Profile
Sector:
Real EstateIndustry:
OfficeCountry:
United StatesIPO:
02 June 2005Website:
http://www.fspreit.comNext earnings report:
27 February 2025Last dividends:
18 October 2024Next dividends:
N/APrice
regular market | 13 min agoAnalysts recommendations
Institutional Ownership
FSP Latest News
SAINT-ÉTIENNE-DU-ROUVRAY, France--(BUSINESS WIRE)-- #5G--Adtran today announced that the Centre Régional Informatique et d'Applications Numériques de Normandie (CRIANN) is using its FSP 3000 optical transport technology and ALM fiber monitoring platform to boost the capacity and resilience of its research and education network, thanks to the financial support of the Normandy Region. By integrating Adtran's solution, the Normandy-based supercomputing center and provider of high-performance digital inf.
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 2024 after the market closes on Tuesday, October 29, 2024. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, October 30, 2024. To access the call, please dial 888-440-4368 and use.
Franklin Street Properties is a REIT trading below book value, with stabilized prices after a significant decline and a current price of $1.60. Lower interest rates and a modest uptick in the commercial real estate market create favorable conditions for FSP, enhancing its income and refinancing flexibility. Using sale-price-multiples, FSP's real estate assets are valued at ~$0.89b, lower than the previous ~$1.09b estimate, but still indicating strong potential returns.
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a quarterly dividend of $0.01 per share of common stock for the period July 1, 2024 through September 30, 2024, payable on November 7, 2024 to stockholders of record as of October 18, 2024. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be.
FREMONT, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB) is set to elevate its presence at this year's premier clinical industry events across the globe.
Franklin Street Properties is a REIT trading massively below its estimated asset value. The company's stock price recovered slightly from recent lows. The company continues to focus on debt repayment through property sales, with a recent sale reducing debt by $25.3m.
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a quarterly dividend of $0.01 per share of common stock for the period April 1, 2024 through June 30, 2024, payable on August 8, 2024 to stockholders of record as of July 19, 2024. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important.
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.
What type of business is Franklin Street Properties?
Franklin Street Properties Corp., based in Wakefield, Massachusetts, 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 seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. 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.
What sector is Franklin Street Properties in?
Franklin Street Properties is in the Real Estate sector
What industry is Franklin Street Properties in?
Franklin Street Properties is in the Office industry
What country is Franklin Street Properties from?
Franklin Street Properties is headquartered in United States
When did Franklin Street Properties go public?
Franklin Street Properties initial public offering (IPO) was on 02 June 2005
What is Franklin Street Properties website?
https://www.fspreit.com
Is Franklin Street Properties in the S&P 500?
No, Franklin Street Properties is not included in the S&P 500 index
Is Franklin Street Properties in the NASDAQ 100?
No, Franklin Street Properties is not included in the NASDAQ 100 index
Is Franklin Street Properties in the Dow Jones?
No, Franklin Street Properties is not included in the Dow Jones index
When was Franklin Street Properties the previous earnings report?
No data
When does Franklin Street Properties earnings report?
The next expected earnings date for Franklin Street Properties is 27 February 2025