FSP
Franklin Street PropertiesFSP
FSP
About: Franklin Street Properties Corp is a real estate investment trust. The company is focused on commercial real estate investments in office markets and currently operate in only one segment: real estate operations. The company's operations include rental income from real estate leasing, interest income from secured loans made on office properties, property dispositions, and fee income from asset/property management and development. Franklin Street markets Atlanta, Dallas, Denver, Houston, and Minneapolis.
Employees: 28
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
38% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 13
11% more capital invested
Capital invested by funds: $101M [Q2] → $113M (+$11.4M) [Q3]
4% more funds holding
Funds holding: 115 [Q2] → 120 (+5) [Q3]
3% more call options, than puts
Call options by funds: $61K | Put options by funds: $59K
3% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 36
2.63% less ownership
Funds ownership: 63.91% [Q2] → 61.28% (-2.63%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for FSP.
Financial journalist opinion
Negative
Seeking Alpha
1 week ago
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office REITs reported quarter-over-quarter declines during the third quarter, while eight recorded gains. US office REIT stocks outperformed the Dow Jones Equity All REIT Index during the third quarter as well as the S&P 500.
Neutral
Business Wire
3 weeks ago
Franklin Street Properties Corp. Appoints Bruce J. Schanzer to Board of Directors and Enters into Cooperation Agreement with Converium Capital Inc. and Erez Asset Management LLC
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that Bruce J. Schanzer will join the Company's Board of Directors (the “Board”), effective November 27, 2024. In addition, effective November 27, 2024, the Board will appoint Mr. Schanzer to serve as a member of the Audit Committee. With the addition of Mr. Schanzer to the Board, effective November 27, 2024, the Board will be c.
Neutral
Seeking Alpha
1 month ago
Franklin Street Properties Corporation (FSP) Q3 2024 Earnings Call Transcript
Franklin Street Properties Corporation. (NYSE:FSP ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeff Carter - President & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Operator Good morning.
Neutral
Business Wire
1 month ago
Franklin Street Properties Corp. Announces Third Quarter 2024 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 third quarter ended September 30, 2024. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the fourth quarter of 2024 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate assets. We.
Neutral
Business Wire
2 months ago
Franklin Street Properties Corp. to Announce Third Quarter 2024 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 third quarter 2024 after the market closes on Tuesday, October 29, 2024. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, October 30, 2024. To access the call, please dial 888-440-4368 and use.
Negative
Seeking Alpha
2 months ago
Franklin Street Properties: Buying Hand Over Fist
Franklin Street Properties is a REIT trading below book value, with stabilized prices after a significant decline and a current price of $1.60. Lower interest rates and a modest uptick in the commercial real estate market create favorable conditions for FSP, enhancing its income and refinancing flexibility. Using sale-price-multiples, FSP's real estate assets are valued at ~$0.89b, lower than the previous ~$1.09b estimate, but still indicating strong potential returns.
Neutral
Business Wire
2 months ago
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 July 1, 2024 through September 30, 2024, payable on November 7, 2024 to stockholders of record as of October 18, 2024. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be.
Positive
Seeking Alpha
4 months ago
Franklin Street Properties: Continuing On Its Course
Franklin Street Properties is a REIT trading massively below its estimated asset value. The company's stock price recovered slightly from recent lows. The company continues to focus on debt repayment through property sales, with a recent sale reducing debt by $25.3m.
Neutral
Seeking Alpha
4 months ago
Franklin Street Properties Corporation (FSP) Q2 2024 Earnings Call Transcript
Franklin Street Properties Corporation (NYSE:FSP ) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeff Carter - President & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Operator Thank you for standing by. My name is Danica, and I will be your conference operator today.
Neutral
Business Wire
4 months ago
Franklin Street Properties Corp. Announces Second Quarter 2024 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 second quarter ended June 30, 2024. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the third quarter of 2024 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate assets. We will.
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