Franklin Street Properties Corp. (FSP)

FSP Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	109.5	120.08	145.45	163.74	207.58	244.21
Property Management Fees	-	-	-	1.86	1.7	1.61
Other Revenue	-	0.03	0.26	0.02	0.08	0.03
Total Revenue	109.5	120.11	145.71	165.62	209.36	245.85
Revenue Growth (YoY	-13.45%	-17.57%	-12.02%	-20.89%	-14.84%	-8.63%
Property Expenses	63.25	67.76	77.93	87.44	101.94	115.33
Selling, General & Administrative	12.61	13.88	14.02	13.89	15.9	15
Depreciation & Amortization	42.76	44.77	54.74	63.81	78.54	88.56
Total Operating Expenses	118.62	126.42	146.69	165.13	196.38	218.89
Operating Income	-9.13	-6.31	-0.98	0.48	12.97	26.96
Interest Expense	-24.29	-26.42	-24.32	-22.81	-32.27	-36.03
Interest & Investment Income	1.15	2.09	0.57	-	-	-
Income (Loss) on Equity Investments	-	-	-	-	0.42	-
EBT Excluding Unusual Items	-32.27	-30.64	-24.74	-22.33	-18.88	-9.06
Gain (Loss) on Sale of Assets	-13.27	-20.83	-23.38	27.94	113.13	41.93
Asset Writedown	-	-	-	-4.24	-	-
Other Unusual Items	-0.44	-1.04	0.29	-0.08	-0.9	-
Pretax Income	-45.97	-52.51	-47.83	1.3	93.36	32.87
Income Tax Expense	0.19	0.22	0.28	0.2	0.64	0.25
Net Income	-46.16	-52.72	-48.11	1.09	92.72	32.62
Net Income to Common	-46.16	-52.72	-48.11	1.09	92.72	32.62
Net Income Growth	-	-	-	-98.82%	184.28%	403.71%
Basic Shares Outstanding	104	104	103	103	107	107
Diluted Shares Outstanding	104	104	103	103	107	107
Shares Change (YoY)	0.13%	0.15%	0.02%	-3.12%	-0.59%	0.07%
EPS (Basic)	-0.45	-0.51	-0.47	0.01	0.87	0.30
EPS (Diluted)	-0.45	-0.51	-0.47	0.01	0.87	0.30
EPS Growth	-	-	-	-98.78%	185.97%	403.38%
Dividend Per Share	0.040	0.040	0.040	0.120	0.360	0.360
Dividend Growth	-	-	-66.67%	-66.67%	-	-
Operating Margin	-8.33%	-5.25%	-0.68%	0.29%	6.20%	10.97%
Profit Margin	-42.16%	-43.90%	-33.02%	0.66%	44.29%	13.27%
EBITDA	31.88	36.92	50.31	58.96	83.28	108.63
EBITDA Margin	29.11%	30.74%	34.53%	35.60%	39.78%	44.19%
D&A For Ebitda	41	43.23	51.3	58.48	70.31	81.67
EBIT	-9.13	-6.31	-0.98	0.48	12.97	26.96
EBIT Margin	-8.33%	-5.25%	-0.68%	0.29%	6.20%	10.97%
Funds From Operations (FFO)	9.85	12.86	29.57	41.08	58.09	78.93
Adjusted Funds From Operations (AFFO)	-	12.86	29.57	41.08	58.09	78.93
FFO Payout Ratio	42.08%	32.19%	13.98%	131.42%	66.26%	48.94%
Effective Tax Rate	-	-	-	15.72%	0.68%	0.76%
Revenue as Reported	109.5	120.11	145.71	165.62	209.36	245.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q