Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes.
Company profile
Ticker
FSP
Exchange
Website
CEO
George Carter
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FRANKLIN STREET PARTNERS LP
SEC CIK
Corporate docs
Subsidiaries
FSP 1001 17th Street LLC • FSP 121 South Eighth Street LLC • FSP 1999 Broadway LLC • FSP 303 EWD LLC • FSP 380 Interlocken Corp. • FSP 390 Interlocken LLC • FSP 600 17th Street LLC • FSP 801 Marquette Avenue LLC • FSP 909 Davis Street LLC • FSP Addison Circle Corp. ...
IRS number
42724223
FSP stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
11 May 23
8-K
Franklin Street Properties Corp. Announces First Quarter 2023 Results
2 May 23
10-Q
2023 Q1
Quarterly report
2 May 23
ARS
2022 FY
Annual report to shareholders
30 Mar 23
DEFA14A
Additional proxy soliciting materials
30 Mar 23
DEF 14A
Definitive proxy
30 Mar 23
8-K
Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2022 Results
14 Feb 23
10-K
2022 FY
Annual report
14 Feb 23
8-K
Entry into a Material Definitive Agreement
10 Feb 23
8-K
Amendments to Articles of Incorporation or Bylaws
3 Feb 23
Transcripts
FSP
Earnings call transcript
2022 Q4
15 Feb 23
FSP
Earnings call transcript
2022 Q3
2 Nov 22
FSP
Earnings call transcript
2022 Q2
6 Aug 22
FSP
Earnings call transcript
2022 Q1
7 May 22
FSP
Earnings call transcript
2021 Q4
16 Feb 22
FSP
Earnings call transcript
2021 Q3
9 Nov 21
FSP
Earnings call transcript
2021 Q2
7 Aug 21
FSP
Earnings call transcript
2021 Q1
8 May 21
FSP
Earnings call transcript
2020 Q4
17 Feb 21
FSP
Earnings call transcript
2020 Q3
4 Nov 20
Latest ownership filings
SC 13G/A
Odle Jonathan Bennett
1 Jun 23
4
Jonathan Bennett Odle
31 May 23
4
BRIAN N HANSEN
30 May 23
SC 13G/A
Odle Jonathan Bennett
24 May 23
3
Jonathan Bennett Odle
24 May 23
4
Milton P Wilkins Jr
19 May 23
4
DENNIS J MCGILLICUDDY
19 May 23
4
Kenneth A Hoxsie
19 May 23
4
John N Burke
19 May 23
4
BRIAN N HANSEN
19 May 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 13.11 mm | 13.11 mm | 13.11 mm | 13.11 mm | 13.11 mm | 13.11 mm |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 365.00 k | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | n/a | 759.05 k | n/a |
| Cash remaining | n/a | n/a | n/a | n/a | 12.35 mm | n/a |
| Runway (months of cash) | n/a | n/a | n/a | n/a | 33.8 | n/a |
Institutional ownership, Q4 2022
92.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 170 |
| Opened positions | 21 |
| Closed positions | 26 |
| Increased positions | 62 |
| Reduced positions | 56 |
| 13F shares | Current |
|---|---|
| Total value | 224.58 bn |
| Total shares | 95.82 mm |
| Total puts | 4.40 k |
| Total calls | 2.40 k |
| Total put/call ratio | 1.8 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 15.57 mm | $42.50 bn |
| Vanguard | 10.92 mm | $29.80 bn |
| Fuller & Thaler Asset Management | 7.27 mm | $19.94 bn |
| HighTower Advisors | 6.92 mm | $18.88 bn |
| PCOK Pacific Oak Strategic Opportunity REIT | 5.88 mm | $23.87 mm |
| Madison Avenue Partners | 5.04 mm | $13.77 bn |
| STT State Street | 4.62 mm | $12.62 bn |
| Private Management | 3.89 mm | $10.61 bn |
| LSV Asset Management | 3.71 mm | $10.13 mm |
| MS Morgan Stanley | 2.84 mm | $7.76 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 26 May 23 | Odle Jonathan Bennett | Common Stock | Sell | Dispose S | No | No | 1.4198 | 365,000 | 518.23 k | 10,135,000 |
| 26 May 23 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 1.4281 | 50,000 | 71.41 k | 1,018,066 |
| 25 May 23 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 1.4667 | 50,000 | 73.34 k | 968,066 |
| 18 May 23 | Milton P Wilkins Jr | Common Stock | Grant | Acquire A | No | No | 0 | 27,777 | 0.00 | 27,787 |
| 18 May 23 | Mcgillicuddy Dennis J | Common Stock | Grant | Acquire A | No | No | 0 | 27,777 | 0.00 | 67,064 |
| 18 May 23 | Hoxsie Kenneth A | Common Stock | Grant | Acquire A | No | No | 0 | 27,777 | 0.00 | 149,964 |
News
B. Riley Securities Maintains Buy on Franklin Street Props, Lowers Price Target to $2.5
16 May 23
Franklin Street Props Q1 EPS $0.08 Down From $0.11 YoY
2 May 23
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27 Apr 23
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18 Apr 23
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13 Apr 23
Press releases
Franklin Street Properties Corp. Announces First Quarter 2023 Results
2 May 23
Franklin Street Properties Corp. to Announce First Quarter 2023 Results
25 Apr 23
Franklin Street Properties Corp. Declares Quarterly Dividend
7 Apr 23
Franklin Street Properties Corp. Announces the Completion of the Sale of 50 Northwest Point in Elk Grove Village, Illinois for $29.1 Million
10 Mar 23