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FRANKLIN STREET PROPERTIES CORP /MA/

FSP Clue Score32
United States Fiscal year ends December CIK 0001031316
$0.34 +3.79% Close, 9 Oct 2026
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Price $0.34 −93.47% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue249.9Operating income10.7Net income8.4Fiscal year 2017Revenue272.6 +9.1%Operating income8.4Net income−15.9 −290.3%Fiscal year 2018Revenue268.9 −1.4%Operating income6.6Net income13.1Fiscal year 2019Revenue269.1 +0.1%Net income6.5 −50.5%EPS, diluted0.06Fiscal year 2020Revenue245.8 −8.6%Net income32.6 +403.7%EPS, diluted0.30 +400.0%Fiscal year 2021Revenue209.4 −14.8%Net income92.7 +184.3%EPS, diluted0.87 +190.0%Fiscal year 2022Revenue165.6 −20.9%Net income1.1 −98.8%EPS, diluted0.01 −98.9%Fiscal year 2023Revenue145.7 −12.0%Net income−48.1 −4,497.6%EPS, diluted−0.47 −4,800.0%Fiscal year 2024Revenue120.1 −17.6%Net income−52.7EPS, diluted−0.51Fiscal year 2025Revenue107.2 −10.8%Net income−45.0EPS, diluted−0.43
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 249.9 272.6 268.9 269.1 245.8 209.4 165.6 145.7 120.1 107.2
Growth +9.1% −1.4% +0.1% −8.6% −14.8% −20.9% −12.0% −17.6% −10.8%
Operating income 10.7 8.4 6.6 n/a n/a n/a n/a n/a n/a n/a
Net income 8.4 −15.9 13.1 6.5 32.6 92.7 1.1 −48.1 −52.7 −45.0
Growth −290.3% −50.5% +403.7% +184.3% −98.8% −4,497.6%
EPS, diluted n/a n/a n/a 0.06 0.30 0.87 0.01 −0.47 −0.51 −0.43
Growth +400.0% +190.0% −98.9% −4,800.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin4.3%Net margin3.4%Free cash flow margin22.8%Fiscal year 2017Operating margin3.1%Net margin−5.8%Free cash flow margin15.3%Fiscal year 2018Operating margin2.5%Net margin4.9%Free cash flow margin10.8%Fiscal year 2019Net margin2.4%Free cash flow margin4.2%Fiscal year 2020Net margin13.3%Free cash flow margin−3.9%Fiscal year 2021Net margin44.3%Free cash flow margin−13.6%Fiscal year 2022Net margin0.7%Free cash flow margin−24.0%Fiscal year 2023Net margin−33.0%Free cash flow margin−9.5%Fiscal year 2024Net margin−43.9%Free cash flow margin−13.5%Fiscal year 2025Net margin−42.0%Free cash flow margin−11.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 4.3% 3.1% 2.5% n/a n/a n/a n/a n/a n/a n/a
Net margin 3.4% −5.8% 4.9% 2.4% 13.3% 44.3% 0.7% −33.0% −43.9% −42.0%
Free cash flow margin 22.8% 15.3% 10.8% 4.2% −3.9% −13.6% −24.0% −9.5% −13.5% −11.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow94.4Capital expenditure−37.4Free cash flow57.0Dividends paid−77.5Fiscal year 2017Operating cash flow95.9Capital expenditure−54.2Free cash flow41.8 −26.7%Dividends paid−81.5Fiscal year 2018Operating cash flow80.2Capital expenditure−51.1Free cash flow29.1 −30.2%Dividends paid−49.3Fiscal year 2019Operating cash flow81.9Capital expenditure−70.7Free cash flow11.2 −61.7%Dividends paid−38.6Fiscal year 2020Operating cash flow68.4Capital expenditure−77.9Free cash flow−9.5 −184.8%Dividends paid−38.6Fiscal year 2021Operating cash flow36.4Capital expenditure−64.8Free cash flow−28.5Buybacks−18.2Dividends paid−38.5Fiscal year 2022Operating cash flow15.2Capital expenditure−54.9Free cash flow−39.7Buybacks−4.8Dividends paid−54.0Fiscal year 2023Operating cash flow17.9Capital expenditure−31.6Free cash flow−13.8Dividends paid−4.1Fiscal year 2024Operating cash flow9.0Capital expenditure−25.2Free cash flow−16.2Dividends paid−4.1Fiscal year 2025Operating cash flow3.8Capital expenditure−16.4Free cash flow−12.7Dividends paid−4.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 94.4 95.9 80.2 81.9 68.4 36.4 15.2 17.9 9.0 3.8
Capital expenditure −37.4 −54.2 −51.1 −70.7 −77.9 −64.8 −54.9 −31.6 −25.2 −16.4
Free cash flow 57.0 41.8 29.1 11.2 −9.5 −28.5 −39.7 −13.8 −16.2 −12.7
Growth −26.7% −30.2% −61.7% −184.8%
Buybacks n/a n/a n/a n/a n/a −18.2 −4.8 n/a n/a n/a
Dividends paid −77.5 −81.5 −49.3 −38.6 −38.6 −38.5 −54.0 −4.1 −4.1 −4.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash9.3Shareholders’ equity962.0Fiscal year 2017Cash9.8Shareholders’ equity871.3Fiscal year 2018Cash11.2Shareholders’ equity837.6Fiscal year 2019Cash9.8Shareholders’ equity786.4Fiscal year 2020Cash2.7Shareholders’ equity768.1Fiscal year 2021Cash34.3Shareholders’ equity783.2Fiscal year 2022Cash3.7Shareholders’ equity768.7Fiscal year 2023Cash125.5Shareholders’ equity712.8Fiscal year 2024Cash41.1Shareholders’ equity655.9Fiscal year 2025Cash30.6Shareholders’ equity607.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 9.3 9.8 11.2 9.8 2.7 34.3 3.7 125.5 41.1 30.6
Shareholders’ equity 962.0 871.3 837.6 786.4 768.1 783.2 768.7 712.8 655.9 607.0

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
249.9 272.6 268.9 269.1 245.8 209.4 165.6 145.7 120.1 107.2
Growth +9.1% −1.4% +0.1% −8.6% −14.8% −20.9% −12.0% −17.6% −10.8%
n/a 71.2 70.7 72.3 66.9 60.9 52.8 50.7 45.0 42.0
14.1 13.5 13.1 14.5 15.0 15.9 13.9 14.0 13.9 12.4
10.7 8.4 6.6 n/a n/a n/a n/a n/a n/a n/a
Growth −21.2% −21.2%
8.8 −15.5 13.4 6.7 32.9 92.9 1.3 −47.8 −52.5 −44.8
0.4 0.4 0.4 0.3 0.3 0.6 0.2 0.3 0.2 0.2
8.4 −15.9 13.1 6.5 32.6 92.7 1.1 −48.1 −52.7 −45.0
Growth −290.3% −50.5% +403.7% +184.3% −98.8% −4,497.6%
Per share
n/a n/a n/a 0.06 0.30 0.87 0.01 −0.47 −0.51 −0.43
n/a n/a n/a 0.06 0.30 0.87 0.01 −0.47 −0.51 −0.43
Growth +400.0% +190.0% −98.9% −4,800.0%
n/a n/a n/a 107.2 107.3 106.7 103.3 103.4 103.5 103.6
n/a n/a n/a 107.2 107.3 106.7 103.3 103.4 103.5 103.6
Growth +0.1% −0.6% −3.1% +0.0% +0.1% +0.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 15.3% a year over five years.
  • The diluted share count fell 3.4% in five years, so buybacks did some of the work per share.
  • A net loss in 4 of 10 years on file.