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Franklin Street Properties

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, MA, USMap
Websitefspreit.com

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Latest Updates

Employees (est.) (Feb 2020)37(-2%)
Revenue (FY, 2020)$245.8 M(-8%)
Share Price (Dec 2021)$6
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Key People/Management at Franklin Street Properties

Jeffrey B. Carter

Jeffrey B. Carter

President, Chief Investment Officer
John G. Demeritt

John G. Demeritt

Executive Vice President, Chief Financial Officer and Treasurer
Scott H. Carter

Scott H. Carter

Executive Vice President, General Counsel and Secretary
Eriel Anchondo

Eriel Anchondo

Executive Vice President, Chief Operating Officer
John F. Donahue

John F. Donahue

Executive Vice President
William S. Friend

William S. Friend

Senior Vice President
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Franklin Street Properties Office Locations

Franklin Street Properties has an office in Wakefield
Wakefield, MA, 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 $245.85 m in FY, 2020
USD

Revenue (Q1, 2021)

59.0m

Gross profit (Q1, 2021)

43.1m

Gross profit margin (Q1, 2021), %

73%

Net income (Q1, 2021)

(6.5m)

EBIT (Q1, 2021)

(6.4m)

Market capitalization (31-Dec-2021)

629.6m

Closing stock price (31-Dec-2021)

6.0

Cash (31-Mar-2021)

2.6m

EV

1.6b
Franklin Street Properties's current market capitalization is $629.6 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

139.5m162.8m213.6m249.7m243.9m249.9m272.6m268.9m269.1m245.8m

Revenue growth, %

17%(2%)

Cost of goods sold

72.3m66.9m

Gross profit

196.8m178.9m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

31.1m32.3m33.3m40.4m35.7m39.3m38.9m41.8m44.8m48.0m58.4m63.3m62.7m61.2m60.5m60.2m61.9m59.8m60.8m63.3m68.8m68.4m68.6m66.9m66.7m68.7m64.7m66.8m68.5m63.0m60.8m62.2m59.0m

Cost of goods sold

17.2m17.0m17.9m17.7m17.1m18.0m17.3m15.5m16.7m15.9m

Gross profit

49.7m49.7m50.8m47.0m49.7m50.5m45.7m45.3m45.5m43.1m

Gross profit Margin, %

74%75%74%73%74%74%73%75%73%73%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

23.8m21.3m19.6m7.5m18.2m9.3m9.8m11.2m9.8m2.7m

Accounts Receivable

1.5m1.7m5.1m4.7m2.9m3.1m3.1m3.9m3.9m7.7m

Prepaid Expenses

10.5m10.3m7.8m5.2m8.4m10.4m7.2m5.8m

PP&E

468.0k544.0k709.0k609.0k484.0k313.0k289.0k197.0k183.0k163.0k
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

21.5m20.6m49.5m28.9m44.0m29.3m22.6m24.0m17.3m25.0m25.5m20.0m18.5m15.9m14.9m15.8m19.1m14.3m7.5m13.4m11.1m11.5m12.6m14.4m10.4m10.4m8.8m13.1m20.2m17.3m2.9m4.8m2.6m

Accounts Receivable

900.0k2.1m1.7m1.8m1.4m1.1m1.4m1.2m2.4m2.3m6.0m6.0m2.9m2.9m4.6m2.9m3.5m3.7m3.3m3.3m3.8m4.7m4.0m3.4m4.0m3.2m4.5m6.4m4.4m3.6m4.2m4.0m4.3m

Prepaid Expenses

11.3m9.2m9.0m9.1m13.5m9.1m9.8m5.9m5.9m6.5m4.9m5.1m6.3m8.4m7.4m9.3m10.5m8.1m8.9m7.5m6.5m6.5m5.9m

PP&E

372.0k535.0k501.0k477.0k462.0k478.0k456.0k528.0k533.0k510.0k543.0k746.0k710.0k637.0k588.0k562.0k551.0k438.0k385.0k370.0k275.0k287.0k319.0k261.0k236.0k216.0k166.0k154.0k136.0k215.0k196.0k178.0k147.0k
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

43.5m7.6m19.8m13.1m35.0m8.4m(15.9m)13.1m6.5m32.6m

Depreciation and Amortization

50.3m57.5m80.9m98.6m93.3m95.2m103.7m97.2m93.8m91.6m

Accounts Payable

4.2m3.7m11.1m206.0k5.5m5.8m3.9m(4.1m)3.9m7.8m

Cash From Operating Activities

61.0m70.4m92.0m103.2m102.9m94.4m95.9m80.2m81.9m68.4m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

11.5m16.3m24.8m35.1m38.5m5.7m11.2m2.2m4.4m9.1m13.2m3.6m7.3m8.9m12.5m16.4m19.6m4.5m(12.9m)(11.0m)1.4m2.1m11.7m(1.2m)428.0k2.8m(1.1m)(3.1m)(4.8m)(6.5m)

Depreciation and Amortization

18.6m29.1m11.1m23.7m36.6m13.8m27.5m41.8m16.4m34.0m56.5m24.8m48.9m74.8m23.2m46.9m70.2m23.0m45.9m69.8m25.9m51.8m77.4m24.7m49.1m73.1m24.0m46.8m70.1m23.1m46.1m68.9m25.1m

Accounts Payable

(4.1m)615.0k(1.2m)(726.0k)4.1m(3.4m)(1.4m)(25.0k)(5.0m)(1.2m)6.9m(7.3m)(8.4m)(2.1m)(7.7m)(4.3m)(603.0k)(10.4m)(7.8m)1.5m(10.2m)(6.8m)(489.0k)(6.9m)(8.6m)(2.7m)(6.1m)(8.7m)2.8m(8.2m)(10.0m)2.5m(9.6m)

Cash From Operating Activities

21.1m39.1m10.4m26.4m44.9m12.9m28.6m49.6m10.0m34.2m60.3m16.4m43.1m75.9m15.1m45.7m72.7m7.8m32.4m65.3m12.0m40.0m69.3m15.1m33.7m62.9m9.5m24.7m60.1m7.2m25.6m56.0m1.6m
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USDQ2, 2010

Financial Leverage

1.3 x
Show all financial metrics

Franklin Street Properties Acquisitions / Subsidiaries

Company NameDateDeal Size
Amphenol LTW Technology Co., Ltd.

Franklin Street Properties Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Franklin Street Properties Online and Social Media Presence

Franklin Street Properties's Trends

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Franklin Street Properties News and Updates

May 02, 2018

Franklin Street Properties Corp's (FSP) CEO George Carter on Q1 2018 Results - Earnings Call Transcript

 Franklin Street Properties Frequently Asked Questions

  • When was Franklin Street Properties founded?

    Franklin Street Properties was founded in 1997.

  • Who are Franklin Street Properties key executives?

    Franklin Street Properties's key executives are Jeffrey B. Carter, John G. Demeritt and Scott H. Carter.

  • How many employees does Franklin Street Properties have?

    Franklin Street Properties has 37 employees.

  • What is Franklin Street Properties revenue?

    Latest Franklin Street Properties annual revenue is $245.8 m.

  • What is Franklin Street Properties revenue per employee?

    Latest Franklin Street Properties revenue per employee is $6.6 m.

  • Who are Franklin Street Properties competitors?

    Competitors of Franklin Street Properties include Corporate Office Properties Trust, Artemis Real Estate Partners and Seritage Growth Properties.

  • 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.