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Franklin St Prop - FSP STOCK NEWS

Welcome to our dedicated page for Franklin St Prop news (Ticker: FSP), a resource for investors and traders seeking the latest updates and insights on Franklin St Prop stock.

Company Overview

Franklin Street Properties Corp (FSP) is a publicly traded real estate investment trust (REIT) that specializes in institutional-quality office properties in prominent US markets. Established in 1997 and publicly listed in 2005, FSP has built a reputation for investing in strategic urban infill and central business district properties. The company employs industry-specific investment strategies that target value-oriented acquisitions, with an emphasis on both long-term growth potential and current income generation. Utilizing a robust and integrated platform, FSP operates through meticulous property acquisitions, dispositions, leasing, development, and asset management practices, allowing it to maintain a balanced portfolio of premier office assets.

Business Model and Revenue Generation

FSP’s business model is engineered around the acquisition and management of high-quality office properties located in major urban centers. The REIT focuses on building a diversified portfolio in key growth markets including Atlanta, Dallas, Denver, Houston, and Minneapolis. Revenue is primarily generated from leasing activities and ongoing property management fees. The company’s operations include a strategic framework of property acquisitions and dispositions that are designed to enhance asset value over time. With an eye for value-oriented investments, FSP leverages long-term leasing contracts and operational efficiencies to deliver a stable revenue stream, while also exploring selective development opportunities that add further value to its portfolio.

Market Position and Industry Relevance

Operating within the competitive sector of commercial real estate, FSP distinguishes itself by targeting institutional-quality office properties in urban settings. The company prioritizes markets with robust economic fundamentals and dynamic business activity, ensuring its assets are positioned in high-demand locations. The focus on urban infill and central business district properties permits FSP to capitalize on market trends that favor well-located office environments, thereby securing both long-term capital appreciation and current income. This strategic focus is critical in a landscape where urban density, evolving workspaces, and corporate relocations drive demand for premium office assets.

Operational Excellence and Asset Management

FSP’s holistic approach to asset management underpins its operational excellence. The company combines rigorous market analysis with expert property management to optimize the financial performance of its office assets. Each investment decision is informed by comprehensive research, ensuring that acquisitions and dispositions are made with a view to sustaining competitive advantage. In addition to active lease management, FSP’s integrated development and renovation capabilities ensure that the properties in its portfolio remain attractive in dynamic urban markets.

Strategic Investment Focus

Investment strategy at FSP is heavily concentrated on value generation through careful property selection and efficient operational execution. The company employs a disciplined investment approach that focuses on properties situated in market corridors with strong economic drivers. By targeting urban infill developments and central business district locations, FSP not only mitigates risks typically associated with suburban property investments but also leverages synergies associated with high-density, economically vibrant areas. This strategy results in a balanced focus on both current income from established leases and longer-term capital appreciation, positioning the company favorably within its competitive landscape.

Risk Management and Sustainability

While the company maintains a strong operational focus, it also implements comprehensive risk management practices to safeguard its portfolio. Through rigorous due diligence and conservative financing practices, FSP minimizes potential exposure to market volatilities. The company’s emphasis on high-quality, institutional-grade office properties operates as a safeguard, as such assets tend to exhibit greater stability even in fluctuating market conditions. This balanced approach enables FSP to pursue its investment goals while carefully managing the inherent risks of the real estate market.

Integrated Value Creation

FSP’s commitment to integrated value creation is evident in its end-to-end asset management cycle. The company not only acquires and manages office properties but also strategically dispositions assets that no longer align with its long-term value creation framework. This cycle of continuous portfolio optimization exemplifies FSP’s methodical and professional approach to real estate investment. By maintaining a focus on institutional-quality assets, FSP ensures that every step—from initial acquisition to eventual disposition—is executed with diligence, expert oversight, and an unwavering commitment to excellence in property management.

Expert Analysis and Industry Insights

The detailed analysis offered by FSP’s operational model and strategic investment focus is essential reading for those looking to understand the nuances of contemporary office property investments in the United States. With a track record of operating in some of the country’s most competitive markets, FSP serves as a key example of how a disciplined, research-based approach can yield robust returns through comprehensive asset management. Industry professionals and interested investors alike will find FSP's well-articulated investment framework, market-focused strategies, and operational discipline a compelling case study within the broader context of commercial real estate investment trusts.

Rhea-AI Summary

Franklin Street Properties Corp. (FSP) reported its Q4 and full-year 2024 results, marking significant developments in its portfolio management. The company leased approximately 252,000 square feet in Q4 within its 4.8 million square foot portfolio. FSP completed the sale of Pershing Park Plaza in Atlanta for $34 million and used $27.4 million to reduce debt.

Key financial results include a GAAP net loss of $8.5 million ($0.08 per share) for Q4 and $52.7 million ($0.51 per share) for the full year. The portfolio's occupancy decreased to 70.3% from 74.0% year-over-year. The weighted average GAAP base rent increased 8.2% to $30.06 per square foot.

Since December 2020, FSP's property dispositions have generated approximately $1.1 billion in gross proceeds, helping reduce total indebtedness by about 75% to $250 million. The company declared a quarterly dividend of $0.01 per share for Q4 2024.

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Franklin Street Properties (NYSE American: FSP), a real estate investment trust (REIT), has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 11, 2025. The company will host a conference call and webcast with investors to discuss the results on Wednesday, February 12, 2025, at 11:00 AM ET.

Participants can access the call by dialing 888-440-4368 (US) or 646-960-0856 (International) using conference ID 5398803. A live audio webcast will be available in the Webcasts & Presentations section of FSP's website, with a replay option available one hour after the call concludes.

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Franklin Street Properties (FSP) has disclosed the tax composition of its distributions for 2024. The company will make four quarterly distributions of $0.01 per share, totaling $0.04 per share for the year. The distributions are scheduled for February 15, May 9, August 8, and November 7, 2024.

According to the tax composition breakdown, the entire amount of these distributions ($0.04) will be classified as Return of Capital. There are no components categorized as ordinary dividends, qualified dividends, capital gain distributions, unrecaptured Section 1250 gains, or Section 199A distributions.

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Franklin Street Properties (NYSE American: FSP) has declared a quarterly dividend of $0.01 per share of common stock for the period October 1, 2024 through December 31, 2024. The dividend will be payable on February 13, 2025 to stockholders of record as of January 24, 2025.

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Franklin Street Properties (NYSE American: FSP) announced the appointment of Bruce J. Schanzer to its Board of Directors, effective November 27, 2024. Schanzer will also serve on the Audit Committee, bringing the total board size to eight directors, with seven being independent. The company has entered into a Cooperation Agreement with significant shareholders Converium Capital and Erez Asset Management, who will vote in favor of the Board's director nominees at the 2025 Annual Meeting. The agreement includes customary standstill and voting provisions.

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Franklin Street Properties (NYSE American: FSP) reported Q3 2024 results with a GAAP net loss of $15.6 million ($0.15 per share). The company's Funds From Operations (FFO) was $2.7 million ($0.03 per share). FSP completed two significant property sales: Innsbrook in Virginia for $31 million and Pershing Park Plaza in Atlanta for $34 million, using proceeds to reduce debt to $250.3 million. The company's portfolio occupancy decreased to 70.4% from 74.0% at year-end 2023. FSP leased approximately 92,000 square feet in Q3, with weighted average rents increasing 10.9% to $29.94 per square foot. The Board declared a quarterly dividend of $0.01 per share.

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Franklin Street Properties Corp. (FSP), a real estate investment trust (REIT) listed on NYSE American, has announced its plans to release third quarter 2024 results after market close on Tuesday, October 29, 2024. The company will host a conference call and webcast with investors on Wednesday, October 30, 2024, at 11:00 AM ET to discuss the results.

Participants can access the call by dialing 888-440-4368 (US) or 646-960-0856 (International) using conference ID 5398803. A live audio webcast will be available in the Webcasts & Presentations section of FSP's website. The webcast replay will be accessible from the same location one hour after the call concludes.

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Franklin Street Properties Corp. (NYSE American: FSP) has declared a quarterly dividend of $0.01 per share of common stock. This dividend covers the period from July 1, 2024, through September 30, 2024. The payment is scheduled for November 7, 2024, and will be distributed to stockholders of record as of October 18, 2024.

FSP encourages investors to visit their website at www.fspreit.com for additional information and news about the company. The Investor Relations section of the website is regularly updated with important information. Investors interested in receiving automatic updates can sign up for E-mail Alerts on the company's website.

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Franklin Street Properties Corp. (NYSE American: FSP) announced its Q2 2024 results. Key highlights include:

  • GAAP net loss of $21.0 million ($0.20 per share) for Q2 and $28.6 million ($0.28 per share) for H1 2024
  • Funds From Operations (FFO) of $3.7 million ($0.04 per share) for Q2 and $7.9 million ($0.08 per share) for H1 2024
  • Leased approximately 272,000 square feet in H1 2024, including 92,000 square feet of new leases
  • Portfolio occupancy decreased to 72.3% as of June 30, 2024, from 74.0% at the end of 2023
  • Sold Innsbrook property in Virginia for $31 million on July 8, 2024
  • Reduced total indebtedness to $277.7 million after the sale
  • Declared a quarterly cash dividend of $0.01 per share
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Franklin Street Properties Corp. (FSP), a real estate investment trust listed on NYSE American, has announced it will release its second quarter 2024 results after market close on Tuesday, July 30, 2024. The company will host a conference call and webcast to discuss the results with investors on Wednesday, July 31, 2024, at 11:00 AM ET.

To participate in the call, investors can dial 888-440-4368 (US) or 646-960-0856 (International) using conference ID 5398803. A live audio webcast will be available in the Webcasts & Presentations section of FSP's website. A replay of the webcast will be accessible from the same location after the call concludes.

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FAQ

What is the current stock price of Franklin St Prop (FSP)?

The current stock price of Franklin St Prop (FSP) is $1.79 as of March 10, 2025.

What is the market cap of Franklin St Prop (FSP)?

The market cap of Franklin St Prop (FSP) is approximately 211.3M.

What is the core business of Franklin Street Properties Corp?

FSP is a real estate investment trust that focuses on acquiring, managing, and leasing institutional-quality office properties in major U.S. urban markets, primarily through urban infill and central business district investments.

How does FSP generate its revenue?

Revenue is primarily generated from leasing income and property management fees, supported by strategic property acquisitions, developments, and dispositions that enhance long-term asset value.

Which markets are the main focus for FSP's investments?

FSP targets key U.S. markets including Atlanta, Dallas, Denver, Houston, and Minneapolis, where economic fundamentals and urban activity drive demand for premium office assets.

What distinguishes FSP from other REITs in the commercial real estate sector?

FSP differentiates itself by focusing on value-oriented investments in urban infill and central business district properties, combining rigorous market research with an integrated asset management approach.

What are the key components of FSP's operational strategy?

The company's operational strategy includes a comprehensive focus on property acquisitions and dispositions, lease management, development, and continuous asset optimization to sustain financial performance.

How does FSP manage risks within its investment portfolio?

FSP employs thorough due diligence, conservative financing practices, and robust asset management techniques to minimize exposure to market volatility and secure its investments in high-quality office properties.
Franklin St Prop

NYSE:FSP

FSP Rankings

FSP Stock Data

211.28M
88.49M
24.5%
66.76%
1.85%
REIT - Office
Real Estate Investment Trusts
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United States
WAKEFIELD