Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $250M | $273M | $269M | $269M | $246M | $209M | $166M | $146M | $120M | $107M |
| Revenue growth | — | 9.1% | -1.4% | 0.1% | -8.6% | -14.8% | -20.9% | -12.0% | -17.6% | -10.8% |
| Operating income | $10.7M | $8.42M | $6.64M | — | — | — | — | — | — | — |
| Operating margin | 4.3% | 3.1% | 2.5% | — | — | — | — | — | — | — |
| Net income | $8.38M | -$15.9M | $13.1M | $6.47M | $32.6M | $92.7M | $1.09M | -$48.1M | -$52.7M | -$45.0M |
| Net margin | 3.4% | -5.8% | 4.9% | 2.4% | 13.3% | 44.3% | 0.7% | -33.0% | -43.9% | -42.0% |
| EPS (diluted) | $0.08 | -$0.15 | $0.12 | $0.06 | $0.30 | $0.87 | $0.01 | -$0.47 | -$0.51 | -$0.43 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $94.4M | $95.9M | $80.2M | $81.9M | $68.4M | $36.4M | $15.2M | $17.9M | $8.99M | $3.75M |
| Capital expenditures | $37.4M | $54.2M | $51.1M | $70.7M | $77.9M | $64.8M | $54.9M | $31.6M | $25.2M | $16.4M |
| Free cash flow | $57.0M | $41.8M | $29.1M | $11.2M | -$9.47M | -$28.5M | -$39.7M | -$13.8M | -$16.2M | -$12.7M |
| Share buybacks | — | — | — | — | — | $18.2M | $4.84M | — | — | — |
| Dividends paid | $77.5M | $81.5M | $49.3M | $38.6M | $38.6M | $38.5M | $54.0M | $4.13M | $4.14M | $4.14M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $9.34M | $9.77M | $11.2M | $9.79M | $2.65M | $34.3M | $3.74M | $126M | $41.1M | $30.6M |
| Total assets | $2.09B | $1.99B | $1.90B | $1.84B | $1.79B | $1.36B | $1.24B | $1.17B | $947M | $893M |
| Total liabilities | $1.13B | $1.12B | $1.06B | $1.06B | $1.03B | $581M | $473M | $457M | $291M | $286M |
| Shareholders' equity | $962M | $871M | $838M | $786M | $768M | $783M | $769M | $713M | $656M | $607M |
| Shares (wtd avg diluted) | 107M | 107M | 107M | 107M | 107M | 107M | 103M | 103M | 104M | 104M |
Every figure is extracted from FRANKLIN STREET PROPERTIES CORP /MA/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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