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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4594
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Trading
$165M
George J. Carter
Franklin Street Properties Corp. is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation.
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = FSP ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$FSP FRANKLIN STREET PROPERTIES CORP /MA/ | 29 | 32 | 40 | 5 | - | 8.4x | -8.7% | -5.9% | 61.2% | -30.3% | -47.9% | -11.5% | 2.5% | 46.0x | $165M | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) receives a "Avoid" rating with a composite score of 28.9/100. It ranks #4594 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Fair valuation relative to peers
Weak fundamentals — higher risk of value trap
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for FSP.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 32 | 46 | -14DRAG |
| MOMENTUM | 5 | 2 | +3NEUTRAL |
| VALUATION | 40 | 43 | -3NEUTRAL |
| INVESTMENT | 34 | 56 | -22DRAG |
| STABILITY | 31 | 23 | +8ALPHA |
| SHORT INT | 29 | 18 | +11ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC -3.1% vs WACC 5.4% (spread -8.5%)
GM 61% vs sector 78%, OM -30% vs sector 18%
Capital turnover 0.13x
Rev growth -11%, 10yr history
Interest coverage N/A, Net debt/EBITDA 108.8x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) as Avoid with a composite score of 28.9/100 at a current price of $0.75. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
FRANKLIN STREET PROPERTIES CORP /MA/ holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 28.9/100 places it at rank #4594 in our full universe.
No Moat
Medium
Poor
Fair Value
Gross margins of 61% signal strong pricing power.
Stable competitive position in a defensive sector.
Weak momentum suggests persistent institutional selling pressure.
Below-average quality raises earnings sustainability concerns.
Vulnerability to macroeconomic shocks and interest rate volatility.
FRANKLIN STREET PROPERTIES CORP /MA/ represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags FRANKLIN STREET PROPERTIES CORP /MA/ with an Avoid rating, assigning a composite score of 28.9/100 and 1 out of 5 stars. Ranked #4594 of 7,333 stocks, FSP falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
FSP's quality score of 32/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -8.7% (sector avg: 9.0%), gross margins of 61.2% (sector avg: 77.7%), net margins of -47.9% (sector avg: 21.9%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 40/100, FSP appears somewhat expensive relative to its fundamentals. Key valuation metrics include an EV/EBITDA of 8.39x, a P/B ratio of 0.13x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
FRANKLIN STREET PROPERTIES CORP /MA/'s investment score of 34/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -11.5% vs. a sector average of 10.7% and a return on assets of -5.9% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
FRANKLIN STREET PROPERTIES CORP /MA/ is experiencing notably weak momentum with a score of just 5/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at -11.5% year-over-year, while a beta of 0.63 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
FSP's stability score of 31/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 0.63 and a debt-to-equity ratio of 46.00x (sector avg: 0.5x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
FRANKLIN STREET PROPERTIES CORP /MA/'s short interest score of 29/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include elevated leverage (D/E: 46.00x), micro-cap liquidity risk. At $165M (micro-cap), FSP carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
FSP pays a solid dividend yield of 2.5%, contributing an income component to total returns. This compares to a sector average dividend yield of 2.0%. This moderate yield suggests a balance between returning capital to shareholders and retaining earnings for reinvestment — a common profile among quality compounders.
FRANKLIN STREET PROPERTIES CORP /MA/ is a micro-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #4594 of 7,333 overall (37th percentile). Key comparisons include ROE of -8.7% trailing the 9.0% sector median and operating margins of -30.3% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While FSP currently exhibits a AVOID profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
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Improvement in Momentum (5) would have the largest impact on the composite score.
EV/EBITDA 8% ABOVE SECTOR MEDIAN
ROE 196% BELOW SECTOR MEDIAN
Gross Margin 21% BELOW SECTOR MEDIAN
A more than 10% drop in net operating income reported by several office REITs in the past year is a 'cause for concern,' according to Barclays Research.

Franklin Street (FSP) delivered FFO and revenue surprises of -27.27% and 2.42%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street (FSP) delivered FFO and revenue surprises of 0% and 1.78%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

REITs saw a strong bounce-back in March, with gains in mid, small, and large caps, and positive total returns for the majority of securities. Read more here.
Above 50MA
37.18%
Net New Highs
+51081