Peer Analysis

Financial Performance (%) FSP Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 3.73 4.35 5.01
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 3.73 4.14 4.78
G&A / Total Revenue 4.73 5.84 7.81
FFO / Share Growth NA (1.22) (2.48)
ROAE 1.23 5.99 5.09
ROAA 0.54 2.74 2.87
Payout / FFO 39.13 55.63 94.55
Market Performance
Price / FFO (x) 8.21 13.34 17.99
Dividend Yield (%) 4.77 4.12 3.92
UPREIT Market Cap ($M) 809.60 4,029.98 4,116.57
Total Capitalization ($M) 1,815.27 4,905.77 6,401.01
Data for trailing four quarters

Franklin Street Properties Corp.'s peer group consists of the following: Brandywine Realty Trust (BDN), Corporate Office Properties Trust (OFC), Equity Commonwealth (EQC), Highwoods Properties, Inc. (HIW), Hudson Pacific Properties, Inc. (HPP), Kilroy Realty Corporation (KRC), Office Properties Income Trust (OPI), Parkway Properties, Inc. (PKY)

Franklin Street Properties Corp.'s financial data is as of 3/31/2019.

Peer financial data is as of 3/31/2019 except for these companies:

Brandywine Realty Trust's financial data is as of 6/30/2019.
Parkway Properties, Inc.'s financial data is as of 6/30/2016.