See more : Khgears International Limited (4571.TW) Income Statement Analysis – Financial Results
Complete financial analysis of Franklin Street Properties Corp. (FSP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Franklin Street Properties Corp., a leading company in the REIT – Office industry within the Real Estate sector.
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Franklin Street Properties Corp. (FSP)
About Franklin Street Properties Corp.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 145.71M | 165.62M | 209.36M | 245.85M | 269.07M | 268.87M | 272.59M | 249.89M | 243.87M | 249.68M | 213.64M | 162.80M | 126.84M | 114.60M | 121.91M | 118.99M | 121.22M | 115.76M | 96.38M | 100.01M | -669.00K | -894.00K | -818.00K | -860.00K | -299.00K | 0.00 |
| Cost of Revenue | 77.93M | 87.44M | 101.94M | 115.33M | 120.18M | 116.56M | 117.05M | 105.48M | 100.55M | 98.89M | 82.72M | 60.35M | 20.43M | 18.17M | 19.23M | 17.74M | 16.76M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 67.78M | 78.18M | 107.42M | 130.52M | 148.88M | 152.31M | 155.54M | 144.41M | 143.32M | 150.79M | 130.92M | 102.45M | 106.41M | 96.43M | 102.68M | 101.25M | 104.46M | 115.76M | 96.38M | 100.01M | -669.00K | -894.00K | -818.00K | -860.00K | -299.00K | 0.00 |
| Gross Profit Ratio | 46.51% | 47.20% | 51.31% | 53.09% | 55.33% | 56.65% | 57.06% | 57.79% | 58.77% | 60.39% | 61.28% | 62.93% | 83.89% | 84.14% | 84.23% | 85.09% | 86.17% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% |
| Research & Development | 0.00 | 0.01 | 0.46 | 0.14 | 0.02 | 0.05 | -0.06 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 14.02M | 13.89M | 15.90M | 15.00M | 14.47M | 13.07M | 13.47M | 13.72M | 12.88M | 0.00 | 0.00 | 0.00 | 6.91M | 9.29M | 8.89M | 8.27M | 7.47M | 8.52M | 7.45M | 5.69M | 5.71M | 5.09M | 5.23M | 3.07M | 2.59M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 411.00K | 408.00K | 0.00 | 0.00 | 0.00 | 0.00 | 1.48M | 1.80M | 2.15M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 14.02M | 13.89M | 15.90M | 15.00M | 14.47M | 13.07M | 13.47M | 14.13M | 13.29M | 12.98M | 11.91M | 9.92M | 6.91M | 10.76M | 10.69M | 10.42M | 7.47M | 8.52M | 7.45M | 5.69M | 5.71M | 5.09M | 5.23M | 3.07M | 2.59M | 0.00 |
| Other Expenses | 0.00 | 63.81M | 78.54M | 88.56M | 90.91M | 94.23M | 101.26M | 93.05M | 91.36M | 95.92M | 78.84M | 54.87M | 115.09M | 88.24M | 85.31M | 81.58M | 84.53M | 60.48M | 37.55M | -54.68M | 37.52M | 23.81M | 20.96M | 6.70M | -1.15M | -1.68M |
| Operating Expenses | 67.78M | 77.69M | 94.44M | 103.56M | 105.38M | 107.30M | 114.73M | 107.18M | 104.65M | 108.90M | 90.75M | 64.79M | 122.00M | 99.00M | 96.00M | 92.00M | 92.00M | 69.00M | 45.00M | -49.00M | 43.23M | 28.91M | 26.19M | 9.77M | 1.44M | -1.68M |
| Cost & Expenses | 146.69M | 165.13M | 196.38M | 218.89M | 225.56M | 223.86M | 231.78M | 212.65M | 205.20M | 207.79M | 173.47M | 125.14M | 122.00M | 99.00M | 96.00M | 92.00M | 92.00M | 69.00M | 45.00M | -49.00M | 43.23M | 28.91M | 26.19M | 9.77M | 1.44M | -1.68M |
| Interest Income | 567.00K | 22.81M | 32.27M | 36.03M | 36.76M | 0.00 | 0.00 | 0.00 | 1.00K | 3.00K | 16.00K | 51.00K | 22.00K | 25.00K | 97.00K | 2.48M | 2.38M | 3.00M | 1.59M | 868.00K | 367.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 24.32M | 22.81M | 32.27M | 36.03M | 36.76M | 38.37M | 32.39M | 26.55M | 25.43M | 27.43M | 21.05M | 16.07M | 12.67M | 7.28M | 6.57M | 4.92M | 7.68M | 2.45M | 3.00M | 1.53M | 1.04M | 0.00 | 0.00 | 0.00 | 0.00 | -1.68M |
| Depreciation & Amortization | 54.74M | 165.13M | 196.38M | 247.16M | 266.65M | 264.93M | 266.35M | 232.12M | 93.27M | 98.55M | 80.90M | 57.57M | 50.21M | 40.99M | 36.56M | 30.44M | 35.51M | 32.09M | 22.25M | 13.24M | 9.67M | 4.95M | 4.80M | 4.61M | 3.23M | 0.00 |
| EBITDA | 57.93M | 66.06M | 93.98M | 118.23M | 126.99M | 133.13M | 140.95M | 130.59M | 130.49M | 113.01M | 119.73M | 96.92M | 81.13M | 66.39M | 70.00M | 66.83M | 79.95M | 79.38M | 65.79M | 64.26M | 52.23M | 0.00 | 0.00 | 0.00 | 0.00 | -1.68M |
| EBITDA Ratio | 39.76% | 39.89% | 44.89% | 48.09% | 51.02% | 55.20% | 51.71% | 52.48% | 53.51% | 55.55% | 56.04% | 59.78% | 63.96% | 57.93% | 57.42% | 56.17% | 65.95% | 68.57% | 68.26% | 64.25% | -7,806.73% | -3,686.58% | -3,687.65% | -1,572.91% | -1,461.54% | 0.00% |
| Operating Income | -984.00K | 482.00K | 12.97M | 26.96M | 43.50M | 51.80M | 37.20M | 36.40M | 37.22M | 14.47M | 19.13M | 21.64M | 30.91M | 25.40M | 33.44M | 36.39M | 44.44M | 47.29M | 43.54M | 51.02M | 42.56M | 28.01M | 25.37M | 8.91M | 1.14M | -1.68M |
| Operating Income Ratio | -0.68% | 0.29% | 6.20% | 10.97% | 16.17% | 19.27% | 13.65% | 14.57% | 15.26% | 5.79% | 8.96% | 13.29% | 24.37% | 22.16% | 27.43% | 30.58% | 36.66% | 40.85% | 45.17% | 51.01% | -6,361.58% | -3,133.22% | -3,101.22% | -1,036.51% | -380.94% | 0.00% |
| Total Other Income/Expenses | -46.85M | -48.94M | 98.65M | -146.04M | -36.76M | 6.79M | -56.35M | -28.44M | -3.22M | -28.25M | -22.40M | -14.01M | -10.34M | -7.28M | -579.00K | -490.00K | 647.00K | 3.85M | 11.21M | 1.49M | -1.04M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | -47.83M | 1.30M | 92.93M | 32.87M | 6.74M | 13.43M | -15.54M | 8.80M | 35.45M | 13.65M | 17.77M | 23.68M | 18.25M | 18.11M | 26.87M | 31.47M | 36.75M | 44.84M | 40.54M | 49.49M | 41.52M | 28.01M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | -32.83% | 0.78% | 44.39% | 13.37% | 2.51% | 4.99% | -5.70% | 3.52% | 14.54% | 5.47% | 8.32% | 14.54% | 14.39% | 15.81% | 22.04% | 26.45% | 30.32% | 38.73% | 42.06% | 49.48% | -6,206.73% | -3,133.22% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 279.00K | 204.00K | 638.00K | 250.00K | 269.00K | 360.00K | 400.00K | 418.00K | 433.00K | 498.00K | 480.00K | 335.00K | 267.00K | 217.00K | -579.00K | -490.00K | 647.00K | 839.00K | 422.00K | 1.73M | 1.70M | 699.00K | 0.00 | 0.00 | 0.00 | 1.68M |
| Net Income | -48.11M | 1.09M | 92.72M | 32.62M | 6.48M | 13.07M | -15.94M | 8.38M | 35.01M | 13.15M | 19.83M | 7.63M | 43.52M | 22.09M | 27.87M | 31.96M | 61.09M | 110.93M | 75.12M | 47.76M | 46.38M | 27.31M | 25.37M | 8.91M | 1.14M | -1.68M |
| Net Income Ratio | -33.02% | 0.66% | 44.29% | 13.27% | 2.41% | 4.86% | -5.85% | 3.35% | 14.36% | 5.27% | 9.28% | 4.69% | 34.31% | 19.28% | 22.86% | 26.86% | 50.39% | 95.83% | 77.94% | 47.76% | -6,932.74% | -3,055.03% | -3,101.22% | -1,036.51% | -380.94% | 0.00% |
| EPS | -0.47 | 0.01 | 0.87 | 0.30 | 0.06 | 0.12 | -0.15 | 0.08 | 0.35 | 0.13 | 0.21 | 0.09 | 0.53 | 0.28 | 0.38 | 0.45 | 0.86 | 1.65 | 1.32 | 0.96 | 1.18 | 1.11 | 1.03 | 0.47 | 0.09 | -0.03 |
| EPS Diluted | -0.47 | 0.01 | 0.87 | 0.30 | 0.06 | 0.12 | -0.15 | 0.08 | 0.35 | 0.13 | 0.21 | 0.09 | 0.53 | 0.28 | 0.38 | 0.45 | 0.86 | 1.65 | 1.32 | 0.96 | 1.18 | 1.11 | 1.03 | 0.47 | 0.09 | -0.03 |
| Weighted Avg Shares Out | 103.36M | 103.34M | 106.67M | 107.30M | 107.23M | 107.23M | 107.23M | 102.84M | 100.19M | 100.19M | 93.86M | 82.94M | 81.86M | 79.83M | 73.00M | 70.48M | 70.65M | 67.16M | 56.91M | 49.75M | 39.31M | 24.61M | 24.63M | 18.97M | 12.00M | 49.63M |
| Weighted Avg Shares Out (Dil) | 103.36M | 103.34M | 106.67M | 107.30M | 107.23M | 107.23M | 107.23M | 102.84M | 100.19M | 100.19M | 93.86M | 82.94M | 81.86M | 79.83M | 73.00M | 70.48M | 70.65M | 67.16M | 56.91M | 50.13M | 39.31M | 24.61M | 24.63M | 18.97M | 12.00M | 50.13M |
Franklin Street Properties Corp. (FSP) Q4 2023 Earnings Call Transcript
Franklin Street Properties Corp. (FSP) Q4 2023 Earnings Call Transcript
Franklin Street Properties (FSP) Q4 FFO Meet Estimates
Franklin Street Properties (FSP) came out with quarterly funds from operations (FFO) of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.10 per share a year ago.
Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2023 Results
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, 2023. George J. Carter, Chairman and Chief...
Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2023 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 2023 after the market closes...
Franklin Street Properties: No Dividends And Wall Of Debt
FSP trading at an 8.8x multiple to its annualized third-quarter FFO is comparatively expensive against its 1.7% dividend yield and 74.8% lease rate. The office REIT is currently trading significantly below its $6.88 book value per share. 2024 is set...
Franklin Street Properties Corp. Announces Tax Composition of 2023 Distributions
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”) (NYSE American: FSP) announced today the tax composition of its 2023 distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of FSP distributions. Ticker Symbol:...
Franklin Street Properties Corp. Declares Quarterly Dividend
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a quarterly dividend of $0.01 per share of common stock for the period October 1, 2023 through December 31,...
Hot Potatoes: 6 Potentially Overpriced REITs Yielding Less Than 5%
After the brutal sell-off of the last two years, REITs are poised for a surge. However, this upswing will not benefit all REITs equally. Cautious investors can now get about 5% with little or no risk, so why invest in...
Franklin Street Properties: Q3 Results In - Still Bullish
Franklin Street Properties reports further property sales in their Q3 release. Despite the decline in leased space, FSP still reports positive funds from operations and continues to pay quarterly dividends. FSP's ongoing efforts to sell properties and unlock shareholder value...
Franklin Street Properties Corporation (FSP) Q3 2023 Earnings Call Transcript
Franklin Street Properties Corporation (NYSE:FSP ) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - CEO & Chairman...
Source: https://incomestatements.info
Category: Stock Reports