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FSP

FSP

Franklin Street Properties Corp.
$0.42
+7.26% Oct 21 close
Real Estate Compare
-79%-55%-31%-7%+17%Oct 2025Oct 2026Apr 2026
FSPSPY
1W
+7.3%
1M
+23.0%
3M
-4.9%
6M
-34.6%
YTD
-55.5%
1Y
-70.0%

Live chart

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What they do

Franklin Street Properties Corp. is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP is focused on long-term growth and appreciation. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes.

Real Estate · REIT - Office

For information only · Important disclosures

Grades vs sector

No sector grades for FSP yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Franklin Street Properties Corp. to Announce Third Quarter 2026 Results
Business Wire · Oct 20
Parexel Transforms Functional Service Provider (FSP) Model to Improve R&D Productivity and Enhance Post-Approval Product Lifecycle Services for Biopharmaceutical Companies
GlobeNewswire · Sep 23
Franklin Street: Q2 Earnings Snapshot
Associated Press · Jul 28
Franklin Street Properties Corp. Announces Second Quarter 2026 Results
Business Wire · Jul 28

Key stats

Market value$42.9M
52-week range$0.30 – $1.43
Revenue growth (latest quarter vs a year ago)-1.3%
Dividend yieldNo dividend
Valuation and fundamentals

Valuation & fundamentals

Bottom line
No cash-flow valuation
Model read-out from the numbers below, not advice. Score -1 (DCF counts double).
▼Altman Z0.2 (distress)
▲Net debt / EBITDA-0.5x

Discounted cash flow

Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.
Reverse DCFfor context, not a signal
Trailing free cash flow is zero or negative, so there's no growth rate to solve for. The price is betting on a turnaround to positive cash flow.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-03-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.86 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Quality & financial health

Gross margin
60.3%
Operating margin
4.2%
FCF margin
-10.0%
Net margin
–
Return on equity
–
Return on invested capital
0.6%
Net debt / EBITDA
-0.5×
Current ratio
–
Interest cover
0.2×
Cash conversion (OCF/NI)
–

Altman Z-score 0.2 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

No analyst targets available.

Annual history

FYRevenueNet incomeFree cash flow
2025$107.2M–$-12.7M
2024$120.1M–$-16.2M
2023$145.7M–$-13.8M
2022$165.6M–$-39.7M
2021$209.4M–$-28.5M
2020$245.8M–$-9.5M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -13.5%.

Earnings

Next report: 2026-10-27 · after close · EPS est -0.08
24-0224-0424-0724-1025-0225-0425-0725-10-0.210.12
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2025-10-28-0.08-0.08–
2025-07-29-0.08-0.08–
2025-04-29-0.08-0.21-162.5%
2025-02-11-0.03-0.08-166.7%
2024-10-29-0.05-0.15-200.0%
2024-07-30-0.08-0.20-150.0%
2024-04-30-0.04-0.07-75.0%
2024-02-260.120.03-75.0%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$26.4M-1.3%
2026-03-31$26.2M–
2025-12-31$26.0M–
2025-09-30$27.3M–
2025-06-30$26.7M–
Analyst actions
B. Riley Securities
2023-05-16 · main
Buy → Buy
PT $2
B. Riley Securities
2023-02-22 · main
→ Buy
PT $4
Baird
2020-05-06 · main
→ Neutral
PT $7
B. Riley Securities
2020-05-05 · main
→ Buy
PT $6
B. Riley Securities
2020-02-18 · main
→ Buy
PT $9
B. Riley Securities
2020-02-18 · reit
→ Buy
PT $9

Recent dividends

2026-01-23: $0.010 · 2025-10-17: $0.010 · 2025-07-25: $0.010 · 2025-04-17: $0.010 · 2025-01-24: $0.010 · 2024-10-18: $0.010 · 2024-07-19: $0.010 · 2024-04-18: $0.010

Stats refreshed 2026-10-21 12:17:07 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026