OverviewSuggest Edit
Franklin Street Properties Corp. (“FSP”), a real estate investment trust (REIT) focusing 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 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.
| Type | Public | |
| Founded | 1997 | |
| HQ | Wakefield, US | Map |
| Website | fspreit.com | |
| Employee Ratings | More |
Franklin Street Properties Office Locations
Franklin Street Properties Financials and Metrics
Franklin Street Properties Revenue
| USD | |
|---|---|
Revenue (FY, 2018) | 268.9m |
Net income (FY, 2018) | 13.1m |
Market capitalization (18-Mar-2019) | 782.8m |
Closing stock price (18-Mar-2019) | 7.3 |
Cash (31-Dec-2018) | 11.2m |
| 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 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 58.4m | 63.3m | 62.7m | 61.2m | 60.5m | 60.2m | 61.9m | 59.8m | 60.8b | 63.3m | 68.8m | 68.4m | 68.6m | 66.9m | 66.7m | 68.7m |
General and administrative expense | 3.5m | 3.3m | 3.1m | 3.1m | 3.7m | 3.4m | 3.1m | 3.5m | 3.5b | 3.4m | 3.4m | 3.1m | 3.3m | 3.4m | 3.1m | 3.4m |
Operating expense total | 53.9m | 59.1m | 58.4m | 59.0m | 58.0m | 57.1m | 58.3m | 56.9m | 57.3b | 60.6m | 66.1m | 65.1m | 66.3m | 65.3m | 65.7m | 66.2m |
Depreciation and amortization | 24.9m | 23.2m | 22.9m | 22.4m | 23.3m | 25.3m | 25.3m | 25.0m | 24.0m | 23.6m | 23.3m |
| 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 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 25.5m | 20.0m | 18.5m | 15.9m | 14.9m | 15.8m | 19.1m | 14.3m | 7.5m | 13.4m | 11.1m | 11.5m | 12.6m | |||
Total Assets | 2.1b | 2.0b | 2.0b | 2.0b | 1.9b | 1.9b | 1.9b | 1.9b | 1.9b | 1.9b | 2.1b | 2.0b | 2.0b | 2.0b | 2.0b | 1.9b |
Accounts Payable | 39.9m | 34.4m | 34.6m | 40.2m | 36.1m | 39.2m | 42.2m | 37.8m | 41.5m | 54.0m | 50.5m | 55.2m | 57.6m | 53.3m | 52.7m | 62.7m |
Total Liabilities | 1.0b | 993.3m | 975.9m | 968.9m | 921.1m | 984.6m | 992.1m | 948.3m | 1.0b | 977.5m | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 4.1m | 3.6m | 3.7m | 8.9m | 12.5m | 16.4m | 19.6m | 2.6m | 2.5m | 4.5m | (12.9m) | 1.9m | 1.4m | 2.1m | 11.7m |
Depreciation and Amortization | 22.2m | 24.3m | 23.6m | 74.2m | 22.7m | 46.9m | 70.3m | 23.0m | 23.3m | 25.9m | 51.8m | 25.0m | 24.7m | 49.1m | 73.1m |
Accounts Payable | (2.7m) | ||||||||||||||
Cash From Operating Activities | 75.9m | 45.7m | 72.7m | 7.8m | 12.0m | 40.0m | 15.1m | 33.7m | 62.9m |
| USD | Y, 2018 |
|---|---|
Revenue/Employee | 6.9m |
Financial Leverage | 2.3 x |
Franklin Street Properties News and Updates
Franklin Street Properties Frequently Asked Questions
When was Franklin Street Properties founded?
Franklin Street Properties was founded in 1997.
How many employees does Franklin Street Properties have?
Franklin Street Properties has 39 employees.
What is Franklin Street Properties revenue?
Latest Franklin Street Properties annual revenue is $268.9 m.
What is Franklin Street Properties revenue per employee?
Latest Franklin Street Properties revenue per employee is $6.9 m.
Who are Franklin Street Properties competitors?
Competitors of Franklin Street Properties include Corporate Office Properties Trust, Empire State Realty Trust and Global Net Lease.
Where is Franklin Street Properties headquarters?
Franklin Street Properties headquarters is located at 401 Edgewater Pl, Wakefield.
Where are Franklin Street Properties offices?
Franklin Street Properties has an office in Wakefield.
How many offices does Franklin Street Properties have?
Franklin Street Properties has 1 office.