franklin street properties corp. (“fsp”), a real estate investment trust (reit) based in wakefield, massachusetts, is focused on investing in institutional-quality office properties in major u.s. markets. fsp’s strategy is to invest in select urban infill and central business district (cbd) properties, with primary emphasis on our top five markets of atlanta, dallas, denver, houston, and minneapolis. fsp seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. fsp’s primary real estate operations include property acquisitions and dispositions, leasing, development and asset management. fsp began operations in 1997 and became a publicly-traded company in june 2005.
Company profile
Ticker
FSP
Exchange
Website
CEO
George Carter
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FRANKLIN STREET PARTNERS LP
SEC CIK
Corporate docs
Subsidiaries
FSP 1001 17th Street LLC • FSP 121 South Eighth Street LLC • FSP 1999 Broadway LLC • FSP 303 EWD LLC • FSP 600 17th Street LLC • FSP 801 Marquette Avenue LLC • FSP Addison Circle Corp. • FSP Addison Circle Limited Partnership • FSP Addison Circle LLC • FSP Blue Lagoon Drive Corp. ...
IRS number
42724223
FSP stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
4 Apr 24
DEFA14A
Additional proxy soliciting materials
4 Apr 24
DEF 14A
Definitive proxy
4 Apr 24
8-K
Departure of Directors or Certain Officers
4 Mar 24
10-K
2023 FY
Annual report
26 Feb 24
8-K
Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2023 Results
26 Feb 24
8-K
Completion of Acquisition or Disposition of Assets
7 Dec 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Franklin Street Properties Corp. Announces Third Quarter 2023 Results
7 Nov 23
8-K
Completion of Acquisition or Disposition of Assets
1 Nov 23
Transcripts
FSP
Earnings call transcript
2023 Q4
27 Feb 24
FSP
Earnings call transcript
2023 Q3
8 Nov 23
FSP
Earnings call transcript
2023 Q2
2 Aug 23
FSP
Earnings call transcript
2023 Q1
3 May 23
FSP
Earnings call transcript
2022 Q4
15 Feb 23
FSP
Earnings call transcript
2022 Q3
2 Nov 22
FSP
Earnings call transcript
2022 Q2
6 Aug 22
FSP
Earnings call transcript
2022 Q2
3 Aug 22
FSP
Earnings call transcript
2022 Q1
7 May 22
FSP
Earnings call transcript
2021 Q4
16 Feb 22
Latest ownership filings
4
BRIAN N HANSEN
4 Mar 24
SC 13G
BANK OF AMERICA CORP /DE/
13 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
FULLER & THALER ASSET MANAGEMENT, INC.
13 Feb 24
SC 13G
PRIVATE MANAGEMENT GROUP INC
2 Feb 24
SC 13D/A
Pacific Oak Strategic Opportunity REIT, Inc.
11 Jan 24
4
BRIAN N HANSEN
14 Nov 23
4
BRIAN N HANSEN
22 Aug 23
4
BRIAN N HANSEN
9 Aug 23
SC 13G/A
BlackRock Inc.
7 Jul 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 13.04 mm | 13.04 mm | 13.04 mm | 13.04 mm | 13.04 mm | 13.04 mm |
Cash burn (monthly) | (no burn) | (no burn) | 15.20 mm | 3.52 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 101.25 mm | 23.44 mm | n/a | n/a |
Cash remaining | n/a | n/a | -88.21 mm | -10.40 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | -5.8 | -3.0 | n/a | n/a |
Institutional ownership, Q3 2023
69.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 113 |
Opened positions | 11 |
Closed positions | 23 |
Increased positions | 26 |
Reduced positions | 35 |
13F shares | Current |
---|---|
Total value | 114.65 bn |
Total shares | 71.88 mm |
Total puts | 12.50 k |
Total calls | 3.50 k |
Total put/call ratio | 3.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 8.21 mm | $15.18 bn |
Fuller & Thaler Asset Management | 7.15 mm | $13.23 bn |
HighTower Advisors | 6.92 mm | $12.79 bn |
PCOK Pacific Oak Strategic Opportunity REIT | 5.88 mm | $23.87 mm |
Private Management | 5.88 mm | $10.87 bn |
BAC Bank Of America | 5.73 mm | $10.60 bn |
LSV Asset Management | 3.72 mm | $6.88 mm |
Madison Avenue Partners | 3.29 mm | $6.09 bn |
Millennium Management | 2.60 mm | $4.82 bn |
Aqr Capital Management | 2.40 mm | $4.44 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Mar 24 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 2.3264 | 50,000 | 116.32 k | 1,191,656 |
13 Nov 23 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 2.0933 | 40,000 | 83.73 k | 1,141,656 |
10 Nov 23 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 2.0968 | 35,000 | 73.39 k | 1,101,656 |
22 Aug 23 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 1.8 | 2,177 | 3.92 k | 1,066,656 |
21 Aug 23 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 1.795 | 19,705 | 35.37 k | 1,064,479 |
18 Aug 23 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 1.7994 | 3,118 | 5.61 k | 1,044,744 |
8 Aug 23 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 1.7921 | 10,000 | 17.92 k | 1,041,656 |
7 Aug 23 | Brian N Hansen | Common Stock | Buy | Acquire P | Yes | No | 1.7999 | 13,590 | 24.46 k | 1,031,656 |
26 May 23 | Odle Jonathan Bennett | Common Stock | Sell | Dispose S | No | No | 1.4198 | 365,000 | 518.23 k | 10,135,000 |
News
Franklin Street Properties And 2 Other Stocks Under $3 Insiders Are Buying
5 Mar 24
Franklin Street Props Q4 2023 GAAP FFO $0.07, Inline, Sales $34.77M Beat $34.13M Estimate
26 Feb 24
Earnings Scheduled For February 26, 2024
26 Feb 24
Wednesday Is Your Last Chance To Buy Franklin Street Props Before The Dividend Payout
22 Jan 24