Franklin Street Properties Corp. (FSP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 26.23M | 26.04M | 27.3M | 26.71M | 27.11M | 28.38M | 29.68M | 30.83M | 31.23M | 34.77M | 36.9M | 36.27M | 37.77M | 41.21M | 40.84M | 41.3M | 42.26M | 43.37M | 50.8M | 56.15M |
| Revenue Growth % | -3.25% | -8.23% | -8.03% | -13.35% | -13.19% | -18.39% | -19.57% | -14.99% | -17.32% | -15.63% | -9.63% | -12.2% | -10.64% | -4.98% | -19.62% | -26.43% | -28.41% | -27.48% | -18.39% | -7.67% |
| Property Operating Expenses | 14.53M | 13.96M | 5.26M | 14.89M | 15.46M | 16.96M | 17.09M | 16.75M | 16.95M | 19.05M | 19.91M | 19.31M | 19.66M | 22.18M | 22.32M | 21.39M | 21.55M | 21.82M | 24.57M | 27.25M |
| Net Operating Income (NOI) | 11.69M | 12.08M | 22.04M | 11.82M | 11.64M | 11.41M | 12.6M | 14.08M | 14.27M | 15.72M | 16.99M | 16.96M | 18.1M | 19.03M | 18.52M | 19.92M | 20.71M | 21.55M | 26.23M | 28.9M |
| NOI Margin % | 44.58% | 46.38% | 80.73% | 44.26% | 42.95% | 40.22% | 42.44% | 45.66% | 45.7% | 45.22% | 46.04% | 46.76% | 47.94% | 46.18% | 45.34% | 48.22% | 49% | 49.7% | 51.63% | 51.47% |
| Operating Expenses | 20.06M | 13.24M | 5.41M | 13.91M | 14.31M | 13.57M | 14.19M | 15.12M | 15.78M | 15.13M | 16.99M | 3.77M | 3.82M | 17.69M | 18.38M | 22.17M | 19.45M | 20.21M | 22.61M | 23.1M |
| G&A Expenses | 2.67M | 2.63M | 3.03M | 3.28M | 3.48M | 2.81M | 3.27M | 3.63M | 4.16M | 3.17M | 3.27M | 3.77M | 3.82M | 2.89M | 3.23M | 3.98M | 3.78M | 4.04M | 3.75M | 3.96M |
| EBITDA | 3.23M | 9.45M | 27.18M | 9.22M | 8.84M | 9.3M | 10.08M | 11.25M | 10.79M | 13.12M | -25.33M | 28.5M | 29.59M | 16.53M | 15.71M | 16.37M | 17.44M | 18M | 23.1M | 25.62M |
| EBITDA Margin % | 12.32% | 36.29% | 99.56% | 34.53% | 32.63% | 32.77% | 33.97% | 36.5% | 34.54% | 37.74% | -68.64% | 78.57% | 78.34% | 40.12% | 38.47% | 39.64% | 41.27% | 41.51% | 45.47% | 45.62% |
| Depreciation & Amortization | 11.6M | 10.61M | 10.55M | 11.31M | 11.51M | 11.46M | 11.67M | 12.29M | 12.3M | 12.53M | 14.06M | 15.31M | 15.3M | 15.2M | 15.57M | 18.62M | 16.19M | 16.66M | 19.48M | 19.82M |
| D&A / Revenue % | 44.23% | 40.74% | 38.64% | 42.33% | 42.46% | 40.38% | 39.33% | 39.88% | 39.39% | 36.04% | 38.11% | 42.2% | 40.51% | 36.87% | 38.14% | 45.09% | 38.3% | 38.4% | 38.34% | 35.29% |
| Operating Income | -8.37M | -1.16M | 16.63M | -2.08M | -2.67M | -2.16M | -1.59M | -1.04M | -1.51M | 593K | 0 | 13.19M | 14.29M | 1.34M | 136K | -2.25M | 1.26M | 1.35M | 3.62M | 5.8M |
| Operating Margin % | -31.91% | -4.45% | 60.91% | -7.8% | -9.83% | -7.61% | -5.36% | -3.38% | -4.85% | 1.71% | 0% | 36.37% | 37.83% | 3.25% | 0.33% | -5.45% | 2.97% | 3.11% | 7.12% | 10.33% |
| Interest Expense | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | -1.23x | -0.15x | - | -0.23x | -2.76x | -0.43x | -1.36x | -1.96x | -0.09x | 1.59x | -6.34x | -0.24x | -0.08x | 0.50x | 3.83x | -0.60x | 0.23x | 14.89x | 1.52x | 2.61x |
| Non-Operating Income | 0 | -228K | 24.95M | -629K | 13.03M | 401K | 7.39M | 12.85M | -866K | -9.27M | 39.39M | 14.64M | 14.73M | -1.48M | -23.28M | 1.14M | 0 | -83.38M | -8.4M | -20.46M |
| Pretax Income | -9.47M | -7.27M | -8.33M | -7.79M | -21.38M | -8.47M | -15.57M | -20.98M | -7.49M | 3.64M | -45.6M | -8.35M | 2.47M | -2.85M | 17.31M | -9.05M | -4.11M | 79.04M | 4.51M | 16.2M |
| Pretax Margin % | -36.12% | -27.92% | -30.5% | -29.17% | -78.88% | -29.86% | -52.44% | -68.03% | -24% | 10.47% | -123.57% | -23.01% | 6.55% | -6.91% | 42.38% | -21.92% | -9.72% | 182.23% | 8.87% | 28.86% |
| Income Tax | 54K | 52K | 0 | 82K | 52K | 54K | 56K | 48K | 58K | 67K | 70K | 75K | 67K | 37K | 62K | 56K | 49K | 464K | 51K | 56K |
| Effective Tax Rate % | -0.57% | -0.72% | 0% | -1.05% | -0.24% | -0.64% | -0.36% | -0.23% | -0.77% | 1.84% | -0.15% | -0.9% | 2.71% | -1.3% | 0.36% | -0.62% | -1.19% | 0.59% | 1.13% | 0.35% |
| Net Income | -9.53M | -7.32M | -8.33M | -7.88M | -21.43M | -8.53M | -15.62M | -21.02M | -7.55M | 3.58M | -45.67M | -8.42M | 2.41M | -2.88M | 17.25M | -9.11M | -4.16M | 78.57M | 4.46M | 16.15M |
| Net Margin % | -36.33% | -28.12% | -30.5% | -29.48% | -79.08% | -30.05% | -52.63% | -68.19% | -24.19% | 10.28% | -123.76% | -23.22% | 6.37% | -7% | 42.23% | -22.06% | -9.84% | 181.16% | 8.77% | 28.76% |
| Net Income Growth % | 55.55% | 14.11% | 46.7% | 62.54% | -183.83% | -338.49% | 65.79% | -149.68% | -413.88% | 223.96% | -364.82% | 7.57% | 157.86% | -103.67% | 287.03% | -156.41% | 35.63% | 109.86% | 365.4% | 878.27% |
| Funds From Operations (FFO) | 2.07M | 3.29M | 2.22M | 3.43M | -9.93M | 2.93M | -3.95M | -8.73M | 4.75M | 16.11M | -31.61M | 6.89M | 17.7M | 12.31M | 32.82M | 9.51M | 12.03M | 95.23M | 23.94M | 35.97M |
| FFO Margin % | 7.9% | 12.62% | 8.15% | 12.85% | -36.62% | 10.33% | -13.3% | -28.31% | 15.2% | 46.32% | -85.65% | 18.99% | 46.88% | 29.87% | 80.37% | 23.03% | 28.46% | 219.56% | 47.12% | 64.06% |
| FFO Growth % | 120.88% | 12.07% | 156.33% | 139.33% | -309.1% | -81.79% | 87.51% | -226.76% | -73.19% | 30.82% | -196.31% | -27.61% | 47.19% | -87.07% | 37.12% | -73.55% | -35.32% | 59.11% | 13.78% | 72.74% |
| FFO per Share | 0.02 | 0.03 | 0.02 | 0.03 | -0.10 | 0.03 | -0.04 | -0.08 | 0.05 | 0.16 | -0.31 | 0.07 | 0.17 | 0.12 | 0.32 | 0.09 | 0.12 | 0.91 | 0.22 | 0.33 |
| FFO Payout Ratio % | 0% | 63.02% | 93.12% | 30.15% | -10.44% | 35.33% | -26.24% | -11.85% | 21.78% | 6.42% | -3.27% | 14.99% | 5.83% | 8.38% | 3.14% | 97.59% | 354.51% | 9.98% | 40.38% | 26.86% |
| EPS (Diluted) | -0.09 | -0.07 | -0.08 | -0.08 | -0.21 | -0.08 | -0.15 | -0.20 | -0.07 | 0.03 | -0.44 | -0.08 | 0.02 | -0.03 | 0.17 | -0.09 | -0.04 | 0.75 | 0.04 | 0.15 |
| EPS Growth % | 57.14% | 14.22% | 46.67% | 62% | -187.67% | -337.86% | 65.91% | -145.4% | -413.3% | 224.01% | -358.82% | 7.7% | 158.1% | -103.72% | 325% | -158.87% | 33.39% | 114.29% | 356.41% | 877.2% |
| EPS (Basic) | -0.09 | -0.07 | -0.08 | -0.08 | -0.21 | -0.08 | -0.15 | -0.20 | -0.07 | 0.03 | -0.44 | -0.08 | 0.02 | -0.03 | 0.17 | -0.09 | -0.04 | 0.75 | 0.04 | 0.15 |
| Diluted Shares Outstanding | 103.69M | 103.64M | 103.69M | 103.61M | 103.57M | 103.51M | 103.57M | 103.48M | 103.43M | 103.43M | 103.43M | 103.33M | 103.24M | 103.24M | 103.24M | 103.19M | 103.69M | 105.1M | 106.91M | 107.36M |