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| 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 |