Franklin Street Properties Corp (FSP) stock analysis
Close on Nov 11, 2026Market cap $43.59MP/E –Yield 9.54%
StockData Score
Prices as of Nov 11, 2026How the score works
Weak6 of 30 checks passed
Franklin Street Properties passes 6 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 0/6
- Past performance
- 0/6
- Financial health
- 4/6
- Dividend
- 1/6
What stands out
No debt
Franklin Street Properties has no borrowings on its latest balance sheet.
Interest well covered
No meaningful interest expense to cover.
Debt covered by cash flow
There is no debt to cover.
P/B below the industry
Franklin Street Properties's price-to-book of 0.08 is below the Miscellaneous Investing median of 1.20.
What to watch
Revenue growing under 10% a year
Revenue grew -13.5% a year over the last three fiscal years, short of the 10% we look for.
Elevated bankruptcy risk
The Altman Z-score is 0.21; above 3 is the safe zone and below 1.8 the distress zone.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 10 fiscal years.
EV/EBITDA above its 5-year median
Franklin Street Properties's EV/EBITDA of 6.3 is above its 5-year median of 2.7.
Valuation1/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA above its 5-year median
Franklin Street Properties's EV/EBITDA of 6.3 is above its 5-year median of 2.7.
P/B below the industry
Franklin Street Properties's price-to-book of 0.08 is below the Miscellaneous Investing median of 1.20.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth0/6
Revenue growing under 10% a year
Revenue grew -13.5% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew -5.4% over the last twelve months; the Miscellaneous Investing median is 4.6%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin slipping
Gross margin was 60.0% over the last twelve months, against 60.8% a year earlier.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health4/6
No debt
Franklin Street Properties has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Elevated bankruptcy risk
The Altman Z-score is 0.21; above 3 is the safe zone and below 1.8 the distress zone.
Dividend1/6
Pays a dividend
Franklin Street Properties paid dividends worth 2.4% of the share price over the last twelve months.
Yield below Treasuries
The 2.4% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Franklin Street Properties yields 2.4%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 10 fiscal years.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itWe don't publish a fair value for Franklin Street Properties. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 11.5
- Miscellaneous Investing median 26.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
High risk
- Average value traded per day
- $373.48K
- Value traded per 1% price move
- $54.80K
Downside
High risk
- Typical loss in a bad month
- 28.8%
- Volatility (annualized)
- 72%
- Sharpe ratio, 1 year
- -0.94
- Beta to the S&P 500 (5Y)
- 0.78
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -10.8% | -13.5% | -15.3% | -7.9% | |
| Gross profit | -13.3% | -16.7% | -18.3% | – | |
| Dividend per share | 0.0% | -41.5% | -35.6% | -25.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Interest coverage | 0.4× | – | – | |
| Capex to revenue | 15.0% | 31.7% | 15.3% | |
| Diluted shares | 103M | 107M | 104M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Franklin Street Properties generated $82.20M from operations and spent $320.99M on capital expenditure, dividends and share buybacks. 60% of that went back into the business.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$3.75M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$3.75M vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise104M → 104M
- Gross margin improvedGross margin up on the prior year62.50% → 60.77%
- More efficientAsset turnover rose0.10 → 0.11
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