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(2017-08-17)

$1.1 B

Company Growth (employees)

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

Franklin Street Properties Office Locations

Franklin Street Properties has an office in Wakefield

Wakefield, US (HQ)

401 Edgewater Pl

Franklin Street Properties Data and Metrics

Franklin Street Properties Financial Metrics

Franklin Street Properties's revenue was reported to be $243.9 m in FY, 2015 which is a 2% decrease from the previous period.

Summary

USD

Franklin Street Properties's current market capitalization is $1.1 b.

Income Statement

USD	FY, 2013	FY, 2014	FY, 2015
Revenue	213.6 m	249.7 m	243.9 m
Revenue growth, %		17%	(2%)
Operating expense total	194.5 m	235.2 m	230.6 m
EBIT	20.5 m	16.2 m	14.7 m
EBIT margin, %	10%	6%	6%
Interest expense	21.1 m	27.4 m	25.4 m
Interest income	16 k	3 k	1 k
Net Income	19.8 m	13.1 m	35 m

Balance Sheet

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
Accounts Payable	44.1 m	42.6 m	49.5 m
Additional Paid-in Capital	1.3 b	1.3 b	1.3 b
Total Equity	1.1 b	979.6 m	935.7 m
Financial Leverage	1.9 x	2 x	2.1 x

Cash Flow

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
Cash From Operating Activities	92 m	103.2 m	10.6 m
Cash From Investing Activities	(562.6 m)	1.8 m
Cash From Financing Activities	469 m	(117.1 m)
Interest Paid	19.6 m	25.6 m