Streetbeat News

FSP

Franklin Street Properties Corp.

https://www.fspreit.com

Industry

REIT - Office

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.

Open

1.94

Mkt cap

203M

Volume

794K

High

1.96

P/E Ratio

-4.90

52-wk high

2.72

Low

1.90

Div yield

0.03

52-wk low

1.47

Adtran's FSP 3000 optical transport technology and ALM fiber monitoring platform have been implemented by CRIANN to enhance the capacity and resilience of its research and education network in Normandy, France.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Franklin Street Properties (AMEX:FSP) reported Q3 2024 earnings per share of $0.03, meeting analyst expectations. However, the company's sales of $29.682 million fell short of the $30.766 million estimate, marking a 19.57% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:36 pm

Franklin Street Props (AMEX:FSP) is set to release its quarterly earnings on October 29, 2024. Analysts expect an EPS of $0.03. The market is optimistic about the company surpassing estimates and providing positive guidance. Historical performance shows mixed results, with a recent EPS miss leading to a 3.87% drop in share price. Shares are currently trading at $1.75, up 3.45% over the past year.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 8:03 pm

Franklin Street Properties (AMEX:FSP) reported Q2 2024 earnings per share of $0.04, meeting analyst expectations but showing a 42.86% decrease from the previous year. The company also reported sales of $30.83 million, slightly beating the $30.702 million estimate but reflecting a 14.99% decline from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:50 pm

Franklin Street Props (AMEX:FSP) reported Q1 2024 FFO of $0.04 per share, meeting analyst estimates but marking a 50% decrease from the previous year. Sales were $31.225M, missing estimates by 1.79% and showing a 17.32% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:56 pm

Insiders at Wag! Group Co. (PET), FlexShopper, Inc. (FPAY), and Franklin Street Properties Corp. (FSP) have recently made significant stock purchases. These transactions come after various financial updates from the companies, with Wag! Group posting a wider-than-expected quarterly loss, FlexShopper reporting better-than-expected Q3 financial results, and Franklin Street Properties announcing better-than-expected quarterly sales.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:51 pm

Franklin Street Props (AMEX:FSP) reported Q4 2023 GAAP FFO of $0.07 per share, meeting analyst estimates, with sales of $34.77M surpassing the $34.13M forecast, a 1.87% beat. However, this represents a 15.63% decrease from the previous year's sales of $41.21M.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:48 pm

Numerous companies are scheduled to report their earnings on February 26, 2024, covering a wide range of industries from energy to technology. Key reports include Kosmos Energy, Krystal Biotech, Li Auto, and Domino's Pizza, among others. The diversity of sectors represented suggests a comprehensive insight into the economic and business trends affecting these markets.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 9:47 am

Franklin Street Props (AMEX:FSP) announced a quarterly dividend of 1 cent per share, with the ex-dividend date being Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on February 15, 2024. The stock is expected to open 1 cent lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 2:45 pm

Three REIT subsectors have outperformed others in the past month due to a tame CPI report and a pause in Federal Reserve interest rate hikes. Mortgage REITs (mREITs), specialized REITs, and office REITs are leading, with companies like Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI), Cherry Hill Mortgage Investment Corp. (CHMI), and Granite Point Mortgage Trust Inc. (GPMT) showing significant gains. Specialized REITs such as Outfront Media Inc. (OUT), Uniti Group Inc. (UNIT), and Safehold Inc. (SAFE) have also performed well, along with office REITs including Franklin Street Properties Corp. (FSP), City Office REIT Inc. (CIO), and Office Properties Income Trust (OPI).

Portfolio Pulse from Ethan Roberts

November 22, 2023 | 2:54 pm

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