -10,369,000 7,059,000
Cash Flow 18,396,000 7,201,000 21,858,000 35,407,000
Capital Expenditures -23,135,000 -20,054,000 -22,841,000 -18,961,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -23,135,000 -20,054,000 -22,576,000 -18,696,000
Dividends Paid -9,654,000 -9,654,000 -9,650,000 -9,651,000
Net Borrowings 0 30,000,000 -1,000 -1,000
Cash Flow Financing -9,654,000 20,346,000 -9,651,000 -9,652,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Franklin Street Properties Corp.


Franklin Street Properties Corp. (NYSE American: FSP) is a real estate investment trust (REIT) based in Wakefield, MA, focused on central business district (CBD) and urban-infill office properties located in five markets that are core to us: Atlanta, Dallas, Denver, Houston, and Minneapolis. FSP believes that these five core markets have distinct drivers and advantages that have the potential to generate above average employment and population growth over time. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP’s primary real estate operations include property acquisitions and dispositions, leasing, development and asset management. FSP began operations in 1997 and became a publicly-traded company in June 2005.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
0 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
Rating AFFO & Efficiency Section Avg. Rating
4 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
5 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
4 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
6 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
4 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
6 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
5.8 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-16 - v2.8