Franklin Street Properties Corp. (FSP) Key Metrics
FSP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $39.8M
- Enterprise value
- $267.0M
- P/E (TTM)
- — 10-yr median 96.4
- Forward P/E
- 256.4
- PEG ratio
- 9.82
- Price / sales
- 0.4 10-yr median 2.2
- Price / book
- 0.1 10-yr median 0.7
- EV / EBITDA
- 8.3 10-yr median 13.1
- Dividend yield
- 5.22% $0.02 a year
- Beta
- 0.86
FSP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFSP valuation Price multiples at each fiscal year-end price.
FSP returns How much profit the business earns on the capital it uses.
FSP per-share figures Results divided by the shares outstanding at year-end.
FSP financial health Debt, liquidity and how easily interest is covered.
FSP efficiency & capital use Working capital cycle and where the cash goes.
FSP valuation history
FSP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FSP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FSP cash returned to shareholders
FSP price vs earnings per share
FSP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $98.5M | $189.4M | $264.6M | $282.1M | $634.7M | $468.9M | $917.9M | $668.0M | $1.15B | $1.33B |
| Enterprise value | $316.4M | $395.9M | $543.8M | $691.4M | $1.07B | $1.56B | $1.88B | $1.65B | $2.26B | $2.38B |
| P/E ratio | — | — | — | 257.9 | 6.8 | 14.4 | 141.8 | 51.1 | — | 159.1 |
| Price / sales | 0.9 | 1.6 | 1.8 | 1.7 | 3.0 | 1.9 | 3.4 | 2.5 | 4.2 | 5.3 |
| Price / book | 0.2 | 0.3 | 0.4 | 0.4 | 0.8 | 0.6 | 1.2 | 0.8 | 1.3 | 1.4 |
| Price / free cash flow | — | — | — | — | — | — | 82.2 | 22.9 | 27.7 | — |
| Price / operating cash flow | 26.2 | 21.1 | 14.8 | 18.5 | 17.5 | 6.9 | 11.2 | 8.3 | 12.0 | 14.1 |
| EV / sales | 3.0 | 3.3 | 3.7 | 4.2 | 5.1 | 6.3 | 7.0 | 6.1 | 8.3 | 9.5 |
| EV / EBITDA | 12.5 | 18.3 | 16.1 | 7.7 | 5.2 | 9.7 | 13.7 | 11.7 | 18.2 | 18.2 |
| EV / free cash flow | — | — | — | — | — | — | 168.5 | 56.7 | 54.2 | — |
| Earnings yield | −45.7% | −27.8% | −18.2% | 0.4% | 14.6% | 7.0% | 0.7% | 2.0% | −1.4% | 0.6% |
| Free cash flow yield | −12.9% | −8.6% | −5.2% | −14.1% | −4.5% | −2.0% | 1.2% | 4.4% | 3.6% | −16.2% |
| Dividend yield | 4.2% | 2.2% | 1.6% | 19.1% | 6.1% | 8.2% | 4.2% | 7.4% | 7.1% | 5.8% |
| Shareholder yield (dividends + buybacks) | 4.2% | 2.2% | 1.6% | 20.9% | 8.9% | 8.2% | 4.2% | 7.4% | 7.1% | 5.8% |
| Share price at fiscal year-end | $0.95 | $1.83 | $2.56 | $2.73 | $5.95 | $4.37 | $8.56 | $6.23 | $10.74 | $12.96 |
| Per share | ||||||||||
| Revenue per share | $1.03 | $1.16 | $1.41 | $1.60 | $1.96 | $2.29 | $2.51 | $2.51 | $2.54 | $2.43 |
| Earnings per share | −$0.43 | −$0.51 | −$0.47 | $0.01 | $0.87 | $0.30 | $0.06 | $0.12 | −$0.15 | $0.08 |
| Operating cash flow per share | $0.04 | $0.09 | $0.17 | $0.15 | $0.34 | $0.64 | $0.76 | $0.75 | $0.89 | $0.92 |
| Free cash flow per share | −$0.12 | −$0.16 | −$0.13 | −$0.38 | −$0.27 | −$0.09 | $0.10 | $0.27 | $0.39 | −$2.10 |
| Cash per share | $0.29 | $0.40 | $1.21 | $0.04 | $0.38 | $0.02 | $0.09 | $0.10 | $0.09 | $0.09 |
| Book value per share | $5.86 | $6.34 | $6.90 | $7.44 | $7.34 | $7.16 | $7.33 | $7.81 | $8.13 | $9.35 |
| Tangible book value per share | $5.83 | $6.30 | $6.83 | $7.34 | $7.20 | $6.90 | $6.95 | $7.26 | $7.32 | $8.13 |
| Dividends per share | $0.04 | $0.04 | $0.04 | $0.52 | $0.36 | $0.36 | $0.36 | $0.46 | $0.76 | $0.75 |
| Capex per share | $0.16 | $0.24 | $0.31 | $0.53 | $0.61 | $0.73 | $0.66 | $0.48 | $0.51 | $3.02 |
| Debt per share | $2.40 | $2.39 | $3.92 | $4.00 | $4.50 | $10.15 | $9.08 | $9.27 | $10.40 | $10.27 |
| Shares outstanding | 103.6M | 103.5M | 103.4M | 103.3M | 106.7M | 107.3M | 107.2M | 107.2M | 107.2M | 102.8M |
| Change in shares outstanding | +0.1% | +0.1% | +0.0% | −3.1% | −0.6% | +0.1% | +0.0% | 0.0% | +4.3% | +2.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −7.1% | −7.7% | −6.5% | 0.1% | 12.0% | 4.2% | 0.8% | 1.5% | −1.7% | 0.9% |
| Return on invested capital (ROIC) | −0.8% | −0.5% | −0.1% | 0.0% | 0.8% | −0.5% | 7.2% | 2.3% | 1.6% | 1.8% |
| Return on assets (ROA) | −4.9% | −5.0% | −4.0% | 0.1% | 5.9% | 1.8% | 0.3% | 0.7% | −0.8% | 0.4% |
| Return on tangible assets | −5.0% | −5.6% | −4.1% | 0.1% | 6.9% | 1.8% | 0.4% | 0.7% | −0.8% | 0.4% |
| Free cash flow margin | −11.8% | −13.5% | −9.5% | −24.0% | −13.6% | −3.9% | 4.2% | 10.8% | 15.3% | −86.3% |
| Income quality (OCF / net income) | — | — | — | 13.93 | 0.39 | 2.10 | 12.65 | 6.14 | — | 11.26 |
| Financial health | ||||||||||
| Total debt | $248.6M | $247.6M | $404.7M | $413.0M | $480.0M | $1.09B | $973.4M | $994.4M | $1.12B | $1.06B |
| Cash & short-term investments | $30.6M | $41.1M | $125.5M | $3.7M | $40.8M | $2.6M | $9.8M | $11.2M | $9.8M | $9.3M |
| Net debt | $218.0M | $206.5M | $279.2M | $409.3M | $439.3M | $1.09B | $963.6M | $983.3M | $1.11B | $1.05B |
| Debt / equity | 0.41 | 0.38 | 0.57 | 0.54 | 0.61 | 1.42 | 1.24 | 1.19 | 1.28 | 1.10 |
| Debt / assets | 0.28 | 0.26 | 0.35 | 0.33 | 0.35 | 0.61 | 0.53 | 0.52 | 0.56 | 0.51 |
| Net debt / EBITDA | 8.62 | 9.53 | 8.29 | 4.56 | 2.13 | 6.78 | 7.04 | 6.94 | 8.90 | 8.02 |
| Current ratio | 2.43 | 2.17 | 1.52 | 1.18 | 1.34 | 1.48 | 1.63 | 2.54 | 2.40 | 2.69 |
| Quick ratio | 2.43 | 2.17 | 1.52 | 1.26 | 1.34 | 1.48 | 1.68 | 2.79 | 2.62 | 2.92 |
| Interest coverage | -0.3 | -0.2 | -0.0 | 0.0 | 0.4 | -0.3 | 3.7 | 1.2 | 1.3 | 1.4 |
| Working capital | $41.1M | $44.1M | $83.2M | $9.9M | $30.3M | $34.3M | $42.1M | $91.0M | $85.2M | $97.0M |
| Invested capital | $825.0M | $862.4M | $992.0M | $1.18B | $1.22B | $1.85B | $1.75B | $1.82B | $1.98B | $2.01B |
| Tangible asset value | $604.5M | $651.7M | $706.1M | $758.5M | $768.3M | $739.9M | $745.7M | $778.0M | $784.8M | $836.6M |
| Net current asset value | −$216.1M | −$209.4M | −$212.7M | −$409.1M | −$461.2M | −$918.7M | −$947.5M | −$910.3M | −$973.0M | −$971.8M |
| Graham number | — | — | — | $1.33 | $11.98 | $7.00 | $3.16 | $4.63 | — | $4.14 |
| Graham net-net per share | −$2.18 | −$2.13 | −$2.89 | −$4.16 | −$4.54 | −$8.85 | −$9.13 | −$8.95 | −$9.52 | −$9.93 |
| Capital allocation | ||||||||||
| Dividends paid | $4.1M | $4.1M | $4.1M | $54.0M | $38.5M | $38.6M | $38.6M | $49.3M | $81.5M | $77.5M |
| Share buybacks (net) | — | $0 | $0 | $4.8M | $18.2M | $0 | — | $0 | $0 | $0 |
| Dividend payout ratio | — | — | — | — | 41.5% | 118.4% | 596.2% | 377.4% | — | 924.8% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | 345.6% | 169.2% | 195.8% | — |
| Capex / revenue | 15.3% | 21.0% | 21.7% | 33.2% | 31.0% | 31.7% | 26.3% | 19.0% | 19.9% | 124.1% |
| Capex / operating cash flow | 437.4% | 280.5% | 177.1% | 360.4% | 178.3% | 113.8% | 86.4% | 63.7% | 56.6% | 328.6% |
| Capex / depreciation | 0.36 | 0.53 | 0.55 | 0.84 | 0.80 | 0.85 | 0.75 | 0.53 | 0.52 | 3.26 |
| Stock-based compensation / revenue | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | −0.2% | −0.1% | 0.0% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 11.6% | 11.6% | 9.6% | 8.4% | 7.6% | 6.1% | 5.4% | 4.9% | 4.9% | 5.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 133.2 | 124.0 | 122.2 | 143.2 | 149.4 | 139.7 | 149.4 | 174.2 | 176.7 | 223.4 |
| Days of inventory on hand | — | — | — | -9.1 | 0.0 | -4.8 | -27.0 | -44.9 | -41.8 | -24.3 |
| Days payables outstanding | — | 204.6 | 216.0 | 291.9 | 289.2 | 219.5 | 191.1 | 188.2 | 184.4 | 184.7 |
| Cash conversion cycle (days) | — | -80.6 | -93.9 | -157.8 | -139.8 | -84.6 | -68.7 | -59.0 | -49.6 | 14.4 |
| Receivables turnover | 2.74 | 2.94 | 2.99 | 2.55 | 2.44 | 2.61 | 2.44 | 2.10 | 2.07 | 1.63 |
| Payables turnover | — | 1.78 | 1.69 | 1.25 | 1.26 | 1.66 | 1.91 | 1.94 | 1.98 | 1.98 |
| Inventory turnover | — | — | — | — | 101,942,000.00 | — | — | — | — | — |
| Asset turnover | 0.12 | 0.11 | 0.12 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.13 | 0.12 |
| Average receivables | $39.1M | $40.8M | $48.8M | $65.0M | $85.7M | $94.1M | $110.2M | $128.3M | $131.9M | $152.9M |
| Average payables | — | $38.0M | $46.1M | $69.9M | $80.8M | $69.4M | $62.9M | $60.1M | $59.1M | $53.4M |
| Average inventory | — | — | — | −$2.2M | $1 | −$1.5M | −$8.9M | −$14.3M | −$13.4M | −$7.0M |
| Intangibles / total assets | 0.3% | 0.4% | 0.6% | 0.8% | 1.1% | 1.6% | 2.2% | 3.1% | 4.3% | 6.0% |
Computed from FSP's annual financial statements (latest annual report filed March 9, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FSP valuation and financial ratios
Franklin Street Properties earned a return on equity of −7.1% and a return on invested capital of −0.8% in fiscal 2025. It ended the year with $248.6 million of debt and $30.6 million in cash and short-term investments, net debt of $218.0 million. It returned $4.1 million to shareholders: $4.1 million in dividends and $0 in share buybacks.
See the FSP income statement, the FSP chart for price history, or the FSP stock overview for the latest quote and news.
FSP key metrics FAQ
What is Franklin Street Properties's EV/EBITDA?
Franklin Street Properties's enterprise value was 12.5 times EBITDA at the end of fiscal 2025 (enterprise value $316.4 million, EBITDA $25.3 million); the current EV/EBITDA is 8.3.
What is Franklin Street Properties's return on equity?
Franklin Street Properties's return on equity (ROE) was −7.1% in fiscal 2025: net income of -$45.0 million on average shareholders' equity of $631.4 million.
What is Franklin Street Properties's ROIC?
Franklin Street Properties's return on invested capital was −0.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Franklin Street Properties have?
Franklin Street Properties had total debt of $248.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.41 and $218.0 million of net debt (8.62 times EBITDA).
What is Franklin Street Properties's dividend yield?
Franklin Street Properties's forward dividend yield is 5.22%. Franklin Street Properties paid $4.1 million in dividends in fiscal 2025 ($0.04 per share), a payout ratio of —.
What is Franklin Street Properties's free cash flow yield?
Franklin Street Properties generated -$12.7 million of free cash flow in fiscal 2025, a free cash flow yield of −12.9% on its market value at year-end ($98.5 million).
What is Franklin Street Properties's current ratio?
Franklin Street Properties's current ratio was 2.43 at the end of fiscal 2025: current assets were 2.43 times current liabilities.