Franklin Street Properties Corp. is an AMEX listed security that has been trading in a range between $15.89 and $21.15 over the past year. With 70,766,310 shares outstanding, a recent price of $16.48 gives a total market capitalization of $1,173,305,414. While there are certainly larger companies, Franklin Street Properties Corp. has definitely earned its place in the pack. Last year, Franklin Street Properties Corp. created $1.56 in earnings for every share outstanding.
Franklin Street Properties Corp. is currently priced by the market at 27.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, Franklin Street Properties Corp. could be an interesting value proposition.
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