Franklin Street Properties Corp income statement
In fiscal 2025, Franklin Street Properties Corp reported revenue of $107m, down 10.8% on the year before and net income of −$45.0m, or −$0.43 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 121 | 116 | 138 | 162 | 214 | 250 | 244 | 250 | 273 | 269 | 269 | 246 | 209 | 166 | 146 | 120 | 107 | 104 |
| Cost of revenue | — | — | — | — | — | — | — | — | 71 | 71 | 72 | 67 | 61 | 53 | 51 | 45 | 42 | 41 |
| Gross profit | — | — | — | — | — | — | — | — | 201 | 198 | 197 | 179 | 148 | 113 | 95 | 75 | 65 | 62 |
| Selling, general and administrative | 4 | 6 | 7 | 10 | 12 | 13 | 13 | 14 | — | — | — | — | — | — | — | — | — | — |
| General and administrative | — | — | — | — | — | — | — | — | 13 | 13 | 14 | 15 | 16 | 14 | 14 | 14 | 12 | 10 |
| Operating income | 25 | 17 | 16 | 21 | 19 | 14 | 13 | 11 | 8 | 7 | — | — | — | — | — | — | — | — |
| Interest expense | 7 | 7 | 13 | 16 | 21 | 27 | 25 | 27 | 32 | 38 | 37 | 36 | 32 | 23 | 24 | — | — | — |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | — | 4 | — | — | — | — |
| Income before tax | — | — | — | — | — | 14 | 35 | 9 | −16 | 13 | 7 | 33 | 93 | 1 | −48 | −53 | −45 | −42 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Net income | 28 | 22 | 44 | 8 | 20 | 13 | 35 | 8 | −16 | 13 | 6 | 33 | 93 | 1 | −48 | −53 | −45 | −43 |
| Diluted EPS | $0.38 | $0.28 | $0.53 | $0.09 | $0.21 | $0.13 | $0.35 | $0.08 | −$0.15 | $0.12 | $0.06 | $0.30 | $0.87 | $0.01 | −$0.47 | −$0.51 | −$0.43 | −$0.41 |
| Diluted shares (average) | 73m | 80m | 82m | 83m | 94m | 100m | 100m | 103m | 107m | 107m | 107m | 107m | 107m | 103m | 103m | 104m | 104m | 104m |
| EBITDA | 62 | 56 | 66 | 79 | 100 | 112 | 107 | 106 | 112 | 104 | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28 | 27 | 27 | 27 | 26 | 26 | 26 | 25 |
| Cost of revenue | 11 | 10 | 11 | 11 | 11 | 10 | 10 | 11 |
| Gross profit | 17 | 17 | 16 | 17 | 15 | 16 | 16 | 14 |
| General and administrative | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
| Income before tax | −8 | −21 | −8 | −8 | −7 | −9 | −17 | −9 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −9 | −21 | −8 | −8 | −7 | −10 | −17 | −9 |
| Diluted EPS | −$0.08 | −$0.21 | −$0.08 | −$0.08 | −$0.07 | −$0.09 | −$0.16 | −$0.09 |
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