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Franklin Street Properties Corp key statistics and ratios

In fiscal 2025, Franklin Street Properties Corp had return on equity of -7.1%, a net margin of -42.0% and debt equal to 20.7% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Gross margin————————73.9%73.7%73.1%72.8%70.9%68.1%65.2%62.5%60.8%60.0%
Operating margin20.7%14.4%11.5%13.1%8.9%5.8%5.4%4.3%3.1%2.5%————————
Net margin23.0%19.1%31.5%4.7%9.3%5.3%14.4%3.4%−5.8%4.9%2.4%13.3%44.3%0.7%−33.0%−43.9%−42.0%−41.1%
Free-cash-flow margin———33.7%34.1%34.0%33.3%22.8%15.3%10.8%4.2%−3.9%−13.6%−24.0%−9.5%−13.5%−11.8%−4.8%
Return on equity3.0%2.4%4.7%0.9%2.1%1.3%3.7%0.9%−1.7%1.5%0.8%4.2%12.0%0.1%−6.5%−7.7%−7.1%−7.2%
Return on assets2.4%1.8%3.3%0.5%1.1%0.7%1.8%0.4%−0.8%0.7%0.3%1.8%5.9%0.1%−4.0%−5.0%−4.9%−4.9%
Asset turnover0.100.100.100.110.120.130.130.120.130.140.140.140.130.130.120.110.120.12
Debt to equity8.0%8.1%—46.3%59.0%63.3%66.0%79.5%87.8%91.2%97.4%93.4%35.0%21.4%16.1%19.0%20.7%43.3%
Interest cover (operating income ÷ interest)3.8x2.3x1.3x1.3x0.9x0.5x0.5x0.4x0.3x0.2x————————
Effective tax rate—————3.6%1.2%4.8%—2.7%4.0%0.8%0.7%15.7%————
SG&A as % of revenue3.7%5.5%5.0%6.1%5.6%5.2%5.5%5.7%——————————
Capital spending as % of revenue———9.8%8.9%7.4%8.9%15.0%19.9%19.0%26.3%31.7%31.0%33.2%21.7%21.0%15.3%13.1%
Free cash flow ÷ net income———714.4%367.7%644.9%231.7%680.0%—223.0%172.5%−29.0%−30.7%<−999%————
Dividends ÷ net income198.5%274.2%142.9%825.8%351.0%579.1%217.5%924.8%—377.4%596.2%118.4%41.5%>999%————
Dividends and buybacks ÷ free cash flow———115.6%95.4%89.8%93.8%136.0%195.2%169.2%345.6%———————

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

37 /100

Weak moat

How hard Franklin Street Properties's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -0.3% of total assets over 10 years.

  • Pricing power 17 / 20

    Gross margin has been a median 68.0%, moving by 5.2 percentage points (standard deviation) across 9 years.

  • Durability 5 / 20

    Operating margin has been a median 5.8%; its worst year was 1.7%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 3 of 10 years, at a median -7.0% of revenue.

  • Discipline 13 / 20

    The diluted share count fell 3.2% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Franklin Street Properties Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Franklin Street Properties Corp.