Franklin Street Properties (FSP)

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Franklin Street Properties (FSP) - 2024 Q2 - Earnings Call Transcript
2024-07-31 18:25
Franklin Street Properties Corporation (NYSE:FSP) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeff Carter - President & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Operator Thank you for standing by. My name is Danica, and I will be your conference operator today. At this time, I would like to welcome eve ...
Franklin Street Properties (FSP) - 2024 Q2 - Quarterly Report
2024-07-30 20:26
The Company is subject to a business tax known as the Revised Texas Franchise Tax. Some of the Company's leases allow reimbursement by tenants for these amounts because the Revised Texas Franchise Tax replaces a portion of the property tax for school districts. Because the tax base on the Revised Texas Franchise Tax is derived from an income based measure, it is considered an income tax. The Company recorded a provision for the Revised Texas Franchise Tax of $106,000 and $142,000 for the six months ended Ju ...
Franklin Street Properties (FSP) - 2024 Q2 - Quarterly Results
2024-07-30 20:25
Franklin Street Properties Corp. Supplemental Operating & Financial Data Exhibit 99.2 | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Franklin Street Properties (FSP) - 2024 Q1 - Earnings Call Transcript
2024-05-01 21:10
Franklin Street Properties Corp (NYSE:FSP) Q1 2024 Results Conference Call May 1, 2024 11:00 AM ET Company Participants Scott Carter - Executive VP, General Counsel & Secretary John Demeritt - Executive VP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - Executive Vice President Jeffrey Carter - President & Chief Investment Officer Conference Call Participants Steve Dumanski - Janney Operator Good day, and welcome to the Franklin Street Properties Corp. First Quarter 2024 Results Conference Ca ...
Franklin Street Properties (FSP) Meets Q1 FFO Estimates
Zacks Investment Research· 2024-04-30 23:01
Franklin Street Properties (FSP) came out with quarterly funds from operations (FFO) of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.08 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this hybrid real estate investment trust would post FFO of $0.07 per share when it actually produced FFO of $0.07, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus FFO est ...
Franklin Street Properties (FSP) - 2024 Q1 - Quarterly Results
2024-04-30 20:26
Exhibit 99.2 Franklin Street Properties Corp. Supplemental Operating & Financial Data 401 Edgewater Place ~Wakefield, MA 01880 781.557.1300.~ www.fspreit.com First Quarter 2024 Table of Contents | | Page | | Page | | --- | --- | --- | --- | | Company Information | 3 | Tenant Analysis and Leasing Activity | | | | | Tenants by Industry | 17 | | Key Financial Data | | 20 Largest Tenants with Annualized Rent and Remaining Term | 18-19 | | Financial Highlights | 4 | Leasing Activity | 20 | | Income Statements | ...
Franklin Street Properties (FSP) - 2024 Q1 - Quarterly Report
2024-04-30 20:25
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32470 Franklin Street Properties Corp. (Exact name of registrant as specified in its charter) (State or othe ...
Franklin Street Properties: Positive Debt Extensions And Low Multiple (Rating Upgrade)
Seeking Alpha· 2024-04-25 17:13
beklaus/E+ via Getty ImagesFranklin Street Properties (NYSE:FSP) has dipped around 16% since I last covered the ticker with a sell rating. The office REIT is now changing hands for 7.4x multiple to its annualized fiscal 2023 fourth quarter funds from operations ("FFO"). FFO was $0.07 per share in the fourth quarter, dipping $0.03 versus its year-ago comp of $0.10 per share. This multiple is markedly lower than FSP's prior 8.8x multiple from when I last covered the ticker. It comes as the REIT looks to a ...
Franklin Street Properties (FSP) - 2023 Q4 - Earnings Call Transcript
2024-02-27 18:42
Franklin Street Properties Corp. (NYSE:FSP) Q4 2023 Results Conference Call February 27, 2024 11:00 AM ET Company Participants Scott Carter - General Counsel George Carter - Chief Executive Officer John Demeritt - Chief Financial Officer Jeff Carter - President and Chief Investment Officer John Donahue - President, Property Management Conference Call Participants Steven Dumanski - Janney Montgomery Scott Operator Good day. My name is Ellie, and I will be your conference operator for today. At this time, I w ...
Franklin Street Properties (FSP) Q4 FFO Meet Estimates
Zacks Investment Research· 2024-02-27 01:26
Franklin Street Properties (FSP) came out with quarterly funds from operations (FFO) of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.10 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this hybrid real estate investment trust would post FFO of $0.07 per share when it actually produced FFO of $0.07, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus FFO est ...