Franklin St Prop Stock Price, News & Analysis

Franklin Street Properties Corp. (FSP) has declared a quarterly dividend of $0.01 per share of common stock for the period January 1, 2023 to March 31, 2023. This dividend will be paid on May 11, 2023 to stockholders of record as of April 21, 2023. FSP focuses on infill and central business district office properties in the U.S. Sunbelt and Mountain West regions, targeting value-oriented investments. The corporation aims for long-term growth and current income, operating under the structure of a real estate investment trust (REIT).

Franklin Street Properties Corp. (NYSE American: FSP) has completed the sale of the property located at 50 Northwest Point in Elk Grove Village, Illinois, for gross proceeds of $29.1 million. The company anticipates recording a gain of approximately $8.4 million in Q1 2023 related to this sale. Proceeds from this transaction will primarily be utilized for debt reduction. The announcement underscores FSP's commitment to financial prudence and long-term growth strategies within the real estate market, specifically focusing on value-oriented investments in key U.S. regions.

Franklin Street Properties Corp. (FSP) reported its Q4 2022 and full-year results, showing a GAAP net loss of $2.9 million for Q4 and net income of $1.1 million for the year. Funds From Operations (FFO) totaled $10.5 million for Q4 and $41.3 million for the full year. The company repaid approximately $137 million in debt and leased 435,000 square feet during 2022. Looking forward, FSP plans to sell select properties and use proceeds for debt reduction. Future guidance on net income and FFO remains suspended due to economic uncertainty. A quarterly dividend of $0.01 per share was declared for Q4, payable on February 16, 2023.

Franklin Street Properties Corp. (FSP) announced that it will release its fourth quarter and full year 2022 results on February 14, 2023, after market close. A conference call/webcast is scheduled for February 15, 2023, at 11:00 AM ET to discuss these results. Investors can join the call by dialing 1-844-200-6205 (internationally 1-929-526-1599) with access code 758069. The results and additional information about FSP are available on their website.

Franklin Street Properties Corp. (FSP) announced the tax composition of its 2022 distributions. Shareholders are advised to consult their tax advisors regarding the specific tax treatment of these distributions. The press release includes details on the taxability of ordinary dividends, qualified dividends, and capital gain distributions. For 2022, the total distribution was $0.20 per share, with no taxable amounts or additional capital gains reported. The company focuses on real estate investments in U.S. Sunbelt and Mountain West regions and aims to qualify as a real estate investment trust (REIT).

Franklin Street Properties Corp. (FSP) announced a quarterly dividend of $0.01 per share for the period from October 1, 2022 to December 31, 2022. This dividend is payable on February 16, 2023 to stockholders who are on record as of January 27, 2023. FSP focuses on value-oriented investments in infill and central business district office properties across the U.S. Sunbelt and Mountain West regions, operating as a Real Estate Investment Trust (REIT).

Franklin Street Properties Corp. (FSP) reported third-quarter results for 2022, with GAAP net income of $17.2 million, or $0.17 per share. While seeking to enhance shareholder value through potential property sales and increased occupancy, FSP updated its full-year disposition guidance to $102.5 million to $200 million. This is lower than the previous estimate due to market volatility. The company plans to use proceeds for debt reduction and dividends. Additionally, occupancy decreased to 75.9% from 78.4% last year, and FSP is tracking significant interest from prospective tenants.

Franklin Street Properties Corp. (FSP), a real estate investment trust, announced its upcoming third-quarter 2022 results, set to be released after market close on November 1, 2022. A conference call/webcast for investors will be held on November 2, 2022, at 11:00 AM ET to discuss the results. Investors can access the call via telephone or through a live audio webcast on the company’s website. FSP focuses on infill and central business district office properties across the U.S. with an emphasis on long-term growth and income.

Franklin Street Properties Corp. (FSP) has declared a quarterly dividend of $0.01 per share for the period from July 1, 2022 to September 30, 2022. This dividend is payable on November 10, 2022 to stockholders of record as of October 21, 2022. The company focuses on infill and central business district office properties in the U.S. Sunbelt and Mountain West regions, seeking long-term growth and current income as a real estate investment trust (REIT).