Revenue Update on Franklin Street Properties Corp.(NYSEMKT:FSP)

Franklin Street Properties Corp.(NYSEMKT:FSP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $60.81M. Analysts estimated a revenue of $58.62M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.26.

Franklin Street Properties Corp. (FSP) made into the market gainers list on Fridays trading session with the shares advancing 3.14% or 0.39 points. Due to strong positive momentum, the stock ended at $12.82, which is also near the day’s high of $13.18. The stock began the session at $12.71 and the volume stood at 6,90,183 shares. The 52-week high of the shares is $13.18 and the 52 week low is $8.67. The company has a current market capitalization of $1,284 M and it has 10,01,87,405 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, John N Burke (director) purchased 1,385 shares at $11.08 per share price.Also, On May 2, 2016, Eriel Anchondo (SVP/Operations) purchased 2,100 shares at $10.64 per share price.On Apr 29, 2016, Kenneth A Hoxsie (director) purchased 10,000 shares at $10.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Franklin Street Properties Corp. (FSP Corp.) is a Real Estates Investment Trusts (REIT). The Company is focused on commercial real estate investments primarily in office markets and operates through real estate operations. The Company’s real estate operations include real estate rental operations leasing secured financing of real estate and services provided for asset management property management property acquisitions dispositions and development. It owns and operates a portfolio of real estate consisting of 38 properties managed 10 Sponsored REITs and held five promissory notes secured by mortgages on real estate owned by Sponsored REITs. FSP Corp. holds directly and indirectly 100% of the interest in FSP Investments LLC FSP Property Management LLC FSP Holdings LLC and FSP Protective TRS Corp. It provides asset management property management property accounting development services to its portfolio and certain of its Sponsored REITs through its subsidiaries.

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