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Franklin Street Properties Corp. is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust for federal income tax purposes. Franklin Street Properties Corp. is based in Wakefield, Massachusetts. Franklin Street Properties Corp. was incorporated 1981 in Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $107M | $25M | $-45M | $-13M | -7.4% | -10.8% | -14.7% |
| 2024 | $120M | $22M | $-53M | $-16M | -8.0% | -17.6% | 9.6% |
| 2023 | $146M | $34M | $-48M | $-14M | -6.7% | -12.0% | -4497.6% |
| 2022 | $166M | $90M | $1M | $-40M | 0.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 107.16 |
| Operating Revenue | 107.16 |
| Cost Of Revenue | 60.25 |
| Gross Profit | 46.91 |
| Operating Expense | 55.04 |
| Selling General And Administration | 12.43 |
| Total Expenses | 115.29 |
| Operating Income | -8.12 |
| EBITDA | 25.28 |
| Normalized EBITDA | 38.19 |
| EBIT | -20.05 |
| Interest Income | 0.99 |
| Interest Expense | 24.72 |
| Net Interest Income | -23.73 |
| Other Income Expense | -12.91 |
| Interest Income Non Operating | 0.99 |
| Interest Expense Non Operating | 24.72 |
| Net Non Operating Interest Income Expense | -23.73 |
| Pretax Income | -44.77 |
| Tax Provision | 0.19 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -2.71 |
| Net Income Continuous Operations | -44.96 |
| Net Income From Continuing And Discontinued Operation | -44.96 |
| Net Income From Continuing Operation Net Minority Interest | -44.96 |
| Net Income | -44.96 |
| Net Income Common Stockholders | -44.96 |
| Net Income Including Noncontrolling Interests | -44.96 |
| Normalized Income | -34.76 |
| Diluted NI Availto Com Stockholders | -44.96 |
| Basic Average Shares | 103.64 |
| Diluted Average Shares | 103.64 |
| Reconciled Depreciation | 45.33 |
| Reconciled Cost Of Revenue | 57.53 |
| Total Unusual Items | -12.91 |
| Total Unusual Items Excluding Goodwill | -12.91 |
| Earnings From Equity Interest Net Of Tax | - |
| Special Income Charges | -0.01 |
| Other Special Charges | 0.01 |
| Write Off | - |
| Restructuring And Mergern Acquisition | 0 |
| Gain On Sale Of Security | -12.90 |
| Depreciation Amortization Depletion Income Statement | 42.61 |
| Depreciation And Amortization In Income Statement | 42.61 |
| General And Administrative Expense | 12.43 |
| Other Gand A | 12.43 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Franklin Street Properties Corp.this co. | FSP | $57M | -1.27 | 0.09 | -7.4% | 10.89 |
| NLOP | NLOP | $177M | -1.22 | 0.60 | -49.4% | -0.85 |
| Strawberry Fields REIT, Inc. | STRW | $171M | 22.53 | 14.10 | 62.6% | 7.15 |
| Douglas Elliman Inc. | DOUG | $165M | 10.81 | 0.89 | 8.3% | 4.85 |
| Clipper Realty Inc. | CLPR |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $139M |
| -6.98 |
| -4.52 |
| 64.8% |
| 43.27 |
| ACRES Commercial Realty Corp. | ACR | $137M | 6.41 | 0.32 | 5.1% | - |
| Sunrise Realty Trust, Inc. | SUNS | $117M | 9.81 | 3.74 | 6.5% | 19.13 |
| RPT | RPT | $111M | 75.35 | 0.46 | 0.6% | - |
| Lument Finance Trust, Inc. | LFT | $56M | -20.25 | 0.34 | -1.7% | - |
| Peer Median | - | 8.11 | 0.53 | 5.8% | 7.15 | |