Franklin Street Properties: Strategic Review May Unlock Shareholder Value
Franklin Street Properties is an office REIT focused on infill and central business district assets, primarily in Colorado and Texas. The company reported negative AFFO in Q2 2025, impacted by elevated lease incentives and capex spending. In addition, the REIT's bottom line is burdened by high interest costs and bloated administrative overhead.
Franklin Street Properties: Reading Between The Lines And Loading Up The Truck
Franklin Street Properties is undervalued, trading below book value, and has seen significant activist investor activity pushing for value realization. Recent Q1 2025 earnings call highlights include a $13M loss on Monument Circle sale and plans to dispose of 1 million sqft of property. Activist investors Converium Capital and Erez Capital, holding a 6.8% stake, are driving strategic actions, potentially making FSP an attractive acquisition target.
Franklin Street Properties Corp. (FSP) Q1 2025 Earnings Call Transcript
Franklin Street Properties Corp. (NYSE:FSP ) Q1 2025 Results Conference Call April 30, 2025 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - President of our Property Management Company Jeffrey Carter - President & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today.
Franklin Street Properties: We Keep Buying
Franklin Street Properties is significantly undervalued, trading well below its book value, with recent financials showing a stable trajectory and positive FFO. The commercial real estate market is recovering, offering a small tailwind for FSP, with a 4.5% index increase over the past year. Recent developments include the sale of Pershing Park Plaza and an agreement with activist investors, potentially closing the share price gap.
Franklin Street Properties Corporation (FSP) Q4 2024 Earnings Call Transcript
Franklin Street Properties Corporation. (NYSE:FSP ) Q4 2024 Earnings Conference Call February 12, 2025 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeffrey Carter - President & Chief Investment Officer Conference Call Participants Steven Dumanski - Janney Operator Thank you for standing by.
Franklin Street Properties Corporation (FSP) Q3 2024 Earnings Call Transcript
Franklin Street Properties Corporation. (NYSE:FSP ) Q3 2024 Earnings Conference Call October 30, 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 Good morning.
Franklin Street Properties: Buying Hand Over Fist
Franklin Street Properties is a REIT trading below book value, with stabilized prices after a significant decline and a current price of $1.60. Lower interest rates and a modest uptick in the commercial real estate market create favorable conditions for FSP, enhancing its income and refinancing flexibility. Using sale-price-multiples, FSP's real estate assets are valued at ~$0.89b, lower than the previous ~$1.09b estimate, but still indicating strong potential returns.
Franklin Street Properties: Continuing On Its Course
Franklin Street Properties is a REIT trading massively below its estimated asset value. The company's stock price recovered slightly from recent lows. The company continues to focus on debt repayment through property sales, with a recent sale reducing debt by $25.3m.
Franklin Street Properties Corporation (FSP) Q2 2024 Earnings Call Transcript
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.
