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

Franklin Street Properties (FSP) reported Operating Margin of 41.64% for Q3 2025, down 78.0% year-over-year from 189.26% in Q3 2024, and down 5.92% quarter-over-quarter from 44.26% in Q2 2025.

Franklin Street Properties (FSP) Operating Margin (2009 - 2025) Analysis & Trends

Franklin Street Properties (FSP) has 17 years of Operating Margin data on file, last reported at 41.64% in Q3 2025.

  • Operating Margin for Q3 2025 came in at 41.64%, down 78.0% year-over-year; the trailing twelve-month figure through Sep 2025 was 42.23% (up 2469.0% YoY), and the FY2024 annual result was 43.57%, down 291.0% from the prior year.
  • Operating Margin eased to 41.64% in Q3 2025 per FSP's latest filing, from 44.26% in the prior quarter.
  • Over five years, Operating Margin peaked at 45.68% in Q1 2024 and troughed at 54.26% in Q2 2023.
  • A 5-year average of 11.34% and a median of 36.78% in 2021 frame the typical range for Operating Margin.
  • On a YoY basis, Operating Margin climbed as much as 476536 bps in 2021 and fell as far as 3419 bps in 2021.
  • A 5-year view of Operating Margin shows it stood at 45.1% in 2021, then fell by 0 bps to 45.14% in 2022, then fell by 19 bps to 53.87% in 2023, then surged by 175 bps to 40.21% in 2024, then rose by 4 bps to 41.64% in 2025.
  • Business Quant data shows FSP's Operating Margin at 41.64% in Q3 2025, 44.26% in Q2 2025, and 42.95% in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Alexandria Real Estate Equities 9.03 Bn 9.03 Bn - -
2 Cousins Properties 4.85 Bn 4.87 Bn 180.52 Mn -39.74%
3 Kilroy Realty 4.57 Bn 4.57 Bn -59.85 Mn -5,571.50%
4 Sl Green Realty 3.90 Bn 4.01 Bn 252.80 Mn 75.60%
5 Copt Defense Properties 3.85 Bn 3.90 Bn 195.09 Mn 26.30%
6 Highwoods Properties 3.25 Bn 3.27 Bn - -
7 Douglas Emmett 2.11 Bn 3.29 Bn 176.48 Mn -10.17%
8 Empire State Realty OP 1.49 Bn 1.49 Bn - 15.48%
9 Piedmont Realty Trust 1.15 Bn 1.15 Bn 85.99 Mn -26.88%
10 Franklin Street Properties 66.00 Mn 66.00 Mn - -

Historic Data

Download Data
DateValue
Sep 30, 2025 41.64%
Jun 30, 2025 44.26%
Mar 31, 2025 42.95%
Dec 31, 2024 40.21%
Sep 30, 2024 42.42%
Jun 30, 2024 45.64%
Mar 31, 2024 45.68%
Dec 31, 2023 -53.87%
Sep 30, 2023 -50.64%
Jun 30, 2023 -54.26%
Mar 31, 2023 -50.14%
Dec 31, 2022 -45.14%
Sep 30, 2022 -47.37%
Jun 30, 2022 -49.05%
Mar 31, 2022 -40.09%
Dec 31, 2021 -45.10%
Sep 30, 2021 -36.78%
Jun 30, 2021 -34.92%
Mar 31, 2021 -10.83%
Dec 31, 2020 -36.59%