Franklin Street Properties Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $46.1M
- Price
- $0.4449
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.27%
- Volume
- 78.3K
About
Franklin Street Properties Corp. (FSP), a company based in Wakefield, Massachusetts, specializes in acquiring and developing office real estate. Its investment focus centers on properties within central business districts (CBDs) and other dense urban "infill" locations across the U.S. Sunbelt and Mountain West areas, as well as carefully selected emerging markets. FSP adopts a value-oriented investment approach, aiming to secure assets that promise both significant long-term growth and capital appreciation, alongside reliable current income. As a Maryland corporation, the firm is structured and managed to meet the necessary criteria for classification as a Real Estate Investment Trust (REIT) under federal income tax law.
Quick stats
Shares outstanding103.7M
Computed float92.1M
Float / shares88.9%
Key info
SectorReal Estate
IndustryREIT - Office
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001031316
Websitehttps://www.fspreit.com
AI Summary
AI-generated1/10
standardmixedearnings
Franklin Street Properties Corp. Announces Second Quarter 2026 Results
Franklin Street Properties reported Q2 revenue of $26.4 million, down 1.3% year-over-year, with a GAAP net loss of $16.6 million. FFO came in at $0.02 per share, while AFFO was $0.01 per share.
The company is proceeding with an expanded strategic review led by BofA Securities and JLL. It recently refinanced debt and sold the Greenwood Plaza property for $19.4 million, using $8.5 million of proceeds to repay debt.
The Board suspended the quarterly dividend in March 2026 to preserve capital, estimated to save $4.1 million annually. Occupancy fell to 67.4% from 68.9% at year-end 2025.
Red flags
- GAAP net loss of $16.6 million
- Occupancy declined to 67.4% from 68.9%
- Quarterly dividend suspended indefinitely