Franklin St Prop Stock Price, News & Analysis

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.

Franklin Street Properties Corp. (FSP) announced the election of Milton P. Wilkins, Jr. to its Board of Directors, effective February 16, 2022. Wilkins, an experienced investment advisor from RBF Wealth Advisors, will also serve on the Audit Committee. Following this addition, the Board consists of eight directors, with seven being independent. Wilkins has a robust background in finance and corporate development, previously working with Monsanto and serving on various boards. Chairman George J. Carter expressed confidence in Wilkins' contributions to the Board.

Franklin Street Properties Corp. (FSP) announced the tax composition of its 2021 distributions, highlighting a total distribution of $0.68 per share. Important dates include the record date of January 29, 2021, and the payable date of February 18, 2021. The report mentions that shareholders should consult with personal tax advisors for their specific tax treatment of distributions. FSP operates as a real estate investment trust (REIT) focused on office properties in the U.S. Sunbelt and Mountain West regions.

Franklin Street Properties Corp. (FSP) has declared a quarterly dividend of $0.09 per share, payable on February 17, 2022. The dividend is for the period from October 1, 2021 to December 31, 2021, with a record date of January 28, 2022. Additionally, FSP forecasts property sales between $250 million and $350 million in 2022 to boost shareholder value, intending to utilize proceeds for debt reduction and potential special dividends.