Franklin Street Properties Management

Management criteria checks 4/4

Franklin Street Properties' CEO is George Carter, appointed in Jan 2002, has a tenure of 22.83 years. total yearly compensation is $306.00K, comprised of 98% salary and 2% bonuses, including company stock and options. directly owns 0.97% of the company’s shares, worth $1.87M. The average tenure of the management team and the board of directors is 9.8 years and 19.6 years respectively.

Key information

George Carter

Chief executive officer

US$306.0k

Total compensation

CEO salary percentage	98.0%
CEO tenure	22.8yrs
CEO ownership	1.0%
Management average tenure	9.8yrs
Board average tenure	19.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Carter's remuneration changed compared to Franklin Street Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$41m
Jun 30 2024	n/a	n/a	-US$71m
Mar 31 2024	n/a	n/a	-US$58m
Dec 31 2023	US$306k	US$300k	-US$48m
Sep 30 2023	n/a	n/a	-US$55m
Jun 30 2023	n/a	n/a	US$8m
Mar 31 2023	n/a	n/a	US$8m
Dec 31 2022	US$306k	US$300k	US$1m
Sep 30 2022	n/a	n/a	US$83m
Jun 30 2022	n/a	n/a	US$70m
Mar 31 2022	n/a	n/a	US$95m
Dec 31 2021	US$806k	US$300k	US$93m
Sep 30 2021	n/a	n/a	US$52m
Jun 30 2021	n/a	n/a	US$45m
Mar 31 2021	n/a	n/a	US$27m
Dec 31 2020	US$306k	US$300k	US$33m
Sep 30 2020	n/a	n/a	-US$1m
Jun 30 2020	n/a	n/a	US$3m
Mar 31 2020	n/a	n/a	US$7m
Dec 31 2019	US$306k	US$300k	US$6m
Sep 30 2019	n/a	n/a	US$4m
Jun 30 2019	n/a	n/a	US$11m
Mar 31 2019	n/a	n/a	US$10m
Dec 31 2018	US$306k	US$300k	US$13m
Sep 30 2018	n/a	n/a	US$7m
Jun 30 2018	n/a	n/a	-US$939k
Mar 31 2018	n/a	n/a	-US$19m
Dec 31 2017	US$656k	US$300k	-US$16m

Compensation vs Market: George's total compensation ($USD306.00K) is below average for companies of similar size in the US market ($USD1.46M).

Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.

CEO

George Carter (75 yo)

22.8yrs

Tenure

US$306,000

Compensation

Mr. George John Carter has been the Chief Executive Officer and Chairman of the Board of Franklin Street Properties Corporation since 2002. He is President & Director of FSP Monument Circle Corp. He had se...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Carter	Chairman & CEO	22.8yrs	US$306.00k	0.97% $ 1.9m
Jeffrey Carter	President & Chief Investment Officer	12.8yrs	US$712.47k	0.020% $ 39.2k
John Demeritt	Executive VP	19.7yrs	US$714.47k	0.041% $ 77.7k
Scott Carter	Executive VP	16.8yrs	US$669.99k	0.0034% $ 6.6k
John Donahue	Executive Vice President	8.5yrs	US$660.68k	0.00097% $ 1.9k
Eriel Anchondo	Executive VP & COO	9.8yrs	no data	no data
Georgia Touma	VP & Director of Investor Relations	no data	no data	no data
Julie Driscoll	Assistant VP & HR Director	no data	no data	no data
Leo Daley	Senior Vice President	8.5yrs	no data	no data
William Friend	Senior Vice President	8.5yrs	no data	no data
Andrew Klouse	Senior VP of Finance & Assistant Treasurer	8.5yrs	no data	no data

9.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: FSP's management team is seasoned and experienced (9.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Carter	Chairman & CEO	22.8yrs	US$306.00k	0.97% $ 1.9m
Georgia Murray	Lead Independent Director	19.6yrs	US$116.25k	0.13% $ 242.2k
Dennis McGillicuddy	Independent Director	22.5yrs	US$101.25k	3.83% $ 7.3m
Kenneth Hoxsie	Independent Director	8.8yrs	US$101.25k	0.17% $ 319.5k
John Burke	Independent Director	20.4yrs	US$116.25k	0.12% $ 226.8k
Brian Hansen	Independent Director	12yrs	US$111.25k	1.28% $ 2.4m
Milton Wilkins	Independent Director	2.8yrs	US$101.25k	0.060% $ 115.7k

19.6yrs

Average Tenure

73yo

Average Age

Experienced Board: FSP's board of directors are seasoned and experienced ( 19.6 years average tenure).

Franklin Street Properties Management

Management criteria checks 4/4

Key information

Recent management updates

Franklin Street Properties Corp., Annual General Meeting, May 16, 2024

Independent Director recently bought US$116k worth of stock

Independent Director recently bought US$157k worth of stock

Independent Director recently bought US$145k worth of stock

Independent Director recently bought US$148k worth of stock

Insufficient new directors

Recent updates

Converium Capital Engages in Discussions with Franklin Street Properties

Now 22% overvalued after recent price rise

Third quarter 2024 earnings released: US$0.15 loss per share (vs US$0.44 loss in 3Q 2023)

An undisclosed buyer acquired Low-rise office property located in Glen Allen (Greater Richmond) from Franklin Street Properties Corp. (NYSEAM:FSP) for $31 million.

Franklin Street Properties Corp. to Report Q3, 2024 Results on Oct 29, 2024

Second quarter dividend of US$0.01 announced

Franklin Street Properties Corp. Declares Quarterly Dividend for the Period July 1, 2024, Payable on November 7, 2024

Second quarter 2024 earnings released: US$0.20 loss per share (vs US$0.081 loss in 2Q 2023)

Franklin Street Properties Corp. to Report Q2, 2024 Results on Jul 30, 2024

First quarter dividend of US$0.01 announced

Franklin Street Properties Corp. Declares Quarterly Dividend for the Period April 1, 2024 Through June 30, 2024, Payable on August 8, 2024

New major risk - Revenue and earnings growth

Franklin Street Properties Corp. Provides Earnings Guidance for the Year 2024

Franklin Street Properties Corp. to Report Q1, 2024 Results on Apr 30, 2024

Price target decreased by 10.0% to US$2.25

Fourth quarter dividend of US$0.01 announced

Franklin Street Properties Corp., Annual General Meeting, May 16, 2024

Consensus EPS estimates fall by 33%

Independent Director recently bought US$116k worth of stock

Full year 2023 earnings: EPS misses analyst expectations

Price target increased by 18% to US$2.50

Franklin Street Properties Corp. to Report Q4, 2023 Results on Feb 26, 2024

Upcoming dividend of US$0.01 per share at 1.6% yield

Franklin Street Properties Corp. Declares Quarterly Dividend for the Period from October 1, 2023 Through December 31, 2023, Payable on February 15, 2024

Independent Director recently bought US$157k worth of stock

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 15%

Franklin Street Properties Corp. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.01 per share at 2.1% yield

Franklin Street Properties Corp. Declares Quarterly Dividend, Payable on November 9, 2023

Price target increased by 13% to US$2.25

Investor sentiment improves as stock rises 16%

Second quarter 2023 earnings: EPS misses analyst expectations

Franklin Street Properties Corp. to Report Q2, 2023 Results on Aug 01, 2023

Upcoming dividend of US$0.01 per share at 2.5% yield

Franklin Street Properties Corp. Declares Quarterly Dividend for the Period April 1, 2023 Through June 30, 2023, Payable on August 10, 2023

Franklin Street Properties Corp.(NYSEAM:FSP) dropped from Russell 2000 Dynamic Index

New minor risk - Insider selling

Independent Director recently bought US$145k worth of stock

Consensus EPS estimates fall by 13%

Independent Director recently bought US$148k worth of stock

Consensus EPS estimates fall by 23%

Insufficient new directors

Franklin Street Properties Corp. Suspends Financial Guidance for the Full Year 2023

Franklin Street Properties Corp. to Report Q4, 2022 Results on Feb 14, 2023

Franklin Street Properties Corp. Declares Dividend for the Quarter Ended December 31, 2022, Payable on February 16, 2023

Insufficient new directors

Independent Director recently bought US$137k worth of stock

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

Franklin Street Properties Corp. to Report Q3, 2022 Results on Nov 01, 2022

Franklin Street Properties Corp. Declares Quarterly Dividend, Payable on November 10, 2022

An unknown buyer acquired 380 Interlocken Crescent and 390 Interlocken Crescent in Broomfield, Colorado from Franklin Street Properties Corp. (NYSEAM:FSP) for approximately $100 million.

Franklin Street Properties Corp. Suspends Financial Guidance for the Full Year 2022

Franklin Street Properties Corp. to Report Q2, 2022 Results on Aug 02, 2022

Upcoming dividend of US$0.01 per share

Price target decreased to US$5.33

Franklin Street Properties Corp Declares Quarterly Dividend for the Period April 1, 2022 Through June 30, 2022, Payable on August 11, 2022

Independent Director recently bought US$395k worth of stock

Price target decreased to US$5.50

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to US$6.33

Insufficient new directors

Franklin Street Properties Corp. to Report Q1, 2022 Results on May 03, 2022

Franklin Street Properties Corp., Annual General Meeting, May 10, 2022

Independent Director recently bought US$284k worth of stock

Full year 2021 earnings: EPS misses analyst expectations

Franklin Street Properties Corp. Elects Milton P. Wilkins, Jr. to Board of Directors