FSP on NYSE

FRANKLIN STREET PROPERTIES CORP /MA/

American real estate investment trust, incorporated in Massachusetts. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

Compare with UNIVERSAL HEALTH REALTY INCOME TRUST, Cantor Fitzgerald Income Trust, Inc. or BRT Apartments Corp., or pick any stock.

  • TickerFSP on NYSE1
  • IndustryReal Estate Investment Trusts1
  • HeadquartersWakefield, Massachusetts1
  • Incorporated inMA2
  • Business address401 Edgewater Place, Ste 200, Wakefield, Ma 018802
  • Filer categoryAccelerated filer, Smaller reporting company2

Our company, Franklin Street Properties Corp., which we refer to as FSP Corp., the Company, we or our, is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust, or REIT, for federal income tax purposes. Our common stock is traded on the NYSE American under the symbol “FSP”. FSP Corp. is the successor to Franklin Street Partners Limited Partnership, or the FSP Partnership, which was originally formed as a Massachusetts general partnership in January 1997 as the successor to a Massachusetts general partnership that was formed in 1981. On January 1, 2002, the FSP Partnership converted into FSP Corp., which we refer to as the conversion. As a result of this conversion, the FSP Partnership ceased to exist and we succeeded to the business of the FSP Partnership. In the conversion, each unit of both general and limited partnership interests in th…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-42.0%Net margin4
-10.8%Revenue growth, 20254
-7.4%Return on equity4
-$12.7MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue39¢$42.0M
  • Other costs61¢$64.9M
  • Income tax0¢$189.0K

Out of $107.2M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending80¢$16.4M
  • Dividends paid20¢$4.1M

Out of $3.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$107.2M in 2025−60% since 2019
0$100.0M$200.0M$300.0M2019: $269.1M$269.1M20192020: $245.8M$245.8M2020−9%2021: $209.4M$209.4M2021−15%2022: $165.6M$165.6M2022−21%2023: $145.7M$145.7M2023−12%2024: $120.1M$120.1M2024−18%2025: $107.2M$107.2M2025−11%
Net income56784-$45.0M in 2025
-$100.0M-$50.0M0$50.0M$100.0M2019: $6.5M$6.5M20192020: $32.6M$32.6M2020+404%2021: $92.7M$92.7M2021+184%2022: $1.1M$1.1M2022−99%2023: -$48.1M-$48.1M20232024: -$52.7M-$52.7M2024+10%2025: -$45.0M-$45.0M2025−15%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Rental$107.2M$120.1M$145.4M
Total revenues$107.2M$120.1M$145.7M
Real estate operating expenses$42.0M$45.0M$50.7M
Real estate taxes and insurance$18.2M$22.7M$27.2M
Depreciation and amortization$42.6M$44.8M$54.7M
General and administrative$12.4M$13.9M$14.0M
Interest$24.7M$26.4M$24.3M
Total expenses$140.0M$152.8M$171.0M
Loss on extinguishment of debt-$12.0K-$1.0M-$106.0K
Gain on consolidation of Sponsored REIT$394.0K
Loss on sale of properties and impairment of assets held for sale, net-$12.9M-$20.8M-$23.4M
Interest income$986.0K$2.1M$567.0K
Loss before taxes-$44.8M-$52.5M-$47.8M
Tax expense$189.0K$216.0K$279.0K
Net loss-$45.0M-$52.7M-$48.1M
Weighted average number of shares outstanding, basic (in shares)103.6M shares103.5M shares103.4M shares
Weighted average number of shares outstanding, diluted (in shares)103.6M shares103.5M shares103.4M shares
Net loss per share, basic (in dollars per share)-$0.43-$0.51-$0.47
Net loss per share, diluted (in dollars per share)-$0.43-$0.51-$0.47

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Leadership

Who has led FRANKLIN STREET PROPERTIES CORP /MA/, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (17)

Former names

  • FRANKLIN STREET PARTNERS LPAug 14, 2001 to Jan 7, 20022

Timeline

  1. May 17, 2006New chief executive George J. Carter becomes CEO13

Filings

170 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 41 major events, 56 insider forms, 39 large holders, 14 other. The latest 20:

  1. Oct 14, 2026SCHEDULE 13D EDGAR
  2. Aug 3, 2026SCHEDULE 13G EDGAR
  3. Jul 28, 2026SCHEDULE 13G/A EDGAR
  4. Jul 28, 202610-Q EDGAR
  5. Jul 28, 20268-K EDGAR
  6. Jul 13, 20268-K EDGAR
  7. May 29, 20264 OWNERSHIP DOCUMENT EDGAR
  8. May 29, 20264 OWNERSHIP DOCUMENT EDGAR
  9. May 29, 20264 OWNERSHIP DOCUMENT EDGAR
  10. May 29, 20264 OWNERSHIP DOCUMENT EDGAR
  11. May 14, 20268-K EDGAR
  12. Apr 28, 202610-Q EDGAR
  13. Apr 28, 20268-K EDGAR
  14. Apr 2, 2026ARS EDGAR
  15. Apr 2, 2026DEFA14A EDGAR
  16. Apr 2, 2026DEF 14A EDGAR
  17. Mar 9, 202610-K EDGAR
  18. Mar 9, 20268-K EDGAR
  19. Mar 4, 20268-K EDGAR
  20. Feb 11, 2026SCHEDULE 13G/A EDGAR

The 170 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

39 open-market trades by officers, directors and large owners since October 2021: 38 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 16, 2024Carter Jeffrey BPresident & CIOBuy18,500$2.12$39.2KForm 4
Dec 13, 2024Schanzer Bruce JDirectorBuy43,311$1.89$81.9KForm 4
Dec 12, 2024Schanzer Bruce JDirectorBuy40,600$1.89$76.7KForm 4
Dec 11, 2024Schanzer Bruce JDirectorBuy110,589$1.87$206.8KForm 4
Mar 4, 2024HANSEN BRIAN NDirectorBuy50,000$2.33$116.5KForm 4
Nov 13, 2023HANSEN BRIAN NDirectorBuy40,000$2.09$83.6KForm 4
Nov 10, 2023HANSEN BRIAN NDirectorBuy35,000$2.10$73.5KForm 4
Aug 22, 2023HANSEN BRIAN NDirectorBuy2,177$1.80$3.9KForm 4
Aug 21, 2023HANSEN BRIAN NDirectorBuy19,705$1.80$35.5KForm 4
Aug 18, 2023HANSEN BRIAN NDirectorBuy3,118$1.80$5.6KForm 4
Aug 8, 2023HANSEN BRIAN NDirectorBuy10,000$1.79$17.9KForm 4
Aug 7, 2023HANSEN BRIAN NDirectorBuy13,590$1.80$24.5KForm 4
May 26, 2023Odle Jonathan Bennett10% ownerSale365,000$1.42$518.3KForm 4
May 26, 2023HANSEN BRIAN NDirectorBuy50,000$1.43$71.5KForm 4
May 25, 2023HANSEN BRIAN NDirectorBuy50,000$1.47$73.5KForm 4
May 16, 2023HANSEN BRIAN NDirectorBuy100,000$1.48$148.0KForm 4
Mar 9, 2023HANSEN BRIAN NDirectorBuy100,000$2.08$208.0KForm 4
Mar 8, 2023MCGILLICUDDY DENNIS JDirectorBuy25,000$2.13$53.2KForm 4
Mar 7, 2023MCGILLICUDDY DENNIS JDirectorBuy150,000$2.18$327.0KForm 4
Mar 6, 2023MCGILLICUDDY DENNIS JDirectorBuy25,000$2.25$56.2KForm 4

All 39 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Private Management Group Inc10,161,175$5.2M0.1%+107,557
Newtyn Management, LLC7,150,000$3.7M0.5%No change
Converium Capital Inc.6,608,478$3.4M3.2%No change
Bank Of America Corp /de/4,789,235$2.5M0.0%−174,134
Vanguard Capital Management LLC3,736,238$1.9M0.0%+120,472
Guardsman Private Capital Management, Inc.2,869,173$1.5M1.0%No change
Renaissance Technologies LLC1,916,987$987.2K0.0%+224,384
BlackRock, Inc.1,390,429$716.1K0.0%−4,603,852
Confluence Investment Management LLC1,231,656$634.3K0.0%No change
Morgan Stanley1,175,065$605.2K0.0%−570,923
Cambria Investment Management, L.P.1,086,643$559.6K0.0%+210,672
RBF Capital, LLC958,456$493.6K0.0%No change
Aqr Capital Management LLC938,924$483.5K0.0%+615,421
Geode Capital Management, LLC909,782$468.7K0.0%−1,350,845
Jane Street Group, LLC854,669$440.2K0.0%New
Citadel Advisors LLC654,954$337.3K0.0%+542,870
Goldman Sachs Group Inc566,786$291.9K0.0%+27,526
Millennium Management LLC524,705$270.2K0.0%New
Vanguard Fiduciary Trust Co490,602$252.7K0.0%−32,052
Susquehanna International Group, Llp442,807$228.0K0.0%+412,747
Dimensional Fund Advisors LP423,310$218.1K0.0%No change
State Street Corp420,203$216.4K0.0%−1,180,280
Charles Schwab Investment Management Inc399,237$205.6K0.0%−197,871
Two Sigma Investments, LP383,899$197.7K0.0%−43,854
Wittenberg Investment Management, Inc.332,694$171.3K0.1%+172,300

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 31, 2022Virginia FoxxRepublican, HouseSale$50,001 - $100,000+164.3%Report
Jan 21, 2022Virginia FoxxRepublican, HouseBuy$50,001 - $100,000−169.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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