Franklin Street Properties Corp. Common Stock
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About
Franklin Street Properties Corp. (FSP) is a Maryland-based real estate investment trust, or REIT, primarily known for owning and operating office properties. The company focuses its investments within key growth regions of the United States.
The company's strategy centers on acquiring and managing office real estate in what it describes as infill locations and central business districts. Its geographic focus targets markets in the U.S. Sunbelt and Mountain West regions, which are generally associated with population and economic growth. Franklin Street Properties also considers select opportunistic markets outside these core areas. The objective is to build a portfolio that offers the potential for property value appreciation over the long term while also generating current rental income for the trust.
As a REIT, the company structures its operations to meet federal requirements, which typically involve distributing most of its taxable income to shareholders. Franklin Street Properties was incorporated in 1981 and maintains its headquarters in Wakefield, Massachusetts. Its investment approach is value-oriented, seeking properties that it believes are positioned for growth within its chosen markets.