Franklin Street Properties (FSP) AI Stock Analysis

• Market Cap: $125.47M
• Dividend Yield: 3.31%
• Average Volume (3M): 527.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: -14.68%
• EPS Growth: -13.53%
• Country: US
• Employees: 28
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): -0.08
• Shares Outstanding: 103,690,340
• 10 Day Avg. Volume: 721,229
• 30 Day Avg. Volume: 527,842
• PEG Ratio: -0.42
• Price to Book (P/B): 0.29
• Price to Sales (P/S): 1.58
• P/FCF Ratio: -11.67
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: $1.00 ▼(-29.08% Downside)

Franklin Street Properties is facing significant financial challenges, with declining revenues and profitability, and cash flow issues. Technical analysis indicates bearish momentum, with the stock trading below key moving averages and oversold conditions. The valuation is weak due to a negative P/E ratio, although the dividend yield is relatively high. These factors collectively suggest a high-risk investment.

Franklin Street Properties Business Overview & Revenue Model

Company Description

Franklin Street Properties (FSP) is a real estate investment trust (REIT) that primarily focuses on acquiring, managing, and leasing high-quality commercial office and industrial properties across the United States. The company operates in the sectors of real estate investment and property management, offering services that include property acquisition, leasing, and asset management. FSP's portfolio is strategically diversified across various markets to enhance its income-generating potential and reduce risk.

How the Company Makes Money

Franklin Street Properties generates revenue primarily through rental income from its portfolio of commercial properties. The company leases space to tenants, which provides a steady stream of cash flow. Additionally, FSP may engage in property sales or refinancing, contributing to its earnings through capital gains and interest income. The REIT structure allows FSP to benefit from favorable tax treatment, as it must distribute a significant portion of its taxable income to shareholders in the form of dividends. Key revenue streams also include property management fees and potentially development fees from new projects. Partnerships with local and national real estate firms may further enhance FSP's ability to acquire and manage properties effectively, contributing to its overall financial performance.

Franklin Street Properties Financial Statement Overview

Summary

Franklin Street Properties faces significant financial challenges, with declining revenues and persistent losses impacting profitability. The balance sheet shows a manageable level of debt, but negative return on equity and cash flow issues underscore the need for strategic improvements.

Income Statement

Franklin Street Properties has experienced declining revenue over recent years, with a TTM revenue growth rate of -3.55%. The company has struggled with profitability, as evidenced by a negative net profit margin of -47.78% and an EBIT margin of -14.56% in the TTM period. Despite a relatively stable gross profit margin of 51.99%, the negative margins indicate significant challenges in managing operational costs and achieving profitability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.40, indicating a manageable level of leverage. However, the return on equity is negative at -8.29%, reflecting ongoing losses. The equity ratio stands at 69.15%, suggesting a solid equity base relative to total assets, which provides some financial stability despite profitability issues.

Cash Flow

The cash flow statement reveals challenges in generating positive free cash flow, with a TTM free cash flow growth rate of -21.89%. The operating cash flow to net income ratio is 0.38, indicating that operating cash flow is insufficient to cover net losses. The negative free cash flow to net income ratio of -0.96 further highlights cash flow difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	109.50M	120.11M	145.71M	165.62M	209.36M	245.85M
Gross Profit	56.91M	52.35M	67.78M	78.17M	107.42M	130.52M
EBITDA	27.82M	38.47M	57.93M	63.14M	83.28M	79.50M
Net Income	-46.16M	-52.72M	-48.11M	1.09M	92.72M	32.62M
Balance Sheet
Total Assets	901.03M	946.93M	1.17B	1.24B	1.36B	1.79B
Cash, Cash Equivalents and Short-Term Investments	31.57M	41.12M	125.53M	3.74M	34.31M	2.65M
Total Debt	248.02M	247.63M	404.71M	413.01M	474.79M	921.54M
Total Liabilities	285.69M	291.07M	456.52M	472.93M	580.97M	1.03B
Stockholders Equity	615.34M	655.86M	712.80M	768.74M	783.20M	768.09M
Cash Flow
Free Cash Flow	-3.97M	-16.23M	-13.77M	-39.68M	-28.47M	-9.47M
Operating Cash Flow	2.17M	8.99M	17.87M	15.23M	36.36M	68.45M
Investing Cash Flow	19.94M	70.28M	113.64M	74.04M	505.47M	11.04M
Financing Cash Flow	-32.91M	-164.47M	-10.25M	-123.39M	-505.24M	-85.13M

Franklin Street Properties Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FSP, the sentiment is Negative. The current price of 1.41 is below the 20-day moving average (MA) of 1.46, below the 50-day MA of 1.57, and below the 200-day MA of 1.67, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 21.66 is Positive, neither overbought nor oversold. The STOCH value of 5.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FSP.

Franklin Street Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PDM	―	$1.00B	-14.22	-4.45%	6.21%	-1.23%	9.10%
CIO	―	$278.51M	-2.18	-17.53%	5.80%	-3.69%	-777.30%
ONL	―	$142.48M	―	-10.03%	6.32%	-15.14%	16.61%
BDN	―	$602.78M	-3.22	-19.17%	15.10%	-5.52%	40.27%
OPI	―	―	―	―	―	―	―
FSP	―	$125.47M	-2.72	-7.21%	3.31%	-14.68%	-13.53%

Franklin Street Properties Corporate Events

Franklin Street Properties Reports Q3 2025 Earnings

Franklin Street Properties Corp. is a real estate investment trust (REIT) that owns and operates a portfolio of commercial properties, primarily focusing on office buildings across the United States. The company is headquartered in Wakefield, Massachusetts.

Franklin Street Properties Appoints New Board Director

Franklin Street Properties Corp. announced that Bruce J. Schanzer resigned from its Board of Directors on October 9, 2025, without any disagreement regarding the company’s operations. Subsequently, the company appointed Jennifer Bitterman as a replacement director on October 15, 2025, under a cooperation agreement with Converium Capital and Erez Asset Management. Bitterman, with extensive experience in asset management and real estate, will also serve on the Audit and Compensation Committees. This move is part of a strategic alignment with key stakeholders and aims to ensure continued effective governance.

The most recent analyst rating on (FSP) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Franklin Street Properties stock, see the FSP Stock Forecast page.