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Franklin Street Properties
(NYSE MKT:FSP)
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Rating:52Neutral
Price Target:
$0.41
▼(-0.24% Downside)
Action:Reiterated
Date:07/29/26
The score is primarily held back by weak financial performance (declining revenue and ongoing losses) and a negative longer-term technical trend (price below key moving averages). These are partly offset by improved balance-sheet flexibility and stronger TTM cash generation, plus a supportive asset-sale/deleveraging corporate event; valuation is mixed with a high dividend yield but losses that make P/E less informative.
Positive Factors
Meaningful Debt Reduction
Debt reduction materially lowers financing pressure and improves financial flexibility. A smaller debt burden can help preserve liquidity for leasing, property upkeep, and portfolio decisions over the next several quarters.
Negative Factors
Persistent Revenue Contraction
Sustained top-line contraction indicates pressure on the revenue base and limits the company’s ability to absorb fixed property and corporate costs. Without stabilization, weaker rental income can constrain reinvestment and operating recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Meaningful Debt Reduction
Debt reduction materially lowers financing pressure and improves financial flexibility. A smaller debt burden can help preserve liquidity for leasing, property upkeep, and portfolio decisions over the next several quarters.
Read all positive factors
Franklin Street Properties (FSP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$42.10M
Dividend Yield10%
Average Volume (3M)328.48K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth-5.02%
EPS Growth21.97%
CountryUS
Employees28
SectorGeneral
Sector StrengthN/A
IndustryREIT - Office
Share Statistics
EPS (TTM)-0.40
Shares Outstanding104,011,710
10 Day Avg. Volume395,924
30 Day Avg. Volume328,479
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.16
Price to Sales (P/S)0.91
P/FCF Ratio-7.74
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.32
Revenue Forecast (FY)$125.11M
Franklin Street Properties Business Overview & Revenue Model
Company Description
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 ur...
How the Company Makes Money
FSP primarily makes money by collecting contractual rental income from tenants leasing space in its office properties. Its revenue model is driven by (1) base rents under lease agreements, (2) reimbursements from tenants for property-level operati...
Franklin Street Properties Earnings Call Summary
Earnings Call Date:Apr 29, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Neutral
While Franklin Street Properties Corp. has made significant strides in reducing corporate debt and shows promise with a growing leasing pipeline and strong demand in Texas markets, the company faces challenges with a reported net loss and decreased leasing activity. The leasing decisions have been impacted by market volatility and macroeconomic factors, making the overall sentiment mixed.Positive Updates
Debt Reduction Success
Since initiating the disposition strategy in late 2020, Franklin Street Properties Corp. has completed approximately $1.1 billion in property sales, contributing to a nearly 75% reduction in corporate indebtedness.
Negative Updates
Net Loss Reported
A GAAP net loss of approximately $21.4 million or $0.21 per share was reported for the first quarter of 2025.
Read all updates
Q1-2025 Updates
Positive
Negative
Debt Reduction Success
Since initiating the disposition strategy in late 2020, Franklin Street Properties Corp. has completed approximately $1.1 billion in property sales, contributing to a nearly 75% reduction in corporate indebtedness.
Read all positive updates
Company Guidance
During the Franklin Street Properties Corp. first quarter 2025 earnings call, several key metrics and strategic directions were discussed. The company reported funds from operations (FFO) of approximately $2.7 million or $0.03 per share, alongside a GAAP net loss of around $21.4 million or $0.21 per share. Leasing activity showed a decline, with the directly owned portfolio being 69.2% leased, down from 70.3% at the end of the previous quarter, and economic occupancy at 67.7%, a decrease from 68.6%. Despite a challenging quarter, 60,000 square feet of leasing was finalized, consisting solely of renewals and expansions. The company is also tracking a pipeline of approximately 800,000 square feet of prospective new tenants and 400,000 square feet of potential renewals. Additionally, Franklin Street Properties is marketing about 1 million square feet for potential disposition, having completed $1.1 billion in property sales since 2020, which significantly reduced corporate indebtedness by nearly 75%. The company remains cautious of macroeconomic uncertainties affecting leasing and investment decisions but is optimistic about potential improvements in the coming quarters.Franklin Street Properties Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
63
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 105.92M | 107.16M | 120.11M | 145.71M | 165.62M | 209.36M |
| Gross Profit | 57.61M | 46.91M | 52.35M | 67.78M | 78.17M | 107.42M |
| EBITDA | 22.25M | 22.56M | 21.64M | 33.68M | 89.69M | 206.21M |
| Net Income | -41.78M | -44.96M | -52.72M | -48.11M | 1.09M | 92.72M |
Balance Sheet | ||||||
| Total Assets | 864.85M | 892.88M | 946.93M | 1.17B | 1.24B | 1.36B |
| Cash, Cash Equivalents and Short-Term Investments | 22.46M | 30.57M | 41.12M | 125.53M | 3.74M | 34.31M |
| Total Debt | 254.06M | 248.56M | 247.63M | 404.71M | 413.01M | 480.03M |
| Total Liabilities | 284.87M | 285.91M | 291.07M | 456.52M | 472.93M | 580.97M |
| Stockholders Equity | 579.99M | 606.98M | 655.86M | 712.80M | 768.74M | 783.20M |
Cash Flow | ||||||
| Free Cash Flow | 13.51M | -12.66M | -16.23M | -13.77M | -39.68M | -28.47M |
| Operating Cash Flow | 9.99M | 3.75M | 8.99M | 17.87M | 15.23M | 36.36M |
| Investing Cash Flow | -14.92M | -10.31M | 70.28M | 113.64M | 74.04M | 505.47M |
| Financing Cash Flow | -3.13M | -5.56M | -164.47M | -10.25M | -123.39M | -505.24M |
Franklin Street Properties Technical Analysis
Negative
0.41
Price Trends
0.47
Negative
0.53
Negative
0.68
Negative
Market Momentum
-0.02
Positive
35.61
Neutral
1.75
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 0.41 is below the 20-day moving average (MA) of 0.45, below the 50-day MA of 0.47, and below the 200-day MA of 0.68, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.61 is Neutral, neither overbought nor oversold. The STOCH value of 1.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FSP.
Franklin Street Properties Risk Analysis
Franklin Street Properties disclosed 28 risk factors in its most recent earnings report. Franklin Street Properties reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Franklin Street Properties Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $1.20B | -14.71 | -5.39% | ― | 0.70% | -17.55% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $42.10M | -1.00 | -6.97% | 9.09% | -5.02% | 21.97% | |
52 Neutral | $528.78M | -3.65 | -18.69% | 10.09% | 0.51% | 56.07% | |
50 Neutral | $107.22K | -4.03 | -40.90% | ― | -5.75% | -712.58% | |
49 Neutral | $162.58M | -1.66 | -14.88% | 3.08% | -6.53% | -20.91% |
* General Sector Average
FSP
Franklin Street Properties
0.40
-1.23
-75.46%
PDM
Piedmont Office
9.54
1.09
12.90%
BDN
Brandywine Realty
2.99
-0.83
-21.77%
OPI
Office Properties Income Trust
17.70
-16.15
-47.70%
ONL
Orion Office REIT
2.79
-0.09
-3.19%
Franklin Street Properties Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Franklin Street Properties Completes Colorado Office Asset Sale
Positive
Jul 13, 2026
On July 8, 2026, Franklin Street Properties’ subsidiary FSP Greenwood Plaza Corp. completed the sale of two office buildings totaling about 196,236 square feet in Englewood, Colorado, to University of Colorado Health for a gross purchase pri...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.