Franklin Street Properties

Real Estate & Construction commercial real estate real estate investments

Franklin Street Properties Corp. (“FSP”), a real estate investment trust (REIT) based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in major U.S. markets. FSP’s strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our top five markets of Atlanta, Dallas, Denver, Houston, and Minneapolis. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP’s primary real estate operations include property acquisitions and dispositions, leasing, development and asset management. FSP began operations in 1997 and became a publicly-traded company in June 2005.

Revenue(FY, 2015)

$243.9 M

Market capitalization(2018-07-18)

$912.5 M

Type

Public

Wakefield, US

Founded

1997

Size (employees)

39 (est)

Website

franklinstreetproperties.com

Franklin Street Properties was founded in 1997 and is headquartered in Wakefield, US

Report incorrect company information

Franklin Street Properties Office Locations

Open Map View

Franklin Street Properties has an office in Wakefield

Wakefield, US (HQ)

401 Edgewater Pl

Show all (1)

Report incorrect company information

Franklin Street Properties Financials and Metrics

Franklin Street Properties Revenue

Franklin Street Properties's revenue was reported to be $243.87 m in FY, 2015 which is a 2.3% decrease from the previous period.

Summary

USD
Revenue (Q1, 2018)	66.9 m
Net income (Q1, 2018)	1.4 m
Market capitalization (18-Jul-2018)	912.5 m
Closing share price (18-Jul-2018)	8.5

Franklin Street Properties's current market capitalization is $912.5 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015
Revenue	213.6 m	249.7 m	243.9 m
Revenue growth, %		17%	(2%)
EBIT	20.5 m	16.2 m	14.7 m
EBIT margin, %	10%	6%	6%

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	58.4 m	63.3 m	62.7 m	61.2 m	60.5 m	60.2 m	61.9 m	59.8 b	60.8 b	63.3 b	68.8 b	68.4 b	68.6 m	66.9 m
General and administrative expense	3.5 m	3.3 m	3.1 m	3.1 m	3.7 m	3.4 m	3.1 m	3.5 b	3.5 b	3.4 b	3.4 b	3.1 b	3.3 m	3.4 m
Operating expense total	53.9 m	59.1 m	58.4 m	59 m	58 m	57.1 m	58.3 m	56.9 b	57.3 b	60.6 b	66.1 b	65.1 b	66.3 m	65.3 m
Depreciation and amortization														24 m

show all

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015
Cash	19.6 m	7.5 m	18.2 m
Total Assets	2 b	1.9 b	1.9 b

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	25.5 m	20 m	18.5 m	15.9 m	14.9 m	15.8 m	19.1 m	14.3 m	7.5 m	13.4 m	11.1 m	11.5 m	12.6 m
Total Assets	2.1 b	2 b	2 b	2 b	1.9 b	1.9 b	1.9 b	1.9 b	1.9 b	1.9 b	2.1 b	2 b	2 b	2 b
Accounts Payable	39.9 m	34.4 m	34.6 m	40.2 m	36.1 m	39.2 m	42.2 m	37.8 m	41.5 m	54 m	50.5 m	55.2 m	57.6 m	53.3 m
Total Liabilities	1 b	993.3 m	975.9 m	968.9 m	921.1 m	984.6 m	992.1 m	948.3 m	1 b	977.5 m	1.1 b	1.1 b	1.1 b	1.1 b

show all

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015
Net Income	19.8 m	13.1 m	35 m
Depreciation and Amortization	81.3 m	97.9 m	91.4 m
Accounts Payable			49.5 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q1, 2018
Net Income	4.1 m	3.6 m	3.7 m	1.6 m	12.5 m	1.4 m
Depreciation and Amortization	22.2 m	24.3 m	23.6 m	24.9 m	22.7 m	24.7 m
Cash From Operating Activities						15.1 m
Cash From Investing Activities						(10.2 m)