Franklin Street Properties Corp
fspreit.comWhat Do They Do?
Leases commercial office space to business tenants and provides asset management, property management and development services.
10-K for FY2025, filed Mar 9, 2026We are a REIT focused on commercial real estate investments primarily in office markets and currently operate in only one segment: real…View ↗
As of December 31, 2025, we owned and operated a portfolio of real estate consisting of 14 properties, which we refer to as our owned…View ↗
We provide asset management, property management, property accounting, investor and/or development services to our portfolio and our…View ↗
How Do They Make Money?
Office tenants pay rent and reimburse certain property expenses under their leases; the company also earns fees for asset, property management and development services.
10-K for FY2025, filed Mar 9, 2026Rental Revenue - The Company has retained substantially all of the risks and benefits of ownership of the Company’s commercial properties…View ↗
We are a REIT focused on commercial real estate investments primarily in office markets and currently operate in only one segment: real…View ↗
We provide asset management, property management, property accounting, investor and/or development services to our portfolio and our…View ↗
$107.2M
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10-K for FY2025, filed Mar 9, 2026
$107.2M ↗
Who Are Their Customers?
Office tenants pay rent for space in the company's properties. The company also provides asset, property, accounting, investor and development services to its portfolio and Sponsored REIT.
10-K for FY2025, filed Mar 9, 2026
Do Revenues Turn Into Profits?
No. It lost $45M in FY2025.
How Are They Changing?
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Jul 13, 2026
Sold an office property in Colorado
The buyer was University of Colorado Health; some proceeds went to debt repayment, with the balance available for leasing, building improvements and general corporate uses.
Sources
8-K, filed Jul 13, 2026
On July 8, 2026, FSP Greenwood Plaza Corp. (the “Seller”), a wholly-owned subsidiary of Franklin Street Properties Corp. (the…View ↗
Shrinking. Revenue fell 49% in 4 years, from $209.4M in FY2021 to $107.2M in FY2025, about 15% a year.
Sponsored REIT activity
The older report described managing a Sponsored REIT and lending to one; the latest says the Sponsored REIT's property was sold and the entity dissolved.
10-K for FY2022, filed Feb 14, 2023 10-K for FY2025, filed Mar 9, 2026We had a non-controlling common stock interest in the corporation that was the sole member of FSP Monument Circle LLC, which we refer to as…View ↗
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