Franklin Street Properties Corp. Price & Performance (FSP)

The Canberra real estate market showcased mixed performance in the week ending March 22, with a combination of successful sales and properties that remained unsold. Recent auction outcomes highlight variability in buyer demand, reflecting broader trends in the Australian property market. Analysts suggest ongoing economic factors may influence future activity.1

Moody's recently downgraded Franklin Street Properties' ratings, citing increased earnings volatility and dependency on asset sales to meet debt obligations. While the REIT's leverage remains relatively low, the shrinking portfolio and challenging market conditions for office properties raise concerns about the company's ability to stabilize its financial health.2

Virgin Galactic's stock performance continues to struggle, with shares hitting a 1-year low of $2.93. Institutional investors, including Rhumbline Advisers, have adjusted their holdings, reflecting cautious sentiment. Analysts maintain a mixed outlook, as the company navigates challenges in the commercial spaceflight sector and broader market pressures.3