Franklin Street PropertiesNYSE American: FSP

Franklin Street Properties (FSP) reported FFO of $0.04 per share for the quarter, matching the Zacks Consensus Estimate. This is down from FFO of $0.08 per share in the same quarter last year.

Franklin Street Properties has pushed back all of its short-term debt obligations to 2026, and paid off $102 million of debt in February. The company is currently trading at a significant discount compared to a projected value of $837 million. FSP's value has increased due to a more favorable maturity schedule, possible Federal Reserve rate reductions, and a low price-to-earnings ratio based on its fourth-quarter FFO.

Franklin Street Properties (FSP) came out with quarterly funds from operations (FFO) of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.10 per share a year ago.

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the fourth quarter and full year 2023 after the market closes on Monday, February 26, 2024. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Tuesday morning, February 27, 2024. To access the call, please dial 888-440.

FSP trading at an 8.8x multiple to its annualized third-quarter FFO is comparatively expensive against its 1.7% dividend yield and 74.8% lease rate. The office REIT is currently trading significantly below its $6.88 book value per share. 2024 is set to see $311 million of debt mature which will mean more asset sales if FSP is unable to refinance.

Franklin Street Properties reports further property sales in their Q3 release. Despite the decline in leased space, FSP still reports positive funds from operations and continues to pay quarterly dividends. FSP's ongoing efforts to sell properties and unlock shareholder value indicate that the stock is still undervalued.

Franklin Street Properties Corporation (NYSE:FSP ) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - CEO & Chairman John Donahue - EVP & President, FSP Property Management LLC Jeff Carter - President & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Montgomery Scott Operator Good morning and welcome to the Franklin Street Properties Corp. Third Quarter 2023 Earnings Call. [Operator Instructions].

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the third quarter 2023 after the market closes on Tuesday, November 7, 2023. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, November 8, 2023. To access the call, please dial 888-440-4368 and use.

Franklin Street Properties Corporation (NYSE:FSP ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeff Carter - President & CIO Conference Call Participants Craig Kucera - B. Riley Securities Operator Good morning.