For the quarter ending 2025-09-30, FSP has $901,032K in assets. $285,695K in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Land (amounts related to variable interest entities ('vies') of 0 and 6,416 at september 30, 2025 and december 31, 2024, respectively) | 98,883 | 98,883 | ||
| Buildings and improvements (amounts related to vies of 0 and 13,279 at september 30, 2025 and december 31, 2024, respectively) | 1,088,981 | 1,085,048 | ||
| Fixtures and equipment | 11,355 | 11,399 | ||
| Total real estate assets, gross | 1,199,219 | 1,195,330 | ||
| Less accumulated depreciation (amounts related to vies of 0 and 682 at september 30, 2025 and december 31, 2024, respectively) | 399,597 | 391,918 | ||
| Real estate assets, net (amounts related to vies of 0 and 19,013 at september 30, 2025 and december 31, 2024, respectively) | 799,622 | 803,412 | ||
| Acquired real estate leases, less accumulated amortization of 14,238 and 13,613, respectively (amounts related to vies of 0 and 67, less accumulated amortization of 0 and 35 at september 30, 2025 and december 31, 2024, respectively) | 2,899 | 3,309 | ||
| Cash, cash equivalents and restricted cash (amounts related to vies of 239 and 1,314 at september 30, 2025 and december 31, 2024, respectively) | 31,575 | 30,518 | ||
| Tenant rent receivables | 1,380 | 1,568 | ||
| Straight-line rent receivable | 38,857 | 37,839 | ||
| Prepaid expenses and other assets | 3,889 | 3,583 | ||
| Office computers and furniture, net of accumulated depreciation of 1,094 and 1,073, respectively | 48 | 55 | ||
| Deferred leasing commissions, net of accumulated amortization of 14,749 and 14,195, respectively | 22,762 | 22,959 | ||
| Total assets | 901,032 | 903,243 | ||
| Term loans payable, less unamortized financing costs of 881 and 2,220, respectively | 125,114 | 125,124 | ||
| Series a & series b senior notes, less unamortized financing costs of 473 and 1,191, respectively | 122,449 | 122,656 | ||
| Accounts payable and accrued expenses (amounts related to vies of 83 and 534 at september 30, 2025 and december 31, 2024, respectively) | 28,785 | 22,010 | ||
| Accrued compensation | 2,635 | 1,911 | ||
| Tenant security deposits | 6,258 | 6,289 | ||
| Lease liability | 417 | 515 | ||
| Acquired unfavorable real estate leases, less accumulated amortization of 54 and 89, respectively | 37 | 38 | ||
| Preferred stock, .0001 par value, 20,000,000 shares authorized, none issued or outstanding | - | 0 | ||
| Total liabilities | 285,695 | 278,543 | ||
| Common stock, .0001 par value, 180,000,000 shares authorized, 103,690,340 and 103,566,715 shares issued and outstanding, respectively | 10 | 10 | ||
| Additional paid-in capital | 1,335,586 | 1,335,586 | ||
| Accumulated distributions in excess of accumulated earnings | 720,259 | 710,896 | ||
| Total stockholders' equity | 615,337 | 624,700 | ||
| Total liabilities and stockholders' equity | 901,032 | 903,243 | ||
FRANKLIN STREET PROPERTIES CORP MA (FSP)
FRANKLIN STREET PROPERTIES CORP MA (FSP)