Plutux
$0.40
-0.12%
2026-08-31 16:00:00 EDT-$0.00
Real Estate
REIT - Office
AMEX
Active Trading

Franklin Street Properties Corp. (FSP), a company based in Wakefield, Massachusetts, specializes in acquiring and developing office real estate. Its investment focus ...

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$0.40
-0.12%-$0.00
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Franklin Street Properties Corp. (FSP) is a Maryland-incorporated REIT that began operations in 1997 in Wakefield, Massachusetts, and became publicly traded on the NYSE Arca (AMEX) in June 2005 under the symbol FSP. The company specializes in the acquisition, development, and management of office real estate, with a strategic focus ...Franklin Street Properties Corp. (FSP) is a Maryland-incorporated REIT that began operations in 1997 in Wakefield, Massachusetts, and became publicly traded on the NYSE Arca (AMEX) in June 2005 under the symbol FSP. The company specializes in the acquisition, development, and management of office real estate, with a strategic focus on central business districts (CBDs) and 'infill' locations—dense urban areas—in the U.S. Sunbelt and Mountain West regions, as well as carefully selected emerging markets. FSP adopts a value-oriented investment approach, targeting properties that provide potential for long-term appreciation and stable current income, while structuring its portfolio to qualify as a REIT under federal tax law. As of the latest data, FSP has a market capitalization of approximately $45.8 million, with a stock price of $0.44, and employs 28 full-time employees. The company's financial metrics indicate a challenging period, with negative net income and return on equity, though it maintains a reasonable liquidity position with a current ratio of 2.53. FSP's real estate operations include property acquisitions and dispositions, leasing, development, and property management. The company is led by CEO George John Carter, who also serves as Chairman of the Board since 2002, with Jeffrey Carter as President and Chief Investment Officer. The company's portfolio includes office properties in metropolitan areas, and it generates revenue through rental income. Despite recent financial headwinds, FSP remains committed to its investment strategy, focusing on long-term growth and shareholder value. The company's website (fspreit.com) provides investor relations information, including quarterly results and property details. With a focus on urban office spaces, FSP is positioned within the REIT - Office industry, and its performance is influenced by trends in office demand, urban development, and interest rates. The company's dividend policy, as reflected in a recent dividend of $0.04 per share, indicates a commitment to returning value to shareholders, albeit with a payout ratio that is currently negative due to losses. Moving forward, FSP aims to navigate the evolving office market by leveraging its expertise in location selection and asset management to drive long-term value. Given its small size, FSP operates in a niche segment, competing with larger office REITs but differentiating through its focus on infill locations. The company's financial health, as indicated by a debt-to-equity ratio of 0.44, suggests moderate leverage, and its operating cash flow coverage of 0.94 times debt service indicates it can meet its obligations. As of 2025, FSP continues to adapt to market conditions, focusing on portfolio optimization and cost management to improve profitability and sustain its REIT status.
Founded
1997
Employees
28
CEO
George John Carter
Full Name
Franklin Street Properties Corp.
Sector
Real Estate
Industry
REIT - Office
ROE
-6.97%
Market Cap
$0.04B
Current Ratio
2.53
WACC
9.46%
ROIC
-54.05%

Contact Information

781-557-1300
401 Edgewater Place, Wakefield, MA 01880

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