FRANKLIN STREET PROPERTIES C (FSP) Stock Fundamental Analysis

USA • NYSE Arca • NYSEARCA:FSP • US35471R1068

0.8 USD
+0.03 (+3.9%)
At close: Feb 6, 2026
0.804 USD
+0 (+0.5%)
After Hours: 2/6/2026, 8:04:00 PM
Fundamental Rating

3

Overall FSP gets a fundamental rating of 3 out of 10. We evaluated FSP against 122 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 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.
  • 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.
  • 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 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 81.97% of its industry peers.
  • FSP has a worse Return On Equity (-7.50%) than 72.13% 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 80.33% of its industry peers.
  • FSP's Gross Margin has declined in the last couple of years.
  • FSP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
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

5

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.
  • FSP has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, FSP has an improved debt to assets ratio.
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 -0.81, we must say that FSP is in the distress zone and has some risk of bankruptcy.
  • FSP's Altman-Z score of -0.81 is on the low side compared to the rest of the industry. FSP is outperformed by 88.52% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that FSP is not too dependend on debt financing.
  • FSP has a better Debt to Equity ratio (0.40) than 93.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Altman-Z -0.81
ROIC/WACCN/A
WACC7.86%
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.
  • FSP has a Current ratio of 1.88. This is amongst the best in the industry. FSP outperforms 81.15% of its industry peers.
  • A Quick Ratio of 1.88 indicates that FSP should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.88, FSP belongs to the best of the industry, outperforming 81.15% of the companies in the same industry.
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

2

3. Growth

3.1 Past

  • The earnings per share for FSP have decreased strongly by -15.38% in the last year.
  • The Revenue for FSP has decreased by -13.45% in the past year. This is quite bad
  • Measured over the past years, FSP shows a very negative growth in Revenue. The Revenue has been decreasing by -14.90% on average per year.
EPS 1Y (TTM)-15.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%46.67%
Revenue 1Y (TTM)-13.45%
Revenue growth 3Y-16.91%
Revenue growth 5Y-14.9%
Sales Q2Q%-8.03%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.17% on average over the next years. This is quite good.
  • Based on estimates for the next years, FSP will show a small growth in Revenue. The Revenue will grow by 0.41% on average per year.
EPS Next Y9.1%
EPS Next 2Y16.34%
EPS Next 3Y11.17%
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 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. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for FSP. In the last year negative earnings were reported.
  • 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

4.2 Price Multiples

  • 95.08% of the companies in the same industry are more expensive than FSP, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.22
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 2Y16.34%
EPS Next 3Y11.17%

4

5. Dividend

5.1 Amount

  • FSP has a Yearly Dividend Yield of 5.19%, which is a nice return.
  • The stock price of FSP dropped by -31.03% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • FSP's Dividend Yield is comparable with the industry average which is at 6.81.
  • Compared to an average S&P500 Dividend Yield of 1.81, FSP pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.19%

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 2Y16.34%
EPS Next 3Y11.17%
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

FRANKLIN STREET PROPERTIES C

NYSEARCA:FSP (2/6/2026, 8:04:00 PM)

After market: 0.804 +0 (+0.5%)

0.8

+0.03 (+3.9%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-28
Earnings (Next)02-17
Inst Owners67%
Inst Owner Change-3.04%
Ins Owners7.78%
Ins Owner Change0%
Market Cap82.95M
Revenue(TTM)109.50M
Net Income(TTM)-46.16M
Analysts45
Price Target1.27 (58.75%)
Short Float %2.8%
Short Ratio5.42
Dividend
Industry RankSector Rank
Dividend Yield 5.19%
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)-37.5%
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 0.76
P/FCF N/A
P/OCF 38.17
P/B 0.13
P/tB 0.14
EV/EBITDA 8.22
EPS(TTM)-0.45
EYN/A
EPS(NY)-0.32
Fwd EYN/A
FCF(TTM)-0.16
FCFYN/A
OCF(TTM)0.02
OCFY2.62%
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 -0.81
F-Score3
WACC7.86%
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)-15.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%46.67%
EPS Next Y9.1%
EPS Next 2Y16.34%
EPS Next 3Y11.17%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.45%
Revenue growth 3Y-16.91%
Revenue growth 5Y-14.9%
Sales Q2Q%-8.03%
Revenue Next Year0.02%
Revenue Next 2Y0.41%
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 3 / 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 9.1% in the next year.