FSP
Franklin Street PropertiesADocument history
Earnings documents stored for FSP.
Investor releaseQuarter not tagged2026-04-29Franklin Street: Q1 Earnings Snapshot
Associated Press
Franklin Street: Q1 Earnings Snapshot
WAKEFIELD, Mass. (AP) — WAKEFIELD, Mass. (AP) — Franklin Street Properties Corp. (FSP) on Tuesday reported a key measure of profitability in its first quarter. The Wakefield, Massachusetts-based real estate investment trust said it had funds from operations of $1.2 million, or 1 cent per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had a loss of $9.5 million, or 9 cents per share. The hybrid real estate investment trust, based in Wakefield, Massachusetts, posted revenue of $26.2 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSP at https://www.zacks.com/ap/FSP
Investor releaseQuarter not tagged2026-04-29Franklin Street Properties Corp. Announces First Quarter 2026 Results
Business Wire
Franklin Street Properties Corp. Announces First Quarter 2026 Results
WAKEFIELD, Mass., April 28, 2026--(BUSINESS WIRE)--Franklin Street Properties Corp. (the "Company", "FSP", "we" or "our") (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the three months ended March 31, 2026. George J. Carter, Chairman and Chief Executive Officer, commented as follows: "As we move through 2026, our focus remains squarely on maximizing value for our shareholders through a comprehensive and disciplined evaluation of strategic alternatives. To further support this effort, we have expanded our strategic review process to include both BofA Securities and JLL Real Estate Investment Banking as co-financial advisors. We believe this enhanced framework strengthens our ability to source, evaluate, and execute on a wide range of potential opportunities, including corporate transactions, portfolio level transactions, individual asset sales, and other strategic initiatives. By combining BofA Securities’ extensive capital markets expertise and global reach with JLL’s deep property level expertise, owner user connectivity, and experience across both asset level execution and mergers and acquisitions, we are broadening our ability to identify and pursue the most compelling outcomes for our shareholders. Importantly, our recent refinancing of our outstanding debt has provided the Company with increased flexibility, allowing us to avoid making forced or rushed decisions and instead pursue strategic initiatives in a disciplined and thoughtful manner. This position allows us to act opportunistically as market conditions evolve and as attractive opportunities emerge. The capital markets environment for office assets remains uneven. Transaction volume continues to be below historical levels, with constrained liquidity and limited participation from traditional institutional investors. Buyer activity remains more heavily weighted toward private, opportunistic, and non-traditional capital, and pricing in many cases continues to reflect these dynamics rather than the underlying long-term value of institutional quality assets. That said, we believe we are beginning to observe early signs of stabilization, which may represent the initial stages of a broader recovery over time. We also want to report that we have entered into an Inspection and Confidentiality Agreement with a potential owner user for our Greenwood Plaza property a...
Investor releaseQuarter not tagged2026-04-25Franklin Street Properties Corp. to Announce First Quarter 2026 Results
Business Wire
Franklin Street Properties Corp. to Announce First Quarter 2026 Results
WAKEFIELD, Mass., April 24, 2026--(BUSINESS WIRE)--Franklin Street Properties Corp. (the "Company" or "FSP") (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the first quarter 2026 after the market closes on Tuesday, April 28, 2026. The Company will not be holding a conference call/webcast this quarter. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts. About Franklin Street Properties Corp. Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.fspreit.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260424624843/en/ Contacts For Franklin Street Properties Corp. Georgia Touma, 877-686-9496
Investor releaseQuarter not tagged2026-03-11Franklin Street Properties Corp (FSP) Q4 2025 Earnings Call Highlights: Strategic Refinancing ...
GuruFocus.com
Franklin Street Properties Corp (FSP) Q4 2025 Earnings Call Highlights: Strategic Refinancing ...
This article first appeared on GuruFocus. Release Date: March 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Franklin Street Properties Corp (FSP) successfully refinanced its credit facility, addressing near-term debt maturity and simplifying its capital structure. The new credit facility includes up to $45 million of delayed draw term loans for tenant improvements and leasing commissions, supporting the company's leasing strategy. The refinancing removes uncertainty, allowing FSP to evaluate strategic alternatives without immediate capital structure constraints. FSP reduced general and administrative expenses by approximately $1.5 million in 2025, demonstrating disciplined cost management. The company remains focused on improving leasing performance and occupancy across its portfolio, maintaining financial flexibility, and exploring strategic alternatives to enhance shareholder value. Franklin Street Properties Corp (FSP) has suspended its quarterly dividend to preserve capital, which may disappoint income-focused investors. The office real estate market is experiencing reduced transaction liquidity, impacting asset value realization and market sentiment. Debt availability for office assets remains constrained, requiring higher equity requirements and affecting property pricing levels. The company faces challenges in markets like Denver and Minneapolis, where distressed transactions and external factors have influenced market conditions. Leasing activity remains below historical averages, reflecting ongoing challenges in the office sector and affecting transaction liquidity. Warning! GuruFocus has detected 4 Warning Signs with FSP. Is FSP fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an update on the strategic alternatives review process? A: George Carter, CEO, explained that the Board of Directors, with the help of Bank of America Securities, is actively evaluating potential strategic alternatives to maximize shareholder value. These include portfolio transactions, asset sales, joint ventures, corporate transactions, potential liquidation, and refinancing options. The recent refinancing of the credit facility was part of this process. The Board remains committed to a disciplined evaluation of opportunities as market conditions evolve. Q: What are the details o...
Investor releaseQuarter not tagged2026-03-10Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2025 Results
Business Wire
Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2025 Results
WAKEFIELD, Mass., March 09, 2026--(BUSINESS WIRE)--Franklin Street Properties Corp. (the "Company", "FSP", "we" or "our") (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the fourth quarter and the year ended December 31, 2025. George J. Carter, Chairman and Chief Executive Officer, commented as follows: "As previously announced on February 27, 2026, the Company closed a $320 million secured credit facility with an affiliate of TPG Credit. The Company repaid in full all of its then outstanding approximately $249 million aggregate principal amount of indebtness with borrowings under the facility. The facility has an original stated maturity of February 26, 2029, subject to potential extension of up to one year at the option of the Company, subject to certain conditions. The facility includes up to $45 million of delayed draw term loans, which, subject to certain conditions, will be used to fund tenant improvements, leasing commissions, building improvements and other uses approved by the lender. FSP continues to maintain its focus on trying to improve leasing and occupancy across our portfolio. Nationally, the overall office sector continues to face headwinds from capital markets volatility and evolving workplace dynamics, but we have recently seen some encouraging signs of stabilization and "return-to-office" trends in many cities across the United States. While overall leasing volume within the FSP portfolio during the year ended December 31, 2025 has been modest, we have seen more signs of improved tenant activity in our markets. National office vacancy rates have finally declined slightly for the first time since early 2019. Importantly, we are also seeing and competing for a greater number of larger potential lease transactions at our properties. More prospective tenants are in the market seeking to expand their office space footprints. The increased demand from these prospective tenants is pushing up against a reduced supply of office space from a lack of new development and inventory removal. Now that our near-term debt maturity has been addressed and while leasing and property operations are ongoing, we are continuing our review of potential strategic alternatives. Our Board of Directors and management team remain deeply committed to continuing to explore ways to maximize shareholder value. We believe that success...
Investor releaseQuarter not tagged2026-03-10Franklin Street: Q4 Earnings Snapshot
Associated Press Finance
Franklin Street: Q4 Earnings Snapshot
WAKEFIELD, Mass. (AP) — WAKEFIELD, Mass. (AP) — Franklin Street Properties Corp. (FSP) on Monday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Wakefield, Massachusetts, said it had funds from operations of $3.4 million, or 3 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had a loss of $7.3 million, or 7 cents per share. The hybrid real estate investment trust, based in Wakefield, Massachusetts, posted revenue of $26 million in the period. For the year, the company reported funds from operations of $11 million. Revenue was reported as $107.2 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSP at https://www.zacks.com/ap/FSP
TranscriptFY2025 Q42026-03-10FY2025 Q4 earnings call transcript
Earnings source - 16 paragraphs
FY2025 Q4 earnings call transcript
Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the Franklin Street Properties Corp. Fourth Quarter and Full Year 2025 Results. I will now turn the call over to Scott Carter, General Counsel. Scott, please go ahead.
Good morning, and welcome to the Franklin Street Properties Fourth Quarter 2025 Earnings call. Joining me this morning is George J. Carter, our Chief Executive Officer. Please note that various remarks that we may make about future expectations, plans, and prospects for the company may constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Risk Factors section of our annual report on Form 10-K for the year ended December 31, 2025, as amended by our quarterly reports on Form 10-Q, which are on file with the SEC. In addition, these forward-looking statements represent the company's expectations only as of today, March 10, 2026.
While the company may elect to update these forward-looking statements, it specifically disclaims any obligation to do so. Any forward-looking statements should not be relied upon as representing the company's estimates or views as of any date subsequent to today. At times during this call, we may refer to funds from operations or FFO. Reconciliations of FFO and other non-GAAP financial measures to GAAP net income are contained in yesterday's press release, which is available in the Investor Relations section of our website at www.fspreit.com. Now I will turn the call over to George J. Carter. George.
Thank you, Scott. Good morning, and thank you all for joining us today. As many of you know, Franklin Street Properties has not been conducting traditional quarterly earnings calls over the past several quarters, given that the company continues to be engaged in an ongoing review of potential strategic alternatives under the advisory of BofA Securities. We have generally limited our public commentary to our written earnings releases and required SEC disclosures. However, we felt it would be helpful to provide investors with a little more color and a brief update, not on our quarterly or full-year financial and operating results. The written earnings press release and 10-K details that information well enough. Rather on our ongoing review of the company's potential strategic alternative process, the recent refinancing of our debt, and the current transactional capital markets environment for office real estate investment.
As is customary during a strategic review process, today's remarks will be relatively brief, and we will not be taking questions. In addition, Janney, which provided research coverage of FSP in prior years, has exited its capital markets business, including its equity research platform. I will start with a brief update of the company's review of potential strategic alternatives, which we began in May 2025. Our board of directors continues to work closely with our financial advisor, BofA Securities, in evaluating potential strategic alternatives intended to try to maximize shareholder value. The alternatives the board has examined in depth have included portfolio level transactions, individual asset sales, joint venture structures, corporate level transactions, potential liquidation scenarios, and refinancing alternatives.
As we have disclosed previously, the refinancing of our credit facility that we completed recently was one such alternative evaluated as part of this process. The board remains actively engaged in evaluating opportunities and alternatives and continues to assess them carefully in light of evolving market conditions. The board's objective throughout this process is straightforward, to evaluate alternatives that may maximize shareholder value while carefully considering current market conditions. The board remains committed to conducting this process in a disciplined manner and evaluating opportunities as market conditions evolve. As is customary with strategic reviews of this nature, no assurances can be provided regarding the outcome or timing of the process. As previously announced on February 27, 2026. The company closed a $320 million secured credit facility with an affiliate of TPG Credit.
Borrowings under this facility were used to repay in full the approximately $249 million of outstanding indebtedness under our prior credit facility. The new facility has an initial maturity of February 26, 2029, with the potential for an additional 1-year extension at the option of the company, subject to certain conditions. Importantly, the facility also includes up to $45 million of delayed draw term loans, which may be used to fund tenant improvements, leasing commissions, building improvements, and other uses approved by the lender. This refinancing accomplished several important objectives. First, it addressed our near-term debt maturity, which had been scheduled for April of this year. Second, it simplified our capital structure, replacing a large syndicated lending group that included multiple lenders with a single institutional lender that has significant experience in real estate and real estate credit markets.
Third, the additional leasing capital provides us with resources to continue executing our leasing strategy across the portfolio. Importantly, resolving this near-term debt maturity removes a source of uncertainty that could have complicated strategic discussions with potential counterparties. The company can now continue evaluating strategic alternatives without the pressure of an immediate capital structure constraint. The company is also announcing today that the board of directors has determined to suspend the payment of quarterly dividends. This was a thoughtful decision by the board intended to preserve capital and enhance financial flexibility. Suspending the dividend is expected to preserve approximately $4.1 million in cash annually, which can be redeployed into leasing efforts and other initiatives designed to enhance the value of our real estate portfolio. The board will reassess the dividend policy on a quarterly basis.
Additionally, disciplined cost management remains a priority for 2026 as we continue to evaluate strategic alternatives. In 2025, we reduced G&A by approximately $1.5 million, or about 10%, declining from $13.9 million in 2024 to $12.4 million in 2025. Beyond our company's specific developments, we believe it is important to provide some perspective on the current transactional capital markets environment for office real estate. Over the past several years, the office sector has experienced a significant shift in capital market conditions driven by two primary factors. First, the rapid increase in interest rates beginning in 2022. Second, a meaningful reduction in institutional capital allocation to the office sector as many investors reassessed allocations to office. These forces have had a substantial impact on the transaction liquidity across the office market.
Importantly, reduced transaction liquidity does not necessarily eliminate asset value, but it can materially affect the ability of markets to reflect that value in observable transactions at a particular point in time. Prior to the pandemic, annual office transaction volume in the United States averaged approximately $140-$150 billion per year. In recent years, that figure has declined meaningfully. Today, national office transaction volume is running closer to $80-$90 billion annually, representing a substantial reduction in overall market liquidity. When transaction volumes decline to that degree, several dynamics emerge. The buyer pool becomes smaller and more selective. In addition, many traditional institutional investors that historically participated in the office sector have remained on the sidelines while reassessing long-term allocation strategies.
For the smaller pool of buyers that does exist, return expectations on office investments increase, and a higher proportion of transactions occur in distressed or capital-impaired situations. Another important dynamic affecting transaction activity today is debt availability for office assets. Financing for office transactions remains significantly more constrained than it was prior to 2022. Particularly for assets that are not fully stabilized. In many cases, lenders are requiring materially lower leverage levels or additional structural protections compared with prior cycles. As a result, many transactions today are being completed either with significant higher equity requirements or with opportunistic capital, which naturally leads to higher return thresholds and lower property pricing levels. In contrast, the traditional institutional buyer base that historically supported a large portion of office transaction volume often relied on financing markets that have not yet fully normalized.
Today's buyer universe tends to consist primarily of opportunistic capital, private equity funds targeting higher IRR thresholds, and investors able to transact with limited leverage, which represents a materially different capital base than what historically supported the office market. Also, distressed transactions can exert a disproportionate influence on pricing benchmarks, particularly when overall transaction activity is limited. As a result, pricing in thin markets can sometimes reflect capital scarcity at that moment in time, rather than the long-term operating economics of the underlying real estate. We have seen these dynamics play out very clearly in certain FSP markets where distressed transactions have occurred. For example, in Denver's CBD sub-market, several highly visible office transactions over the past two years have involved assets that were capital impaired or transferred through lender-related processes.
Those transactions have occurred at pricing levels significantly below historical replacement costs and prior market valuations, influencing broader market sentiment across the sub-market. Importantly, those situations often reflect capital structure challenges rather than underlying asset performance. In a lower liquidity environment, they can disproportionately influence pricing benchmarks across the market. In Minneapolis, the downtown office market has also faced several external challenges in recent years, including broader urban recovery issues following the pandemic and social and civic disruptions. Factors that have contributed to slower leasing velocity and reduced investor demand. While the broader market continues to show signs of stabilization, these kind of factors have contributed to slower leasing velocity and reduced investor demand, which in turn has affected transaction liquidity in the market. The markets in which Franklin Street Properties operates reflect many of these broader national dynamics.
Across markets such as Denver, Dallas, Houston, and Minneapolis, transaction activity has remained well below historical levels. At the same time, leasing markets in many of these regions have begun to show gradual signs of stabilization, particularly as companies continue to refine their return to office policies and long-term space requirements. Although leasing activity still remains below historical averages, these capital market conditions are an important part of the broader environment in which companies across the office sector are operating today. They influence the pace of transactions, the composition of the buyer universe, and the pricing dynamics that occur in the market. The FSP board and management remain committed to evaluating opportunities that may enhance and realize value for shareholders, while also understanding that any actions taken have to reflect the realities of the current capital markets environment.
The company remains open to pursuing transactions where market conditions allow values that we believe appropriately reflect the quality, location, and long-term economics of our assets. In closing, Franklin Street Properties remains focused on three priorities. First, continuing to improve leasing performance and occupancy across our portfolio. Second, maintaining financial flexibility and operational discipline, particularly following the successful refinancing of our credit facility. Third, continuing our review of strategic alternatives in order to explore opportunities that may increase shareholder value. We recognize that shareholders want progress and outcomes from this process, and we remain committed to evaluating all opportunities thoughtfully and responsibly as market conditions evolve. We remain focused on pursuing outcomes that reflect both the intrinsic value of our assets and the realities of the current capital markets environment. Thank you for joining us today and for your continued interest in Franklin Street Properties.
Ladies and gentlemen, this concludes today's call. Thank you all for joining. You may now disconnect.
Investor releaseQuarter not tagged2026-03-07Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2025 Results
Business Wire
Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2025 Results
WAKEFIELD, Mass., March 06, 2026--(BUSINESS WIRE)--Franklin Street Properties Corp. (the "Company" or "FSP") (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the fourth quarter and full year 2025 after the market closes on Monday, March 9, 2026. The Company will hold a conference call/webcast with the investment community to discuss the results at 10:00 AM ET on Tuesday morning, March 10, 2026. To access the call, please dial 800-715-9871 and use conference ID 5455485. Internationally, the call may be accessed by dialing 646-307-1963 and using conference ID 5455485. To listen via live audio webcast, please visit the Events & Presentations section in the Investor Relations section of the Company's website (www.fspreit.com) at least ten minutes prior to the start of the call and follow the posted directions. The webcast will also be available via replay from the above location starting one hour after the call is finished. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts. About Franklin Street Properties Corp. Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.fspreit.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260306130860/en/ Contacts For Franklin Street Properties Corp. Georgia Touma, 877-686-9496
Investor releaseQuarter not tagged2026-01-09Franklin Street Properties Corp. Declares Quarterly Dividend
Business Wire
Franklin Street Properties Corp. Declares Quarterly Dividend
WAKEFIELD, Mass., January 09, 2026--(BUSINESS WIRE)--Franklin Street Properties Corp. ("FSP", "our" or "we") (NYSE American: FSP) announced today that its Board of Directors declared a quarterly dividend of $0.01 per share of common stock for the period October 1, 2025 through December 31, 2025, payable on February 12, 2026 to stockholders of record as of January 23, 2026. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts. About Franklin Street Properties Corp. Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.fspreit.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260109261341/en/ Contacts For Franklin Street Properties Corp. Georgia Touma, 877-686-9496
Investor releaseQuarter not tagged2025-10-29Franklin Street: Q3 Earnings Snapshot
Associated Press Finance
Franklin Street: Q3 Earnings Snapshot
WAKEFIELD, Mass. (AP) — WAKEFIELD, Mass. (AP) — Franklin Street Properties Corp. (FSP) on Tuesday reported a key measure of profitability in its third quarter. The real estate investment trust, based in Wakefield, Massachusetts, said it had funds from operations of $2.3 million, or 2 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had a loss of $8.3 million, or 8 cents per share. The hybrid real estate investment trust, based in Wakefield, Massachusetts, posted revenue of $27.3 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSP at https://www.zacks.com/ap/FSP
Investor releaseQuarter not tagged2025-10-29Franklin Street Properties Corp. Announces Third Quarter 2025 Results
Business Wire
Franklin Street Properties Corp. Announces Third Quarter 2025 Results
WAKEFIELD, Mass., October 28, 2025--(BUSINESS WIRE)--Franklin Street Properties Corp. (the "Company", "FSP", "we" or "our") (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the third quarter ended September 30, 2025. George J. Carter, Chairman and Chief Executive Officer, commented as follows: "FSP continues to maintain its focus on trying to improve leasing and occupancy across our portfolio. Nationally, the overall office sector continues to face headwinds from capital markets volatility and evolving workplace dynamics, but we have recently seen some encouraging signs of stabilization and "return-to-office" trends in many cities across the United States. While overall leasing volume within the FSP portfolio during the first nine months of 2025 has been modest, we have seen more signs of improved tenant activity in our markets. National office vacancy rates have finally declined slightly for the first time since early 2019. Importantly, we are also seeing and competing for a greater number of larger potential lease transactions at our properties. More prospective tenants are in the market seeking to expand their office space footprints. The increased demand from these prospective tenants is pushing up against a reduced supply of office space from a lack of new development and inventory removal. While leasing and property operations are ongoing, our Board of Directors continues to work with our financial advisor, BofA Securities, on our ongoing strategic review process. The process has been robust and comprehensive, with a wide range of strategic alternatives considered to explore ways to maximize shareholder value." Financial Highlights GAAP net loss was $8.3 million and $37.6 million, or $0.08 and $0.36 per basic and diluted share for the three and nine months ended September 30, 2025, respectively. Funds From Operations (FFO) was $2.3 million and $7.6 million, or $0.02 and $0.07 per basic and diluted share, for the three and nine months ended September 30, 2025, respectively. Leasing Highlights During the nine months ended September 30, 2025, we leased approximately 274,000 square feet of space of which approximately 219,000 were from renewals and expansions of existing tenants. Our directly-owned real estate portfolio of 14 properties, totaling approximately 4.8 million square feet, was approximately 68.9% leased as...
Investor releaseQuarter not tagged2025-10-22Franklin Street Properties Corp. to Announce Third Quarter 2025 Results
Business Wire
Franklin Street Properties Corp. to Announce Third Quarter 2025 Results
WAKEFIELD, Mass., October 21, 2025--(BUSINESS WIRE)--Franklin Street Properties Corp. (the "Company" or "FSP") (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the third quarter 2025 after the market closes on Tuesday, October 28, 2025. The Company will not be holding a conference call/webcast this quarter. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts. About Franklin Street Properties Corp. Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.fspreit.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20251021494825/en/ Contacts For Franklin Street Properties Corp. Georgia Touma, 877-686-9496