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Franklin Street Properties Corp (NYSEAMER: FSP) |
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Price: $1.7000
$0.01 
0.592%
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| Day's High:
| $1.72
| Week Perf:
| -2.86 %
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| Day's Low: |
$ 1.67 |
30 Day Perf: |
-4.49 % |
| Volume (M): |
627 |
52 Wk High: |
$ 2.21 |
| Volume (M$): |
$ 1,066 |
52 Wk Avg: |
$1.75 |
| Open: |
$1.69 |
52 Wk Low: |
$1.36 |
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| Market Capitalization (Millions $) |
176 |
| Shares
Outstanding (Millions) |
104 |
| Employees |
28 |
| Revenues (TTM) (Millions $) |
116 |
| Net Income (TTM) (Millions $) |
-67 |
| Cash Flow (TTM) (Millions $) |
-6 |
| Capital Exp. (TTM) (Millions $) |
21 |
Franklin Street Properties Corp
Franklin Street Properties Corp is a publicly traded real estate investment trust (REIT) that primarily invests in commercial properties located throughout the United States. The company was founded in 1997 and is headquartered in Wakefield, Massachusetts.
Franklin Street Properties Corp focuses on owning and managing Class A and Class B office buildings, as well as mixed-use and industrial properties. Within their portfolio, the company owns buildings in a variety of urban and suburban markets, including Boston, Denver, Atlanta, Pittsburgh, and more.
With a diverse portfolio and extensive experience in the industry, Franklin Street Properties Corp's management team maintains a disciplined approach to acquisitions and asset management, with a focus on generating consistent returns for shareholders. The company's business model is characterized by owning prime office buildings in excellent locations, leasing them to quality tenants, and maintaining high occupancy rates.
Franklin Street Properties Corp is publicly traded on the NYSE under the ticker symbol FSP. The company is known for its emphasis on sustainability and its commitment to reducing its carbon footprint through its buildings and operations.
In addition, Franklin Street Properties Corp has a strong corporate culture that focuses on teamwork, innovation, and community engagement. The company has been recognized for its corporate social responsibility efforts, including its commitment to diversity, equity, and inclusion.
Overall, Franklin Street Properties Corp is a well-established REIT with a focus on commercial properties in prime locations. With a diverse portfolio and a commitment to sustainability and social responsibility, the company is well-positioned for continued success in the years to come.
Company Address: 401 Edgewater Place, Suite 200 Wakefield 1880 MA
Company Phone Number: 557-1300 Stock Exchange / Ticker: NYSEAMER FSP
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| Stock Performances by Major Competitors |
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| Franklin Street Properties Corp
Franklin Street Properties Corp has announced its financial results for the fiscal period ending March 31, 2024. The company experienced a significant decline in revenue, slipping into a loss per share, with both EPS and operating earnings witnessing a decline. Additionally, the level of accounts receivable has fallen, possibly indicating slowing demand. This article will provide an in-depth analysis of these financial results.
1. Slipping into Losses:
During the fiscal period ending March 31, 2024, Franklin Street Properties Corp reported a loss of $0.07 per share, compared to $0.02 in the previous year. This decline represents a challenging period for the company, highlighting potential difficulties in generating profits.
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| Franklin Street Properties Corp
klin Street Properties Corp, a leading Real Estate Investment Trusts company, has showcased a notable rebound in its fourth-quarter performance, achieving a profit of $0.03 per share compared to a loss of $0.03 per share a year ago. Additionally, income per share has turned positive, rising from -$0.44 to the positive territory. This positive shift in earnings highlights the company's resilience and potential for future growth.
Although revenue witnessed a substantial decline of approximately -15.6%, decreasing to $34.77 million from $41.21 million in the same quarter of the previous year, and a sequential decrease of -5.8% from $36.90 million, investors remain confident about Franklin Street Properties' potential for recovery.
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| Franklin Street Properties Corp
Franklin Street Properties Corp, a renowned real estate investment trust (REIT) company, recently unveiled its financial results for the time-frame closing September 30, 2023. Unfortunately, the company experienced a decline in revenue and a significant net loss. This article aims to interpret these financial results, analyze their implications, and question how they will impact the future of Franklin Street Properties Corp.
Decreased Demand and Revenue Loss:
Lower demand for Franklin Street Properties Corp's offerings resulted in a 9.631% decline in revenue compared to the previous year. With revenue falling to $36.90 million, the company faced a substantial challenge in maintaining profitability. The loss per stock at -$0.44 per share highlights the financial strain experienced during this period. This decline is further accentuated when juxtaposed with the 4.23% rise witnessed in the broader Real Estate Investment Trusts sector during the third quarter of 2023.
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| Franklin Street Properties Corp
Franklin Street Properties Corp (FSP) shares have seen a solid gain of 7.14% over the past five trading days, indicating positive investor sentiment. Furthermore, over the last month, FSP shares have increased by 17.02%. However, despite these gains, FSP shares are currently trading on the NYSEAMER at a significant 29.1% below its 52-week average.
The financial performance of FSP for the period closing on June 30, 2023, shows a loss of $-0.08 per share compared to $-0.09 per share in the previous year. Earnings per share also decreased from $0.02 per share in the preceding financial reporting period. The company's revenue experienced a substantial decline of -12.197%, reaching $36.27 million, compared to $41.30 million in the same period the previous year. Sequentially, revenue decreased by -3.974% from $37.77 million.
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| Franklin Street Properties Corp
Franklin Street Properties Corp has had an impressive first quarter of 2023, with a turnaround to profits that has delighted investors worldwide. The company's EPS of $0.02 per share is a clear improvement from the $-0.04 per share it recorded a year prior, and EPS has also turned positive from $-0.03 per share from the preceding reporting season. This is a significant achievement for the Real Estate Investment Trusts company, and it's undoubtedly a bullish sign for the future of the company.
While the revenue declined respectably by -10.64%, the company still recorded an improvement in net income, moving from a net shortfall of $-4.158 million in the similar reporting season a year ago to net income of $2.406 million in the first quarter of 2023. Essential to this remarkable improvement is the $2.59 million tax benefit the company received.
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| Per Share |
Current |
| Earnings (TTM) |
-0.64 $ |
| Revenues (TTM) |
1.12 $
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| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
6.12 $
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| Dividend (TTM) |
0.04 $ |
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| Per Share |
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| Earnings (TTM) |
-0.64 $
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| Revenues (TTM) |
1.12 $ |
| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
6.12 $ |
| Dividend (TTM) |
0.04 $ |
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| Real Estate Operations |
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 100 % |
of total Revenue |
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0.04%