Franklin Street Properties (FSP) Operating Expenses (2009 - 2025)
Franklin Street Properties (FSP) posted quarterly Operating Expenses of $35.9 million for Q3 2025, down 5.26% year-over-year from $37.9 million in Q3 2024, and up 2.07% quarter-over-quarter from $35.1 million in Q2 2025.
Franklin Street Properties (FSP) Operating Expenses (2009 - 2025) Analysis & Trends
Franklin Street Properties (FSP) has reported Operating Expenses for 17 consecutive years, with $35.9 million the latest figure, recorded in Q3 2025.
- In Q3 2025, Operating Expenses fell 5.26% year-over-year to $35.9 million; the TTM figure through Dec 2025 stood at $106.5 million (down 30.34% YoY), while the FY2024 annual figure was $152.8 million, down 10.62% from the prior year.
- Operating Expenses climbed to $35.9 million in Q3 2025 per FSP's latest filing, from $35.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $65.4 million in Q1 2021 and bottomed at $35.1 million in Q2 2025.
- Historically, Operating Expenses has averaged $44.6 million across 5 years, with a median of $43.8 million in 2023.
- Annual changes were most pronounced in 2021 — Operating Expenses increased 2.26% — and 2022, when it declined 29.13%.
- Franklin Street Properties' Operating Expenses stood at $47.7 million in 2021, then slipped by 4.56% to $45.5 million in 2022, then decreased by 11.29% to $40.4 million in 2023, then declined by 9.78% to $36.4 million in 2024, then slipped by 1.59% to $35.9 million in 2025.
- Business Quant data shows FSP's Operating Expenses at $35.9 million in Q3 2025, $35.1 million in Q2 2025, and $35.5 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.06 Bn | 7.96 Bn | - | 835.39 Mn |
| 2 | Cousins Properties | 4.86 Bn | 4.86 Bn | 183.86 Mn | 249.25 Mn |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn | 207.02 Mn |
| 4 | Copt Defense Properties | 4.18 Bn | 4.18 Bn | 191.37 Mn | 134.16 Mn |
| 5 | Sl Green Realty | 4.12 Bn | 4.12 Bn | 263.98 Mn | 60.25 Mn |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | 159.11 Mn |
| 7 | Douglas Emmett | 1.99 Bn | 1.64 Bn | 178.95 Mn | 206.20 Mn |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | 335.61 Mn |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | 123.54 Mn |
| 10 | Franklin Street Properties | 46.95 Mn | 16.38 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 35.87 Mn |
| Jun 30, 2025 | 35.14 Mn |
| Mar 31, 2025 | 35.46 Mn |
| Dec 31, 2024 | 36.45 Mn |
| Sep 30, 2024 | 37.86 Mn |
| Jun 30, 2024 | 38.95 Mn |
| Mar 31, 2024 | 39.59 Mn |
| Dec 31, 2023 | 40.40 Mn |
| Sep 30, 2023 | 42.79 Mn |
| Jun 30, 2023 | 43.81 Mn |
| Mar 31, 2023 | 44.01 Mn |
| Dec 31, 2022 | 45.54 Mn |
| Sep 30, 2022 | 46.81 Mn |
| Jun 30, 2022 | 49.22 Mn |
| Mar 31, 2022 | 46.37 Mn |
| Dec 31, 2021 | 47.71 Mn |
| Sep 30, 2021 | 55.11 Mn |
| Jun 30, 2021 | 60.40 Mn |
| Mar 31, 2021 | 65.43 Mn |
| Dec 31, 2020 | 64.25 Mn |