Franklin Street Properties Corp
Franklin Street Properties Corp. is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate… Read more
Franklin Street Properties Corp (FSP) - Net Assets
Latest net assets as of December 2025: $606.98 Million USD
Based on the latest financial reports, Franklin Street Properties Corp (FSP) has net assets worth $606.98 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($892.88 Million) and total liabilities ($285.91 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $606.98 Million |
| % of Total Assets | 67.98% |
| Annual Growth Rate | 7.13% |
| 5-Year Change | -22.5% |
| 10-Year Change | -36.91% |
| Growth Volatility | 45.88 |
Franklin Street Properties Corp - Net Assets Trend (1998–2025)
This chart illustrates how Franklin Street Properties Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Franklin Street Properties Corp (1998–2025)
The table below shows the annual net assets of Franklin Street Properties Corp from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $606.98 Million | -7.45% |
| 2024-12-31 | $655.86 Million | -7.99% |
| 2023-12-31 | $712.80 Million | -7.28% |
| 2022-12-31 | $768.74 Million | -1.85% |
| 2021-12-31 | $783.20 Million | +1.97% |
| 2020-12-31 | $768.09 Million | -2.33% |
| 2019-12-31 | $786.40 Million | -6.12% |
| 2018-12-31 | $837.63 Million | -3.86% |
| 2017-12-31 | $871.29 Million | -9.43% |
| 2016-12-31 | $962.04 Million | +2.82% |
| 2015-12-31 | $935.66 Million | -4.49% |
| 2014-12-31 | $979.65 Million | -6.72% |
| 2013-12-31 | $1.05 Billion | +21.44% |
| 2012-12-31 | $864.75 Million | -6.14% |
| 2011-12-31 | $921.37 Million | -0.02% |
| 2010-12-31 | $921.56 Million | -1.68% |
| 2009-12-31 | $937.27 Million | +10.40% |
| 2008-12-31 | $849.00 Million | -4.67% |
| 2007-12-31 | $890.62 Million | -3.40% |
| 2006-12-31 | $921.96 Million | +39.36% |
| 2005-12-31 | $661.58 Million | +31.50% |
| 2004-12-31 | $503.09 Million | -2.66% |
| 2003-12-31 | $516.86 Million | +162.14% |
| 2002-12-31 | $197.16 Million | -- |
| 2001-12-31 | $0.00 | -- |
| 2000-12-31 | $126.00K | -99.92% |
| 1999-12-31 | $161.66 Million | +70.91% |
| 1998-12-31 | $94.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Franklin Street Properties Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $10.00K | 0.00% |
| Other Components | $606.97 Million | 100.00% |
| Total Equity | $606.98 Million | 100.00% |
Franklin Street Properties Corp Competitors by Market Cap
The table below lists competitors of Franklin Street Properties Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Socar Inc.
KO:403550
|
$49.84 Million |
|
Daemyoung Energy Co Ltd
KQ:389260
|
$49.84 Million |
|
DP Cap Acquisition I Corp
NASDAQ:DPCS
|
$49.84 Million |
|
United Purification Technology Co., Ltd.
TWO:6977
|
$49.85 Million |
|
RELATECH S.P.A.
F:8EP
|
$49.81 Million |
|
Onxeo SA
F:C4X
|
$49.80 Million |
|
Mi Chang Oil
KO:003650
|
$49.79 Million |
|
Fynske Bank A/S
CO:FYNBK
|
$49.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Franklin Street Properties Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 655,857,000 to 606,977,000, a change of -48,880,000 (-7.5%).
- Net loss of 44,960,000 reduced equity.
- Other comprehensive income increased equity by 679,514,000.
- Other factors decreased equity by 683,434,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-44.96 Million | -7.41% |
| Other Comprehensive Income | $679.51 Million | +111.95% |
| Other Changes | $-683.43 Million | -112.6% |
| Total Change | $- | -7.45% |
Book Value vs Market Value Analysis
This analysis compares Franklin Street Properties Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.10x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $7.88 | $0.60 | x |
| 1999-12-31 | $13.47 | $0.60 | x |
| 2000-12-31 | $0.00 | $0.60 | x |
| 2001-12-31 | $-0.71 | $0.60 | x |
| 2002-12-31 | $8.01 | $0.60 | x |
| 2003-12-31 | $13.15 | $0.60 | x |
| 2004-12-31 | $10.04 | $0.60 | x |
| 2005-12-31 | $11.63 | $0.60 | x |
| 2006-12-31 | $13.73 | $0.60 | x |
| 2007-12-31 | $12.61 | $0.60 | x |
| 2008-12-31 | $12.05 | $0.60 | x |
| 2009-12-31 | $12.84 | $0.60 | x |
| 2010-12-31 | $11.54 | $0.60 | x |
| 2011-12-31 | $11.26 | $0.60 | x |
| 2012-12-31 | $10.43 | $0.60 | x |
| 2013-12-31 | $11.19 | $0.60 | x |
| 2014-12-31 | $9.78 | $0.60 | x |
| 2015-12-31 | $9.34 | $0.60 | x |
| 2016-12-31 | $9.35 | $0.60 | x |
| 2017-12-31 | $8.13 | $0.60 | x |
| 2018-12-31 | $7.81 | $0.60 | x |
| 2019-12-31 | $7.33 | $0.60 | x |
| 2020-12-31 | $7.16 | $0.60 | x |
| 2021-12-31 | $7.34 | $0.60 | x |
| 2022-12-31 | $7.44 | $0.60 | x |
| 2023-12-31 | $6.90 | $0.60 | x |
| 2024-12-31 | $6.34 | $0.60 | x |
| 2025-12-31 | $5.86 | $0.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Franklin Street Properties Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -41.96%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.47x
- Recent ROE (-7.41%) is below the historical average (508.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -1.77% | 0.00% | 0.00x | 1.01x | $-11.13 Million |
| 1999 | 0.70% | 0.00% | 0.00x | 1.18x | $-15.03 Million |
| 2000 | 14149.21% | 0.00% | -0.04x | 307.03x | $8.91 Million |
| 2001 | 0.00% | 0.00% | -0.19x | 0.00x | $27.11 Million |
| 2002 | 13.85% | 0.00% | 0.00x | 1.02x | $7.60 Million |
| 2003 | 8.97% | 0.00% | 0.00x | 1.02x | $-5.31 Million |
| 2004 | 9.49% | 47.76% | 0.17x | 1.14x | $-2.55 Million |
| 2005 | 11.35% | 77.94% | 0.14x | 1.02x | $8.96 Million |
| 2006 | 12.03% | 95.83% | 0.12x | 1.04x | $18.73 Million |
| 2007 | 6.86% | 50.39% | 0.12x | 1.13x | $-27.98 Million |
| 2008 | 3.76% | 26.86% | 0.12x | 1.21x | $-52.94 Million |
| 2009 | 2.97% | 22.86% | 0.11x | 1.23x | $-65.86 Million |
| 2010 | 2.40% | 19.28% | 0.09x | 1.34x | $-70.06 Million |
| 2011 | 4.72% | 34.31% | 0.09x | 1.53x | $-48.61 Million |
| 2012 | 0.88% | 4.69% | 0.11x | 1.77x | $-78.84 Million |
| 2013 | 1.89% | 9.28% | 0.10x | 1.95x | $-85.19 Million |
| 2014 | 1.34% | 5.27% | 0.13x | 1.98x | $-84.82 Million |
| 2015 | 3.74% | 14.36% | 0.13x | 2.05x | $-58.55 Million |
| 2016 | 0.87% | 3.35% | 0.12x | 2.17x | $-87.83 Million |
| 2017 | -1.83% | -5.85% | 0.14x | 2.28x | $-103.07 Million |
| 2018 | 1.56% | 4.86% | 0.14x | 2.27x | $-70.69 Million |
| 2019 | 0.82% | 2.41% | 0.15x | 2.34x | $-72.16 Million |
| 2020 | 4.25% | 13.27% | 0.14x | 2.33x | $-44.19 Million |
| 2021 | 11.84% | 44.29% | 0.15x | 1.74x | $14.40 Million |
| 2022 | 0.14% | 0.66% | 0.13x | 1.62x | $-75.78 Million |
| 2023 | -6.75% | -33.02% | 0.12x | 1.64x | $-119.39 Million |
| 2024 | -8.04% | -43.89% | 0.13x | 1.44x | $-118.31 Million |
| 2025 | -7.41% | -41.96% | 0.12x | 1.47x | $-105.66 Million |
Industry Comparison
This section compares Franklin Street Properties Corp's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,287,555,700
- Average return on equity (ROE) among peers: 2.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Franklin Street Properties Corp (FSP) | $606.98 Million | -1.77% | 0.47x | $49.84 Million |
| Allied Properties Real Estate Investment Trust (APYRF) | $215.70 Million | 3.58% | 1.33x | $973.59 Million |
| Alexandria Real Estate Equities Inc (ARE) | $1.58 Billion | 5.93% | 1.94x | $7.61 Billion |
| Brandywine Realty Trust (BDN) | $1.69 Billion | 2.03% | 1.41x | $496.31 Million |
| BTB Real Estate Investment Trust (BTBIF) | $248.95 Million | 11.32% | 2.06x | $199.14 Million |
| Boston Properties Inc (BXP) | $3.00 Billion | 14.79% | 1.81x | $7.87 Billion |
| COPT Defense Properties (CDP) | $1.68 Billion | 4.55% | 1.53x | $3.58 Billion |
| City Office (CIO) | $772.63 Million | -0.35% | 0.96x | $2.76 Million |
| CLS Holdings plc (CLIHF) | $929.20 Million | -26.88% | 1.33x | $263.93 Million |
| Creative Media & Community Trust Corporation (CMCT) | $42.90 Million | 0.00% | 0.01x | $114.98K |
| Cromwell Property Group (CMWCF) | $2.71 Billion | 9.71% | 0.86x | $445.64 Million |