Franklin Street Properties (FSP) Operating Expenses (2009 - 2025)

Franklin Street Properties (FSP) reported 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 17 years of Operating Expenses data on file, last reported at $35.9 million in Q3 2025.

  • Operating Expenses for Q3 2025 came in at $35.9 million, down 5.26% year-over-year; the trailing twelve-month figure through Dec 2025 was $106.5 million (down 30.34% YoY), and the FY2024 annual result was $152.8 million, down 10.62% from the prior year.
  • Operating Expenses rose to $35.9 million in Q3 2025 per FSP's latest filing, from $35.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $65.4 million in Q1 2021 and troughed at $35.1 million in Q2 2025.
  • A 5-year average of $44.6 million and a median of $43.8 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2021 and 2022: Operating Expenses increased 2.26% in 2021, then declined 29.13% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $47.7 million in 2021, then decreased by 4.56% to $45.5 million in 2022, then retreated by 11.29% to $40.4 million in 2023, then dropped by 9.78% to $36.4 million in 2024, then decreased 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alexandria Real Estate Equities 9.03 Bn 9.03 Bn - 634.35 Mn
2 Cousins Properties 4.85 Bn 4.87 Bn 180.52 Mn 285.09 Mn
3 Kilroy Realty 4.57 Bn 4.57 Bn -59.85 Mn 208.92 Mn
4 Sl Green Realty 3.90 Bn 4.01 Bn 252.80 Mn 61.46 Mn
5 Copt Defense Properties 3.85 Bn 3.90 Bn 195.09 Mn 142.32 Mn
6 Highwoods Properties 3.25 Bn 3.27 Bn - 410.82 Mn
7 Douglas Emmett 2.11 Bn 3.29 Bn 176.48 Mn 202.02 Mn
8 Empire State Realty OP 1.49 Bn 1.49 Bn - 160.87 Mn
9 Piedmont Realty Trust 1.15 Bn 1.15 Bn 85.99 Mn 124.51 Mn
10 Franklin Street Properties 66.00 Mn 66.00 Mn - -

Historic Data

Download Data
DateValue
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