FRANKLIN STREET PROPERTIES CORP /MA/
Close on Oct 19, 2026
- Market cap
- $39.09M
- P/E (TTM)
- –
- Dividend yield
- 10.61%
About Franklin Street Properties
Real Estate Investment Trusts, SIC 6798
Franklin Street Properties Corp. operates as a real estate investment trust focused on commercial real estate investments, primarily in office markets. The company conducts business through a single operating segment dedicated to real estate operations. Its primary business activities generate revenue via leasing office properties to commercial tenants, disposing of real estate assets, and collecting fees for asset management, property management, and development services. Through specialized subsidiaries, the company delivers property management, property accounting, and development services to support its office portfolio.
As of December 31, 2025, the company owned and operated a real estate portfolio consisting of 14 office properties situated across three states. Its investment focus centers on infill and central business district locations within the United States sunbelt and mountain west regions, specifically targeting markets such as Dallas, Denver, Houston, and Minneapolis. The provided text details the company's corporate structure and state of incorporation without stating the city or address of its headquarters.
Summary of the business section of Franklin Street Properties's latest annual report, written by StockData.
Company profile
Company
- Legal name
- FRANKLIN STREET PROPERTIES CORP /MA/
- Founded
- 1981
- Headquarters
- Wakefield, MA
- Address
- 401 Edgewater Place, Ste 200 01880
- Phone
- (781) 557-1300
- Website
- fspreit.com
- Employees
- 28, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Massachusetts
- Fiscal year ends
- December 31
- Auditor
- Ernst& Young LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- FSP
- Exchange
- NYSE
- Shares outstanding
- 104M, Jul 23, 2026
- Public float
- $155.30M, Jun 30, 2025
- Filer category
- Accelerated filer<br>Smaller reporting company
- SEC CIK
- 1031316
- CUSIP
- 35471R106
- ISIN
- US35471R1068
- LEI
- 549300STLK2T6QY5WO82
- EIN
- 04-2724223
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jeffrey B. Carter | President & CIO | 39,705 |
| Jennifer Bitterman | Director | 80,342 |
| Dennis J. McGillicuddy | Director | 203,804 |
| Georgia Murray | Director | 235,983 |
| John N. Burke | Director | 227,667 |
| Bruce J. Schanzer | Director | 3,514,099 |
| Milton P. Wilkins Jr | Director | 87,248 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. George J. Carter | $306.00K | $306.00K | $568.19K | $27 | $81 |
| FY2024 Mr. George J. Carter | $306.00K | $306.00K | $617.85K | $52 | $94 |
| FY2023 Mr. George J. Carter | $306.00K | $306.00K | $689.40K | $71 | $78 |
| FY2022 Mr. George J. Carter | $306.00K | $306.00K | $683.60K | $74 | $76 |
| FY2021 Mr. George J. Carter | $806.00K | $806.00K | $759.49K | $154 | $122 |
| FY2020 Mr.George J. Carter | $306.00K | $306.00K | $730.88K | $55 | $82 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“We had 28 employees as of both March 5, 2026 and December 31, 2025.”
Corporate history
Events identified from SEC filings