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Franklin Street Properties Corp. reports developments as a REIT focused on commercial office real estate and real estate operations. News commonly covers operating and financial results, leasing and property operations, property dispositions, common-stock dividends and annual distribution tax composition. Company updates also address capital-structure actions, including secured credit financing used to refinance outstanding indebtedness, and governance or strategic-review matters at the portfolio, asset and corporate levels.
FSP's business disclosures center on rental income from real estate leasing, office-market conditions, property-level investment needs, and services provided through subsidiaries, including asset management, property management, property accounting, investor services and development services for its portfolio and Sponsored REIT activities.
Franklin Street Properties Corp (NYSE American: FSP) said its Board declared a quarterly dividend of $0.01 per share for the period October 1, 2025 through December 31, 2025. The dividend is payable on February 12, 2026 to holders of record as of January 23, 2026. Investors can find this release and other investor information in the company's Investor Relations section and may sign up for E-mail Alerts for timely postings.
Franklin Street Properties Corp (NYSE: FSP) updated investors on its ongoing review of strategic alternatives, a process the Board began on May 14, 2025 to explore ways to maximize shareholder value. The review remains active and may include a sale of the company, asset sales, or a refinancing of existing indebtedness.
BofA Securities is acting as financial advisor. Management said FSP is in active negotiations with a potential lender to refinance all existing indebtedness but provided no timetable or assurances on outcomes.
Franklin Street Properties Corp. (NYSE: FSP) reported results for the quarter ended September 30, 2025, showing a GAAP net loss of $8.3M for the quarter and $37.6M year-to-date (loss per share $0.08 and $0.36). FFO was $2.3M for the quarter and $7.6M YTD (FFO per share $0.02 and $0.07). Rental revenue fell versus prior periods and the company suspended 2025 Net Income/FFO/disposition guidance due to economic and disposition timing uncertainty. Portfolio leasing activity included ~274,000 sq ft leased YTD (219,000 sq ft renewals/expansions) and portfolio occupancy was 68.9% as of Sept 30, 2025. The Board continues a strategic review with BofA Securities. A quarterly cash dividend of $0.01 was declared, payable Nov 6, 2025.
Franklin Street Properties Corp (NYSE American: FSP) expects to release its third quarter 2025 results after market close on Tuesday, October 28, 2025. The company said it will not hold a conference call or webcast this quarter.
Investors can find the press release and other updates in the Investor Relations section at www.fspreit.com. The company encourages investors to check that section regularly and to sign up for E-mail Alerts to receive news as soon as it is posted.
Franklin Street Properties Corp (NYSE American: FSP) announced a quarterly cash dividend of $0.01 per common share for the period July 1, 2025 through September 30, 2025. The dividend is payable on November 6, 2025 to shareholders of record as of October 17, 2025. The company posts this and other investor information on its website and invites investors to sign up for e-mail alerts for timely updates.
Franklin Street Properties (NYSE American: FSP) reported Q2 2025 results, with a GAAP net loss of $7.9 million ($0.08 per share) and FFO of $2.5 million ($0.02 per share). The REIT's portfolio of 14 properties, totaling 4.8 million square feet, saw its occupancy decrease to 69.1% from 70.3% at year-end 2024.
The company leased approximately 187,000 square feet during H1 2025, with 171,000 from renewals and expansions. The weighted average GAAP base rent increased by 4.2% to $31.89 per square foot. FSP continues its strategic review with BofA Securities, exploring options including potential sale or refinancing, while maintaining a quarterly dividend of $0.01 per share.
Total indebtedness stands at $249.8 million, equivalent to $52 per square foot. The company remains focused on improving leasing and occupancy, particularly in key markets like Minneapolis, where potential "back-to-office" initiatives could positively impact occupancy.
Franklin Street Properties (NYSE American: FSP), a real estate investment trust, has announced it will release its second quarter 2025 financial results after market close on Tuesday, July 29, 2025. The company noted that it will not hold a conference call or webcast for this quarter's results.
Investors can access the earnings release and other company information through FSP's website at www.fspreit.com, particularly in the Investor Relations section. The company encourages investors to sign up for E-mail Alerts to receive automatic updates about important company news.
Franklin Street Properties (NYSE American: FSP) has declared a quarterly dividend of $0.01 per share for Q2 2025. The dividend will be paid on August 14, 2025 to stockholders of record as of July 25, 2025. The dividend covers the period from April 1, 2025, through June 30, 2025.
Franklin Street Properties Corp. (NYSE American: FSP) has announced that its Board of Directors has initiated a strategic review process to maximize shareholder value. The company is exploring various alternatives, including a potential sale of the company, asset sales, and refinancing of existing debt.
Chairman and CEO George J. Carter stated that FSP's current share price does not adequately reflect the underlying value of their real estate portfolio. The company has engaged BofA Securities as its financial advisor for the review process. FSP has not provided a specific timeline for completion and will not make further public comments until the process concludes.
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.