FRANKLIN STREET PROPERTIES CORP /MA/
FSP · XNYSCIK 1031316fmd_1RXS8N8J9WF63FKHNY01M2MVW3Finance, Insurance and Real Estate · Real Estate Investment TrustsTemplate: Real estate
Coverage: Jan 01, 2009 to Sep 30, 2026, 70 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Rental revenue | 192 | 267 | 264 | 266 | 244 | 208 | 164 | 145 | 120 | 107 |
| Total revenues | 250 | 273 | 269 | 269 | 246 | 209 | 166 | 146 | 120 | 107 |
| Cost of revenue | – | 71 | 71 | 72 | 67 | 61 | 53 | 51 | 45 | 42 |
| Gross profit | – | 201 | 198 | 197 | 179 | 148 | 113 | 95 | 75 | 65 |
| Provision for credit losses | – | – | – | – | – | – | 4 | – | – | – |
| Depreciation and amortization | 93 | 101 | 94 | 91 | 89 | 79 | 64 | 55 | 45 | 43 |
| Asset management and advisory fees | 1 | 1 | – | – | – | – | – | – | – | – |
| Selling, general and administrative | 14 | – | – | – | – | – | – | – | – | – |
| Gain on sale of real estate | (3) | (18) | – | – | 42 | 113 | 28 | – | – | – |
| Operating income | 11 | 8 | 7 | – | – | – | – | – | – | – |
| Funds from operations (NAREIT definition, derived) | 104 | 104 | 107 | 97 | 79 | 58 | 37 | 7 | (8) | (2) |
| Interest expense | 27 | 32 | 38 | 37 | 36 | 32 | 23 | 24 | 26 | 25 |
| Interest and investment income | – | – | – | – | – | – | – | – | – | – |
| Other non-operating income (expense) | 2 | (2) | – | – | – | – | – | – | – | – |
| Income before taxes | 9 | (16) | 13 | 7 | 33 | 93 | 1 | (48) | (53) | (45) |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Net income from continuing operations | 8 | (16) | 13 | 6 | 33 | 92 | 1 | (48) | (53) | (45) |
| Net income | 8 | (16) | 13 | 6 | 33 | 93 | 1 | (48) | (53) | (45) |
| Net income to common shareholders | 8 | (16) | 13 | 6 | 33 | 93 | 1 | (48) | (53) | (45) |