Franklin Street Properties (FSP) Gross Margin (2017 - 2025)
Franklin Street Properties (FSP) reported Gross Margin of 60.91% for Q3 2025, down 0.09 percentage points from 61.01% a year earlier but up 0.97 percentage points from the prior quarter.
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Analysis
Franklin Street Properties (FSP) Gross Margin (2017 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Franklin Street Properties' Gross Margin came in at 60.83%, down 2.24 percentage points year-over-year; for FY2024, it was 62.50%, down 2.68 percentage points from FY2023.
- Gross Margin has declined for seven consecutive years, with a five-year change of -10.63 percentage points (FY2019 to FY2024).
- By year, Gross Margin came in at 65.18% in FY2023 (-2.92 pp), 68.11% in FY2022 (-2.81 pp), 70.92% in FY2021 (-1.85 pp) and 72.77% in FY2020 (-0.35 pp).
- Five-year quarterly Gross Margin spans a low of 59.74% in Q4 2024 and a high of 73.00% in Q1 2021.
- Year over year, Gross Margin has now declined in each of the last 11 quarters, with an average year-over-year change of -2.53 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q1 2021 (a gain of 0.47 percentage points); the low point was Q4 2021 (a drop of 5.92 percentage points).
- Per Business Quant data, the three quarters before Q3 2025 came in at 59.94% (Q2 2025), 62.76% (Q1 2025) and 59.74% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.95 Bn | 150.46 Bn | 1.39 Bn | 39.34% |
| 2 | Prologis | 123.54 Bn | 127.93 Bn | - | - |
| 3 | Simon Property | 66.76 Bn | 68.02 Bn | - | - |
| 4 | Realty Income | 52.37 Bn | 54.76 Bn | - | - |
| 5 | Public Storage | 50.03 Bn | 49.11 Bn | - | - |
| 6 | Ventas | 44.65 Bn | 43.84 Bn | - | - |
| 7 | Extra Space Storage | 27.81 Bn | 27.81 Bn | 642.43 Mn | 73.49% |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 99.30% |
| 9 | Vivmark Residential | 23.01 Bn | 23.20 Bn | - | - |
| 10 | Franklin Street Properties | 35.25 Mn | -88.97 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 60.91% |
| Jun 30, 2025 | 59.94% |
| Mar 31, 2025 | 62.76% |
| Dec 31, 2024 | 59.74% |
| Sep 30, 2024 | 61.01% |
| Jun 30, 2024 | 64.23% |
| Mar 31, 2024 | 64.71% |
| Dec 31, 2023 | 62.31% |
| Sep 30, 2023 | 65.32% |
| Jun 30, 2023 | 66.53% |
| Mar 31, 2023 | 66.40% |
| Dec 31, 2022 | 65.37% |
| Sep 30, 2022 | 67.26% |
| Jun 30, 2022 | 70.11% |
| Mar 31, 2022 | 69.63% |
| Dec 31, 2021 | 64.92% |
| Sep 30, 2021 | 71.71% |
| Jun 30, 2021 | 72.66% |
| Mar 31, 2021 | 73.00% |
| Dec 31, 2020 | 70.84% |
API Access
Franklin Street Properties Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FSP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FSP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FSP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();