Franklin Street Properties Corp. (FSP) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
401 EDGEWATER PLACE WAKEFIELD, MA 01880 |
| State of Incorp. | MA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 29,368 | 30,167 | 41,121 | 40,861 | 30,245 | 34,179 | |||
| Cash and cash equivalent | 29,368 | 30,167 | 41,121 | 40,861 | 30,245 | 34,179 | |||
| Total current assets: | 29,368 | 30,167 | 41,121 | 40,861 | 30,245 | 34,179 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 700 | ||||||||
| Property, plant and equipment | 55 | 62 | 70 | 80 | 92 | 106 | |||
| Intangible assets, net (including goodwill) | 3,309 | 3,737 | 4,205 | 4,695 | 5,306 | 5,971 | |||
| Intangible assets, net (excluding goodwill) | 3,309 | 3,737 | 4,205 | 4,695 | 5,306 | 5,971 | |||
| Regulated entity, other noncurrent assets | 1,327 | 1,773 | 2,220 | 2,956 | 3,766 | 4,202 | |||
| Total noncurrent assets: | 4,691 | 5,572 | 7,195 | 7,731 | 9,164 | 10,279 | |||
| Other undisclosed assets | 869,184 | 880,627 | 898,615 | 932,921 | 973,118 | 994,505 | |||
| TOTAL ASSETS: | 903,243 | 916,366 | 946,931 | 981,513 | 1,012,527 | 1,038,963 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 38 | 41 | 45 | 51 | 63 | 74 | |||
| Off-market lease, unfavorable | 38 | 41 | 45 | 51 | 63 | 74 | |||
| Total noncurrent liabilities: | 38 | 41 | 45 | 51 | 63 | 74 | |||
| Other undisclosed liabilities | 278,505 | 282,939 | 291,029 | 316,043 | 330,387 | 335,025 | |||
| Total liabilities: | 278,543 | 282,980 | 291,074 | 316,094 | 330,450 | 335,099 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 624,700 | 633,386 | 655,857 | 665,419 | 682,077 | 703,864 | |||
| Common stock | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Additional paid in capital | 1,335,586 | 1,335,361 | 1,335,361 | 1,335,361 | 1,335,361 | 1,335,091 | |||
| Other undisclosed equity, attributable to parent | (710,896) | (701,985) | (679,514) | (669,952) | (653,294) | (631,237) | |||
| Total equity: | 624,700 | 633,386 | 655,857 | 665,419 | 682,077 | 703,864 | |||
| TOTAL LIABILITIES AND EQUITY: | 903,243 | 916,366 | 946,931 | 981,513 | 1,012,527 | 1,038,963 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,715 | 27,107 | 28,375 | 29,682 | 30,830 | 31,225 | ||
| Cost of revenue | (21,231) | (21,155) | (22,875) | (23,671) | (23,836) | (23,801) | ||
| Cost of product and service sold | (10,701) | (10,095) | (11,423) | (11,574) | (11,027) | (11,019) | ||
| Gross profit: | 5,484 | 5,952 | 5,500 | 6,011 | 6,994 | 7,424 | ||
| Operating expenses | (13,907) | (14,308) | (13,571) | (14,186) | (15,117) | (15,784) | ||
| Operating loss: | (8,423) | (8,356) | (8,071) | (8,175) | (8,123) | (8,360) | ||
| Interest and debt expense | (3) | (2) | (428) | (477) | (6,983) | |||
| Loss from continuing operations before equity method investments, income taxes: | (8,426) | (8,358) | (8,499) | (8,652) | (8,123) | (15,343) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 632 | (13,025) | 27 | (6,914) | (12,852) | 7,849 | ||
| Loss from continuing operations before income taxes: | (7,794) | (21,383) | (8,472) | (15,566) | (20,975) | (7,494) | ||
| Income tax expense | (82) | (52) | (54) | (56) | (48) | (58) | ||
| Loss from continuing operations: | (7,876) | (21,435) | (8,526) | (15,622) | (21,023) | (7,552) | ||
| Income from discontinued operations | 129 | 666 | ||||||
| Other undisclosed net loss | (129) | |||||||
| Net loss attributable to parent: | (7,876) | (21,435) | (8,526) | (14,956) | (21,023) | (7,552) | ||
| Other undisclosed net loss available to common stockholders, basic | (666) | |||||||
| Net loss available to common stockholders, diluted: | (7,876) | (21,435) | (8,526) | (15,622) | (21,023) | (7,552) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (7,876) | (21,435) | (8,526) | (14,956) | (21,023) | (7,552) | ||
| Comprehensive loss: | (7,876) | (21,435) | (8,526) | (14,956) | (21,023) | (7,552) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (666) | (355) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (7,876) | (21,435) | (8,526) | (15,622) | (21,023) | (7,907) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.