Franklin Street Properties
Leases and manages multi-tenant office buildings across Dallas, Houston, Minneapolis, and Denver.
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Profile
Leases and manages a compact portfolio of multi-tenant office buildings across Dallas–Fort Worth, Houston, Minneapolis, and Denver, earning contractual rent from commercial leases. Asset sales support capital recycling and debt repayment within a single real-estate-operations segment.
Operates a single real-estate-operations segment centered on leasing and managing multi-tenant office buildings. Contractual rent from commercial leases supplies the revenue base; selected asset sales recycle capital and can support debt repayment. The portfolio spans Dallas–Fort Worth and Houston, Minneapolis, and Denver, following a Denver-area property sale.
Targets established infill and central-business-district locations, then maintains and upgrades buildings, seeks to lease vacant space, and sells selected assets when management believes their value potential has been reached. Office demand and lease rollover are tied to work-from-home and return-to-office policies; concentration in its markets and energy-sector exposure also shape occupancy. REIT qualification, secured-debt covenants, and environmental, accessibility, safety, building, and land-use requirements govern the business.
Company facts
Categories
Key statistics
Year to date −56.9% · Average volume (30d) 328.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | −$0.08 | −$0.16 | −100.0% | $31.3M | $26.4M | −15.7% | −0.68% |
| Apr 28, 2026Q1 FY26 | −$0.08 | −$0.09 | −12.5% | $31.2M | $26.2M | −15.9% | −4.05% |
| Mar 9, 2026Q4 FY25 | −$0.08 | $0.03 | +137.5% | $31.1M | $26.0M | −16.4% | −7.89% |
| Oct 28, 2025Q3 FY25 | $0.02 | $0.02 | 0.0% | $31.1M | $27.3M | −12.1% | −4.51% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $27.1M | $26.7M | $27.3M | $26.0M | $26.2M | $26.4M | |
| Gross profit | $11.6M | $11.8M | $22.0M | $12.1M | $11.7M | $11.8M | |
| Operating income | −$2.7M | −$2.1M | $16.6M | −$1.2M | −$8.4M | −$9.0M | |
| Net income | −$21.4M | −$7.9M | −$8.3M | −$7.3M | −$9.5M | −$16.6M | |
| Diluted EPS | −$0.21 | −$0.08 | −$0.08 | −$0.07 | −$0.09 | −$0.16 | |
| Gross margin | 43.0% | 44.3% | 80.7% | 46.4% | 44.6% | 44.8% | |
| Operating margin | -9.8% | -7.8% | 60.9% | -4.5% | -31.9% | -34.2% |
Fiscal years (4-quarter sums)FY24 $120.1M · FY25 $107.2M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $22.5M · Total debt $254.1M · Total assets $864.9M · Shareholders' equity $580.0M
Dividends
Raised for 2 straight years.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jan 23, 2026 | Jan 23 | Feb 12 | $0.01 | |
| Oct 17, 2025 | Oct 17 | Nov 6 | $0.01 | |
| Jul 25, 2025 | Jul 25 | Aug 14 | $0.01 | |
| Apr 17, 2025 | Apr 17 | May 8 | $0.01 | |
| Jan 24, 2025 | Jan 24 | Feb 13 | $0.01 | |
| Oct 18, 2024 | Oct 18 | Nov 7 | $0.01 | |
| Jul 19, 2024 | Jul 19 | Aug 8 | $0.01 | |
| Apr 18, 2024 | Apr 19 | May 9 | $0.01 |
Ownership
Shares outstanding 104.01M · Float 91.67M · 88.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Private Management Group Inc | 10.16M | 9.77% | 13F | Jul 31, 2026 |
| Newtyn Management, LLC | 7.15M | 6.87% | 13F | Aug 14, 2026 |
| Converium Capital Inc. | 6.61M | 6.35% | 13F | Aug 14, 2026 |
| Bank of America Corp /DE/ | 5.43M | 5.20% | 13G | Aug 3, 2026 |
| Vanguard Capital Management LLC | 3.74M | 3.59% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Piedmont Realty Trust
Class A office leasing across Dallas, Houston, and Minneapolis.
- Cousins Properties
Sun Belt Class A office leasing in Dallas and Houston.
- Highwoods Properties
Premium Dallas office leasing with newer, amenity-rich space.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Franklin Street Properties | $0.4100 | +1.11% | $42.2M | — | — | 0.4 | −1.4% |
| Piedmont Realty Trust | $9.54 | −0.05% | $1.19B | — | — | 2.1 | +2.7% |
| Cousins Properties | $29.40 | −0.15% | $4.85B | 719.8 | 76.7 | 4.7 | +10.7% |
| Highwoods Properties | $31.01 | −0.45% | $3.44B | 20.5 | 37.0 | 4.1 | +7.2% |
| Median | 370.1 | 56.9 | 4.1 | +7.2% |