# Franklin Street Properties Corp: overview

FSP · NYSE · CIK 1031316 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/fsp.md) · [Financials](/companies/fsp/financials.md) · [Filings](/companies/fsp/filings.md) · [Insiders](/companies/fsp/insiders.md)

Latest reported revenue: [$26.2m](/filings/0001104659-26-050395.md) for Q1 FY2026, three months to 2026-03-31, from the 10-Q filed Apr 28, 2026 (XBRL us-gaap:Revenues, accession 0001104659-26-050395).

## Last eight quarters

| Line item | Unit | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [30.8](/filings/0001558370-25-009745.md) | [29.7](/filings/0001104659-25-103202.md) | [28.4 d](/filings/0001104659-26-025284.md) | [27.1](/filings/0001104659-26-050395.md) | [26.7](/filings/0001558370-25-009745.md) | [27.3](/filings/0001104659-25-103202.md) | [26.0 d](/filings/0001104659-26-025284.md) | [26.2](/filings/0001104659-26-050395.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(68.2%)](/filings/0001558370-25-009745.md) | [(52.6%)](/filings/0001104659-25-103202.md) | [(30.0%) d](/filings/0001104659-26-025284.md) | [(79.1%)](/filings/0001104659-26-050395.md) | [(29.5%)](/filings/0001558370-25-009745.md) | [(30.5%)](/filings/0001104659-25-103202.md) | [(28.1%) d](/filings/0001104659-26-025284.md) | [(36.3%)](/filings/0001104659-26-050395.md) |
| Diluted EPS | $ per share | [(0.20)](/filings/0001558370-25-009745.md) | [(0.15)](/filings/0001104659-25-103202.md) | not reported | [(0.21)](/filings/0001104659-26-050395.md) | [(0.08)](/filings/0001558370-25-009745.md) | [(0.08)](/filings/0001104659-25-103202.md) | not reported | [(0.09)](/filings/0001104659-26-050395.md) |
| Free cash flow | $m | [(5.1) d](/filings/0001558370-25-009745.md) | [8.6 d](/filings/0001104659-25-103202.md) | [(3.9) d](/filings/0001104659-26-025284.md) | [(9.9)](/filings/0001104659-26-050395.md) | [(5.7) d](/filings/0001558370-25-009745.md) | [3.0 d](/filings/0001104659-25-103202.md) | [0.0 d](/filings/0001104659-26-025284.md) | [(7.8)](/filings/0001104659-26-050395.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic; Revenue: us-gaap:Revenues; Net income: us-gaap:ProfitLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [209](/filings/0001558370-24-001708.md) | [166](/filings/0001558370-25-000806.md) | [146](/filings/0001104659-26-025284.md) | [120](/filings/0001104659-26-025284.md) | [107](/filings/0001104659-26-025284.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [44.3%](/filings/0001558370-24-001708.md) | [0.7%](/filings/0001558370-25-000806.md) | [(33.0%)](/filings/0001104659-26-025284.md) | [(43.9%)](/filings/0001104659-26-025284.md) | [(42.0%)](/filings/0001104659-26-025284.md) |
| Diluted EPS | $ per share | [0.87](/filings/0001558370-24-001708.md) | [0.01](/filings/0001558370-25-000806.md) | [(0.47)](/filings/0001104659-26-025284.md) | [(0.51)](/filings/0001104659-26-025284.md) | [(0.43)](/filings/0001104659-26-025284.md) |
| Free cash flow | $m | [(28.5)](/filings/0001558370-24-001708.md) | [(39.7)](/filings/0001558370-25-000806.md) | [(13.8)](/filings/0001104659-26-025284.md) | [(16.2)](/filings/0001104659-26-025284.md) | [(12.7)](/filings/0001104659-26-025284.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/fsp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [PRIVATE MANAGEMENT GROUP INC](/funds/1142031.md) | 2026-06-30 | $5.2m | 10,161,175 |  | Added +107,557 |
| [Newtyn Management, LLC](/funds/1569241.md) | 2026-06-30 | $3.7m | 7,150,000 |  | Unchanged |
| [Converium Capital Inc.](/funds/2043653.md) | 2026-06-30 | $3.4m | 6,608,478 |  | Unchanged |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $2.5m | 4,789,235 |  | Reduced −174,134 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.9m | 3,736,238 |  | Added +120,472 |
| [GUARDSMAN PRIVATE CAPITAL MANAGEMENT, INC.](/funds/2110760.md) | 2026-06-30 | $1.5m | 2,869,173 |  | Unchanged |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $987.2k | 1,916,987 |  | Added +224,384 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $716.1k | 1,390,429 |  | Reduced −4,603,852 |
| [CONFLUENCE INVESTMENT MANAGEMENT LLC](/funds/1442056.md) | 2026-06-30 | $634.3k | 1,231,656 |  | Unchanged |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $605.2k | 1,175,065 |  | Reduced −570,923 |

## Recent filings

[All 596 filings](/companies/fsp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 16:25 ET | [8-K](/filings/0001104659-26-119169.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-119169 |
| 2026-10-14 | 20:26 ET | [SCHEDULE 13D](/filings/0001214659-26-012926.md) | Ownership report, active investor | 0001214659-26-012926 |
| 2026-07-28 | 16:28 ET | [10-Q](/filings/0001104659-26-087555.md) | Quarterly report, period 2026-06-30 | 0001104659-26-087555 |
| 2026-07-28 | 16:25 ET | [8-K](/filings/0001104659-26-087553.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-087553 |
| 2026-07-13 | 16:25 ET | [8-K](/filings/0001104659-26-083120.md) | 2.01 Completion of an acquisition or disposition; 9.01 Financial statements and exhibits | 0001104659-26-083120 |
| 2026-05-14 | 15:53 ET | [8-K](/filings/0001104659-26-061120.md) | 5.07 Shareholder vote results | 0001104659-26-061120 |
| 2026-04-28 | 16:26 ET | [10-Q](/filings/0001104659-26-050395.md) | Quarterly report, period 2026-03-31 | 0001104659-26-050395 |
| 2026-04-28 | 16:25 ET | [8-K](/filings/0001104659-26-050393.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-050393 |
| 2026-04-02 | 16:26 ET | [DEF 14A](/filings/0001104659-26-039190.md) | Proxy statement, period 2026-05-14 | 0001104659-26-039190 |
| 2026-03-09 | 16:38 ET | [10-K](/filings/0001104659-26-025284.md) | Annual report, period 2025-12-31 | 0001104659-26-025284 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-025284.md), filed Mar 9, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1031316
- Tickers: FSP
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MA
- Filer category: Accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 16:28 ET. No prices; not investment advice.
