FRANKLIN STREET PROPERTIES C (FSP) Fundamental Analysis & Valuation

NYSEARCA:FSP • US35471R1068

0.6236 USD
+0 (+0.58%)
At close: Mar 13, 2026
0.6236 USD
0 (0%)
After Hours: 3/13/2026, 4:15:00 PM

This FSP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

Overall FSP gets a fundamental rating of 2 out of 10. We evaluated FSP against 123 industry peers in the Diversified REITs industry. FSP scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FSP has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

1

1. FSP Profitability Analysis

1.1 Basic Checks

  • In the past year FSP has reported negative net income.
  • FSP had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: FSP reported negative net income in multiple years.
  • FSP had a positive operating cash flow in 4 of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M

1.2 Ratios

  • FSP has a Return On Assets of -5.12%. This is amonst the worse of the industry: FSP underperforms 82.11% of its industry peers.
  • FSP has a worse Return On Equity (-7.50%) than 72.36% of its industry peers.
Industry RankSector Rank
ROA -5.12%
ROE -7.5%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • FSP's Gross Margin of 42.23% is on the low side compared to the rest of the industry. FSP is outperformed by 79.67% of its industry peers.
  • FSP's Gross Margin has declined in the last couple of years.
  • 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 42.23%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

4

2. FSP Health Analysis

2.1 Basic Checks

  • FSP does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • There is no outstanding debt for FSP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
FSP Yearly Shares OutstandingFSP Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • Based on the Altman-Z score of -0.85, we must say that FSP is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of -0.85, FSP is not doing good in the industry: 86.99% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 0.40 indicates that FSP is not too dependend on debt financing.
  • The Debt to Equity ratio of FSP (0.40) is better than 93.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Altman-Z -0.85
ROIC/WACCN/A
WACC7.48%
FSP Yearly LT Debt VS Equity VS FCFFSP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M 1B

2.3 Liquidity

  • FSP has a Current Ratio of 1.88. This is a normal value and indicates that FSP is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.88, FSP belongs to the top of the industry, outperforming 87.80% of the companies in the same industry.
  • FSP has a Quick Ratio of 1.88. This is a normal value and indicates that FSP is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of FSP (1.88) is better than 87.80% of its industry peers.
Industry RankSector Rank
Current Ratio 1.88
Quick Ratio 1.88
FSP Yearly Current Assets VS Current LiabilitesFSP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

1

3. FSP Growth Analysis

3.1 Past

  • FSP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.00%, which is quite impressive.
EPS 1Y (TTM)32%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%137.5%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.23%

3.2 Future

  • Based on estimates for the next years, FSP will show a small growth in Earnings Per Share. The EPS will grow by 3.88% on average per year.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y4.94%
EPS Next 2Y3.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.81%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
FSP Yearly Revenue VS EstimatesFSP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5

1

4. FSP Valuation Analysis

4.1 Price/Earnings Ratio

  • FSP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FSP. No positive earnings are expected for the next year.
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 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FSP is valued cheaper than 96.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.71
FSP Per share dataFSP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.88%
EPS Next 3YN/A

5

5. FSP Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.45%, FSP is a good candidate for dividend investing.
  • In the last 3 months the price of FSP has falen by -35.96%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • FSP's Dividend Yield is a higher than the industry average which is at 7.59.
  • Compared to an average S&P500 Dividend Yield of 1.82, FSP pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.45%

5.2 History

  • The dividend of FSP decreases each year by -35.56%.
  • FSP has been paying a dividend for at least 10 years, so it has 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 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-8.98%
EPS Next 2Y3.88%
EPS Next 3YN/A
FSP Yearly Income VS Free CF VS DividendFSP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M

FSP Fundamentals: All Metrics, Ratios and Statistics

FRANKLIN STREET PROPERTIES C

NYSEARCA:FSP (3/13/2026, 4:15:00 PM)

After market: 0.6236 0 (0%)

0.6236

+0 (+0.58%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)03-09
Earnings (Next)04-27
Inst Owners68.72%
Inst Owner Change2.87%
Ins Owners7.78%
Ins Owner Change0%
Market Cap64.66M
Revenue(TTM)N/A
Net Income(TTM)-46.16M
Analysts45
Price Target1.27 (103.66%)
Short Float %2.69%
Short Ratio4.75
Dividend
Industry RankSector Rank
Dividend Yield 6.45%
Yearly Dividend0.04
Dividend Growth(5Y)-35.56%
DP-8.98%
Div Incr Years0
Div Non Decr Years1
Ex-Date01-23
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.99%
Min EPS beat(2)0.99%
Max EPS beat(2)0.99%
EPS beat(4)2
Avg EPS beat(4)-80.49%
Min EPS beat(4)-164.03%
Max EPS beat(4)0.99%
EPS beat(8)2
Avg EPS beat(8)-101.88%
EPS beat(12)4
Avg EPS beat(12)-91.72%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-13.82%
Min Revenue beat(2)-14.64%
Max Revenue beat(2)-12.99%
Revenue beat(4)0
Avg Revenue beat(4)-12.42%
Min Revenue beat(4)-14.64%
Max Revenue beat(4)-8.87%
Revenue beat(8)1
Avg Revenue beat(8)-7.08%
Revenue beat(12)3
Avg Revenue beat(12)-4.53%
Revenue beat(16)6
Avg Revenue beat(16)-2.85%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
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 0.59
P/FCF N/A
P/OCF 29.76
P/B 0.11
P/tB 0.11
EV/EBITDA 7.71
EPS(TTM)-0.34
EYN/A
EPS(NY)-0.32
Fwd EYN/A
FCF(TTM)-0.16
FCFYN/A
OCF(TTM)0.02
OCFY3.36%
SpS1.06
BVpS5.93
TBVpS5.91
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -5.12%
ROE -7.5%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.23%
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
ROICexgc growth 3YN/A
ROICexgc 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 Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Debt/EBITDA 6.81
Cap/Depr 41.2%
Cap/Sales 17.12%
Interest Coverage N/A
Cash Conversion 5.97%
Profit Quality N/A
Current Ratio 1.88
Quick Ratio 1.88
Altman-Z -0.85
F-Score3
WACC7.48%
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)32%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%137.5%
EPS Next Y4.94%
EPS Next 2Y3.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.23%
Revenue Next Year0.81%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-156.93%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y34.94%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-87.53%
OCF growth 3Y-37.24%
OCF growth 5Y-35.72%

FRANKLIN STREET PROPERTIES C / FSP FAQ

What is the ChartMill fundamental rating of FRANKLIN STREET PROPERTIES C (FSP) stock?

ChartMill assigns a fundamental rating of 2 / 10 to FSP.


What is the valuation status of FRANKLIN STREET PROPERTIES C (FSP) stock?

ChartMill assigns a valuation rating of 1 / 10 to FRANKLIN STREET PROPERTIES C (FSP). This can be considered as Overvalued.


Can you provide the profitability details for FRANKLIN STREET PROPERTIES C?

FRANKLIN STREET PROPERTIES C (FSP) has a profitability rating of 1 / 10.


What is the expected EPS growth for FRANKLIN STREET PROPERTIES C (FSP) stock?

The Earnings per Share (EPS) of FRANKLIN STREET PROPERTIES C (FSP) is expected to grow by 4.94% in the next year.