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Franklin Street Properties (FSP)
:FSP
RESEARCH TOOLSreports
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 10.38%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were notable achievements in terms of increased leasing activity, successful property sales, and significant debt reduction, the company faced challenges with decreased occupancy, net losses, and difficult market conditions. Emerging signs of market stabilization and improved leasing conditions provide a cautiously optimistic outlook.Company Guidance
During the Franklin Street Properties Corporation's fourth quarter and full year 2024 earnings call, the company reported funds from operations (FFO) of $0.03 per share for the fourth quarter and $0.13 per share for the full year. The GAAP net loss was approximately $8.5 million, or $0.08 per share for the fourth quarter, and $52.7 million, or $0.51 per share for the full year. The company leased approximately 252,000 square feet of office space in the fourth quarter and had a total of 616,000 square feet in leasing for the year. The directly owned portfolio was 70.3% leased at the end of the fourth quarter, down from 74.0% at the end of 2023. FSP completed $100 million in gross property sales during 2024, including the sale of Pershing Park Plaza for $34 million. Total indebtedness was approximately $250.3 million, which is about $52 per square foot of their remaining property portfolio. The call highlighted an increase in office activity and a potential for positive net absorption in 2025, despite the challenging market conditions.Increased Leasing Activity
FSP leased approximately 252,000 square feet of office space in Q4 2024, with a total of 616,000 square feet leased throughout the year, indicating strong leasing momentum.
Successful Property Dispositions
Completed the sale of three properties for total gross proceeds of approximately $100 million in 2024, including the $34 million sale of Pershing Park Plaza in Atlanta.
Debt Reduction
Since late 2020, FSP has reduced corporate indebtedness by approximately 75% through property sales, enhancing financial flexibility.
Positive Market Trends
Noted emerging signs of stabilization in the office market, with improved leasing conditions and a general increase in office property activity.
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FSP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $1.83 | $1.94 | +6.01% |
| Oct 29, 2024 | $1.84 | $1.76 | -4.35% |
| Jul 30, 2024 | $1.79 | $1.72 | -3.91% |
| Apr 30, 2024 | $1.83 | $1.88 | +2.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Franklin Street Properties (FSP) report earnings?
Franklin Street Properties (FSP) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Franklin Street Properties (FSP) earnings time?
Franklin Street Properties (FSP) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSP EPS forecast?
FSP EPS forecast for the fiscal quarter 2025 (Q1) is -0.08.
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