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 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Franklin Street Properties Corp. reports solid Q4 performance and debt reduction focus

Franklin Street Properties Corp. delivered a solid performance in Q4 2022, focusing on debt reduction and property dispositions.
While facing challenges such as slowed property dispositions and high debt levels, the company demonstrated strength in financial management.
Opportunities lie in exploring additional property dispositions, improving leasing activity, and optimizing the portfolio mix.
Overall, Franklin Street Properties Corp. remains committed to enhancing shareholder value through prudent financial strategies.

Franklin Street Properties Corp. reports strong Q1 earnings and growth strategies

Franklin Street Properties Corp. delivered solid financial performance in Q1 '23, driven by property sales gains and a focus on debt reduction.
Despite challenges in the office property sales market, the company's proactive approach to increasing shareholder value through leasing and debt reduction is commendable.
Opportunities for growth and value creation exist through increased leasing activity and strategic initiatives aimed at optimizing the company's portfolio.

Franklin Street Properties Corp. focuses on debt reduction and value realization in Q2 earnings call

Franklin Street Properties Corp. reported steady leasing activity and a focus on debt reduction through asset sales. Challenges in the office property market were noted, prompting strategic actions for value realization. The company's proactive approach to financial management presents opportunities for unlocking hidden value and improving shareholder returns.

Franklin Street Properties Corp. reports mixed Q3 results, focuses on debt reduction and property value

FSP's Q3 performance showed mixed results with a focus on debt reduction and property value enhancement.
Leasing activities have been strong, but challenges remain in portfolio occupancy and debt levels.
Opportunities lie in growing tenant interest, strategic property sales, and continued debt reduction efforts.

Franklin Street Properties Corp. reports solid Q4 performance and outlook

Franklin Street Properties Corp. delivered a solid operational performance in Q4 2023, with a focus on debt reduction and asset management.
While facing challenges in full-year net income, the company remains optimistic about future growth and stability.
Strategic financial management, asset optimization, and operational efficiency are key areas for capitalizing on opportunities and addressing challenges.

Franklin Street Properties Corp. reports mixed Q1 results and eyes growth opportunities

Franklin Street Properties Corp. faced challenges in property dispositions and accessing capital, but showed strength in leasing activity. Market uncertainties persist, but opportunities for growth through leasing improvements and property conversions are on the horizon.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Americold Realty

DigitalBridge Group

Empire State Realty Trust

Farmland Partners

Industrial Logistics Properties

Iron Mountain

PotlatchDeltic

iStar Inc

Urban Edge Properties

Welltower

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

Agree Realty

Alexandria Real Estate Equities

Brixmor Property Group

City Office REIT

Equity LifeStyle Properties

Hudson Pacific Properties

Invesco KBW Premium Yield Equity REIT ETF

Mid-America Apartment Communities

Medical Properties Trust

National Retail Properties

Realty Income Corp

Prologis

Rexford Industrial Realty

Sun Communities

Terreno Realty

Vanguard Real Estate ETF

Wheeler Real Estate Investment Trust

W. P. Carey

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

Ashford Hospitality Trust

American Tower

Crown Castle International

Global Net Lease

Power REIT

Necessity Retail REIT

SBA Communications

AT&T

Uniti Group

Verizon

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

REITs Smacked Down

American Assets

Armada Hoffler Properties

Alexander's

Alpine Global Premier Properties Fund

Brookfield Asset Management

Brandywine Realty

Cambria Global Real Estate ETF

Boston Properties

CIM Commercial Trust

Cousins Properties

Easterly Government Properties

Douglas Emmett

Elme Communities

Equity Commonwealth

Invesco S&P 500 Equal Weight Real Estate ETF

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

FlexShares Global Quality Real Estate Index Fund

Xtrackers International Real Estate ETF

Highwoods Properties

Hoya Capital Housing ETF

The new pariah of the commercial real estate sector, Office REITs, have remained in free-fall in recent months, plunging another 30% this year following a plunge of nearly 40% last year. Just how bad is it? The surge in interest rates has turned a weak-but-manageable situation into a bleak one, but there is more nuance than what the prevailing narrative would suggest.

Office REITs: The New Malls

JBG SMITH Properties

Declining cash flows at several big office landlords might be the next big worry for embattled office properties.

Office REITs with this falling profitability metric are a worrying sign: Barclays

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

Franklin Street Properties (FSP) came out with quarterly funds from operations (FFO) of $0.08 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to FFO of $0.11 per share a year ago.

Franklin Street Properties (FSP) Q1 FFO and Revenues 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 first quarter ended March 31, 2023. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the second 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 First 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 first quarter 2023 after the market closes on Tuesday, May 2, 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, May 3, 2023. To access the call, please dial 1-833-470-1428 and use access c.

Franklin Street Properties Corp. to Announce First Quarter 2023 Results

Office Properties Income Trust

WeWork

Xinyuan Real Estate Co Ltd

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains In April - Franklin Street Props (AMEX:FSP), Industrial Logistics (NASDAQ:ILPT)

JPMorgan BetaBuilders MSCI US REIT ETF

Diversified Healthcare Trust

Goldman Sachs Future Real Estate And Infrastructure Equity ETF

Home Appreciation US REIT ETF

iShares Cohen & Steers REIT ETF

Pacer Benchmark Industrial Real Estate SCTR ETF

iShares U.S. Real Estate ETF

Janus Henderson U.S. Real Estate ETF

NETLease Corporate Real Estate ETF

Nuveen Short-Term REIT ETF

US Diversified Real Estate ETF

Invesco Active US Real Estate

ALPS Active REIT ETF

Strategic Residential & Apartment Real Estate ETF

iShares Residential Real Estate ETF

Hoya Capital High Dividend Yield ETF

ETFB Green SRI REITs ETF

IQ US Real Estate Small Cap ETF

SPDR Dow Jones REIT ETF

The REIT sector fell again in March with a -6.11% total return. Large cap (-1.99%) and mid cap (-4.56%) REITs saw modestly negative total returns in March, while small caps (-6.76%) and micro caps (-15.50%) were deeper in the red.

The State Of REITs: April 2023 Edition

News for Franklin Street Properties Corp. Stock (FSP)