Company Description

Franklin Street Properties Corp. Investor Presentation, June 2015

Franklin Street Properties Corp. 2015 Annual Report


Franklin Street Properties Corp. (“FSP”), a real estate investment trust (REIT) based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in major U.S. markets. FSP’s strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our top five markets of Atlanta, Dallas, Denver, Houston, and Minneapolis. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP’s primary real estate operations include property acquisitions and dispositions, leasing, development and asset management. FSP began operations in 1997 and became a publicly-traded company in June 2005. For more info click here.

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Officers and Directors
Executive Management
George J. Carter
CEO and Chairman of the Board
Jeffrey B. Carter
President and Chief Investment Officer
John G. Demeritt
Executive Vice President, Chief Financial Officer and Treasurer
Scott H. Carter
Executive Vice President, General Counsel and Secretary
Eriel Anchondo
Executive Vice President, Chief Operating Officer
John F. Donahue
Executive Vice President, President FSP Property Management LLC
 
Board of Directors
Kenneth Hoxsie
Kathryn P. O’Neil
George J. Carter
CEO and Chairman of the Board
Brian N. Hansen
John N. Burke
Dennis J. McGillicuddy
Georgia Murray
Lead Independent Director
 
 
Contact Information

Franklin Street Properties Corp.,
401 Edgewater Place
Wakefield, MA 01880
(781) 557-1300

Investor Relations Contact
(877) 686-9496
InvestorRelations@franklinstreetproperties.com

Transfer Agent
American Stock Transfer & Trust Company, LLC
Operations Center
6201 15th Avenue
Brooklyn, NY 11219
(800) 937-5449
Dividends (NYSE MKT - FSP)
Description:
Common stock, $0.0001 par value
LTM FFO Payout Ratio (%): NM
Current Dividend Yield (%): 6.01
Ex-Dividend Date Record Date Announce Date Pay Date Amount Frequency
7/20/20167/22/20167/8/20168/11/20160.1900Quarterly
4/20/20164/22/20164/8/20165/12/20160.1900Quarterly
1/20/20161/22/20161/8/20162/11/20160.1900Quarterly
10/21/201510/23/201510/9/201511/12/20150.1900Quarterly
7/22/20157/24/20157/10/20158/13/20150.1900Quarterly
4/22/20154/24/20154/10/20155/14/20150.1900Quarterly
1/21/20151/23/20151/9/20152/12/20150.1900Quarterly
10/22/201410/24/201410/10/201411/13/20140.1900Quarterly
Dividends Graph

Most recent year is YTD

Insider Ownership
Insider Transaction Activity (Last 6 Months)
Aggregates Shares Price ($) Value ($)
Open Market Buys32,48510.83351,914
Open Market Sells0----
Options Ex. & Sold0----
Net Shares32,48510.83351,914

High Volume Traders (Last 6 Months)
Name # Buys # Sells # Options Ex. & Sold Total # Trans. Net Shares
Kenneth A. Hoxsie400428,000
Eriel Anchondo10012,100
John N. Burke10011,385
John G. Demeritt10011,000
Copyright © 2016 FactSet Research Systems Inc. All rights reserved.
Institutional Ownership
Ownership Information
Shares Outstanding107,231,155
Short Interest Shares1,978,374
Float (%)96.04
Institutional Ownership (%)76.81
Mutual Fund Ownership (%)50.12
Insider Ownership (%)3.96
Top 10 Instn Holders (%)51.55
Ownership Activity
DescriptionHoldersShares
Total Positions21682,367,748
New Positions14298,754
Increased Positions712,818,574
Decreased Positions57(1,531,397)
Soldout Positions16(718,898)
Net Change 867,033
Copyright © 2016 FactSet Research Systems Inc. All rights reserved.
Market Data

Current QuoteData as of August 24, 2016
Last Sale $ 12.64
Last Close $ 12.72
Today's High $ 12.71
Today's Low $ 12.49
Net Change $ (0.08)  Down  .63%
Today's Volume229,404
Minimum 20 minute delay
Current Chart

Peer Analysis

Data for trailing four quarters

Financial Performance (%)FSP Peer
Median
Peer
Average
Rec. EBITDA / Int. Exp. (x)4.96 4.05 4.29 
Rec. EBITDA / Int. Exp. + Pref. Divs. (x)4.96 4.05 3.88 
G&A / Total Revenue5.40 5.99 6.05 
FFO / Share GrowthNA (1.52) 7.95 
ROAE2.46 6.62 8.31 
ROAA1.20 3.11 3.78 
Payout / FFONA 49.43 47.41 
Market Performance   
Price / FFO (x)NA 15.82 17.03 
Dividend Yield (%)6.01 3.52 3.40 
UPREIT Market Cap ($M)1,355.40 3,352.00 3,754.53 
Total Capitalization ($M)2,283.51 5,320.61 5,768.17 
Franklin Street Properties Corp.'s peer group consists of the following: Brandywine Realty Trust (BDN) , Corporate Office Properties Trust (OFC) , Equity Commonwealth (EQC) , Government Properties Income Trust (GOV) , Highwoods Properties, Inc. (HIW) , Hudson Pacific Properties, Inc. (HPP) , Kilroy Realty Corporation (KRC) , Parkway Properties, Inc. (PKY)

Franklin Street Properties Corp.'s financial data is as of 6/30/2016.

Peer financial data is as of 6/30/2016
Recent Documents

Filing DescriptionFiling TypeFiling DateEvent Date
8-K8-K8/11/20168/11/2016
Prospectus424B58/11/2016
Prospectus424B58/10/2016
8-K8-K7/27/20167/21/2016
8-K8-K7/26/20167/26/2016
Stock Price History
High ($)Low ($)
One Day12.71  12.49  
One Month13.18  11.98  
Three Months13.18  11.03  
Year-to-Date13.18  8.67  
One Year13.18  8.67  
Three Year13.77  8.67  
Three Year Date10/28/2013 2/12/2016 
FAQ
Q: What does Franklin Street Properties do?
A: Franklin Street Properties Corp. ('FSP', 'We' 'Our' or the 'Company') (NYSE MKT: FSP) is an investment firm specializing in, and focusing on, the asset class of real estate. Since its origination in 1997, FSP has experienced growth by applying an uncompromising discipline to its real estate investing. These disciplines have been learned over many years of property investment and reflect the natural characteristics of real estate as an asset class within the broader capital markets.

We are a real estate investment trust (or 'REIT'), focused on achieving current income and long-term growth through investments in commercial properties. Our portfolio of real estate assets consists primarily of suburban office buildings and includes select investments in central business district (CBD) properties. We also hold promissory notes secured by mortgages on real estate and manage single-asset REITs (or “Sponsored REITs”) not majority owned by us. Our real estate operations include property acquisitions and dispositions, secured financing, leasing, development and asset management. Our subsidiary, FSP Investments LLC (member, FINRA and SIPC), is a real estate investment banking firm and registered broker/dealer.

Q: Where is Franklin Street Properties located?
A: Our corporate headquarters are in Wakefield, Massachusetts. (the Greater Boston Area)

Q: When did FSP go public?
A: Our common stock began trading on June 2, 2005.

Q: What is the CUSIP number for FSP Common Stock?
A: 35471R 10 6

Q: On what exchange is FSP Common Stock listed? What is the ticker symbol?
A: FSP Common Stock is listed for trading on the NYSE MKT US under the trading symbol 'FSP'.

Q: Does Franklin Street Properties Corporation pay a Dividend?
A: To see a list of our historical dividends, please visit our Dividends page.

Q: How can I purchase shares of FSP Common Stock?
A: You can purchase shares through a registered broker. Shares cannot be purchased from the company.

Q: Who is FSP’s transfer agent?
A: You should contact our transfer agent, American Stock Transfer & Trust Company, for assistance with stock records, dividend payments, change of address or stock certificates. The telephone number is 1-800-937-5449, and the website address is www.amstock.com.

Q: Who are the Company’s independent auditors?
A: The Company’s independent auditors are Ernst & Young LLP.

Q: Who is the Company’s legal counsel?
A: The Company’s legal counsel is Wilmer Cutler Pickering Hale and Dorr LLP.

Q: When is FSP’s fiscal year end?
A: Our fiscal year ends on December 31.

Q: How can I get a copy of FSP's earnings releases and SEC filings?
A: These materials are available on our web site. Earnings releases can be accessed through the "Press Releases" tab in the "Investor Relations" section of the site and the company's SEC filings can be accessed under the "SEC Filings" tab. To receive information via mail, go to the "Information Request" tab in the “Investor Relations” section of our web site. You may also sign up on the Investor Relations section to receive this and other information automatically through "E-mail Notification".

Q: How do I contact FSP’s Investor Relations Department?
A: To contact FSP’s Investor Relations Department please call 877-686-9496 or e-mail them at InvestorRelations@franklinstreetproperties.com or use the "Information Request" function on this web site.