Welcome to our dedicated page for Franklin St Prop news (Ticker: FSP), a resource for investors and traders seeking the latest updates and insights on Franklin St Prop stock.
Franklin Street Properties Corp (NYSE: FSP) delivers institutional-quality office property insights through this centralized news hub. Track the REIT's latest developments in urban infill markets and central business districts across key U.S. metros including Atlanta, Dallas, and Minneapolis.
Investors and analysts will find timely updates on leasing activity, property acquisitions, and portfolio optimization strategies. Our curated collection includes earnings announcements, operational milestones, and market positioning updates essential for understanding FSP's value-driven approach to commercial real estate.
All content undergoes rigorous verification to ensure compliance with financial reporting standards. Bookmark this page for direct access to FSP's official communications and third-party analyses of its asset management performance in dynamic office property markets.
Franklin Street Properties (NYSE American: FSP) reported its Q1 2025 results, showing a GAAP net loss of $21.4 million ($0.21 per share) and Funds From Operations of $2.7 million ($0.03 per share).
Key highlights:
- Portfolio occupancy decreased to 69.2% from 70.3% in December 2024
- Leased approximately 60,000 square feet through renewals and expansions
- Average rent increased 3.4% to $29.64 per square foot
- Total debt stands at $250 million, down 75% since December 2020
- Quarterly dividend declared at $0.01 per share
The company is actively marketing about one million square feet for potential disposition, focusing on two main objectives: improving occupancy and pursuing select property sales. FSP maintains a portfolio of 14 properties totaling 4.8 million square feet, primarily in the Sunbelt and Mountain West regions.
Franklin Street Properties (NYSE American: FSP), a real estate investment trust (REIT), has scheduled its first quarter 2025 earnings release for Tuesday, April 29, 2025, after market close. The company will host a conference call and webcast with investors on Wednesday, April 30, 2025, at 11:00 AM ET.
Participants can join the call by dialing 888-440-4368 (US) or 646-960-0856 (International) using conference ID 5398803. A live webcast will be available in the Webcasts & Presentations section of FSP's website, with a replay accessible one hour after the call concludes.
Franklin Street Properties (NYSE American: FSP) has declared a quarterly dividend of $0.01 per share of common stock for Q1 2025. The dividend covers the period from January 1, 2025, through March 31, 2025.
Shareholders recorded as of April 17, 2025, will receive the dividend payment on May 8, 2025.
Franklin Street Properties Corp. (FSP) reported its Q4 and full-year 2024 results, marking significant developments in its portfolio management. The company leased approximately 252,000 square feet in Q4 within its 4.8 million square foot portfolio. FSP completed the sale of Pershing Park Plaza in Atlanta for $34 million and used $27.4 million to reduce debt.
Key financial results include a GAAP net loss of $8.5 million ($0.08 per share) for Q4 and $52.7 million ($0.51 per share) for the full year. The portfolio's occupancy decreased to 70.3% from 74.0% year-over-year. The weighted average GAAP base rent increased 8.2% to $30.06 per square foot.
Since December 2020, FSP's property dispositions have generated approximately $1.1 billion in gross proceeds, helping reduce total indebtedness by about 75% to $250 million. The company declared a quarterly dividend of $0.01 per share for Q4 2024.
Franklin Street Properties (NYSE American: FSP), a real estate investment trust (REIT), has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 11, 2025. The company will host a conference call and webcast with investors to discuss the results on Wednesday, February 12, 2025, at 11:00 AM ET.
Participants can access the call by dialing 888-440-4368 (US) or 646-960-0856 (International) using conference ID 5398803. A live audio webcast will be available in the Webcasts & Presentations section of FSP's website, with a replay option available one hour after the call concludes.
Franklin Street Properties (FSP) has disclosed the tax composition of its distributions for 2024. The company will make four quarterly distributions of $0.01 per share, totaling $0.04 per share for the year. The distributions are scheduled for February 15, May 9, August 8, and November 7, 2024.
According to the tax composition breakdown, the entire amount of these distributions ($0.04) will be classified as Return of Capital. There are no components categorized as ordinary dividends, qualified dividends, capital gain distributions, unrecaptured Section 1250 gains, or Section 199A distributions.
Franklin Street Properties (NYSE American: FSP) has declared a quarterly dividend of $0.01 per share of common stock for the period October 1, 2024 through December 31, 2024. The dividend will be payable on February 13, 2025 to stockholders of record as of January 24, 2025.
Franklin Street Properties (NYSE American: FSP) announced the appointment of Bruce J. Schanzer to its Board of Directors, effective November 27, 2024. Schanzer will also serve on the Audit Committee, bringing the total board size to eight directors, with seven being independent. The company has entered into a Cooperation Agreement with significant shareholders Converium Capital and Erez Asset Management, who will vote in favor of the Board's director nominees at the 2025 Annual Meeting. The agreement includes customary standstill and voting provisions.
Franklin Street Properties (NYSE American: FSP) reported Q3 2024 results with a GAAP net loss of $15.6 million ($0.15 per share). The company's Funds From Operations (FFO) was $2.7 million ($0.03 per share). FSP completed two significant property sales: Innsbrook in Virginia for $31 million and Pershing Park Plaza in Atlanta for $34 million, using proceeds to reduce debt to $250.3 million. The company's portfolio occupancy decreased to 70.4% from 74.0% at year-end 2023. FSP leased approximately 92,000 square feet in Q3, with weighted average rents increasing 10.9% to $29.94 per square foot. The Board declared a quarterly dividend of $0.01 per share.
Franklin Street Properties Corp. (FSP), a real estate investment trust (REIT) listed on NYSE American, has announced its plans to release third quarter 2024 results after market close on Tuesday, October 29, 2024. The company will host a conference call and webcast with investors on Wednesday, October 30, 2024, at 11:00 AM ET to discuss the results.
Participants can access the call by dialing 888-440-4368 (US) or 646-960-0856 (International) using conference ID 5398803. A live audio webcast will be available in the Webcasts & Presentations section of FSP's website. The webcast replay will be accessible from the same location one hour after the call concludes.
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