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.

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 2022 after the market closes on Tuesday, May 3, 2022. 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 4, 2022. To access the call, please dial 1-844-200-6205 and use access c

Franklin Street Properties Corp. to Announce First Quarter 2022 Results

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Franklin Street Properties has not performed well at all even as the worst of the COVID-19 pandemic draws slowly to an end.

Franklin Street Properties: Matters Continue To Worsen

Franklin Street Properties Corp. (FSP) CEO George Carter on Q4 2021 Results - Earnings Call Transcript

Franklin Street (FSP) delivered FFO and revenue surprises of -16.67% and 2.43%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street Properties (FSP) Lags Q4 FFO and Revenue 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, 2021. Significant Debt Reduction and New Revolving Line of Credit Improve Balance Sheet Flexibility for Future Growth Opportunities Between September 30, 2020 and December 31, 2021, we reduced total indebtedness by approximately 53%, from approximately $1.0 b

Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2021 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 2021 after the market closes on Tuesday, February 15, 2022. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, February 16, 2022. To access the call, please dial 1-84

Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2021 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), today announced the election of Milton P. Wilkins, Jr. to its Board of Directors (the “Board”), effective as of February 16, 2022. In addition, the Board appointed Mr. Wilkins to serve as a member of the Audit Committee, effective as of February 16, 2022. With the addition of Mr. Wilkins to the Board effective as of February 16, 2

Franklin Street Properties Corp. Elects New Director to Board of Directors

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”) (NYSE American: FSP) announced today the tax composition of its 2021 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)   Record Date Payable Date Total Distribution per Share 2021 Taxable Ordinary Dividend 2021 Taxable Qualified Dividend (1) 2021 Total Capital Gain Distributio

Franklin Street Properties Corp. Announces Tax Composition of 2021 Distributions

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a regular quarterly dividend of $0.09 per share of common stock for the period October 1, 2021 through December 31, 2021, payable on February 17, 2022 to stockholders of record as of January 28, 2022. At this time, FSP is also introducing property disposition guidance for full-year 2022 to be in the range of approximately $250 milli

Franklin Street Properties Corp. Declares Regular Quarterly Dividend and Introduces Property Disposition Guidance for Full-Year 2022

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a special cash dividend of $0.32 per share of common stock payable on January 12, 2022 to stockholders of record as of the close of business on December 31, 2021. The decision to declare a special dividend was a result of taxable gains realized on our previously disclosed dispositions of approximately $600 million of assets in the a

Franklin Street Properties Corp. Declares Special Cash Dividend

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today the completion of the sale of Meadow Point and 4807 Stonecroft in Chantilly, Virginia (together, the “Properties”) for aggregate gross proceeds of $40 million. George J. Carter, Chairman and Chief Executive Officer of FSP, commented as follows: “We are pleased to announce the completion of the sale of the Propertie

Franklin Street Properties Corp. Announces the Completion of the Sale of Meadow Point and 4807 Stonecroft in Chantilly, Virginia for Aggregate Gross Proceeds of $40 Million

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The office landlord reported earnings, which included a lot of portfolio activity. Investors clearly liked what they read, but should you?

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Franklin Street Properties has a persistent record of underperformance, making a long-term investment unattractive. Market reports and recent office transactions demonstrate the stock's massive discount to NAV.

Franklin Street Properties: Management Needs To Sell The Company

Franklin Street Properties Corp. (FSP) CEO George Carter on Q3 2021 Results - Earnings Call Transcript

Franklin Street (FSP) delivered FFO and revenue surprises of 7.69% and -0.64%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street Properties (FSP) Q3 FFO Top 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 third quarter ended September 30, 2021. Significant Debt Reduction Improves Balance Sheet Flexibility for Future Growth Opportunities Between September 30, 2020 and October 25, 2021, reduced total indebtedness by approximately 53%, from approximately $1.0 billion to approximately $475 million. Between

Franklin Street Properties Corp. Announces Third Quarter 2021 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 2021 after the market closes on Monday, November 8, 2021. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Tuesday morning, November 9, 2021. To access the call, please dial 1-800-464-8240. Internat

Franklin Street Properties Corp. to Announce Third Quarter 2021 Results

Given the current bull market in U.S. equities and general overvaluation, it's slim pickings for value investors nowadays. Commercial real estate appears to be one of the few investable sectors in the U.S. that may still offer some value.

Franklin Street Properties: A Real Estate Value Stock

Franklin Street Properties Corp. (FSP) CEO George Carter on Q2 2021 Results - Earnings Call Transcript

Franklin Street (FSP) delivered FFO and revenue surprises of -17.65% and 1.94%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street Properties (FSP) Misses Q2 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 second quarter ended June 30, 2021. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the second half of 2021 begins, FSP remains focused on its two previously stated primary objectives for full year 2021: strengthening the balance sheet through debt reduction and leasi

Franklin Street Properties Corp. Announces Second Quarter 2021 Results

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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 2021 after the market closes on Tuesday, August 3, 2021. 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 4, 2021. To access the call, please dial 1-800-464-8240. Internat

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