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. (FSP) is a Maryland-incorporated real estate investment trust (REIT) that focuses on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. This news page aggregates company announcements, earnings releases, and other public communications related to FSP’s operations and strategy.
Readers can use this page to follow Franklin Street Properties Corp.’s regular updates on quarterly financial results, leasing activity, and portfolio performance. The company’s earnings releases discuss metrics such as GAAP net loss, Funds From Operations (FFO), Adjusted Funds From Operations (AFFO), leasing volumes, leased percentages across its office portfolio, and weighted average GAAP base rents per square foot. These disclosures provide insight into how the company’s office properties are performing and how management views trends in occupancy and rent levels.
News items also cover Franklin Street Properties Corp.’s capital allocation decisions, including announcements of quarterly cash dividends on its common stock and disclosures about property dispositions and debt reduction. The company has reported using proceeds from select property sales primarily to repay indebtedness and has described efforts to improve its balance sheet while managing its office portfolio.
Another recurring theme in FSP’s news flow is its review of strategic alternatives. The company has announced that its Board of Directors is evaluating options such as a sale of the company, a sale of assets, and refinancing of existing indebtedness, with BofA Securities serving as financial advisor. Governance-related news, such as board appointments made under a cooperation agreement with certain stockholder parties, also appears in its current reports and press releases. Investors and analysts who follow office-focused REITs can monitor this page for Franklin Street Properties Corp.’s latest publicly released information and context around its portfolio, capital structure, and strategic review process.
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).
Franklin Street Properties Corp. (FSP) has completed the sale of two properties in Broomfield, Colorado, for a total of $102.5 million. The company expects to realize a gain of approximately $24 million in Q3 2022 from this transaction. Proceeds from the sale will primarily be used for debt reduction. The sale aligns with FSP's strategy focused on value-oriented investments and long-term growth. The company operates as a real estate investment trust (REIT) and targets office properties in key U.S. markets.
Franklin Street Properties Corp. (FSP) reported its second-quarter results as of June 30, 2022, highlighting a GAAP net loss of $9.1 million. The company plans to increase shareholder value through property sales and aims for $200-$300 million in gross proceeds from dispositions. Occupancy in its portfolio decreased to 76.3% from 78.4%. Notably, the company adopted a variable quarterly dividend policy, declaring a cash dividend of $0.01 per share. The upcoming earnings call is set for August 3, 2022.
Franklin Street Properties Corp. (FSP) announced that it will release its second quarter 2022 results on August 2, 2022, after market close. A conference call will take place at 11:00 AM ET on August 3, 2022, to discuss these results. Investors can join the call by dialing 1-844-200-6205 or via international access at 1-929-526-1599 (access code: 703841). A live audio webcast will also be available on FSP's website. The company focuses on value-oriented real estate investments across various U.S. markets.
Franklin Street Properties Corp. (FSP) has declared a quarterly dividend of $0.01 per share, payable on August 11, 2022, to stockholders of record as of July 19, 2022. The company has replaced its regular quarterly dividend policy with a new variable quarterly dividend policy. This policy will allow the Board to adjust dividends based on factors such as annual taxable income and required distributions to maintain REIT status. The new approach aims to better align with the company’s objectives of enhancing shareholder value through property sales and improving occupancy rates.
Franklin Street Properties Corp. (FSP) reported its Q1 2022 results, posting a GAAP net loss of $4.2 million ($0.04 per share). Funds from Operations (FFO) were $11.6 million ($0.11 per share), while Adjusted Funds from Operations (AFFO) stood at $0.01 per share. Occupancy dropped to 77.3% from 78.4% in Q4 2021. The company maintains its 2022 property disposition guidance at $250-$350 million. Recent stock repurchases totaled 847,000 shares, and a quarterly dividend of $0.09 per share will be paid on May 5, 2022. An earnings call is planned for May 4, 2022.
Franklin Street Properties Corp. (FSP) announced it will release its first quarter 2022 results on May 3, 2022, after market close. A conference call for investors will follow on May 4, 2022, at 11:00 AM ET. Interested participants can join the call by dialing 1-844-200-6205 (international: 1-929-526-1599) and using access code 683292. The event will also be available via live audio webcast on the company’s website, which will feature additional investor information.
Franklin Street Properties Corp. (FSP) announced a quarterly dividend of $0.09 per share for the period of January 1, 2022 through March 31, 2022. This dividend will be payable on May 5, 2022 to stockholders on record as of April 15, 2022. The firm focuses on infill and central business district office properties primarily in the U.S. Sunbelt and Mountain West regions, aiming for value-oriented investments that promote long-term growth and current income.
Franklin Street Properties Corp. (FSP) reported results for Q4 and the year ended December 31, 2021, showcasing significant debt reduction and property sales. The company decreased total indebtedness by approximately 53%, from $1 billion to $475 million. FSP sold ten properties for about $603 million, with a weighted-average capitalization rate of 5.5%. GAAP net income was $78.6 million ($0.75 per share) for Q4 and $92.7 million ($0.87 per share) for the year. The company plans further asset sales in 2022, aiming for $250-$350 million, with proceeds for debt reduction and stock repurchases.
Franklin Street Properties Corp. (FSP), a real estate investment trust (REIT), will announce its fourth quarter and full year 2021 results on February 15, 2022, after market close. A conference call/webcast to discuss the results is scheduled for February 16, 2022, at 11:00 AM ET. Participants can access the call via phone or live audio webcast on the company's investor relations website. FSP focuses on value-oriented investments in office properties across the U.S. Sunbelt and Mountain West regions.
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