Added to YB: 2025-10-23
Pitch date: 2025-10-21
FSP [bullish]
Franklin Street Properties Corp.
-31.32%
current return
Author Info
No bio for this author
Company Info
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.
Market Cap
$108.9M
Pitch Price
$1.41
Price Target
3.00 (+210%)
Dividend
3.81%
EV/EBITDA
10.08
P/E
-2.36
EV/Sales
2.97
Sector
Office REITs
Category
special_situation
Franklin Street Properties Corp. - $FSP
FSP: Office REIT in strategic review after 5yr unofficial liquidation. Trading $1.45 vs $2.50 NAV est. Market pricing 12% cap rate, $79/sqft vs recent office REIT deals at $85-194/sqft. 14 properties, 67% occupancy vs peers 77%. Debt matures 2026 but 2x NOI coverage. $2-3 price target on sellout in 2-3yrs.
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