Franklin street properties corp. (FSP)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues:
Revenue

269,028

269,065

268,647

268,717

268,792

268,870

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Syndication fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Transaction fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Total revenues

0

-

266,646

266,812

0

-

269,127

269,048

270,725

-

271,741

266,395

258,831

249,888

245,150

243,747

243,173

243,867

245,106

244,419

246,927

249,683

250,217

247,473

232,404

213,636

193,118

176,140

167,122

161,580

155,997

148,971

145,080

138,041

128,312

124,008

118,150

115,802

120,701

120,695

0

0

0

Expenses:
Real estate operating expenses

71,883

72,311

71,535

71,440

71,278

70,703

70,771

70,723

71,055

71,212

70,701

69,708

67,351

65,335

63,065

62,111

61,826

61,890

62,285

61,966

62,317

62,032

60,921

59,280

55,401

51,100

46,374

42,025

39,513

37,440

35,631

34,878

35,039

35,074

34,424

34,249

32,819

32,042

31,756

30,186

0

0

0

Real estate taxes and insurance

47,531

47,871

48,145

47,291

46,782

45,857

45,081

45,312

44,615

45,841

46,498

44,834

43,393

40,140

38,724

38,447

37,762

38,660

38,746

37,360

37,654

36,857

36,481

36,727

34,272

31,616

28,658

25,618

23,803

22,904

22,125

21,314

21,049

20,112

19,049

18,735

17,545

17,782

19,034

19,084

0

0

0

Depreciation and amortization

90,002

90,909

91,240

91,958

93,440

94,230

96,562

98,273

99,961

101,258

100,556

98,866

95,939

93,052

90,664

90,277

91,132

91,359

91,964

93,931

94,287

95,915

96,715

94,000

87,358

78,839

69,475

60,679

56,761

54,051

51,901

50,717

49,743

47,417

43,961

41,433

37,889

35,640

35,437

36,007

0

0

0

General and administrative

14,489

14,473

14,259

13,767

13,147

13,070

13,573

13,465

13,460

13,471

13,489

13,622

14,039

14,126

13,571

13,223

13,130

13,291

13,655

13,655

13,402

12,983

12,189

12,595

12,651

11,911

11,675

11,339

10,371

9,916

9,409

7,922

7,288

6,855

4,495

4,915

5,872

6,399

9,047

9,100

0

0

0

Commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Interest

36,452

36,757

36,975

37,874

38,256

38,374

37,831

36,154

34,294

32,387

30,661

29,170

27,694

26,548

26,072

25,730

25,678

25,432

25,460

25,918

26,444

27,433

28,148

26,739

24,022

21,054

18,023

16,736

16,599

16,068

15,162

14,394

13,935

12,666

11,410

9,883

8,040

7,284

7,023

6,730

0

0

0

Total expenses

260,357

262,321

262,154

262,330

262,903

262,234

263,818

263,927

263,385

264,169

261,905

256,200

248,416

239,201

232,096

229,788

229,528

230,632

232,110

232,830

234,104

235,220

234,454

229,341

213,704

194,520

174,205

156,397

147,047

140,379

134,228

129,225

127,054

122,124

112,873

108,765

102,051

99,147

102,771

101,605

0

0

0

Gain (loss) on sale of properties

-

-

-

-

-

-

-

-

-

-18,481

-18,983

-19,369

0

-

0

0

-

23,662

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-1,878

839

-237

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before taxes

0

-

4,492

4,482

0

-

5,309

5,121

7,340

-

9,836

10,195

10,415

10,687

13,054

13,959

13,645

13,235

12,996

11,589

12,823

14,463

15,763

18,132

18,700

19,116

18,913

19,743

20,075

21,201

21,769

19,746

18,026

15,917

15,439

15,243

16,099

16,655

17,930

19,090

0

0

0

Tax expense (benefit) on income

366

269

294

255

249

360

334

360

357

400

389

406

445

418

315

327

370

433

539

559

522

498

531

500

498

480

451

413

375

335

318

305

296

267

502

398

335

217

-370

-408

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

2

2

3

3

8

13

16

16

44

44

44

51

20

18

19

22

23

24

28

25

37

69

0

0

0

Equity in income (loss) of non-consolidated REITs

-

-

-

-

-

6,793

3,908

-3,393

-3,312

-3,604

-982

-1,057

-942

-831

-1,375

-1,463

-1,415

-1,451

-913

-1,084

-1,598

-1,760

-2,035

-2,011

-1,654

-1,358

158

765

1,454

2,033

2,039

2,436

3,108

3,685

2,936

2,767

1,981

1,266

1,512

1,551

0

0

0

Income (loss) before taxes on income

-

-

-

-

-

-

-

-

-

-

-8,894

-8,322

10,724

8,796

22,376

23,096

25,430

35,447

24,436

22,857

22,630

13,646

13,736

16,134

17,062

17,774

19,115

20,552

21,573

23,285

23,828

22,200

21,153

19,624

18,398

18,034

18,108

17,946

19,479

20,710

0

0

0

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

17,294

18,664

20,139

21,198

22,950

23,510

21,895

20,857

19,357

15,692

15,432

16,722

17,729

22,053

23,322

0

0

0

Income from discontinued operations, net of income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

375

557

290

-76

-491

-1,975

-2,348

1,291

2,228

4,448

6,151

3,933

4,364

0

0

0

-

-

Gain on sale, less applicable income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-21,939

0

0

0

-

-

-

-

-

-

Total discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,533

31

-14,536

-14,902

-15,317

-16,274

-2,347

3,638

24,167

26,386

28,089

23,525

4,364

0

0

0

-

-

Net loss

6,609

6,475

4,198

11,407

10,439

13,069

6,766

-939

-18,999

-15,944

-9,283

-8,728

10,279

8,378

0

0

0

-

-

-

-

13,148

15,444

17,971

18,999

19,827

18,695

5,603

6,296

7,633

7,236

19,548

24,495

43,524

43,219

0

0

-

0

-

-

-

-

Weighted average number of shares outstanding, basic and diluted

107,269

107,239

107,231

107,231

107,231

107,231

107,231

107,231

107,231

107,231

107,231

107,231

107,231

107,289

103,709

100,187

100,187

100,187

100,187

100,187

100,187

100,187

100,187

100,187

100,187

100,449

100,187

91,847

82,937

82,937

82,937

82,937

82,937

-

-

-

-

-

-

-

-

-

-

Weighted average number of shares outstanding, basic (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81,600

81,437

81,437

-

79,751

79,681

79,681

71,281

70,481

Weighted average number of shares outstanding, diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81,600

81,437

81,437

-

79,751

79,681

79,681

71,281

70,481

Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

0.04

0.05

0.05

0.07

0.07

0.07

0.07

0.08

0.05

0.06

0.05

-

0.05

-

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-

-0.18

-

-

-0.02

-0.01

0.07

0.25

-

0.01

-

-

-

-

Net loss per share, basic and diluted

-0.01

0.03

0.02

0.02

-0.01

0.01

0.09

0.01

0.01

-0.05

0.02

-0.16

0.04

0.01

0.02

0.02

0.03

0.15

0.03

0.04

0.13

0.03

0.02

0.04

0.04

0.07

0.04

0.05

0.05

0.06

-0.11

0.07

0.07

0.06

0.04

0.13

0.30

-

0.06

-

-

-

-

Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.06

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.01

-

-

Net income per share, basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

0.07

0.10

0.07

Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.06

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.01

-

-

Net income per share, diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

0.07

0.10

0.07

Rental
Rental

264,735

265,527

262,256

261,584

261,508

263,777

264,028

263,931

265,517

267,265

266,321

260,907

253,365

244,349

239,394

237,855

237,203

237,856

239,222

238,564

240,757

243,341

243,626

240,658

225,681

206,926

186,236

167,420

156,973

150,434

145,660

141,114

139,150

133,946

126,352

122,176

115,616

113,274

116,727

116,759

0

0

0

Related party revenue: Management fees and interest income from loans
Revenue

2,568

3,517

4,368

5,203

5,157

5,061

5,064

5,081

5,171

5,285

5,371

5,431

5,402

5,465

5,683

5,815

5,890

5,930

5,820

5,812

6,071

6,241

6,492

6,695

6,667

6,646

6,731

8,551

9,953

10,947

10,197

7,749

5,854

4,046

3,713

3,306

2,715

2,440

2,092

1,779

0

0

0

Related party revenue: Other
Revenue

29

21

22

25

28

32

35

36

37

38

49

57

64

74

73

77

80

81

64

43

99

101

99

120

56

64

151

169

196

199

140

108

76

49

74

87

86

88

54

52

0

0

0