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Financials · FSP

Franklin Street Properties Corp. (FSP) financials

For the twelve months ended Sep 30, 2026, Franklin Street Properties Corp. reported $103.55M of revenue and -$42.56M of net income.

Revenue, TTM
$103.55M
Revenue growth, YoY
-5.4%
Net income, TTM
-$42.56M
Net margin
-41.1%
Free cash flow, TTM
-$5.01M
EPS, diluted, TTM
-$0.40
Cash
$34.25M
P/S
0.44
Market cap
$45.2M
Annual revenue$107.16M
FY2016FY2025
Annual net income-$44.96M
FY2016FY2025
Annual free cash flow-$12.66M
FY2016FY2025

FSP revenue and earnings growth

FSP revenueQ3 2026$24.93M

Quarter YoY
-8.7%
QoQ
-5.4%
FY YoY
-10.8%
5Y CAGR
-15.3%
10Y CAGR
-7.9%

FSP revenue was $24.93M in fiscal Q3 2026 (ended Sep 30, 2026), down 8.7% from a year earlier and down 5.4% from the prior quarter. For the full fiscal 2025 it was $107.16M, down 10.8% from fiscal 2024. Compound annual growth was -15.3% over 5 years and -7.9% over 10 years. It rose in 3 of the last 10 fiscal years.

FSP net incomeQ3 2026-$9.10M

FSP net income was -$9.10M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$8.33M a year earlier. For the full fiscal 2025 it was -$44.96M, compared with -$52.72M in fiscal 2024.

FSP EPSQ3 2026-$0.09

FSP diluted EPS was -$0.09 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.08 a year earlier. For the full fiscal 2025 it was -$0.43, compared with -$0.51 in fiscal 2024.

FSP free cash flowQ3 2026$2.92M

Quarter YoY
-2.5%

FSP free cash flow was $2.92M in fiscal Q3 2026 (ended Sep 30, 2026), down 2.5% from a year earlier. For the full fiscal 2025 it was -$12.66M, compared with -$16.23M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$107.16M$120.11M$145.71M$165.62M$209.36M$245.85M$269.06M$268.87M$272.59M$249.89M
Cost of revenue$42.04M$45.04M$50.73M$52.82M$60.88M$66.94M$72.31M$70.70M$71.21M-
Gross profit$65.12M$75.07M$94.97M$112.80M$148.48M$178.91M$196.75M$198.17M$201.38M-
Selling, general and admin$12.43M$13.88M$14.02M$13.88M$15.90M$15.00M$14.47M$13.07M$13.47M$14.13M
Operating income-------$6.64M$8.42M$10.69M
Interest expense--$24.32M$22.81M$32.27M$36.03M$36.76M$38.37M$32.39M$26.55M
Pre-tax income-$44.77M-$52.51M-$47.83M$1.30M$92.93M$32.87M$6.74M$6.64M-$11.94M$8.80M
Income tax$189.0K$216.0K$279.0K$204.0K$638.0K$250.0K$269.0K$360.0K$400.0K$418.0K
Net income-$44.96M-$52.72M-$48.11M$1.09M$92.72M$32.62M$6.47M$13.07M-$15.94M$8.38M
EPS, basic-$0.43-$0.51-$0.47$0.01$0.87$0.30$0.06$0.12-$0.15$0.08
EPS, diluted-$0.43-$0.51-$0.47$0.01$0.87$0.30$0.06$0.12-$0.15$0.08
Diluted shares103.6M103.5M103.4M103.3M106.7M107.3M107.2M107.2M107.2M102.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$30.57M$42.68M$127.88M$6.63M$40.75M$4.15M$9.79M$11.18M$9.82M$9.37M
Total assets$892.88M$946.93M$1.17B$1.24B$1.36B$1.79B$1.84B$1.90B$1.99B$2.09B
Total liabilities$285.91M$291.07M$456.52M$472.93M$580.97M$1.03B$1.06B$1.06B$1.12B$1.13B
Shareholders' equity$606.98M$655.86M$712.80M$768.74M$783.20M$768.09M$786.40M$837.63M$871.29M$962.04M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$3.75M$8.99M$17.87M$15.23M$36.36M$68.45M$81.92M$80.20M$95.94M$94.38M
Capital expenditures$16.41M$25.21M$31.64M$54.91M$64.83M$77.92M$70.75M$51.06M$54.19M$37.41M
Free cash flow-$12.66M-$16.23M-$13.77M-$39.68M-$28.47M-$9.47M$11.17M$29.14M$41.76M$56.97M
Investing cash flow-$10.31M$70.28M$113.64M$74.04M$505.47M$11.04M-$19.62M$25.64M-$5.09M-$244.97M
Financing cash flow-$5.56M-$164.47M-$10.25M-$123.39M-$505.24M-$85.13M-$63.69M-$104.49M-$90.40M$141.77M
Dividends paid$4.14M$4.14M$4.13M$53.99M$38.49M$38.63M$38.60M$49.33M$81.50M$77.48M
Share repurchases---$4.84M$18.24M-----
Stock-based compensation$225.0K$270.0K$315.0K$394.0K$338.0K$337.0K$337.0K---
Depreciation and amortization$45.33M$47.74M$57.24M$65.70M$81.04M$91.58M$93.79M$97.17M$103.74M$95.24M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-10.8%-17.6%-12.0%-20.9%-14.8%-8.6%0.1%-1.4%9.1%2.5%
Net income growth, YoY----98.8%184.3%403.7%-50.5%---76.1%
EPS growth, YoY----98.9%190.0%400.0%-50.0%---77.1%
Gross margin60.8%62.5%65.2%68.1%70.9%72.8%73.1%73.7%73.9%-
Operating margin-------2.5%3.1%4.3%
Net margin-42.0%-43.9%-33.0%0.7%44.3%13.3%2.4%4.9%-5.8%3.4%
Free cash flow margin-11.8%-13.5%-9.5%-24.0%-13.6%-3.9%4.2%10.8%15.3%22.8%
Return on equity-7.4%-8.0%-6.7%0.1%11.8%4.2%0.8%1.6%-1.8%0.9%
Return on assets-5.0%-5.6%-4.1%0.1%6.8%1.8%0.4%0.7%-0.8%0.4%

Source: XBRL data Franklin Street Properties Corp. files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FSP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FSP$103.55M-5.4%-$42.56M-41.1%$45.2M
WELL$13.79B+39.2%$1.67B12.1%$179.74B
PLD$8.95B+6.7%$3.71B41.5%$120.67B
EQIX$10.06B+11.1%$1.65B16.4%$100.25B
AMT$11.01B+5.3%$3.31B30.1%$87.55B
SPG$6.94B+15.0%$4.62B66.5%$73.91B
DLR$6.34B+12.6%$1.38B21.7%$65.90B
PSA$5.03B+5.2%$1.90B37.8%$63.05B
O$6.21B+10.8%$1.36B21.8%$56.15B

FSP FAQ

9 questions
  • What is FSP revenue?
    Franklin Street Properties Corp. (FSP) reported $103.55M of revenue for the twelve months ended Sep 30, 2026. That is down 5.4% from the year before. Revenue for fiscal 2025 was $107.16M.
  • Is FSP profitable?
    No. Franklin Street Properties Corp. reported a net loss of $42.56M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does FSP have?
    Franklin Street Properties Corp. reported $34.25M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FSP revenue growing?
    Franklin Street Properties Corp.'s revenue changed -10.8% in fiscal 2025, to $107.16M. Its compound annual growth rate was -15.3% over 5 years and -7.9% over 10 years.
  • What is FSP gross margin?
    Franklin Street Properties Corp.'s gross profit was $62.09M on $103.55M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 60.0%.
  • What is FSP free cash flow?
    Franklin Street Properties Corp. generated -$5.01M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $8.55M less capital expenditures.
  • What is FSP earnings per share?
    Diluted earnings per share were -$0.40 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FSP last report financial results?
    The latest statements here come from Franklin Street Properties Corp.'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.
  • Where does this FSP financial data come from?
    Quantisnow builds these statements from the structured XBRL data Franklin Street Properties Corp. files with the SEC. It is provided for information only and is not investment advice.