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Franklin Street Properties Corp. logo

Franklin Street Properties Corp.

FSP

AMEXReal EstateREIT - Office

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Previous close

$0.435

−$0.0111 · -2.49%

Aug 21, 4:00 PM ET

FSP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

27

Weakening

Sentiment

52

Mixed

Risk resilience

30

High Risk

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Company profile

Company website

Franklin Street Properties Corp. (FSP), a company based in Wakefield, Massachusetts, specializes in acquiring and developing office real estate. Its investment focus centers on properties within central business districts (CBDs) and other dense urban "infill" locations across the U.S. Sunbelt and Mountain West areas, as well as carefully selected emerging markets. FSP adopts a value-oriented investment approach, aiming to secure assets that promise both significant long-term growth and capital appreciation, alongside reliable current income. As a Maryland corporation, the firm is structured and managed to meet the necessary criteria for classification as a Real Estate Investment Trust (REIT) under federal income tax law.

Industry
REIT - Office
Sector
Real Estate
Headquarters
US
CEO
George John Carter
Listed since
Jun 2, 2005
Employees
28

Market position

Day range

Current $0.435

52-week range

Current $0.435

Open
$0.4467
Previous close
$0.4461
Volume
171.66K
0.32× average
Average volume
537.4K
Average daily volume
Market cap
45.25M USD
Beta
0.84
Market reference 1
50-day average
$0.502
-13.35% below average
200-day average
$0.7064
-38.42% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
316.01M USD
P/E (TTM)
-1.09×
P/B (TTM)
0.08×
P/S (TTM)
0.43×
EV / EBITDA
14.01×
Earnings yield
-45.87%
Free cash flow yield
-12.92%
Dividend yield
6.90%

Profitability & efficiency

Gross margin
54.39%
Operating margin
-1.81%
Net margin
-39.45%
Return on equity
-7.41%
Return on assets
-5.04%
Return on invested capital
-0.94%

Financial health

Debt / equity
0.44×
Current ratio
2.43×
Altman Z-score
-1.03
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends61%23%-15%-53%Gross margin, FY2021: 51.31%Gross margin, FY2022: 47.20%Gross margin, FY2023: 46.51%Gross margin, FY2024: 43.59%Gross margin, FY2025: 43.78%Operating margin, FY2021: 6.20%Operating margin, FY2022: 0.29%Operating margin, FY2023: -0.68%Operating margin, FY2024: -5.25%Operating margin, FY2025: -7.58%Net margin, FY2021: 44.29%Net margin, FY2022: 0.66%Net margin, FY2023: -33.02%Net margin, FY2024: -43.89%Net margin, FY2025: -41.96%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 51.31%. Gross margin FY2022 47.20%. Gross margin FY2023 46.51%. Gross margin FY2024 43.59%. Gross margin FY2025 43.78%. Operating margin FY2021 6.20%. Operating margin FY2022 0.29%. Operating margin FY2023 -0.68%. Operating margin FY2024 -5.25%. Operating margin FY2025 -7.58%. Net margin FY2021 44.29%. Net margin FY2022 0.66%. Net margin FY2023 -33.02%. Net margin FY2024 -43.89%. Net margin FY2025 -41.96%.

Income trends

Revenue

107.16M USD-10.78%

Operating income

−8.13M USD-28.87%

Net income

−44.96M USD+14.72%
Income trends across reported periods235.57M USD130.73M USD25.9M USD−78.93M USDRevenue, FY2021: 209.36M USDRevenue, FY2022: 165.62M USDRevenue, FY2023: 145.71M USDRevenue, FY2024: 120.11M USDRevenue, FY2025: 107.16M USDOperating income, FY2021: 12.97M USDOperating income, FY2022: 482K USDOperating income, FY2023: −984K USDOperating income, FY2024: −6.31M USDOperating income, FY2025: −8.13M USDNet income, FY2021: 92.72M USDNet income, FY2022: 1.09M USDNet income, FY2023: −48.11M USDNet income, FY2024: −52.72M USDNet income, FY2025: −44.96M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 209.36M USD. Revenue FY2022 165.62M USD. Revenue FY2023 145.71M USD. Revenue FY2024 120.11M USD. Revenue FY2025 107.16M USD. Operating income FY2021 12.97M USD. Operating income FY2022 482K USD. Operating income FY2023 −984K USD. Operating income FY2024 −6.31M USD. Operating income FY2025 −8.13M USD. Net income FY2021 92.72M USD. Net income FY2022 1.09M USD. Net income FY2023 −48.11M USD. Net income FY2024 −52.72M USD. Net income FY2025 −44.96M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue107.16M USD120.11M USD145.71M USD165.62M USD209.36M USD
Cost of goods sold60.25M USD67.76M USD77.93M USD87.44M USD101.94M USD
Gross profit46.91M USD52.35M USD67.78M USD78.18M USD107.42M USD
Selling, general, and administrative12.43M USD13.88M USD14.02M USD13.89M USD15.9M USD
Operating expenses55.04M USD58.66M USD68.76M USD77.69M USD94.44M USD
Interest income986K USD2.09M USD567K USD——
Interest expense24.72M USD26.42M USD24.32M USD22.81M USD32.27M USD
Depreciation and amortization42.61M USD47.73M USD57.2M USD65.58M USD81.01M USD
Operating income−8.13M USD−6.31M USD−984K USD482K USD12.97M USD
Net income−44.96M USD−52.72M USD−48.11M USD1.09M USD92.72M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

12 ratings
Strong buy00%
Buy542%
Hold433%
Sell325%
Strong sell00%

FSP peers

Sachem Capital Corp. 8.00% Note logo

SCCG

Sachem Capital Corp. 8.00% Note

$24.64

+0.04%

Sachem Capital Corp. 7.125% Not logo

SCCF

Sachem Capital Corp. 7.125% Not

$24.57

0.00%

Sachem Capital Corp. 6.00% Notes Due 2026 logo

SCCD

Sachem Capital Corp. 6.00% Notes Due 2026

$24.85

-0.56%

Sachem Capital Corp. 6.00% Note logo

SCCE

Sachem Capital Corp. 6.00% Note

$24.54

0.00%

Empire State Realty OP, L.P. logo

ESBA

Empire State Realty OP, L.P.

$4.70

+0.97%

Empire State Realty OP, L.P. logo

OGCP

Empire State Realty OP, L.P.

$4.74

-0.21%

ETFs holding FSP

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.22M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
417.06K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Cambria Global Real Estate ETF logoCambria Global Real Estate ETFBLDG
Market value
395.52K
Weight
0.71%
AUM
55.42M USD
Expense ratio
0.59%
Price / 1D
$26.93-0.54%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
176.89K
Weight
0.00%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
Invesco RAFI US 1500 Small-Mid ETF logoInvesco RAFI US 1500 Small-Mid ETFPRFZ
Market value
28.02K
Weight
0.00%
AUM
2.87B USD
Expense ratio
0.34%
Price / 1D
$55.89+0.87%
First Trust S&P REIT Index Fund logoFirst Trust S&P REIT Index FundFRI
Market value
5.14K
Weight
—
AUM
198.59M USD
Expense ratio
0.51%
Price / 1D
$32.025-0.11%

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