Franklin Street Properties Corp.

Franklin Street Properties Corp.

Franklin Street Properties Corp.

Overview
Date Founded

2001

Headquarters

401 Edgewater Place, Suite 200, Wakefield, MA, 01880, USA

Type of Company

Public

Employees (Worldwide)

37

Industries

Trusts & Funds
Real Estate Investment Trusts

Company Description

Franklin Street Properties Corp. is an investment company, which specializes and focuses on the asset class of real estate. It operates through real estate operations segment, which involves in real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development. Franklin Street Properties was founded by George J. Carter in January 1997 and is headquartered in Wakefield, MA.

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Executives & Employees

President, Chief Executive Officer & Chairman of the Board

President & Chief Investment Officer

Chief Financial Officer, Treasurer & Executive Vice President

Chief Operating Officer & Executive Vice President

Secretary, Executive Vice President & General Counsel

Assistant Vice President & Director of Investor Relations

Executive Vice President

Senior Vice President-Finance & Assistant Treasurer

Senior Vice President

Senior Vice President

Board of Directors

Former President, Chief Executive Officer & Chairman of the Board at Franklin Street Properties Corp.

Faculty Member, Affordable Housing Finance at Dartmouth College - Tuck School of Business

Partner at Wilmer Cutler Pickering Hale and Dorr LLP

President at Florida Studio Theater

Founder at Confluence Investment Management LLC

Former Partner at BDO USA LLP

Former Director at Bain Capital LP

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Owners & Shareholders
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FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm believes that while stock markets are efficient most of the time, behavioral anomalies can arise under certain circumstances, resulting in exploitable mispricing opportunities. FTAM's strategies primarily invest in US listed companies and are a long only or a long/short strategy and may employ futures, ETFs and leverage. Their investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, mid-cap value, micro-cap, low volatility behavioral equity market neutral and behavioral unconstrained equity.

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Private Management group (PMG) reviews and may use investments other than traditional stock and bond instruments including preferred stock; convertible securities; hybrid securities; foreign securities; mutual funds or ETFs; US government securities or government sponsored entities; municipal securities; real estate or oil/gas limited partnerships; options or warrants; and other business ventures. They generally do not participate in IPOs, although they may consider them at any point. PMG typically invests in assets for the long-term (over six months). To a lesser degree, they may make short-term purchases.

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Pacific Heights Asset Management is the investment advisor to the Permanent Portfolio of funds, an investment company consisting of 4 distinct mutual funds: Permanent Portfolio, Short-Term Treasury Portfolio, Versatile Bond Portfolio, and Aggressive Growth Portfolio.Permanent Portfolio, designed as a core portfolio holding, seeks to preserve and increase the purchasing power value of each shareholder's account over the long-term, regardless of current or future market conditions, through investments in an array of asset classes. It invests a fixed target percentage of its net assets in 6 diverse and non-correlated investment categories including gold, silver, Swiss franc assets, US and foreign real estate and natural resource stocks, aggressive growth stocks, and dollar assets such as US Treasury bills and bonds.Short-Term Treasury Portfolio seeks to earn high current income, consistent with safety and liquidity of principal. It invests at least 80% of its assets in direct debt obligations of the US Treasury. The remainder may be invested in US government agency securities. The portfolio invests primarily in US Treasuries with a dollar-weighted average portfolio maturity and duration of 0-3 year.Versatile Bond Portfolio seeks to earn high current income. Generally, it invests at least 80% of its assets in bonds, which may include debt securities of all types and of any maturity. It invests in bonds with a range of maturities from short- to long-term and does not attempt to maintain a pre-set average portfolio maturity or duration. It may invest in obligations of US and non-US issuers. Up to 50% of the portfolio may be invested in below investment grade bonds.Aggressive Growth Portfolio seeks to achieve high, long-term appreciation in the value of its shares. Typically, it invests in stocks and stock warrants of US and foreign companies that are expected to have a higher profit potential than the stock market and whose shares are valued primarily for potential growth in revenues, earnings, dividends or asset values rather than for current income. The portfolio holds stocks from at least 12 industry groups, including large-, mid- and small-cap companies. Pacific Heights looks for shares that are believed to be undervalued. The portfolio is intended to stay fully invested in stocks at all times.

Recent Transactions
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Franklin Street Properties Corp. issued USD Common Stock

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Franklin Street Properties Corp. issued USD Common Stock

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Franklin Street Properties Corp. purchases FSP Park Ten Development Corp.

Insider Transactions
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Transaction Advisors
Underwriter

Advised onFranklin Street Properties Corp. issued USD Common Stock

Escrow Agent

Advised onFranklin Street Properties Corp. issued USD Common Stock

Underwriter

Advised onFranklin Street Properties Corp. issued USD Common Stock

Legal Advisor

Advised onFranklin Street Properties Corp. issued USD Common Stock

Underwriter

Advised onFranklin Street Properties Corp. issued USD Common Stock

Associate

Advised onFranklin Street Properties Corp. issued USD Common Stock

Clients

Dell Technologies, Inc. is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware. The CSG segment consists of sales to commercial and consumer customers of desktops, thin client products, and notebooks. The VMware segment provides compute, cloud management, networking and security, storage and availability, and other end-user computing offerings. The company was founded by Michael Saul Dell in 1984 and is headquartered in Round Rock, TX.

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. They strive to create the best outcomes for their clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.

General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

Key Stats and Financials As of 2019
Market Capitalization
$564M
Total Enterprise Value
$1.87B
Earnings Per Share
$0.06
Revenue
$273M
Enterprise Value Sales
6.87x
TEVNet Income
289.54x
Debt TEV
0.52x
Three Year Compounded Annual Growth Rate Of Revenue
3.79%
Five Year Compounded Annual Growth Rate Of Revenue
2.34%
Total Debt
$967M
Total Equity
$786M
Net Profit
$6.47M
EBITDAMargin
51.73%
Enterprise Value EBITDAOperating
13.26x
EBITDA
$141M
Non-Profit Donations & Grants
Competitors
Equity Commonwealth Trusts & Funds - Chicago, IL

CommonWealth REIT is a real estate investment trust, or REIT, which primarily owns office and industrial buildings located throughout the United States. The majority of our properties are office buildings located in suburban areas and central business districts, or CBDs, of major metropolitan markets. CWH was founded in 1986 and went public on the New York Stock Exchange as a REIT that owned healthcare related properties. In the 1990’s we transformed into an office REIT by selling healthcare assets and buying office buildings. During this time, we also formed four subsidiary REITs: Hospitality Properties Trust (HPT), a REIT that owns hotels and travel centers; Senior Housing Properties Trust (SNH), a REIT that primarily owns healthcare properties; Government Properties Income Trust (GOV), a REIT that primarily owns and leases office buildings that are majority leased to government tenants and Select Income REIT (SIR), a REIT that is focused on owning and investing in net leased, single tenant properties. HPT, SNH, GOV and SIR became separate public companies in 1995, 1999, 2009 and 2012 respectively. In July 2010, we changed our name to CommonWealth REIT from HRPT Properties Trust in order to avoid any lingering confusion that the company may be a healthcare focused REIT. We have been investment grade rated since 1994 and we are included in a number of financial indices, including the Russell 1000®, the MSCI US REIT Index, S&P REIT Composite Index and the FTSE EPRA/NAREIT United States Index

Highwoods Properties, Inc. Trusts & Funds - Raleigh, North Carolina

Highwoods Properties, Inc. operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa. The company was founded by Ronald P. Gibson in 1978 and is headquartered in Raleigh, NC.

Office Properties Income Trust Trusts & Funds - Newton, MA

Office Properties Income Trust owns, operates and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.

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