Franklin Street Properties Corp.

Franklin Street Properties Corp.

FSPยทAMEX

$0.52

-1.2%
Real EstateREIT - Office

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes.

At a Glance

Live Snapshot
Market Cap$53.92M
EPS-0.4300
P/E Ratio-1.21
Earnings Date07/28/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -1.2).

Valuation inputs: P/E -1.2, earnings yield N/A, momentum -1.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -7.4%, ROIC -0.9%).

Profitability stack: net margin -42.0%, ROE -7.4%, ROIC -0.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +32.0%, momentum -1.2%, net margin -42.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

fsp

Franklin Street Properties Corp. Market vs Earnings Trajectory

FSP ยท AMEX

Loading price and EPS data...

Franklin Street Properties Corp.

Franklin Street Properties Corp. Fair Value Envelope

FSP ยท AMEX

Our analysis suggests that FSP has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $0.52, this represents a potential HIDDEN relative to our calculated worth for Franklin Street Properties Corp..

Intrinsic Value
Current Price: $0.52
3Y-4157.0%
5Y-243.0%
10Y-638.0%
3Y-35.0%
5Y-56.0%
10Y-57.0%
3Y-4210.0%
5Y-238.0%
10Y-637.0%
3Y-75.0%
5Y-95.0%
10Y-96.0%
3Y-68.0%
5Y+34.0%
10Y-94.0%
3Y-28.0%
5Y-50.0%
10Y-57.0%
Franklin Street Properties Corp.

Franklin Street Properties Corp. Profit Bridge

FSP ยท AMEX
Revenue107.16M
Cost of Goods Sold (60.25M)
Gross Profit46.91M
Operating Expenses (55.04M)
Operating Income-8.12M
Interest Expense (24.72M)
Other Income/Expense-36.65M
Pretax Income-44.77M
Income Tax (189.00K)
Net Income-44.96M
Net Income
-44.96M

Profitability Analysis

Gross Margin

43.8%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

-7.6%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-42.0%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

43.78%
Gross Profit Margin
3Y-7.0%
5Y-18.0%
10Y-24.0%
-7.58%
Operating Profit Margin
44%
3Y-2705.0%
5Y-
10Y-151.0%
-41.96%
Net Profit Margin
-4%
3Y-6451.0%
5Y-416.0%
10Y-1351.0%
-7.41%
Return on Equity
-8%
3Y-5305.0%
5Y-274.0%
10Y-951.0%
-5.04%
Return on Assets
-10%
3Y-5816.0%
5Y-377.0%
10Y-1355.0%
-0.94%
Return on Invested Capital
36%
3Y-2849.0%
5Y-
10Y-154.0%
FSP

Franklin Street Properties Corp. Cash Conversion Engine

FSP ยท AMEX
Net Income-44.96M
Depreciation & Amortization45.33M
Stock-Based Compensation225.00K
Change in Working Capital-9.76M
Others12.91M
Capital Expenditures-16.41M
Free Cash Flow-12.66M

Cash Flow Quality Analysis

FCF Conversion Rate

28.2%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

437.4%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+22.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$9.76M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

fsp

Franklin Street Properties Corp. Funding & Solvency Profile

FSP ยท AMEX
Cash & Cash Equivalents23.75M
Net Receivables40.02M
Inventory0.00
Other Current Assets0.00
Total Current Assets64 M
Property, Plant & Equipment124.00K
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets817.89M
Total Non-Current Assets818 M
Total Assets
881.79M

Financial Health Analysis

Current Ratio

2.42x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.48x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

37 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

7% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

fsp

Franklin Street Properties Corp. Street Expectations Map

FSP ยท AMEX

No Target Data

No analyst price targets available for fsp.

fsp

Franklin Street Properties Corp. Insider Positioning

FSP ยท AMEX

During the last 12 months, there has been no insider trading activity reported for FSP.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

1.50%
Dividend Yield
-29%
3Y+136.0%
5Y-9.0%
10Y-3.0%
ย 

fsp Dividend History

FSP
10Y CAGR 26%
Latest $0.01
Annual $0.05
Stable dividend payments
Last Period: +0%