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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $26.0M, roughly 1.9× FRANKLIN STREET PROPERTIES CORP). READING INTERNATIONAL INC runs the higher net margin — -5.1% vs -28.1%, a 23.0% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -14.2%). READING INTERNATIONAL INC produced more free cash flow last quarter ($4.1M vs $-12.7M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs -8.7%).
Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
FSP vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $50.3M |
| Net Profit | $-7.3M | $-2.6M |
| Gross Margin | 59.4% | — |
| Operating Margin | -27.9% | -1.9% |
| Net Margin | -28.1% | -5.1% |
| Revenue YoY | -8.2% | -14.2% |
| Net Profit YoY | 14.1% | -14.5% |
| EPS (diluted) | $-0.06 | $-0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $26.0M | $50.3M | ||
| Q3 25 | $27.3M | $52.2M | ||
| Q2 25 | $26.7M | $60.4M | ||
| Q1 25 | $27.1M | $40.2M | ||
| Q4 24 | $28.4M | $58.6M | ||
| Q3 24 | $29.7M | $60.1M | ||
| Q2 24 | $30.8M | $46.8M | ||
| Q1 24 | $31.2M | $45.1M |
| Q4 25 | $-7.3M | $-2.6M | ||
| Q3 25 | $-8.3M | $-4.2M | ||
| Q2 25 | $-7.9M | $-2.7M | ||
| Q1 25 | $-21.4M | $-4.8M | ||
| Q4 24 | $-8.5M | $-2.2M | ||
| Q3 24 | $-15.6M | $-7.0M | ||
| Q2 24 | $-21.0M | $-12.8M | ||
| Q1 24 | $-7.6M | $-13.2M |
| Q4 25 | 59.4% | — | ||
| Q3 25 | 60.9% | — | ||
| Q2 25 | 59.9% | — | ||
| Q1 25 | 62.8% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 61.0% | — | ||
| Q2 24 | 64.2% | — | ||
| Q1 24 | 64.7% | — |
| Q4 25 | -27.9% | -1.9% | ||
| Q3 25 | -30.5% | -0.6% | ||
| Q2 25 | -29.2% | 4.8% | ||
| Q1 25 | -78.9% | -17.2% | ||
| Q4 24 | -29.9% | 2.6% | ||
| Q3 24 | -52.4% | -0.6% | ||
| Q2 24 | -68.0% | -16.4% | ||
| Q1 24 | -24.0% | -16.7% |
| Q4 25 | -28.1% | -5.1% | ||
| Q3 25 | -30.5% | -8.0% | ||
| Q2 25 | -29.5% | -4.4% | ||
| Q1 25 | -79.1% | -11.8% | ||
| Q4 24 | -30.0% | -3.8% | ||
| Q3 24 | -52.6% | -11.7% | ||
| Q2 24 | -68.2% | -27.4% | ||
| Q1 24 | -24.2% | -29.4% |
| Q4 25 | $-0.06 | $-0.11 | ||
| Q3 25 | $-0.08 | $-0.18 | ||
| Q2 25 | $-0.08 | $-0.12 | ||
| Q1 25 | $-0.21 | $-0.21 | ||
| Q4 24 | $-0.09 | $-0.11 | ||
| Q3 24 | $-0.15 | $-0.31 | ||
| Q2 24 | $-0.20 | $-0.57 | ||
| Q1 24 | $-0.07 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $30.6M | $10.5M |
| Total DebtLower is stronger | — | $185.1M |
| Stockholders' EquityBook value | $607.0M | $-18.2M |
| Total Assets | $892.9M | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.6M | $10.5M | ||
| Q3 25 | $31.4M | $8.1M | ||
| Q2 25 | $29.4M | $9.1M | ||
| Q1 25 | $30.2M | $5.9M | ||
| Q4 24 | $41.1M | $12.4M | ||
| Q3 24 | $40.9M | $10.1M | ||
| Q2 24 | $30.2M | $9.3M | ||
| Q1 24 | $34.2M | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $607.0M | $-18.2M | ||
| Q3 25 | $615.3M | $-12.1M | ||
| Q2 25 | $624.7M | $-7.7M | ||
| Q1 25 | $633.4M | $-8.1M | ||
| Q4 24 | $655.9M | $-4.4M | ||
| Q3 24 | $665.4M | $1.6M | ||
| Q2 24 | $682.1M | $6.5M | ||
| Q1 24 | $703.9M | $18.0M |
| Q4 25 | $892.9M | $434.9M | ||
| Q3 25 | $901.0M | $435.2M | ||
| Q2 25 | $903.2M | $438.1M | ||
| Q1 25 | $916.4M | $441.0M | ||
| Q4 24 | $946.9M | $471.0M | ||
| Q3 24 | $981.5M | $495.7M | ||
| Q2 24 | $1.0B | $494.9M | ||
| Q1 24 | $1.0B | $494.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.8M | $4.3M |
| Free Cash FlowOCF − Capex | $-12.7M | $4.1M |
| FCF MarginFCF / Revenue | -48.6% | 8.2% |
| Capex IntensityCapex / Revenue | 63.0% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-25.3M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $4.3M | ||
| Q3 25 | $8.3M | $295.0K | ||
| Q2 25 | $-2.9M | $1.6M | ||
| Q1 25 | $-5.5M | $-7.7M | ||
| Q4 24 | $9.0M | $8.0M | ||
| Q3 24 | $14.5M | $1.3M | ||
| Q2 24 | $-648.0K | $-10.4M | ||
| Q1 24 | $-7.1M | $-2.8M |
| Q4 25 | $-12.7M | $4.1M | ||
| Q3 25 | $3.0M | $-246.0K | ||
| Q2 25 | $-5.7M | $1.2M | ||
| Q1 25 | $-9.9M | $-8.0M | ||
| Q4 24 | $-16.2M | $7.0M | ||
| Q3 24 | $8.6M | $-1.1M | ||
| Q2 24 | $-5.1M | $-10.6M | ||
| Q1 24 | $-15.8M | $-4.7M |
| Q4 25 | -48.6% | 8.2% | ||
| Q3 25 | 11.0% | -0.5% | ||
| Q2 25 | -21.5% | 1.9% | ||
| Q1 25 | -36.7% | -19.8% | ||
| Q4 24 | -57.2% | 12.0% | ||
| Q3 24 | 29.1% | -1.8% | ||
| Q2 24 | -16.7% | -22.7% | ||
| Q1 24 | -50.8% | -10.4% |
| Q4 25 | 63.0% | 0.3% | ||
| Q3 25 | 19.4% | 1.0% | ||
| Q2 25 | 10.7% | 0.6% | ||
| Q1 25 | 16.4% | 0.6% | ||
| Q4 24 | 88.9% | 1.7% | ||
| Q3 24 | 19.6% | 4.0% | ||
| Q2 24 | 14.6% | 0.5% | ||
| Q1 24 | 28.1% | 4.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSP
Segment breakdown not available.
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
