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. 

TypePublic
Founded1997
HQWakefield, US
Websitefspreit.com
Employee Ratings4

Latest Updates

Employees (est.) (Feb 2019)39
Job Openings7
Revenue (FY, 2018)$268.9 M(-1%)
Share Price (Mar 2019)$7.3

Franklin Street Properties Office Locations

Franklin Street Properties has an office in Wakefield
Wakefield, US (HQ)
401 Edgewater Pl
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Franklin Street Properties Financials and Metrics

Franklin Street Properties Revenue

Franklin Street Properties's revenue was reported to be $268.87 m in FY, 2018
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
Franklin Street Properties's current market capitalization is $782.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

213.6m249.7m243.9m249.9m272.6m268.9m

Revenue growth, %

17%(2%)

General and administrative expense

11.9m13.3m14.1m13.5m13.1m

Operating expense total

194.5m230.6m239.2m264.2m262.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

58.4m63.3m62.7m61.2m60.5m60.2m61.9m59.8m60.8b63.3m68.8m68.4m68.6m66.9m66.7m68.7m

General and administrative expense

3.5m3.3m3.1m3.1m3.7m3.4m3.1m3.5m3.5b3.4m3.4m3.1m3.3m3.4m3.1m3.4m

Operating expense total

53.9m59.1m58.4m59.0m58.0m57.1m58.3m56.9m57.3b60.6m66.1m65.1m66.3m65.3m65.7m66.2m

Depreciation and amortization

24.9m23.2m22.9m22.4m23.3m25.3m25.3m25.0m24.0m23.6m23.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

19.6m7.5m18.2m9.3m9.8m11.2m

Accounts Receivable

Inventories

Total Assets

2.0b1.9b1.9b2.1b2.0b1.9b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

25.5m20.0m18.5m15.9m14.9m15.8m19.1m14.3m7.5m13.4m11.1m11.5m12.6m

Total Assets

2.1b2.0b2.0b2.0b1.9b1.9b1.9b1.9b1.9b1.9b2.1b2.0b2.0b2.0b2.0b1.9b

Accounts Payable

39.9m34.4m34.6m40.2m36.1m39.2m42.2m37.8m41.5m54.0m50.5m55.2m57.6m53.3m52.7m62.7m

Total Liabilities

1.0b993.3m975.9m968.9m921.1m984.6m992.1m948.3m1.0b977.5m1.1b1.1b1.1b1.1b1.1b1.1b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

19.8m13.1m35.0m8.4m(15.9m)13.1m

Depreciation and Amortization

81.3m97.9m93.4m95.2m103.7m97.2m

Inventories

Accounts Payable

49.5m(4.1m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

4.1m3.6m3.7m8.9m12.5m16.4m19.6m2.6m2.5m4.5m(12.9m)1.9m1.4m2.1m11.7m

Depreciation and Amortization

22.2m24.3m23.6m74.2m22.7m46.9m70.3m23.0m23.3m25.9m51.8m25.0m24.7m49.1m73.1m

Accounts Payable

(2.7m)

Cash From Operating Activities

75.9m45.7m72.7m7.8m12.0m40.0m15.1m33.7m62.9m
USDY, 2018

Revenue/Employee

6.9m

Financial Leverage

2.3 x
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Franklin Street Properties News and Updates

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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.