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FRANKLIN STREET PROPERTIES C (FSP) Stock Fundamental Analysis

NYSEARCA:FSP - NYSE Arca - US35471R1068 - REIT - Currency: USD

1.69  -0.01 (-0.59%)

After market: 1.69 0 (0%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to FSP. FSP was compared to 129 industry peers in the Diversified REITs industry. The financial health of FSP is average, but there are quite some concerns on its profitability. FSP does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

In the past year FSP has reported negative net income.
In the past year FSP had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: FSP reported negative net income in multiple years.
In the past 5 years FSP always reported a positive cash flow from operatings.
FSP Yearly Net Income VS EBIT VS OCF VS FCFFSP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

1.2 Ratios

With a Return On Assets value of -7.27%, FSP is not doing good in the industry: 91.47% of the companies in the same industry are doing better.
FSP has a worse Return On Equity (-10.52%) than 77.52% of its industry peers.
Industry RankSector Rank
ROA -7.27%
ROE -10.52%
ROIC N/A
ROA(3y)-3.2%
ROA(5y)-0.2%
ROE(3y)-4.88%
ROE(5y)0.29%
ROIC(3y)N/A
ROIC(5y)N/A
FSP Yearly ROA, ROE, ROICFSP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

Looking at the Gross Margin, with a value of 42.87%, FSP is doing worse than 81.40% of the companies in the same industry.
In the last couple of years the Gross Margin of FSP has declined.
The Profit Margin and Operating Margin are not available for FSP so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 42.87%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.29%
GM growth 5Y-4.66%
FSP Yearly Profit, Operating, Gross MarginsFSP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

4

2. Health

2.1 Basic Checks

FSP does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FSP remains at a similar level compared to 1 year ago.
Compared to 5 years ago, FSP has less shares outstanding
Compared to 1 year ago, FSP has an improved debt to assets ratio.
FSP Yearly Shares OutstandingFSP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
FSP Yearly Total Debt VS Total AssetsFSP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

FSP has an Altman-Z score of -0.56. This is a bad value and indicates that FSP is not financially healthy and even has some risk of bankruptcy.
FSP's Altman-Z score of -0.56 is on the low side compared to the rest of the industry. FSP is outperformed by 89.15% of its industry peers.
A Debt/Equity ratio of 0.39 indicates that FSP is not too dependend on debt financing.
FSP has a better Debt to Equity ratio (0.39) than 94.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF N/A
Altman-Z -0.56
ROIC/WACCN/A
WACC9.24%
FSP Yearly LT Debt VS Equity VS FCFFSP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 1.95 indicates that FSP should not have too much problems paying its short term obligations.
FSP has a Current ratio of 1.95. This is in the better half of the industry: FSP outperforms 78.29% of its industry peers.
FSP has a Quick Ratio of 1.95. This is a normal value and indicates that FSP is financially healthy and should not expect problems in meeting its short term obligations.
FSP has a better Quick ratio (1.95) than 78.29% of its industry peers.
Industry RankSector Rank
Current Ratio 1.95
Quick Ratio 1.95
FSP Yearly Current Assets VS Current LiabilitesFSP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2

3. Growth

3.1 Past

The earnings per share for FSP have decreased strongly by -14.29% in the last year.
Looking at the last year, FSP shows a very negative growth in Revenue. The Revenue has decreased by -16.65% in the last year.
The Revenue for FSP have been decreasing by -14.90% on average. This is quite bad
EPS 1Y (TTM)-14.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-200%
Revenue 1Y (TTM)-16.65%
Revenue growth 3Y-16.91%
Revenue growth 5Y-14.9%
Sales Q2Q%-13.19%

3.2 Future

FSP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.80% yearly.
The Revenue is expected to grow by 0.41% on average over the next years.
EPS Next Y39.4%
EPS Next 2Y16.34%
EPS Next 3Y7.8%
EPS Next 5YN/A
Revenue Next Year0.02%
Revenue Next 2Y0.41%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FSP Yearly Revenue VS EstimatesFSP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
FSP Yearly EPS VS EstimatesFSP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5

1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FSP. In the last year negative earnings were reported.
Also next year FSP is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FSP Price Earnings VS Forward Price EarningsFSP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FSP is valued cheaper than 82.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.93
FSP Per share dataFSP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y16.34%
EPS Next 3Y7.8%

2

5. Dividend

5.1 Amount

FSP has a Yearly Dividend Yield of 2.35%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 2.35, FSP pays less dividend than the industry average, which is at 6.68. 82.95% of the companies listed in the same industry pay a better dividend than FSP!
Compared to an average S&P500 Dividend Yield of 2.42, FSP has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.35%

5.2 History

The dividend of FSP decreases each year by -35.56%.
FSP has paid a dividend for at least 10 years, which is a reliable track record.
FSP has decreased its dividend recently.
Dividend Growth(5Y)-35.56%
Div Incr Years0
Div Non Decr Years1
FSP Yearly Dividends per shareFSP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

FSP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-6.22%
EPS Next 2Y16.34%
EPS Next 3Y7.8%
FSP Yearly Income VS Free CF VS DividendFSP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M

FRANKLIN STREET PROPERTIES C

NYSEARCA:FSP (6/20/2025, 8:04:00 PM)

After market: 1.69 0 (0%)

1.69

-0.01 (-0.59%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)04-29 2025-04-29/amc
Earnings (Next)07-28 2025-07-28/amc
Inst Owners64.21%
Inst Owner Change-0.5%
Ins Owners18.07%
Ins Owner Change1.04%
Market Cap175.03M
Analysts45
Price Target1.79 (5.92%)
Short Float %2.11%
Short Ratio3.54
Dividend
Industry RankSector Rank
Dividend Yield 2.35%
Yearly Dividend0.04
Dividend Growth(5Y)-35.56%
DP-6.22%
Div Incr Years0
Div Non Decr Years1
Ex-Date04-17 2025-04-17 (0.01)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-161.96%
Min EPS beat(2)-164.03%
Max EPS beat(2)-159.9%
EPS beat(4)0
Avg EPS beat(4)-167.12%
Min EPS beat(4)-197.03%
Max EPS beat(4)-147.52%
EPS beat(8)0
Avg EPS beat(8)-182.03%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-11.02%
Min Revenue beat(2)-13.17%
Max Revenue beat(2)-8.87%
Revenue beat(4)0
Avg Revenue beat(4)-6.77%
Min Revenue beat(4)-13.17%
Max Revenue beat(4)-0.58%
Revenue beat(8)2
Avg Revenue beat(8)-3.74%
Revenue beat(12)5
Avg Revenue beat(12)-1.77%
Revenue beat(16)7
Avg Revenue beat(16)-1.06%
PT rev (1m)0%
PT rev (3m)-12.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.29%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.51
P/FCF N/A
P/OCF 16.52
P/B 0.28
P/tB 0.28
EV/EBITDA 9.93
EPS(TTM)-0.64
EYN/A
EPS(NY)-0.32
Fwd EYN/A
FCF(TTM)-0.1
FCFYN/A
OCF(TTM)0.1
OCFY6.05%
SpS1.12
BVpS6.12
TBVpS6.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -7.27%
ROE -10.52%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.87%
FCFM N/A
ROA(3y)-3.2%
ROA(5y)-0.2%
ROE(3y)-4.88%
ROE(5y)0.29%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.29%
GM growth 5Y-4.66%
F-Score3
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF N/A
Debt/EBITDA 6.27
Cap/Depr 44.54%
Cap/Sales 18.03%
Interest Coverage N/A
Cash Conversion 26.83%
Profit Quality N/A
Current Ratio 1.95
Quick Ratio 1.95
Altman-Z -0.56
F-Score3
WACC9.24%
ROIC/WACCN/A
Cap/Depr(3y)63.89%
Cap/Depr(5y)71.35%
Cap/Sales(3y)25.29%
Cap/Sales(5y)27.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-200%
EPS Next Y39.4%
EPS Next 2Y16.34%
EPS Next 3Y7.8%
EPS Next 5YN/A
Revenue 1Y (TTM)-16.65%
Revenue growth 3Y-16.91%
Revenue growth 5Y-14.9%
Sales Q2Q%-13.19%
Revenue Next Year0.02%
Revenue Next 2Y0.41%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-262.29%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y68.23%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-55.69%
OCF growth 3Y-37.24%
OCF growth 5Y-35.72%