Franklin Street Properties Corp. | REIT Profile

Symbol: FSP
CIK: 1031316
Exchange: NYSE
Founded: 1997 (28 years)
HQ: Wakefield, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Office

See FSP on Yahoo Finance
See FSP on SEC.gov

Website Logo  Linkedin Logo  RSS Logo 

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.


Franklin Street Properties Corp. Company Logo

Stock Chart

See in Advanced Graph View

REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Previous Close Volume Change $ Change %
$1.80 $1.80 $1.74 $1.75 $1.75 229,290 $0.05 2.86%

Last update: 2025-06-13 12:57:55 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 5.2

Dividend of Trading Day 2025-06-13


Dividend Yield: 2.22%*
Annualized Dividend: $0.04*
Dividend Yield (TTM): 2.3%
Annualized Dividend (TTM): $0.04
Ex-Dividend Date: 2025-04-17
Dividend Date: 2025-05-08
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 REIT Press Releases


See more Press Releases for Franklin Street Properties Corp.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for FSP.

Year Quarter Type Amount Dividend Paid Payout Ratio
2024 Q4 AFFO $--- $--- ---%
2024 Q4 FFO $--- $--- ---%
2024 Q3 FFO $--- $--- ---%
2024 Q3 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day 2025-06-13


Market Capitalization: $181,242,000 [?]
EBITDA: $34,979,000 [?]
P/E (Price-to-Earnings) Ratio: N/A [?]
PEG (Price/Earnings to Growth) Ratio: N/A [?]
Book Value: 6.12 [?]
Dividend Per Share (DPS): $0.04 [?]
Earnings Per Share (EPS): -0.63 [?]
Revenue Per Share (TTM): $1.12 [?]
Profit Margin: -57.40% [?]
Operating Margin (TTM): -9.80% [?]
Return on Assets (TTM): -0.48% [?]
Return on Equity (TTM): -10.00% [?]
Revenue (TTM): $115,994,000 [?]
Gross Profit (TTM): $49,726,000 [?]
Diluted EPS (TTM): $-0.63 [?]
Quarterly Earnings Growth YOY: 317.60% [?]
Quarterly Revenue Growth YOY: -13.20% [?]
Trailing P/E: N/A [?]
Forward P/E: 256.41 [?]
Beta: 0.91 [?]
Price-to-Sales Ratio (TTM): 1.56 [?]
Price-to-Book (P/B): 0.29 [?]
Enterprise Value (EV) to Revenue: 3.49 [?]
EV to EBITDA: 69.61x [?]
Shares Outstanding: 103,567,000 [?]
52 Week High: $2.18 [?]
52 Week Low: $1.35 [?]
50 Day Moving Average: $1.66 [?]
200 Day Moving Average: $1.78 [?]

Properties Owned by FSP


FSP Sample Property

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

Occupancy Rate


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 @ $1.56 per share you would have been able to buy 641 shares of FSP on 2024-06-14 costing $999.96 @ $1.56 per share you would have been able to buy 320 shares of FSP on 2024-06-14 costing $499.20 @ $1.56 per share you would have been able to buy 160 shares of FSP on 2024-06-14 costing $249.60 @ $1.56 per share you would have been able to buy 64 shares of FSP on 2024-06-14 costing $99.84 @ $1.56 per share you would have been able to buy 32 shares of FSP on 2024-06-14 costing $49.92
Current worth On 2025-06-13 these 641 shares would be worth $1,115.34 @ $1.74 On 2025-06-13 these 320 shares would be worth $556.80 @ $1.74 On 2025-06-13 these 160 shares would be worth $278.40 @ $1.74 On 2025-06-13 these 64 shares would be worth $111.36 @ $1.74 On 2025-06-13 these 32 shares would be worth $55.68 @ $1.74
Dividends earned $25.64 in dividends would have been earned since 2024-06-14 with 641 shares. $13 in dividends would have been earned since 2024-06-14 with 320 shares. $6.40 in dividends would have been earned since 2024-06-14 with 160 shares. $2.56 in dividends would have been earned since 2024-06-14 with 64 shares. $1.28 in dividends would have been earned since 2024-06-14 with 320 shares.
Net (gain / loss)* 141.02 USD 70.40 USD 35.20 USD 14.08 USD 7.04 USD
ROI** 14.10% 14.10% 14.10% 14.10% 14.10%

*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 2025-04-17 0.010 --- 2025-04-07 2025-04-17 2025-05-08
FSP 2025-01-24 0.010 --- 2025-01-10 2025-01-24 2025-02-13
FSP 2024-10-18 0.010 --- 2024-10-04 2024-10-18 2024-11-07
FSP 2024-07-19 0.010 --- 2024-07-05 2024-07-19 2024-08-08
FSP 2024-04-18 0.010 --- 2024-04-05 2024-04-19 2024-05-09
FSP 2024-01-25 0.010 --- 2024-01-12 2024-01-26 2024-02-15
FSP 2023-10-19 0.010 --- 2023-10-06 2023-10-20 2023-11-09
FSP 2023-07-20 0.010 --- 2023-07-07 2023-07-21 2023-08-10
FSP 2023-04-20 0.010 --- 2023-04-07 2023-04-21 2023-05-11
FSP 2023-01-26 0.010 --- 2023-01-13 2023-01-27 2023-02-16
FSP 2022-10-20 0.010 --- 2022-10-07 2022-10-21 2022-11-10
FSP 2022-07-18 0.010 -88.51% 2022-07-05 2022-07-19 2022-08-11

Financial Statements Overview


The next Earnings Report for FSP is

Balance Sheet | Quarterly


Assets 2025-03-31 2024-12-31 QoQ
Current Assets
  Cash and Cash Equivalents at Carrying Value 31,559,000 41,121,000
  Short-Term Investments 0 1,562,000
  Cash and Short Term Investments 31,559,000 41,121,000
  Current Net Receivables 39,186,000 0
  Inventory 0 0
  Other Current Assets 0 0
  Total Current Assets 70,745,000 81,693,000 -13.4%
Non-Current Assets
  Property Plant Equipment 0 0
  Accumulated Depreciation Amortization PPE 0 0
  Long-Term Investments 0 0
  Investments 0 0
  Intangible Assets Excluding Goodwill 0 0
  Goodwill 0 0
  Intangible Assets 0 0
  Other Non-Current Assets 0 0
  Total Non-Current Assets 839,936,000 865,238,000 -2.9%
  Total Assets 916,366,000 946,931,000 -3.2%
Liabilities
Current Liabilities
  Current Accounts Payable 0 0
  Deferred Revenue 0 0
  Current Debt 0 0
  Short-Term Debt 0 0
  Current Long-Term Debt 0 0
  Short Long-Term Debt Total 0 247,628,000
  Other Current Liabilities 0 34,067,000
  Total Current Liabilities 27,510,000 34,067,000 -19.2%
Non-Current Liabilities
  Long-Term Debt Noncurrent 0 0
  Long-Term Debt 247,456,000 246,921,000
  Capital Lease Obligations 612,000 707,000
  Other Non-Current Liabilities 6,197,000 6,282,000
  Total Non-Current Liabilities 255,470,000 257,007,000
  Total Liabilities 282,980,000 291,074,000 -2.8%
Shareholders' Equity
  Common Stock 10,000 10,000
  Common Stock Shares Outstanding 103,567,000 103,567,000
  Treasury Stock 0 0
  Retained Earnings -701,985,000 -679,514,000
  Total Shareholder Equity 633,386,000 655,857,000 -3.4%

Amounts in USD ($)

Income Statement | Quarterly


2025-03-31 2024-12-31 QoQ
Total Revenue 27,107,000 28,375,000 -4.5%
  Cost of Revenue   5,369,000   16,964,000
  Cost of Goods and Services Sold   5,369,000   16,964,000
Gross Profit 21,738,000 11,411,000 90.5%
  Research and Development   0   0
  Selling General and Administrative   3,484,000   2,815,000
  Depreciation   0   0
  Depreciation and Amortization   10,824,000   11,458,000
  Operating Expenses   4,726,000   13,571,000
Operating Income 17,012,000 -2,160,000 -887.6%
  EBIT (Earnings Before Interest and Tax)   -2,665,000   -2,561,000
  Investment Income Net   0   0
  Net Interest Income   -5,432,000   -5,517,000
  Interest Income   259,000   394,000
  Interest Expense   5,691,000   5,911,000
  Interest and Debt Expense   0   0
  Non Interest Income   0   0
  Other Non Operating Income   0   0
Income Before Tax -21,435,000 -8,472,000 153.0%
  Income Tax Expense 0 54,000
Net Income from Continuing Operations -21,435,000 -8,526,000
Net Income -21,435,000 -8,526,000 151.4%
Comprehensive Income Net of Tax 0 0
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) 8,159,000 8,897,000

Amounts in USD ($)

Cash Flow | Quarterly


Cash Flows from Operating Activities 2025-03-31 2024-12-31 QoQ
  Net Income -21,435,000 -8,526,000 151.4%
  Depreciation, Depletion, and Amortization 11,509,000 11,458,000
  Change in Receivables 0 0
  Change in Inventory 0 0
  Change in Operating Assets 0 0
  Change in Operating Liabilities 0 0
  Payments for Operating Activities 0 0
  Proceeds from Operating Activities 0 0
  Profit Loss 0 0
  Net Cash Provided by Operating Activities -5,481,000 2,251,000 -343.5%
Cash Flows from Investing Activities
  Capital Expenditures 4,454,000 6,139,000
  Net Cash Used in Investing Activities 0 0
Cash Flows from Financing Activities
  Proceeds from Issuance of Common Stock 0 0
  Proceeds from Issuance of Preferred Stock 0 0
  Proceeds from Issuance of Long-Term Debt 0 0
  Proceeds from Repurchase of Equity 0 0
  Proceeds from Sale of Treasury Stock 0 0
  Repayment of Short-Term Debt 0 0
  Payments for Repurchase of Common Stock 0 0
  Payments for Repurchase of Preferred Stock 0 0
  Payments for Repurchase of Equity 0 0
  Dividend Payout 1,036,000 1,036,000
  Dividend Payout - Common Stock 1,036,000 1,036,000
  Dividend Payout - Preferred Stock 0 0
  Net Cash Provided by Financing Activities -1,189,000 -28,392,000 -95.8%
Other Items
  Effect of Exchange Rate on Cash 0 0
  Net Increase in Cash and Cash Equivalents 0 0

Amounts in USD ($)

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.1
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 8.0
1 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 9.4
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.5
Rating Leverage Section Avg. Rating
9 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
6 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.5
7 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.5
2 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.1
2 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 5.9
Rating Properties Section Avg. Rating
5 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.8
3 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.7
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.1
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.4
5.2 Overall REITRating™ Score (See trend) 6.6

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.

REITProperty


Below are some of the properties owned by this FSP. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Dominion Towers Office 600 17th Street Denver CO
1001 17th Street Office 1001 17th Street Denver CO
1999 Broadway Office 1999 Broadway Denver CO

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Vornado Realty Trust (VNO) 6.1 NYSE Mid-Cap Diversified Residential Office United States
Highwoods Properties, Inc. (HIW) 7.1 NYSE Mid-Cap Office Industrial Retail United States
Brandywine Realty Trust (BDN) 6.5 NYSE Small-Cap Office Residential United States
LXP Industrial Trust (LXP) 8.2 NYSE Mid-Cap Industrial United States

Last updated: 2025-06-14 - v6.3