FSP · Franklin Street Properties Corp /Ma/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.23M | - | $27.30M | $26.71M | $27.11M | - | $29.68M | $30.83M | $31.23M | - |
| Cost of Revenue | $10.29M | - | $10.67M | $10.70M | $10.10M | - | $11.57M | $11.03M | $11.02M | - |
| Gross Profit | $15.94M | - | $16.63M | $16.01M | $17.01M | - | $18.11M | $19.80M | $20.21M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $2.67M | - | $3.03M | $3.28M | $3.48M | - | $3.27M | $3.63M | $4.16M | - |
| Total Operating Expenses | $34.59M | - | $35.87M | $35.14M | $35.46M | - | $37.86M | $38.95M | $39.59M | - |
| D&A | $11.60M | - | $10.55M | $10.63M | $11.51M | - | $10.91M | $11.48M | $12.30M | - |
| Operating Income | ($9.47M) | - | ($8.32M) | ($7.79M) | ($21.38M) | - | ($15.57M) | ($20.98M) | ($7.49M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | $6.85M | - |
| Income Tax | $54.0K | - | $3.0K | $82.0K | $52.0K | - | $56.0K | $48.0K | $58.0K | - |
| Net Income | ($9.53M) | - | ($8.33M) | ($7.88M) | ($21.43M) | - | ($15.62M) | ($21.02M) | ($7.55M) | - |
| EPS - Basic | ($0.09) | - | ($0.08) | ($0.08) | ($0.21) | - | ($0.15) | ($0.20) | ($0.07) | - |
| EPS - Diluted | ($0.09) | - | ($0.08) | ($0.08) | ($0.21) | - | ($0.15) | ($0.20) | ($0.07) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $23.75M | $30.57M | $31.43M | $29.37M | $30.17M | $41.12M | $40.86M | $30.25M | $34.18M | $125.53M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $881.79M | $892.88M | $901.03M | $903.24M | $916.37M | $946.93M | $981.51M | $1.01B | $1.04B | $1.17B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $285.37M | $285.91M | $285.69M | $278.54M | $282.98M | $291.07M | $316.09M | $330.45M | $335.10M | $456.52M |
| Stockholders' Equity | $596.41M | $606.98M | $615.34M | $624.70M | $633.39M | $655.86M | $665.42M | $682.08M | $703.86M | $712.80M |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.15M) | - | - | - | ($5.48M) | - | - | - | ($7.09M) | - |
| Investing Cash Flow | ($2.70M) | - | - | - | ($4.45M) | - | - | - | $25.57M | - |
| Financing Cash Flow | $1.03M | - | - | - | ($1.19M) | - | - | - | ($108.58M) | - |
| CapEx | $2.70M | - | - | - | $4.45M | - | - | - | $8.76M | - |
| Free Cash Flow | ($7.85M) | - | - | - | ($9.94M) | - | - | - | ($15.85M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 60.8% | - | 60.9% | 59.9% | 62.8% | - | 61.0% | 64.2% | 64.7% | - |
| Operating margin | -36.1% | - | -30.5% | -29.2% | -78.9% | - | -52.4% | -68.0% | -24.0% | - |
| EBITDA margin | 8.1% | - | 8.2% | 10.6% | -36.4% | - | -15.7% | -30.8% | 15.4% | - |
| Net margin | -36.3% | - | -30.5% | -29.5% | -79.1% | - | -52.6% | -68.2% | -24.2% | - |
| Free cash flow margin | -29.9% | - | - | - | -36.7% | - | - | - | -50.8% | - |
| FCF / Net income | 0.82 | - | - | - | 0.46 | - | - | - | 2.10 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.2% | - | 11.1% | 12.3% | 12.9% | - | 11.0% | 11.8% | 13.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.1% | - | -0.9% | -0.9% | -2.3% | - | -1.6% | -2.1% | -0.7% | - |
| Return on equity | -1.6% | - | -1.4% | -1.3% | -3.4% | - | -2.3% | -3.1% | -1.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | -1.1x | - |
| Equity multiplier | 1.48 | 1.47 | 1.46 | 1.45 | 1.45 | 1.44 | 1.48 | 1.48 | 1.48 | 1.64 |
| Liabilities / Assets | 0.32 | 0.32 | 0.32 | 0.31 | 0.31 | 0.31 | 0.32 | 0.33 | 0.32 | 0.39 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.03 | 0.03 | 0.03 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.1x | - | 0.3x | 0.3x | 0.3x | - | 0.3x | 0.2x | 0.3x | - |
| P / S | 2.6x | - | 6.1x | 6.4x | 6.8x | - | 6.2x | 5.1x | 7.5x | - |
| EV / EBITDA | 21.0x | - | 60.4x | 49.6x | - | - | - | - | 41.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -3.3% | - | -8.0% | -13.3% | -13.2% | - | -19.6% | -15.0% | -17.3% | - |
| Revenue CAGR (3y) | -11.4% | - | -12.6% | -13.5% | -13.8% | - | -16.4% | -18.1% | -19.1% | - |
| Revenue CAGR (5y) | -15.0% | - | -15.2% | -15.2% | -15.5% | - | -15.4% | -14.3% | -13.6% | - |
| Gross profit growth (YoY) | -6.3% | - | -8.2% | -19.1% | -15.8% | - | -24.9% | -17.9% | -19.4% | - |
| Operating income growth (YoY) | 55.7% | - | 46.5% | 62.8% | -185.3% | - | 65.9% | -151.3% | - | - |
| Net income growth (YoY) | 55.6% | - | 46.7% | 62.5% | -183.8% | - | 65.8% | -149.7% | - | - |
| EPS growth (YoY) | 57.1% | - | 46.7% | 60.0% | -200.0% | - | 65.9% | -150.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 21.0% | - | - | - | 37.3% | - | - | - | -26.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -5.8% | -7.5% | -7.5% | -8.4% | -10.0% | -8.0% | -6.5% | -10.1% | -8.5% | -7.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$107.16M totalReal Estate Operations$107.16M · 100.0%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing FRANKLIN STREET PROPERTIES CORP /MA/ against the 5 most active filers in the same SIC group.
Dividends
$0.03/share trailing 12 months · -25.0% YoY
| Ex-date | Per share |
|---|---|
| Jan 23, 2026 | $0.0100 |
| Oct 17, 2025 | $0.0100 |
| Jul 25, 2025 | $0.0100 |
| Apr 17, 2025 | $0.0100 |
| Jan 24, 2025 | $0.0100 |
| Oct 18, 2024 | $0.0100 |
| Jul 19, 2024 | $0.0100 |
| Apr 18, 2024 | $0.0100 |
| Jan 25, 2024 | $0.0100 |
| Oct 19, 2023 | $0.0100 |
| Jul 20, 2023 | $0.0100 |
| Apr 20, 2023 | $0.0100 |
| Jan 26, 2023 | $0.0100 |
| Oct 20, 2022 | $0.0100 |
| Jul 18, 2022 | $0.0100 |
| Apr 13, 2022 | $0.0900 |
| Jan 27, 2022 | $0.0900 |
| Dec 30, 2021 | $0.3200 |
| Oct 21, 2021 | $0.0900 |
| Jul 15, 2021 | $0.0900 |
| Apr 15, 2021 | $0.0900 |
| Jan 28, 2021 | $0.0900 |
| Oct 22, 2020 | $0.0900 |
| Jul 16, 2020 | $0.0900 |