Franklin Street Properties Corp. (FSP) Income Statement Analysis

See more : YIHO International Co., Ltd. (7590.TWO) 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)

Industry: REIT - Office

Sector: Real Estate

Website: https://www.fspreit.com

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	57.20M	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 (FSP) Lags Q4 FFO and Revenue Estimates

February 15, 2022zacks.com

Franklin Street (FSP) delivered FFO and revenue surprises of -16.67% and 2.43%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2021 Results

February 15, 2022businesswire.com

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, 2021. Significant Debt Reduction and New Revolving...

Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2021 Results

February 8, 2022businesswire.com

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 2021 after the market closes...

Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2021 Results

February 8, 2022businesswire.com

Franklin Street Properties Corp. Elects New Director to Board of Directors

February 8, 2022businesswire.com

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), today announced the election of Milton P. Wilkins, Jr. to its Board of Directors (the “Board”), effective as of...

Franklin Street Properties Corp. Announces Tax Composition of 2021 Distributions

January 18, 2022businesswire.com

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”) (NYSE American: FSP) announced today the tax composition of its 2021 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 Regular Quarterly Dividend and Introduces Property Disposition Guidance for Full-Year 2022

January 14, 2022businesswire.com

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a regular quarterly dividend of $0.09 per share of common stock for the period October 1, 2021 through December...

Franklin Street Properties Corp. Declares Special Cash Dividend

December 3, 2021businesswire.com

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a special cash dividend of $0.32 per share of common stock payable on January 12, 2022 to stockholders of...

Franklin Street Properties Corp. Announces the Completion of the Sale of Meadow Point and 4807 Stonecroft in Chantilly, Virginia for Aggregate Gross Proceeds of $40 Million

November 16, 2021businesswire.com

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today the completion of the sale of Meadow Point and 4807 Stonecroft in Chantilly, Virginia (together, the “Properties”)...