Activists see 'substantial discount' in Franklin Street as they pursue board seat [Yahoo! Finance]
Franklin Street Properties Corp. (FSP)
NASDAQ:AMEX Investor Relations:
franklinstreetproperties.com
Company Research
Source: Yahoo! Finance
Corp (NYSE:FSP) and are pursuing board representation, believing the shares are “undervalued and represent an attractive investment opportunity.” In a Schedule 13D filed with the SEC on November 5th, the two funds reported 3.6% and 3.2% respective stakes, and said they have been in discussions with the company regarding “composition of the Board, operations, capital allocation, and the strategy and plans.” Additionally, Converium has nominated Erez Capital's CIO Bruce Schanzer to FSP's Board. In comments made to Investing.com, Schnazer, who was the CEO and President of Cedar Realty (NYSE:CDR) Trust (NYSE: CDR-B) before founding REIT-focused Erez Capital, said his fund's objective is to find discrepancies between the sum-of-parts value of a company's individual holdings and its stock price. As such, Schnazer said he believes FSP shares are currently trading at a “substantial discount” to the value of its real estate and reiterated his and Converium's joint commitment to unlocki
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FSP
News
- Franklin Street Properties Corp. Appoints Bruce J. Schanzer to Board of Directors and Enters into Cooperation Agreement with Converium Capital Inc. and Erez Asset Management LLC [Yahoo! Finance]Yahoo! Finance
- Franklin Street Properties Corp. Appoints Bruce J. Schanzer to Board of Directors and Enters into Cooperation Agreement with Converium Capital Inc. and Erez Asset Management LLCBusiness Wire
- Franklin Street Properties Corp. Announces Third Quarter 2024 ResultsBusiness Wire
- Franklin Street Properties Corp. (NYSE: FSP) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Franklin Street Properties Corp. to Announce Third Quarter 2024 ResultsBusiness Wire
FSP
Earnings
- 10/29/24 - In-Line
FSP
Sec Filings
- 12/17/24 - Form 4
- 12/16/24 - Form 4
- 12/13/24 - Form 4
- FSP's page on the SEC website