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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
PAY VERSUS PERFORMANCE
The following table reports the compensation of our Principal Executive Officer (PEO) and the average compensation of the other Named Executive Officers (Other NEOs) as reported in the Summary Compensation Table for the past three fiscal years, as well as their “compensation actually paid” as calculated pursuant to the SEC’s pay versus performance rules and certain performance measures required by such rules.
Value of Initial Fixed $100
Investment Based on:
Year(1)
Summary
Compensation
Table Total for

PEO
Compensation
Actually Paid
to PEO
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
Average
Compensation
Actually Paid
to Non-PEO
NEOs
FSP’s Total
Stockholder
Return
Peer Group
Total
Stockholder
Return
(2)
Net Income
Debt
Repaid
(3)
2022 $ 306,000 $ 306,000 $ 674,773 $ 674,773 $ 40.20 $ 62.07 $ 1,094,000 $ 152,000,000
2021 $ 806,000 $ 806,000 $ 753,326 $ 753,326 $ 84.25 $ 99.51 $ 92,717,000 $ 540,000,000
2020 $ 306,000 $ 306,000 $ 724,708 $ 724,708 $ 54.63 $ 81.56 $ 32,615,000 $ 151,500,000
(1)
For all years, Mr. George J. Carter served as our PEO and Mr. John G. Demeritt, Mr. Jeffrey B. Carter, Mr. Scott H. Carter and Mr. John F. Donahue served as the Other NEOs.
(2)
For all years, the peer group is the FTSE NAREIT Equity Office Index.
(3)
While our Compensation Committee employs a subjective approach to the consideration of various measures of corporate performance, for 2022, the Company identified the amount of debt repaid as the most important financial performance measure used to link the compensation actually paid to the PEO and the Other NEOs for 2022 to the Company’s performance. The amount of debt repaid is calculated from the Company’s Consolidated Statements of Cash Flows by adding “Repayment of term loans payable” to “Repayments of bank note payable”.
(4)
The following table lists the seven most important financial performance measures used by the Company to link compensation actually paid to the PEO and the Other NEOs in 2022 to the Company’s performance:
Debt repaid
Gross proceeds from property dispositions
Amount (and terms) of space leased
Funds from operations (FFO)
Dividends paid
Total stockholder return
Estimated net asset value
(5)
In the “Compensation Discussion and Analysis” section of this Proxy Statement, we provide greater detail on the elements of our executive compensation program and our compensation philosophy. We believe the Company’s executive compensation program and the executive compensation decisions included in the 2022 Summary Compensation Table and related disclosures appropriately reward our PEO and the Other NEOs for Company and individual performance, assist the Company in retaining our senior leadership team and support long-term value creation for our stockholders.
   
Company Selected Measure Name Debt Repaid    
Named Executive Officers, Footnote [Text Block]
(1)
For all years, Mr. George J. Carter served as our PEO and Mr. John G. Demeritt, Mr. Jeffrey B. Carter, Mr. Scott H. Carter and Mr. John F. Donahue served as the Other NEOs.
   
Peer Group Issuers, Footnote [Text Block]
(2)
For all years, the peer group is the FTSE NAREIT Equity Office Index.
   
PEO Total Compensation Amount $ 306,000 $ 806,000 $ 306,000
PEO Actually Paid Compensation Amount 306,000 806,000 306,000
Non-PEO NEO Average Total Compensation Amount 674,773 753,326 724,708
Non-PEO NEO Average Compensation Actually Paid Amount $ 674,773 753,326 724,708
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
[MISSING IMAGE: bc_totalstockholder-4c.jpg]
   
Compensation Actually Paid vs. Net Income [Text Block]
[MISSING IMAGE: bc_netincome-4c.jpg]
   
Tabular List [Table Text Block]
(4)
The following table lists the seven most important financial performance measures used by the Company to link compensation actually paid to the PEO and the Other NEOs in 2022 to the Company’s performance:
Debt repaid
Gross proceeds from property dispositions
Amount (and terms) of space leased
Funds from operations (FFO)
Dividends paid
Total stockholder return
Estimated net asset value
   
Total Shareholder Return Amount $ 40.2 84.25 54.63
Peer Group Total Shareholder Return Amount 62.07 99.51 81.56
Net Income (Loss) $ 1,094,000 $ 92,717,000 $ 32,615,000
Company Selected Measure Amount 152,000,000 540,000,000 151,500,000
PEO Name Mr. George J. Carter    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Debt repaid    
Non-GAAP Measure Description [Text Block]
(3)
While our Compensation Committee employs a subjective approach to the consideration of various measures of corporate performance, for 2022, the Company identified the amount of debt repaid as the most important financial performance measure used to link the compensation actually paid to the PEO and the Other NEOs for 2022 to the Company’s performance. The amount of debt repaid is calculated from the Company’s Consolidated Statements of Cash Flows by adding “Repayment of term loans payable” to “Repayments of bank note payable”.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Gross proceeds from property dispositions    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Amount (and terms) of space leased    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Funds from operations (FFO)    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Dividends paid    
Measure [Axis]: 6      
Pay vs Performance Disclosure [Table]      
Measure Name Total stockholder return    
Measure [Axis]: 7      
Pay vs Performance Disclosure [Table]      
Measure Name Estimated net asset value