Franklin Street Properties Corp.

Franklin Street Properties Corp. is an investment company, which specializes and focuses on the asset class of real estate. It operates through the Real Estate Operations segment, which is involved in real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development. The company was founded by George J. Carter in January 1997 and is headquartered in Wakefield, MA.

Earnings data Q1 2024

FSP reports strong Q1 earnings, focuses on property dispositions

FSP's Q1 2023 performance reflects a strong foundation with positive leasing metrics and a strategic focus on enhancing shareholder value. While challenges in the office property sales market were acknowledged, the company's proactive approach to property dispositions and debt reduction positions it well for future growth.

FSP reports steady Q2 FFO, explores property dispositions and leasing opportunities

FSP's Q2 performance reflects steady FFO and a strategic focus on unlocking real estate value through dispositions and leasing efforts. While challenges exist in the office property sales market, successful lease agreements and potential property sales present opportunities for the company.

FSP reports mixed Q3 results, focuses on debt reduction and leasing opportunities

FSP's Q3 performance showed mixed results with a focus on debt reduction and property dispositions. While facing challenges with net losses and dividend constraints, the company has opportunities for revenue growth through leasing activities and potential property renewals.

Franklin Street Properties Corp. reports solid Q4 performance and growth outlook

FSP's Q4 earnings call highlighted strong financial performance, debt reduction efforts, and improvements in leasing activities. Challenges in property sales and upcoming lease expirations require careful navigation. The company's focus on maximizing shareholder value and positive outlook for 2024 signal resilience and growth potential.

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Franklin Street Properties Corp. is an investment company, which engages in the operation of real estate. It operates through the Real Estate Operations segment. The Real Estate Operation segment is involved in real estate rental operations, leasing, secured financing of real estate, and services provided for asset management, property management, property acquisitions, dispositions and development. The company was founded by George J. Carter in January 1997 and is headquartered in Wakefield, MA.

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OUTFRONT Media

REITs bounced back from a rough start to the year with a strong +3.26% average total return in March. Mid cap (+5.04%), small cap (+3.90%) and large cap REITs (+2.32%) averaged gains in March, while micro caps (-0.32%) saw yet another month in the red. 78.06% of REIT securities had a positive total return in March.

The State Of REITs: April 2024 Edition

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a quarterly dividend of $0.01 per share of common stock for the period January 1, 2024 through March 31, 2024, payable on May 9, 2024 to stockholders of record as of April 19, 2024. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be importan.

Franklin Street Properties Corp. Declares Quarterly Dividend

Franklin Street Properties Corp. (FSP) Q4 2023 Earnings Call Transcript

Franklin Street Properties (FSP) came out with quarterly funds from operations (FFO) of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.10 per share a year ago.

Franklin Street Properties (FSP) Q4 FFO Meet Estimates

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the fourth quarter and year ended December 31, 2023. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the first quarter of 2024 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate ass.

Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2023 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the fourth quarter and full year 2023 after the market closes on Monday, February 26, 2024. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Tuesday morning, February 27, 2024. To access the call, please dial 888-440.

Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2023 Results

FSP trading at an 8.8x multiple to its annualized third-quarter FFO is comparatively expensive against its 1.7% dividend yield and 74.8% lease rate. The office REIT is currently trading significantly below its $6.88 book value per share. 2024 is set to see $311 million of debt mature which will mean more asset sales if FSP is unable to refinance.

Franklin Street Properties: No Dividends And Wall Of Debt

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”) (NYSE American: FSP) announced today the tax composition of its 2023 distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of FSP distributions. Ticker Symbol: FSP               Common Stock (CUSIP # 35471R106)         2023               2023   2023   2023 Total       Unrecap.             Total   Taxable   Taxable   Capital   2023   Section     Record  .

Franklin Street Properties Corp. Announces Tax Composition of 2023 Distributions

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After the brutal sell-off of the last two years, REITs are poised for a surge. However, this upswing will not benefit all REITs equally. Cautious investors can now get about 5% with little or no risk, so why invest in a security yielding less than 5%, particularly if it has significant downside risk?

Hot Potatoes: 6 Potentially Overpriced REITs Yielding Less Than 5%

Franklin Street Properties reports further property sales in their Q3 release. Despite the decline in leased space, FSP still reports positive funds from operations and continues to pay quarterly dividends. FSP's ongoing efforts to sell properties and unlock shareholder value indicate that the stock is still undervalued.

Franklin Street Properties: Q3 Results In - Still Bullish

Franklin Street Properties Corporation (NYSE:FSP ) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - CEO & Chairman John Donahue - EVP & President, FSP Property Management LLC Jeff Carter - President & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Montgomery Scott Operator Good morning and welcome to the Franklin Street Properties Corp. Third Quarter 2023 Earnings Call. [Operator Instructions].

Franklin Street Properties Corporation (FSP) Q3 2023 Earnings Call Transcript

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the third quarter ended September 30, 2023. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the fourth quarter of 2023 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate assets. We.

Franklin Street Properties Corp. Announces Third Quarter 2023 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the third quarter 2023 after the market closes on Tuesday, November 7, 2023. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, November 8, 2023. To access the call, please dial 888-440-4368 and use.

Franklin Street Properties Corp. to Announce Third Quarter 2023 Results

Franklin Street Properties' common stock prices are trading much lower than the worth of its underlying assets. The decline in share prices is not isolated to FSP, but is industry-wide for office REITs due to the pandemic and increasing interest rates. FSP's estimated equity value is multiple times higher than its market share, providing investors with significant upside.

Franklin Street Properties: Still Cheap, Even After Reversal

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Many high-quality equity REITs are trading at substantial discounts on price-to-NAV ratios. REITs with good management teams should be able to gain a premium to NAV, but very few are achieving this currently. The amount of new apartment construction poses a risk, but some REITs are trading at unusually cheap price-to-NAV ratios.

6 Stellar REITs At Big Discounts To NAV

Franklin Street Properties Corp. (NYSE:FSP ) Q2 2023 Earnings Conference Call August 2, 2023 11:00 AM ET Company Participants Scott Carter - General Counsel John Demeritt - Chief Financial Officer George Carter - Chief Executive Officer John Donahue - President, FSP Property Management Jeff Carter - President and Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Montgomery Scott Craig Kucera - B. Riley Securities Operator Good morning, and welcome to the Franklin Street Properties Corp. Second Quarter 2023 Results Conference Call.

Franklin Street Properties Corp. (FSP) Q2 2023 Earnings Call Transcript

Franklin Street Properties (FSP) came out with quarterly funds from operations (FFO) of $0.07 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to FFO of $0.10 per share a year ago.

Franklin Street Properties (FSP) Q2 FFO Miss Estimates

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the second quarter ended June 30, 2023. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the third quarter of 2023 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate assets. We will.

Franklin Street Properties Corp. Announces Second Quarter 2023 Results

Franklin Street Properties is a beaten-down office REIT that owns 20 quality properties totaling 6.05 million square feet. FSP's office properties - located primarily in growing and attractive Sunbelt and Denver markets - are worth significantly more than the current market valuation of $91 / SF. Trading at multi-decade lows and at a significant discount to Book Value and peer valuations, FSP offers an asymmetric risk-reward opportunity.

Franklin Street Properties: Dirt Cheap Valuation Offers Significant Upside

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the second quarter 2023 after the market closes on Tuesday, August 1, 2023. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, August 2, 2023. To access the call, please dial 888-440-4368 and use con.

Franklin Street Properties Corp. to Announce Second Quarter 2023 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it entered into a lease amendment with existing tenant, Kaiser Foundation Health Plan, Inc., at its Greenwood Plaza property in Englewood, Colorado. The lease amendment extends the term applicable to all of Kaiser's approximately 121,000 square foot premises by 5 years, from May 31, 2024 to May 31, 2029. Additionally, we ent.

Franklin Street Properties Corp. Announces Leasing Activity

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The sector got pounded hard today. The biggest decliners fell over 10%.

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Franklin Street Properties Corporation (NYSE:FSP ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeff Carter - President & CIO Conference Call Participants Craig Kucera - B. Riley Securities Operator Good morning.

Franklin Street Properties Corporation (FSP) Q1 2023 Earnings Call Transcript

News for Franklin Street Properties Corp. Stock (FSP)