Event-Driven Stocks

FRANKLIN STREET PROPERTIES CORP /MA/

FSPNYSE

Real Estate · Real Estate Investment Trusts · MA · SEC filings ↗ · Compare ⊕

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Signs● 3 good● 2 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$107.2M$120.1M$145.7M$165.6M$209.4M$63.0M
Operating income——————
Net income−$45.0M−$52.7M−$48.1M$1.1M$92.7M$32.6M
Total assets$892.9M$946.9M$1.17B$1.24B$1.36B$1.79B
Total liabilities$285.9M$291.1M$456.5M$472.9M$581.0M$1.03B
Equity$607.0M$655.9M$712.8M$768.7M$783.2M$768.1M
EPS (diluted)$-0.43$-0.51$-0.47$0.01$0.87$0.30
Shares out.103.6M103.4M103.2M104.0M107.3M107.3M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
—
Net margin
−42.0%
Return on equity
−7.4%
Return on assets
−5.0%
Return on capital (ROCE)
—
Liabilities / assets
32.0%
Debt / equity
0.47×
Book value / share
$5.86
Revenue growth (YoY)
−10.8%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Accruals / assets
−5.5%clean
Piotroski F-Score
3/7weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
53
/ 100
Profitability 0Growth 0Catalyst 67Earnings quality 100Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 2 warning● 3 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Reported a net loss
  • Revenue declined year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20263.5M8.7-6.9%
Apr 30, 20263.8M13.7-9.9%
Apr 15, 20264.2M13.5+6.8%
Mar 31, 20264.0M5.6+13.7%
Mar 13, 20263.5M6.3+16.3%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)

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