Franklin Street Properties Corp (FSP) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Franklin Street Properties reported revenue of $107.2M, down 10.8% from $120.1M the year before. Net income was -$45.0M (a -42.0% net margin), or -$0.43 per diluted share. Gross margin was 60.8% and operating margin was 9.4%. Operating activities generated $3.8M of cash, leaving -$12.7M of free cash flow. At fiscal year end, Franklin Street Properties held $892.9M in total assets against $285.9M in total liabilities, including $30.6M of cash and equivalents.
Open the full interactive Franklin Street Properties financials → Quarterly statements, key ratios, valuation history and price charts.
Franklin Street Properties Key Stats
| Share Price | $0.40 |
|---|---|
| Market Cap | $41.5M |
| Revenue YoY Growth | -10.8% |
| 52-Week Range | $0.30 – $1.43 |
| Shares Outstanding | 103.8 million (basic, 2026 Q2) |
Franklin Street Properties Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $245.8M | $209.4M | $165.6M | $145.7M | $120.1M | $107.2M |
| Cost of Goods Sold | $66.9M | $60.9M | $52.8M | $50.7M | $45.0M | $42.0M |
| Gross Profit | $178.9M | $148.5M | $112.8M | $95.0M | $75.1M | $65.1M |
| Operating Income | $75.4M | $54.0M | $35.1M | $26.2M | $16.4M | $10.1M |
| Pre-Tax Income | $32.9M | $92.9M | $1.3M | -$47.8M | -$52.5M | -$44.8M |
| Income Tax | $250,000 | $638,000 | $204,000 | $279,000 | $216,000 | $189,000 |
| Net Income | $32.6M | $92.7M | $1.1M | -$48.1M | -$52.7M | -$45.0M |
| Diluted EPS | $0.30 | $0.87 | $0.01 | -$0.47 | -$0.51 | -$0.43 |
Franklin Street Properties Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $27.3M | $26.0M | $26.2M | $26.4M |
| Net Income | -$8.3M | -$7.3M | -$9.5M | -$16.6M |
| Diluted EPS | -$0.08 | -$0.07 | -$0.09 | -$0.16 |
Franklin Street Properties Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.6M | $34.3M | $3.7M | $125.5M | $41.1M | $30.6M |
| Total Assets | $1.79B | $1.36B | $1.24B | $1.17B | $946.9M | $892.9M |
| Total Long-Term Debt | $920.0M | $473.6M | $412.3M | $404.4M | $246.9M | $248.2M |
| Total Liabilities | $1.03B | $581.0M | $472.9M | $456.5M | $291.1M | $285.9M |
| Shareholders' Equity | $768.1M | $783.2M | $768.7M | $712.8M | $655.9M | $607.0M |
Franklin Street Properties Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $68.4M | $36.4M | $15.2M | $17.9M | $9.0M | $3.8M |
| Cash From Investing | $11.0M | $505.5M | $74.0M | $113.6M | $70.3M | -$10.3M |
| Cash From Financing | -$85.1M | -$505.2M | -$123.4M | -$10.3M | -$164.5M | -$5.6M |
| Free Cash Flow | -$9.5M | -$28.5M | -$39.7M | -$13.8M | -$16.2M | -$12.7M |
Figures from Franklin Street Properties' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Franklin Street Properties financials page for every line item.
Franklin Street Properties Company Profile
| Ticker | FSP |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Wakefield, Massachusetts |
| Incorporated in | Massachusetts |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001031316 |
Frequently Asked Questions
What was Franklin Street Properties' revenue in fiscal 2025?
Franklin Street Properties (FSP) reported revenue of $107.2M for fiscal 2025.
What is Franklin Street Properties' annual revenue history?
Franklin Street Properties' annual revenue by fiscal year: 2020: $245.8M; 2021: $209.4M; 2022: $165.6M; 2023: $145.7M; 2024: $120.1M; 2025: $107.2M.
What was Franklin Street Properties' net income in fiscal 2025?
Franklin Street Properties reported net income of -$45.0M for fiscal 2025.
What was Franklin Street Properties' earnings per share (EPS) in fiscal 2025?
Franklin Street Properties' diluted EPS was -$0.43 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Franklin Street Properties generate in fiscal 2025?
Franklin Street Properties generated -$12.7M of free cash flow in fiscal 2025.
What was Franklin Street Properties' revenue last quarter?
In its most recent reported quarter (2026 Q2), Franklin Street Properties reported revenue of $26.4M.
How much debt does Franklin Street Properties have?
Franklin Street Properties reported $248.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Franklin Street Properties are outstanding?
Franklin Street Properties reported a weighted average of 103.8 million basic shares outstanding in 2026 Q2.
What is Franklin Street Properties' market cap?
Based on its latest closing price, Franklin Street Properties (FSP) has a market capitalization of about $41.5M.
When does Franklin Street Properties' fiscal year end?
Franklin Street Properties' fiscal year end, as registered with the SEC, is December 31.
Where is Franklin Street Properties headquartered?
Franklin Street Properties lists its business address in Wakefield, Massachusetts in its SEC filings.