What is Franklin Street Properties Corp's earnings per share (EPS)?

Franklin Street Properties Corp (FSP) reported diluted earnings per share of -$0.43 for fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Franklin Street Properties (FSP) Financials

FSP NYSE

Trailing 12 months to September 30, 2026

Revenue $103.6M -5.4% YoY

Net Income -$42.6M n/m YoY

EPS (Diluted) -$0.41 n/m YoY

Free Cash Flow -$5.0M n/m YoY

Market Cap $33.5M as of Oct 28, 2026

Price / Sales 0.3x on $103.6M revenue, trailing 12 months to September 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to September 30, 2026

Price / Book 0.1x on $570.9M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Sep 30, 2026 Reported Oct 27, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Oct 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FSP SEC filings page.

Franklin Street Properties Corp (FSP) reported $103.6M in revenue over the twelve months to Sep 30, 2026, down 5.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FSP FY2025 2026-10-25

The business is shrinking faster than its cost base, while recurring investment still consumes more cash than operations produce.

Cash conversion deteriorated: operating cash flow fell 58.2% in FY2025 even as net profit margin improved 1.9 percentage points, showing the accounting recovery did not reach cash. Capital expenditures were 437.4% of operating cash flow, leaving free cash flow at -$13M and making reinvestment the immediate cash constraint.

Revenue fell 10.8% and gross margin fell 1.7 percentage points in FY2025. SG&A fell 10.5%, but that reduction did not prevent gross profit from falling 13.3%, indicating a smaller operating base rather than clear fixed-cost absorption.

Assets contracted 5.7% while liabilities fell only 1.8%, so the balance sheet shrank without a comparable reduction in obligations. Long-term debt was $126M and debt-to-equity was 0.2x, indicating modest reported leverage despite continuing negative earnings.

Financial Health Signals

Financial Health Score (4 of 6 dimensions) 37/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Franklin Street Properties Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Franklin Street Properties Corp scores 33/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Franklin Street Properties Corp scores 5/100 on it among other REITs.

Leverage

n/a

Not available for Franklin Street Properties Corp, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Interest Cov.

n/a

Not available for Franklin Street Properties Corp, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Franklin Street Properties Corp scores 19/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Franklin Street Properties Corp scores 89/100 on it among other REITs.

Piotroski F-Score Partial

3/8

Franklin Street Properties Corp passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

N/A

Franklin Street Properties Corp reported a net loss of $45.0M while generating $3.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$24.9M

YoY-8.7%

QoQ-5.4%

5Y CAGR-13.3%

10Y CAGR-8.9%

Franklin Street Properties Corp generated $24.9M in revenue in Q3 2026. This represents a decrease of 8.7% from the same quarter a year earlier. Against the prior quarter it is down 5.4%.

Net Income

-$9.1M

YoYn/m

QoQn/m

Franklin Street Properties Corp reported a net loss of $9.1M in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)

-$0.09

YoYn/m

QoQn/m

Franklin Street Properties Corp earned -$0.09 per diluted share (EPS) in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow

$2.9M

YoY-2.5%

QoQn/m

5Y CAGR+0.7%

10Y CAGR-18.2%

Franklin Street Properties Corp generated $2.9M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 2.5% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$34.3M

YoY+9.0%

QoQ+52.5%

5Y CAGR+46.6%

10Y CAGR+9.9%

Franklin Street Properties Corp held $34.3M in cash as of Q3 2026; no long-term debt figure is on record for that period.

Shares Outstanding

104M

YoY+0.3%

QoQ0.0%

5Y CAGR-0.3%

Franklin Street Properties Corp had 104M shares outstanding in Q3 2026. This represents an increase of 0.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

57.5%

YoY-3.4pp

QoQ-4.5pp

5Y change-14.2pp

Franklin Street Properties Corp's gross margin was 57.5% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.5 percentage points.

Net Margin

-36.5%

YoY-6.0pp

QoQ+26.5pp

5Y change-45.3pp

10Y change-40.4pp

Franklin Street Properties Corp's net profit margin was -36.5% in Q3 2026, showing the share of revenue converted to profit. This is down 6.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 26.5 percentage points.

Return on Equity

-1.6%

YoY-0.2pp

QoQ+1.3pp

5Y change-2.2pp

10Y change-1.9pp

Franklin Street Properties Corp's quarterly ROE was -1.6% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Operating Margin

Not reported for Q3 2026.

Capital Allocation

Capital Expenditures

$3.9M

YoY-25.9%

QoQ+25.0%

5Y CAGR-26.3%

10Y CAGR-9.9%

Franklin Street Properties Corp invested $3.9M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 25.9% from the same quarter a year earlier. Against the prior quarter it is up 25.0%.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

FSP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSP quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$103.6M	$107.2M-10.8%	$120.1M-17.6%	$145.7M-12.0%	$165.6M-20.9%	$209.4M-14.8%	$245.8M-8.6%	$269.1M+0.1%	$268.9M-1.4%	$272.6M+9.1%	$249.9M+2.5%	$243.9M-2.3%	$249.7M+16.9%	$213.6M+32.2%	$161.6M+17.1%	$138.0M
Cost of Revenue	$41.5M	$42.0M-6.7%	$45.0M-11.2%	$50.7M-4.0%	$52.8M-13.2%	$60.9M-9.1%	$66.9M-7.4%	$72.3M+2.3%	$70.7M-0.7%	$71.2M	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$62.1M	$65.1M-13.3%	$75.1M-21.0%	$95.0M-15.8%	$112.8M-24.0%	$148.5M-17.0%	$178.9M-9.1%	$196.8M-0.7%	$198.2M-1.6%	$201.4M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$9.9M	$12.4M-10.5%	$13.9M-1.0%	$14.0M+1.0%	$13.9M-12.7%	$15.9M+6.0%	$15.0M+3.6%	$14.5M+10.7%	$13.1M-3.0%	$13.5M-4.6%	$14.1M+6.3%	$13.3M+2.4%	$13.0M+9.0%	$11.9M+20.1%	$9.9M+44.7%	$6.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$6.6M-21.2%	$8.4M-21.2%	$10.7M-19.3%	$13.2M-8.5%	$14.5M-24.3%	$19.1M-9.8%	$21.2M+33.2%	$15.9M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$103.8M-7.4%	$112.2M+5.9%	$105.9M-0.7%	$106.7M-5.1%	$112.4M+12.0%	$100.4M+27.5%	$78.7M+18.9%	$66.2M
Interest Expense	$29.0M	$24.7M-6.5%	$26.4M+8.7%	$24.3M+6.6%	$22.8M-29.3%	$32.3M-10.4%	$36.0M-2.0%	$36.8M-4.2%	$38.4M+18.5%	$32.4M+22.0%	$26.5M+4.4%	$25.4M-7.3%	$27.4M+30.3%	$21.1M+31.0%	$16.1M+26.9%	$12.7M
Income Tax	$213K	$189K-12.5%	$216K-22.6%	$279K+36.8%	$204K-68.0%	$638K+155.2%	$250K-7.1%	$269K-25.3%	$360K-10.0%	$400K-4.3%	$418K-3.5%	$433K-13.1%	$498K+3.8%	$480K+43.3%	$335K+25.5%	$267K
Net Income	-$42.6M	-$45.0Mn/m	-$52.7Mn/m	-$48.1M-4497.6%	$1.1M-98.8%	$92.7M+184.3%	$32.6M+403.7%	$6.5M-50.5%	$13.1Mn/m	-$15.9M-290.3%	$8.4M-76.1%	$35.0M+166.3%	$13.1M-33.7%	$19.8M+159.8%	$7.6M-82.5%	$43.5M
EPS (Basic)	N/A	-$0.43n/m	-$0.51n/m	-$0.47-4800.0%	$0.01-98.9%	$0.87+190.0%	$0.30+400.0%	$0.06-50.0%	$0.12n/m	-$0.15-287.5%	$0.08-77.1%	$0.35+169.2%	$0.13-38.1%	$0.21+133.3%	$0.09-83.0%	$0.53
EPS (Diluted)	-$0.41	-$0.43n/m	-$0.51n/m	-$0.47-4800.0%	$0.01-98.9%	$0.87+190.0%	$0.30+400.0%	$0.06-50.0%	$0.12n/m	-$0.15-287.5%	$0.08-77.1%	$0.35+169.2%	$0.13-38.1%	$0.21+133.3%	$0.09-83.0%	$0.53
Diluted Shares (Avg)	N/A	104M+0.1%	104M+0.1%	103M0.0%	103M-3.1%	107M-0.6%	107M+0.1%	107M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	82M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$24.9M-8.7%	$26.4M-1.3%	$26.2M-3.3%	$26.0M-8.2%	$27.3M-8.0%	$26.7M-13.3%	$27.1M-13.2%	$28.4M-18.4%
Cost of Revenue	$10.6M-0.7%	$10.0M-6.5%	$10.3M+1.9%	$10.6M-7.4%	$10.7M-7.8%	$10.7M-3.0%	$10.1M-8.4%	$11.4M-12.8%
Gross Profit	$14.3M-13.8%	$16.3M+2.1%	$15.9M-6.3%	$15.5M-8.8%	$16.6M-8.2%	$16.0M-19.1%	$17.0M-15.8%	$17.0M-21.8%
SG&A Expenses	$2.2M-28.8%	$2.4M-26.8%	$2.7M-23.4%	$2.6M-6.6%	$3.0M-7.4%	$3.3M-9.7%	$3.5M-16.2%	$2.8M-11.3%
Interest Expense	$7.8M+23.2%	$8.0M+26.0%	$6.8M+19.7%	$6.3M+7.3%	$6.3M-3.6%	$6.3M-10.5%	$5.7M-16.9%	$5.9M-5.0%
Income Tax	$57K+1800.0%	$50K-39.0%	$54K+3.8%	$52K-3.7%	$3K-94.6%	$82K+70.8%	$52K-10.3%	$54K-19.4%
Net Income	-$9.1Mn/m	-$16.6Mn/m	-$9.5Mn/m	-$7.3Mn/m	-$8.3Mn/m	-$7.9Mn/m	-$21.4Mn/m	-$8.5M-338.5%
EPS (Basic)	-$0.09n/m	-$0.16n/m	-$0.09n/m	-$0.07n/m	-$0.08n/m	-$0.08n/m	-$0.21n/m	-$0.08-366.7%
EPS (Diluted)	-$0.09n/m	-$0.16n/m	-$0.09n/m	-$0.07n/m	-$0.08n/m	-$0.08n/m	-$0.21n/m	-$0.08-366.7%
Diluted Shares (Avg)	104M+0.3%	104M+0.2%	104M+0.1%	N/A	104M+0.1%	104M+0.1%	104M+0.1%	N/A

Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.

FSP Balance Sheet

FSP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$892.9M-5.7%	$946.9M-19.0%	$1.2B-5.8%	$1.2B-9.0%	$1.4B-23.9%	$1.8B-2.7%	$1.8B-2.9%	$1.9B-4.6%	$2.0B-4.7%	$2.1B+8.8%	$1.9B-0.9%	$1.9B-5.3%	$2.0B+33.9%	$1.5B+8.3%	$1.4B
Cash & Equivalents	$30.6M-25.7%	$41.1M-67.2%	$125.5M+3257.3%	$3.7M-89.1%	$34.3M+1194.6%	$2.6M-72.9%	$9.8M-12.4%	$11.2M+14.4%	$9.8M+4.7%	$9.3M-48.6%	$18.2M+141.6%	$7.5M-61.7%	$19.6M-7.7%	$21.3M-10.7%	$23.8M
Accounts Receivable	$471K-63.3%	$1.3M-41.4%	$2.2M-0.5%	$2.2M+12.6%	$2.0M-74.5%	$7.7M+98.8%	$3.9M-2.2%	$3.9M+26.1%	$3.1M+0.3%	$3.1M+7.4%	$2.9M-38.8%	$4.7M-7.2%	$5.1M+191.7%	$1.7M+19.8%	$1.5M
Total Liabilities	$285.9M-1.8%	$291.1M-36.2%	$456.5M-3.5%	$472.9M-18.6%	$581.0M-43.3%	$1.0B-3.0%	$1.1B-0.4%	$1.1B-5.2%	$1.1B-0.6%	$1.1B+14.5%	$983.4M+2.8%	$956.7M-3.7%	$993.9M+50.3%	$661.3M+35.7%	$487.3M
Long-Term Debt	$125.6M+0.9%	$124.5M+8.5%	$114.7M-30.4%	$164.8M-39.9%	$274.3M-61.8%	$717.3M-6.3%	$765.7M+0.2%	$764.3M-0.1%	$764.9M0.0%	$765.2M+23.9%	$617.6M-0.4%	$620.0M0.0%	$620.0M+55.0%	$400.0M	N/A
Total Equity	$607.0M-7.5%	$655.9M-8.0%	$712.8M-7.3%	$768.7M-1.8%	$783.2M+2.0%	$768.1M-2.3%	$786.4M-6.1%	$837.6M-3.9%	$871.3M-9.4%	$962.0M+2.8%	$935.7M-4.5%	$979.6M-6.7%	$1.1B+21.4%	$864.7M-6.1%	$921.4M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$853.5M-5.3%	$864.9M-4.3%	$881.8M-3.8%	$892.9M-5.7%	$901.0M-8.2%	$903.2M-10.8%	$916.4M-11.8%	$946.9M-19.0%
Cash & Equivalents	$34.3M+9.0%	$22.5M-23.5%	$23.8M-21.3%	$30.6M-25.7%	$31.4M-23.1%	$29.4M-2.9%	$30.2M-11.7%	$41.1M-67.2%
Accounts Receivable	$1.5M+8.2%	$1.4M-8.4%	$1.3M-8.0%	$471K-63.3%	$1.4M+2.3%	$1.6M-33.2%	$1.5M-33.5%	$1.3M-41.4%
Total Liabilities	$282.6M-1.1%	$284.9M+2.3%	$285.4M+0.8%	$285.9M-1.8%	$285.7M-9.6%	$278.5M-15.7%	$283.0M-15.6%	$291.1M-36.2%
Long-Term Debt	N/A	N/A	N/A	$125.6M+0.9%	$125.1M-9.1%	$125.1M-16.4%	$124.9M-16.3%	$124.5M+8.5%
Total Equity	$570.9M-7.2%	$580.0M-7.2%	$596.4M-5.8%	$607.0M-7.5%	$615.3M-7.5%	$624.7M-8.4%	$633.4M-10.0%	$655.9M-8.0%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.

FSP Cash Flow Statement

FSP quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$8.6M	$3.8M-58.2%	$9.0M-49.7%	$17.9M+17.3%	$15.2M-58.1%	$36.4M-46.9%	$68.4M-16.4%	$81.9M+2.1%	$80.2M-16.4%	$95.9M+1.7%	$94.4M-8.3%	$102.9M-0.3%	$103.2M+12.1%	$92.0M+30.8%	$70.4M+15.4%	$61.0M
Depreciation & Amortization	N/A	$45.3M-5.1%	$47.7M-16.6%	$57.2M-12.9%	$65.7M-18.9%	$81.0M-11.5%	$91.6M-2.4%	$93.8M-3.5%	$97.2M-6.3%	$103.7M+8.9%	$95.2M+1.9%	$93.4M-4.6%	$97.9M+20.5%	$81.3M+41.3%	$57.5M+14.4%	$50.3M
Stock-Based Compensation	N/A	$225K-16.7%	$270K-14.3%	$315K-20.1%	$394K+16.6%	$338K+0.3%	$337K0.0%	$337K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	$13.6M	$16.4M-34.9%	$25.2M-20.3%	$31.6M-42.4%	$54.9M-15.3%	$64.8M-16.8%	$77.9M+10.1%	$70.7M+38.6%	$51.1M-5.8%	$54.2M+44.9%	$37.4M+72.0%	$21.8M+18.4%	$18.4M-3.9%	$19.1M+20.8%	$15.8M	N/A
Free Cash Flow	-$5.0M	-$12.7Mn/m	-$16.2Mn/m	-$13.8Mn/m	-$39.7Mn/m	-$28.5Mn/m	-$9.5M-184.8%	$11.2M-61.7%	$29.1M-30.2%	$41.8M-26.7%	$57.0M-29.8%	$81.1M-4.3%	$84.8M+16.3%	$72.9M+33.7%	$54.5M	N/A
Investing Cash Flow	$4.4M	-$10.3M-114.7%	$70.3M-38.1%	$113.6M+53.5%	$74.0M-85.4%	$505.5M+4479.0%	$11.0Mn/m	-$19.6M-176.5%	$25.6Mn/m	-$5.1Mn/m	-$245.0Mn/m	-$38.1M-2167.5%	$1.8Mn/m	-$562.6Mn/m	-$172.3Mn/m	-$218.3M
Financing Cash Flow	-$9.7M	-$5.6Mn/m	-$164.5Mn/m	-$10.3Mn/m	-$123.4Mn/m	-$505.2Mn/m	-$85.1Mn/m	-$63.7Mn/m	-$104.5Mn/m	-$90.4M-163.8%	$141.8Mn/m	-$54.1Mn/m	-$117.1M-125.0%	$469.0M+371.9%	$99.4M-12.0%	$112.9M
Dividends Paid	$2.1M	$4.1M+0.1%	$4.1M+0.2%	$4.1M-92.3%	$54.0M+40.3%	$38.5M-0.4%	$38.6M+0.1%	$38.6M-21.7%	$49.3M-39.5%	$81.5M+5.2%	$77.5M+1.8%	$76.1M0.0%	$76.1M+9.4%	$69.6M+10.4%	$63.0M+1.4%	$62.2M
Share Buybacks	N/A	N/A	N/A	N/A	$4.8M-73.5%	$18.2M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$6.8M-17.4%	$3.0Mn/m	-$5.2Mn/m	$3.8M+70.2%	$8.3M-42.8%	-$2.9Mn/m	-$5.5Mn/m	$2.3M-64.4%
Depreciation & Amortization	$10.5M-0.5%	$10.4M-1.8%	$11.6M+0.8%	$11.3M-1.5%	$10.6M-3.3%	$10.6M-7.5%	$11.5M-6.5%	$11.5M-8.6%
Stock-Based Compensation	N/A	$180K	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	$3.9M-25.9%	$3.1M+9.5%	$2.7M-39.5%	$3.8M-38.0%	$5.3M-9.3%	$2.9M-36.1%	$4.5M-49.1%	$6.1M+9.4%
Free Cash Flow	$2.9M-2.5%	-$103Kn/m	-$7.8Mn/m	$24Kn/m	$3.0M-65.4%	-$5.7Mn/m	-$9.9Mn/m	-$3.9M-649.2%
Investing Cash Flow	$14.1Mn/m	-$3.1M-197.1%	-$2.7Mn/m	-$3.8M-114.4%	-$5.3M-123.2%	$3.2Mn/m	-$4.5M-117.4%	$26.4M-73.4%
Financing Cash Flow	-$8.5Mn/m	-$1.2Mn/m	$1.0Mn/m	-$1.0Mn/m	-$1.9Mn/m	-$1.4Mn/m	-$1.2Mn/m	-$28.4M-416.7%
Dividends Paid	$0-100.0%	$0-100.0%	$1.0M+0.1%	$1.0M+0.1%	$1.0M+0.1%	$1.0M+0.1%	$1.0M+0.2%	$1.0M+0.2%

Not reported in any period shown, so not listed: Share Buybacks.

FSP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	60.8%-1.7pp	62.5%-2.7pp	65.2%-2.9pp	68.1%-2.8pp	70.9%-1.8pp	72.8%-0.4pp	73.1%-0.6pp	73.7%-0.2pp	73.9%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2.5%-0.6pp	3.1%-1.2pp	4.3%-1.2pp	5.4%-0.4pp	5.8%-3.2pp	8.9%-4.2pp	13.1%+1.6pp	11.5%
Net Margin	-42.0%+1.9pp	-43.9%-10.9pp	-33.0%-33.7pp	0.7%-43.6pp	44.3%+31.0pp	13.3%+10.9pp	2.4%-2.4pp	4.9%+10.7pp	-5.9%-9.2pp	3.4%-11.0pp	14.4%+9.1pp	5.3%-4.0pp	9.3%+4.6pp	4.7%-26.8pp	31.5%
Return on Equity	-7.4%+0.6pp	-8.0%-1.3pp	-6.8%-6.9pp	0.1%-11.7pp	11.8%+7.6pp	4.3%+3.4pp	0.8%-0.7pp	1.6%+3.4pp	-1.8%-2.7pp	0.9%-2.9pp	3.7%+2.4pp	1.3%-0.5pp	1.9%+1.0pp	0.9%-3.8pp	4.7%
Return on Assets	-5.0%+0.5pp	-5.6%-1.5pp	-4.1%-4.2pp	0.1%-6.7pp	6.8%+5.0pp	1.8%+1.5pp	0.4%-0.3pp	0.7%+1.5pp	-0.8%-1.2pp	0.4%-1.4pp	1.8%+1.1pp	0.7%-0.3pp	1.0%+0.5pp	0.5%-2.6pp	3.1%
Debt-to-Equity	0.210.0x	0.190.0x	0.16-0.1x	0.21-0.1x	0.35-0.6x	0.930.0x	0.97+0.1x	0.910.0x	0.88+0.1x	0.80+0.1x	0.660.0x	0.630.0x	0.59+0.1x	0.46	N/A
Liabilities-to-Equity	0.470.0x	0.44-0.2x	0.640.0x	0.62-0.1x	0.74-0.6x	1.330.0x	1.34+0.1x	1.270.0x	1.28+0.1x	1.17+0.1x	1.05+0.1x	0.980.0x	0.95+0.2x	0.76+0.2x	0.53
Asset Turnover	0.120.0x	0.130.0x	0.120.0x	0.130.0x	0.150.0x	0.140.0x	0.150.0x	0.140.0x	0.140.0x	0.120.0x	0.130.0x	0.130.0x	0.100.0x	0.110.0x	0.10
FCF Margin	-11.8%+1.7pp	-13.5%-4.1pp	-9.4%+14.5pp	-24.0%-10.4pp	-13.6%-9.8pp	-3.9%-8.0pp	4.2%-6.7pp	10.8%-4.5pp	15.3%-7.5pp	22.8%-10.5pp	33.3%-0.7pp	34.0%-0.2pp	34.1%+0.4pp	33.8%	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	57.5%-3.4pp	62.0%+2.1pp	60.8%-2.0pp	59.4%-0.3pp	60.9%-0.1pp	59.9%-4.3pp	62.8%-1.9pp	59.7%-2.6pp
Net Margin	-36.5%-6.0pp	-63.0%-33.5pp	-36.3%+42.7pp	-28.1%+1.9pp	-30.5%+22.1pp	-29.5%+38.7pp	-79.1%-54.9pp	-30.0%-40.3pp
Return on Equity	-1.6%-0.2pp	-2.9%-1.6pp	-1.6%+1.8pp	-1.2%+0.1pp	-1.4%+1.0pp	-1.3%+1.8pp	-3.4%-2.3pp	-1.3%-1.8pp
Return on Assets	-1.1%-0.1pp	-1.9%-1.0pp	-1.1%+1.3pp	-0.8%+0.1pp	-0.9%+0.7pp	-0.9%+1.2pp	-2.3%-1.6pp	-0.9%-1.2pp
Debt-to-Equity	N/A	N/A	N/A	0.210.0x	0.200.0x	0.200.0x	0.200.0x	0.190.0x
Liabilities-to-Equity	0.490.0x	0.490.0x	0.480.0x	0.470.0x	0.460.0x	0.450.0x	0.450.0x	0.44-0.2x
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x
FCF Margin	11.7%+0.7pp	-0.4%+21.1pp	-29.9%+6.7pp	0.1%+13.8pp	11.0%-18.2pp	-21.5%-4.8pp	-36.6%+14.1pp	-13.7%-15.7pp

Not reported in any period shown, so not listed: Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Franklin Street Properties Corp FSP	FY2025	$107.2M	-$45.0M	-42.0%	$33.5M	37/100
Orion Properties Inc. ONL	FY2025	$147.6M	-$139.3M	-94.3%	$142.6M	34/100
Net Lease Office Properties NLOP	FY2025	$118.9M	-$145.3M	N/A	$139.3M	69/100
Piedmont Realty Trust, Inc. PDM	FY2025	$565.0M	-$83.6M	-14.8%	$1.2B	48/100

Where Franklin Street Properties Corp Ranks

Frequently Asked Questions

What is Franklin Street Properties Corp's annual revenue?

Franklin Street Properties Corp (FSP) reported $107.2M in total revenue for fiscal year 2025. This represents a -10.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Franklin Street Properties Corp's revenue growing?

Franklin Street Properties Corp (FSP) revenue declined by 10.8% year-over-year, from $120.1M to $107.2M in fiscal year 2025.

Is Franklin Street Properties Corp profitable?

No, Franklin Street Properties Corp (FSP) reported a net loss of $42.6M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $45.0M, with a net profit margin of -42.0%.

How much debt does Franklin Street Properties Corp have?

As of fiscal year 2025, Franklin Street Properties Corp (FSP) had $30.6M in cash and equivalents against $125.6M in long-term debt.

What is Franklin Street Properties Corp's gross margin?

Franklin Street Properties Corp (FSP) had a gross margin of 60.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Franklin Street Properties Corp's net profit margin?

Franklin Street Properties Corp (FSP) had a net profit margin of -42.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Franklin Street Properties Corp pay dividends?

Yes, Franklin Street Properties Corp (FSP) paid $0.04 per share in dividends during fiscal year 2025.

What is Franklin Street Properties Corp's return on equity (ROE)?

Franklin Street Properties Corp (FSP) has a return on equity of -7.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Franklin Street Properties Corp's free cash flow?

Franklin Street Properties Corp (FSP) recorded an outflow of $12.7M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Franklin Street Properties Corp's operating cash flow?

Franklin Street Properties Corp (FSP) generated $3.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Franklin Street Properties Corp's total assets?

Franklin Street Properties Corp (FSP) had $892.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Franklin Street Properties Corp's capital expenditures?

Franklin Street Properties Corp (FSP) invested $16.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Franklin Street Properties Corp have outstanding?

Franklin Street Properties Corp (FSP) had 104M shares outstanding as of fiscal year 2025.

What is Franklin Street Properties Corp's debt-to-equity ratio?

Franklin Street Properties Corp (FSP) had a debt-to-equity ratio of 0.21 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Franklin Street Properties Corp's liabilities-to-equity ratio?

Franklin Street Properties Corp (FSP) had a liabilities-to-equity ratio of 0.47 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Franklin Street Properties Corp's return on assets (ROA)?

Franklin Street Properties Corp (FSP) had a return on assets of -5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Franklin Street Properties Corp's P/E ratio?

Franklin Street Properties Corp (FSP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 30, 2026). The market capitalization is $33.5M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Franklin Street Properties Corp's price-to-sales ratio?

Franklin Street Properties Corp (FSP) trades at 0.3x sales, its market capitalization divided by $103.6M revenue, trailing 12 months to September 30, 2026. The market capitalization is $33.5M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Franklin Street Properties Corp's Piotroski F-Score?

Franklin Street Properties Corp (FSP) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Franklin Street Properties Corp's earnings high quality?

Franklin Street Properties Corp (FSP) reported a net loss of $45.0M while generating $3.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Franklin Street Properties Corp?

Franklin Street Properties Corp (FSP) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Franklin Street Properties Corp it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.