Franklin Street Properties Corp /Ma/FSP
What Franklin Street Properties Corp /Ma/ does.
Our company, Franklin Street Properties Corp., which we refer to as FSP Corp., the Company, we or our, is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust, or REIT, for federal income tax purposes. Our common stock is traded on the NYSE American under the symbol “FSP”. FSP Corp. is the successor to Franklin Street Partners Limited Partnership, or the FSP Partnership, which was originally formed as a Massachusetts general partnership in January 1997 as the successor to a Massachusetts general partnership that was formed in 1981. On January 1, 2002, the FSP Partnership converted into FSP Corp., which we refer to as the conversion. As a result of this conversion, the FSP Partnership ceased to exist and we succeeded to the business of the FSP Partnership. In the conversion, each unit of both general and limited partnership interests in the FSP Partnership was converted into one share of our common stock. As a result of the conversion, we hold, directly and indirectly, 100% of the interest in three former subsidiaries of the FSP Partnership: FSP Investments LLC, FSP Property Management LLC, and FSP Holdings LLC. We operate some of our business through these subsidiaries.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $245.8M | $209.4M | $165.6M | $145.7M | $120.1M | $107.2M |
| Net income | $32.6M | $92.7M | $1.1M | -$48.1M | -$52.7M | -$45.0M |
| Free cash flow | -$9.5M | -$28.5M | -$39.7M | -$13.8M | -$16.2M | -$12.7M |
More on FSP.
- Franklin Street Properties Corp /Ma/ summary
- Franklin Street Properties Corp /Ma/ financial statements
- Franklin Street Properties Corp /Ma/ key metrics
- Franklin Street Properties Corp /Ma/ health scores and style box
- Franklin Street Properties Corp /Ma/ earnings
- Franklin Street Properties Corp /Ma/ dividends
- Franklin Street Properties Corp /Ma/ valuation
- Franklin Street Properties Corp /Ma/ ownership and insiders
- Franklin Street Properties Corp /Ma/ peers
Figures from Franklin Street Properties Corp /Ma/'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.