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.

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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.

Franklin Street Properties Corporation. (NYSE:FSP ) Q3 2024 Earnings Conference Call October 30, 2024 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 & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Operator Good morning.

Franklin Street Properties Corporation (FSP) Q3 2024 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, 2024. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the fourth 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 assets. We.

Franklin Street Properties Corp. Announces Third Quarter 2024 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 2024 after the market closes on Tuesday, October 29, 2024. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, October 30, 2024. To access the call, please dial 888-440-4368 and use.

Franklin Street Properties Corp. to Announce Third Quarter 2024 Results

Franklin Street Properties is a REIT trading below book value, with stabilized prices after a significant decline and a current price of $1.60. Lower interest rates and a modest uptick in the commercial real estate market create favorable conditions for FSP, enhancing its income and refinancing flexibility. Using sale-price-multiples, FSP's real estate assets are valued at ~$0.89b, lower than the previous ~$1.09b estimate, but still indicating strong potential returns.

Franklin Street Properties: Buying Hand Over Fist

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 July 1, 2024 through September 30, 2024, payable on November 7, 2024 to stockholders of record as of October 18, 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.

Franklin Street Properties Corp. Declares Quarterly Dividend

Franklin Street Properties is a REIT trading massively below its estimated asset value. The company's stock price recovered slightly from recent lows. The company continues to focus on debt repayment through property sales, with a recent sale reducing debt by $25.3m.

Franklin Street Properties: Continuing On Its Course

Franklin Street Properties Corporation (NYSE:FSP ) Q2 2024 Earnings Conference Call July 31, 2024 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 & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Operator Thank you for standing by. My name is Danica, and I will be your conference operator today.

Franklin Street Properties Corporation (FSP) Q2 2024 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 second quarter ended June 30, 2024. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the third 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 assets. We will.

Franklin Street Properties Corp. Announces Second Quarter 2024 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 second quarter 2024 after the market closes on Tuesday, July 30, 2024. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, July 31, 2024. To access the call, please dial 888-440-4368 and use confe.

Franklin Street Properties Corp. to Announce Second Quarter 2024 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP) announced today that it has assessed the impact of Hurricane Beryl and its aftermath on its properties located in Texas. FSP's properties in Houston were minimally impacted by Hurricane Beryl, have power, and are fully operational and open for business. FSP's properties in Dallas were not impacted by Hurricane Beryl. The Company will provide updates in the event of a material change.

Franklin Street Properties Corp. Assesses Impact of Hurricane Beryl

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U.S. equity and bond markets staged a late-week rebound, erasing early-week declines prompted by disappointing Eurozone inflation data, after the crucial PCE inflation gauge posted its smallest increase of 2024. Posting a second week of modest declines following four-straight weekly gains, the S&P 500 finished lower by 0.4% on the week, but still notched its best month since February. Real estate equities also rebounded following steep declines in the prior week as a handful of REITs provided positive business updates ahead of the annual REITweek industry conference.

Eyes On The ECB

Franklin Street Properties Corp (NYSE:FSP ) Q1 2024 Results Conference Call May 1, 2024 11:00 AM ET Company Participants Scott Carter - Executive VP, General Counsel & Secretary John Demeritt - Executive VP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - Executive Vice President Jeffrey Carter - President & Chief Investment Officer Conference Call Participants Steve Dumanski - Janney Operator Good day, and welcome to the Franklin Street Properties Corp. First Quarter 2024 Results Conference Call. [Operator Instructions].

Franklin Street Properties Corp (FSP) Q1 2024 Earnings Call Transcript

Franklin Street Properties (FSP) came out with quarterly funds from operations (FFO) of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.08 per share a year ago.

Franklin Street Properties (FSP) Meets Q1 FFO 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, 2024. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the second 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 assets. We will.

Franklin Street Properties Corp. Announces First Quarter 2024 Results

Franklin Street Properties has extended all of its near-term debt maturities to 2026, and repaid $102 million of debt in February. The REIT is trading at a material discount to a disposition value of $837 million. FSP's value proposition has improved with a healthier maturity schedule, potential Fed rate cuts, and a low multiple to its annualized fourth-quarter FFO.

Franklin Street Properties: Positive Debt Extensions And Low Multiple (Rating Upgrade)

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 2024 after the market closes on Tuesday, April 30, 2024. 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 1, 2024. To access the call, please dial 888-440-4368 and use confere.

Franklin Street Properties Corp. to Announce First Quarter 2024 Results

Franklin Street Properties is a REIT focused on office properties in the U.S. that is currently trading below its book value. The company's stock price has declined by around 13% in the last few months, making it more attractive for investors. With a sweeping debt amendment the company shows an even healthier balance sheet with little to no risk of default.

Franklin Street Properties: Price Correction Creates Opportunity

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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

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

News for Franklin Street Properties Corp. Stock (FSP)