Franklin Street Properties is significantly undervalued, trading well below its book value, with recent financials showing a stable trajectory and positive FFO. The commercial real estate market is recovering, offering a small tailwind for FSP, with a 4.5% index increase over the past year. Recent developments include the sale of Pershing Park Plaza and an agreement with activist investors, potentially closing the share price gap.
Franklin Street Properties Corporation. (NYSE:FSP ) Q4 2024 Earnings Conference Call February 12, 2025 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeffrey Carter - President & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Operator Thank you for standing by.
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 2024 after the market closes on Tuesday, February 11, 2025. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, February 12, 2025. To access the call, please dial 888-.
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”) (NYSE American: FSP) announced today the tax composition of its 2024 distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of FSP distributions. Ticker Symbol: FSP Common Stock (CUSIP # 35471R106) 2024 2024 2024 2024 Total Unrecap. Total Taxable Taxable Capital 2024 Section Record Payable Distribution Ordinary Quali.
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 October 1, 2024 through December 31, 2024, payable on February 13, 2025 to stockholders of record as of January 24, 2025. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may.
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that Bruce J. Schanzer will join the Company's Board of Directors (the “Board”), effective November 27, 2024. In addition, effective November 27, 2024, the Board will appoint Mr. Schanzer to serve as a member of the Audit Committee. With the addition of Mr. Schanzer to the Board, effective November 27, 2024, the Board will be c.
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.