undamentalytics Newsletter

Franklin Street Properties vs Net Lease Office Properties

Franklin Street Properties and Net Lease Office Properties are similar in size: $107m and $119m of revenue in their latest fiscal years. Franklin Street Properties grew faster (-10.8% against -16.4%). Franklin Street Properties kept more of each dollar of sales as profit: a net margin of -42.0% against -122.2%. Net Lease Office Properties carries less debt relative to equity (7.5% against 20.7%).

Latest fiscal yearFranklin Street PropertiesFSP, 2025Net Lease Office PropertiesNLOP, 2025
Revenue $107m $119m
Revenue growth -10.8% -16.4%
Net income −$45.0m −$145m
Operating margin — —
Net margin -42.0% -122.2%
Return on equity -7.1% -33.2%
Free cash flow −$12.7m —
Cash $30.6m $120m
Total debt $126m $21.9m
Debt to equity 20.7% 7.5%
Dividend per share $0.04 —
Dividend yield 4.6% 0.0%
Share buybacks — —
Employees 28 —
Market value $44.6m $131m
Price vs our value range — —
Moat score 37 (Weak) —
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

Go deeper

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.