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Franklin Street Properties (FSP)
:FSP
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.2Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: -3.23%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant reduction in corporate debt and a growing pipeline of prospective tenants. However, challenges persist with a decline in leasing activity, lower occupancy rates, and a reported net loss.Company Guidance
In the first quarter of 2025, Franklin Street Properties Corp. reported funds from operations (FFO) of approximately $2.7 million, equating to $0.03 per share, and a GAAP net loss of about $21.4 million, or $0.21 per share. The company's directly owned portfolio was 69.2% leased, down from 70.3% at the end of the previous quarter, with economic occupancy at 67.7%. The quarter saw 60,000 square feet of leasing activity, all from renewals and expansions, with a forecast of continued instability in leasing activities throughout the year. The company is tracking approximately 800,000 square feet of prospective new tenants and 400,000 square feet in potential renewals. Scheduled lease expirations for 2025 total approximately 246,000 square feet, representing 5.1% of the directly owned portfolio. Franklin Street continues its disposition strategy, having sold $1.1 billion in properties since late 2020, reducing corporate debt by nearly 75%. The office market shows signs of stabilization, with national transaction volumes rising by 31% year-over-year in Q1 2025, although investment liquidity remains constrained.Significant Reduction in Corporate Indebtedness
Since late 2020, Franklin Street Properties has completed approximately $1.1 billion in property sales, contributing to a nearly 75% reduction in corporate indebtedness, enhancing financial flexibility.
Growth in National Office Transaction Volumes
National office transaction volumes rose by 22% in 2024 from the cyclical lows of 2023 and accelerated in the first quarter of 2025, finishing 31% higher year-over-year, indicating signs of stabilization.
Prospective Tenant Pipeline
FSP is tracking approximately 800,000 square feet of prospective new tenants, including 300,000 square feet of prospects on their shortlists, indicating potential for future leasing growth.
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FSP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 29, 2025 | $1.55 | $1.58 | +1.94% |
| Feb 11, 2025 | $1.82 | $1.93 | +6.04% |
| Oct 29, 2024 | $1.83 | $1.75 | -4.37% |
| Jul 30, 2024 | $1.78 | $1.71 | -3.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Franklin Street Properties (FSP) report earnings?
Franklin Street Properties (FSP) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Franklin Street Properties (FSP) earnings time?
Franklin Street Properties (FSP) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSP EPS forecast?
FSP EPS forecast for the fiscal quarter 2025 (Q2) is -0.07.
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