FSP (Franklin Street Properties) Intrinsic Value: Projected FCF: $2.73 (As of Aug. 29, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FSP Franklin Street Properties Corp FSP
44 GF Score
Price $0.41
GF Value $1.46
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Franklin Street Properties Intrinsic Value: Projected FCF?

Franklin Street Properties FSP -1.41% 44 Intrinsic Value: Projected FCF is $2.73 as of Aug. 29, 2026. GuruFocus rates FSP with a GF Score™ of 44/100 and a GF Value™ of $1.46 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 615 REITs companies, Franklin Street Properties ranks better than 96.26% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-29), Franklin Street Properties's Intrinsic Value: Projected FCF is $2.73. The stock price of Franklin Street Properties is $0.4053. Therefore, Franklin Street Properties's Price-to-Intrinsic-Value-Projected-FCF of today is 0.2.

The historical rank and industry rank for Franklin Street Properties's Intrinsic Value: Projected FCF or its related term are showing as below:

FSP' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.15   Med: 1.09   Max: 1.92
Current: 0.15

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Franklin Street Properties was 1.92. The lowest was 0.15. And the median was 1.09.

FSP's Price-to-Projected-FCF is ranked better than
96.26% of 615 companies
in the REITs industry
Industry Median: 0.65 vs FSP: 0.15

Franklin Street Properties  (AMEX:FSP) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Franklin Street Properties's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.4053/2.7326506505027
=0.15

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Franklin Street Properties Intrinsic Value: Projected FCF Related Terms


Franklin Street Properties Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Franklin Street Properties's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Franklin Street Properties Intrinsic Value: Projected FCF Chart

Franklin Street Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.77 3.92 4.93 3.63 2.86

Franklin Street Properties Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.22 3.16 2.86 2.68 2.73

FSP vs CMCT, ONL, NLOP: Intrinsic Value: Projected FCF Comparison

For the REIT - Office subindustry, Franklin Street Properties's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Franklin Street Properties Price-to-Projected-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Franklin Street Properties's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Franklin Street Properties's Price-to-Projected-FCF falls into.


FSP
44GF Score
Franklin Street Properties Corp FSP
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Franklin Street Properties Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Franklin Street Properties's Free Cash Flow(6 year avg) = $-18.94.

Franklin Street Properties's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-18.93984+579.988*0.8)/103.810
=2.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $2.73 mean?
Franklin Street Properties (FSP) has a Intrinsic Value: Projected FCF of $2.73 as of Aug. 29, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Franklin Street Properties and its competitors. According to the industry distribution chart, Franklin Street Properties ranks #23 out of 615 companies in the REITs industry, placing it in the top 3.7%.
Is Franklin Street Properties' Intrinsic Value: Projected FCF too high?
Franklin Street Properties' current Intrinsic Value: Projected FCF is $2.73. The REITs industry median Intrinsic Value: Projected FCF is 0.65. Franklin Street Properties' value of $2.73 is 320% above this industry median. Based on the distribution chart, Franklin Street Properties ranks #23 out of 615 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Franklin Street Properties has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Franklin Street Properties' Intrinsic Value: Projected FCF compare to CMCT and ONL?
According to the REITs industry distribution chart, Franklin Street Properties ranks #23 out of 615 companies for Intrinsic Value: Projected FCF. This places Franklin Street Properties in the top 4% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.65. Franklin Street Properties' value of $2.73 is 320% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.65, based on 615 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Franklin Street Properties's current Intrinsic Value: Projected FCF of $2.73 is 320% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Franklin Street Properties and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franklin Street Properties's current Intrinsic Value: Projected FCF is $2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin Street Properties stock overvalued right now?
Based on GuruFocus' analysis, Franklin Street Properties (FSP) is currently considered Possible Value Trap. The stock's GF Value™ is $1.46, compared to a current price of $0.41 — trading 72.2% below its estimated fair value. The current Intrinsic Value: Projected FCF is $2.73 and 320% above the REITs industry median of 0.65. Franklin Street Properties' overall GF Score™ is 44/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Franklin Street Properties (FSP), the current Intrinsic Value: Projected FCF is $2.73 as of Aug. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Franklin Street Properties (FSP) Overvalued in 2026?

Based on GuruFocus' analysis, Franklin Street Properties stock appears to be undervalued. The current stock price of $0.41 is trading 72.2% below its estimated GF Value™ of $1.46. GuruFocus considers Franklin Street Properties to be Possible Value Trap.

Key valuation signals for FSP:

  • Intrinsic Value: Projected FCF: $2.73
  • GF Value™: $1.46 vs. price of $0.41 (72.2% below fair value)
  • GF Score™: 44/100 with 4 warning signs
  • Industry Position: 320% above the REITs median (#23 of 615)

No single metric tells the full story. See the FSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Franklin Street Properties Business Description

Industry Real EstateREITs
Other Exchanges WVH:Germany
Address 401 Edgewater Place, Suite 200, Wakefield, MA, USA, 01880
Franklin Street Properties Corp is a real estate investment trust. The company is focused on commercial real estate investments in office markets and currently operate in only one segment: real estate operations. The principal revenue sources for its real estate operations include rental income from real estate leasing, property dispositions and fee income from asset/property management and development. The company provides asset management, property management, property accounting, investor and/or development services to its portfolio and Sponsored REIT through the company's subsidiaries.
44GF Score

Get the complete analysis for FSP

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.41
Price
$1.46
GF Value