Franklin Street Properties Corp. (FSP) AI Stock Analysis

Franklin Street Properties Corp., based in Wakefield, Massachusetts, specializes in acquiring infill and central business district (CBD) office properties across the U.S. Sunbelt, Mountain West regions, and select opportunistic markets. Operating as a Maryland corporation structured as a real estate investment trust (REIT) for federal income tax purposes, the company targets value-oriented investments providing potential for long-term growth, capital appreciation, and current income generation. FSP actively manages its portfolio in prime urban locations and emerging metropolitan areas to enhance property performance and navigate complex commercial real estate markets.

FSP has experienced sustained top-line contraction, with annual revenue moving from $209.4M in FY2021 to $165.6M in FY2022, $145.7M in FY2023, $120.1M in FY2024, and $107.2M in FY2025. This reflects a five-year revenue CAGR of -15.3%. Operating margin decreased from 6.2% in FY2021 to -7.6% in FY2025. Net income was -$45.0M in FY2025 compared to $92.7M in FY2021, with net margin at -42.0%. For the trailing twelve months, revenue totaled $105.9M with an operating margin of -3.9%. In the latest quarter ended June 30, 2026, quarterly revenue fell 1.3% year-over-year, while quarterly earnings grew 317.6%.

As of June 30, 2026, Franklin Street Properties Corp. held $22.5M in cash and short-term investments against total debt of $254.1M, yielding net debt of $231.6M. Total assets stood at $864.9M and shareholders' equity was $580.0M, resulting in a debt-to-equity ratio of 0.44 and a current ratio of 2.53. In FY2025, operating cash flow was $3.8M and free cash flow was -$12.7M. Cash outlays during FY2025 included $16.4M for capital expenditures and $4.1M paid in dividends.

At a closing price of $0.38, FSP has a market capitalization of $39.8M and an enterprise value of $267.0M. The stock trades at an EV to EBITDA multiple of 8.3x and a price-to-sales ratio of 0.4x, both lower than the median of its US-listed Real Estate peers at 14.7x EV to EBITDA and 3.7x price-to-sales. However, its forward P/E ratio of 256.4x is higher than the peer median forward P/E of 23.5x. FSP shares dropped 72.8% over the past year, trailing the S&P 500 return of 16.8%.

Wall Street coverage includes 1 analyst who maintains a Hold rating, with 0 Buy or Sell ratings. The mean price target is $1.25, representing a 228.9% premium over the last close of $0.38. For the next fiscal year, the consensus EPS estimate is -$0.32, reflecting projected EPS growth of 28.9%, with revenue estimated at $0. Over the last four quarters, FSP beat EPS estimates twice. The company's next earnings report is scheduled for October 27, 2026.

This page is an AI-written research summary of Franklin Street Properties Corp. (FSP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: FSP income statement, FSP balance sheet, FSP key metrics, FSP analyst forecast, FSP chart. See the FSP stock overview for the latest quote and news.