Franklin Street Properties Corp.

Franklin Street Properties Corp. is an investment company, which specializes and focuses on the asset class of real estate. It operates through the Real Estate Operations segment, which is involved in real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development. The company was founded by George J. Carter in January 1997 and is headquartered in Wakefield, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Franklin Street Properties Corp. reports solid Q4 performance and debt reduction focus

Franklin Street Properties Corp. delivered a solid performance in Q4 2022, focusing on debt reduction and property dispositions.
While facing challenges such as slowed property dispositions and high debt levels, the company demonstrated strength in financial management.
Opportunities lie in exploring additional property dispositions, improving leasing activity, and optimizing the portfolio mix.
Overall, Franklin Street Properties Corp. remains committed to enhancing shareholder value through prudent financial strategies.

Franklin Street Properties Corp. reports strong Q1 earnings and growth strategies

Franklin Street Properties Corp. delivered solid financial performance in Q1 '23, driven by property sales gains and a focus on debt reduction.
Despite challenges in the office property sales market, the company's proactive approach to increasing shareholder value through leasing and debt reduction is commendable.
Opportunities for growth and value creation exist through increased leasing activity and strategic initiatives aimed at optimizing the company's portfolio.

Franklin Street Properties Corp. focuses on debt reduction and value realization in Q2 earnings call

Franklin Street Properties Corp. reported steady leasing activity and a focus on debt reduction through asset sales. Challenges in the office property market were noted, prompting strategic actions for value realization. The company's proactive approach to financial management presents opportunities for unlocking hidden value and improving shareholder returns.

Franklin Street Properties Corp. reports mixed Q3 results, focuses on debt reduction and property value

FSP's Q3 performance showed mixed results with a focus on debt reduction and property value enhancement.
Leasing activities have been strong, but challenges remain in portfolio occupancy and debt levels.
Opportunities lie in growing tenant interest, strategic property sales, and continued debt reduction efforts.

Franklin Street Properties Corp. reports solid Q4 performance and outlook

Franklin Street Properties Corp. delivered a solid operational performance in Q4 2023, with a focus on debt reduction and asset management.
While facing challenges in full-year net income, the company remains optimistic about future growth and stability.
Strategic financial management, asset optimization, and operational efficiency are key areas for capitalizing on opportunities and addressing challenges.

Franklin Street Properties Corp. reports mixed Q1 results and eyes growth opportunities

Franklin Street Properties Corp. faced challenges in property dispositions and accessing capital, but showed strength in leasing activity. Market uncertainties persist, but opportunities for growth through leasing improvements and property conversions are on the horizon.

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Franklin Street Properties Corp. is an investment company, which engages in the operation of real estate. It operates through the Real Estate Operations segment. The Real Estate Operation segment is involved in real estate rental operations, leasing, secured financing of real estate, and services provided for asset management, property management, property acquisitions, dispositions and development. The company was founded by George J. Carter in January 1997 and is headquartered in Wakefield, MA.

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The stock market and real estate companies are trading much higher than February 2020 levels. However, a few select deep values have yet to return to pre-Covid pricing levels.

Cigar-Butt Investing: Covid Discounts Among 4 REITs Offering 20-50% Upside

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the second quarter 2021 after the market closes on Tuesday, August 3, 2021. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, August 4, 2021. To access the call, please dial 1-800-464-8240. Internat

Franklin Street Properties Corp. to Announce Second Quarter 2021 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that the Company's Board of Directors authorized the repurchase of up to $50 million of its outstanding common shares. Any purchases made pursuant to the program will be made from time to time in the open market, privately negotiated transactions or other manners as permitted by federal securities laws. The timing,

Franklin Street Properties Corp. Announces $50 Million Share Repurchase Program

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today the completion of the sale of One Overton Park, One Ravinia Drive and Two Ravinia Drive (together, the “Properties”) for aggregate gross proceeds of $219.5 million. The Company expects to record an aggregate gain of approximately $23 million in the second quarter of 2021 in connection with the sale of the Propertie

Franklin Street Properties Corp. Announces the Completion of the Sale of One Overton Park, One Ravinia Drive and Two Ravinia Drive for Aggregate Gross Proceeds of $219.5 Million

Franklin Street Properties Corp. has had a rough past few years operationally. Yet shares of the firm look incredibly cheap, which suggests strong upside could exist.

Franklin Street Properties Corp.: A Binary Prospect

Franklin Street Properties Corp. (FSP) CEO George Carter on Q1 2021 Results - Earnings Call Transcript

Franklin Street (FSP) delivered FFO and revenue surprises of -5.56% and -1.16%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street Properties (FSP) Q1 FFO and Revenues Lag Estimates

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the first quarter ended March 31, 2021. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the second quarter of 2021 begins, FSP remains focused on two primary objectives for full year 2021: leasing progress and debt reduction. From a leasing perspective, we are beginning t

Franklin Street Properties Corp. Announces First Quarter 2021 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the first quarter 2021 after the market closes on Tuesday, May 4, 2021. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, May 5, 2021. To access the call, please dial 1-800-464-8240. Internationally

Franklin Street Properties Corp. to Announce First Quarter 2021 Results

Sunbelt and Mountain West office portfolio are well-positioned for in-migration and job growth. FSP's upcoming property sales will reveal the company is undervalued given the cap rates at which properties are transacting at on the private markets.

Franklin Street Properties: Upcoming Dispositions Will Reveal Strong Value Proposition

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “its”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it entered into a lease amendment with existing tenant CITGO Petroleum Corporation at its Eldridge Green property in Houston, Texas. The amendment extends the primary term of CITGO's approximately 250,000 square foot headquarters lease by approximately 11 years, from February 28, 2022 to March 31, 2033. George J. Cart

Franklin Street Properties Corp. Announces Lease Extension with CITGO Petroleum Corporation

Franklin Street Properties Corp. (FSP) CEO George Carter on Q4 2020 Results - Earnings Call Transcript

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the fourth quarter and year ended December 31, 2020. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “Reflecting on 2020, I would like to start by thanking everyone who contributed to the successful operation of our business during these challenging times that were headlined

Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2020 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the fourth quarter and full year 2020 after the market closes on Tuesday, February 16, 2021. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, February 17, 2021. To access the call, please dial 1-80

Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2020 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”) (NYSE American:FSP) announced today the tax composition of its 2020 distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of FSP distributions. Ticker Symbol: FSP Common Stock (CUSIP # 35471R106)             2020   2020   2020 Total                 Total   Taxable   Taxable   Capital   2020     Record   Payable   Distribution   Ordinary   Qualified   Ga

Franklin Street Properties Corp. Announces Tax Composition of 2020 Distributions

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “its”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today leasing updates, effective in the fourth quarter of 2020, at its Timberlake Corporate Center property in Chesterfield, Missouri and at its Meadow Point property in Chantilly, Virginia. Timberlake Corporate Center, Chesterfield, Missouri Existing tenant Centene Management Company entered into an amendment to

Franklin Street Properties Corp. Announces Leasing Updates

Franklin Street (FSP) winds up business in Raleigh-Durham marketplace with the sale of 4820 Emperor Boulevard office building. Sale proceeds will be used to repay debt.

Franklin Street (FSP) Exits Durham Market With $89.7M Asset Sale

Revenue outlook is positive next year due to a decent pipeline; however, longer-term trends are difficult to predict due to the uncertainties related to a shift towards teleworking. There is a threat of a dividend cut because the REIT's existing payout is too high.

Franklin Street Properties Is Cheap With Good Reason

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today the sale of its only property in Durham, North Carolina (the “Property”) for gross proceeds of $89.7 million, or approximately $346 per square foot. The Property is located at 4820 Emperor Boulevard and consists of an approximately 259,531 square foot office building that is 100% leased to a tenant in the life scie

Franklin Street Properties Corp. Announces the Sale of 4820 Emperor Boulevard in Durham, North Carolina for $89.7 Million

Franklin Street Properties Corp (FSP) CEO George Carter on Q3 2020 Results - Earnings Call Transcript

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the third quarter ended September 30, 2020. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “After slower-second quarter 2020 leasing results primarily due to the emergence of the COVID-19 pandemic and its negative effects on economic activity, the pace of third quarter leasi

Franklin Street Properties Corp. Announces Third Quarter 2020 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the third quarter 2020 after the market closes on Tuesday, November 3, 2020. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, November 4, 2020. To access the call, please dial 1-800-464-8240. Inter

Franklin Street Properties Corp. to Announce Third Quarter 2020 Results

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This year's broad dividend cuts, combined with higher prices from the recent rally, are resulting in one of the lowest market yields in years.

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WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “its”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that its three redevelopment properties located in Charlotte, North Carolina, Miami, Florida, and Minneapolis, Minnesota are now approximately 80% leased. On September 24, 2020, FSP entered into a new lease for space at its Forest Park redevelopment property in Charlotte, North Carolina. The lease is for approximately 28,1

Franklin Street Properties Corp. Announces Three Redevelopment Properties Approximately 80% Leased

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp.

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