Every 10-Q that Franklin Street Properties Corp (FSP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FSP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FSP filings page.
Franklin Street Properties Corp., an office-focused REIT, reported rental revenues of $26.4 million for the quarter and $52.6 million for the six months ended June 30, 2026. Net loss was $16.6 million for the quarter and $26.1 million year-to-date.
Results reflect a $7.7 million impairment on the Greenwood Plaza property, which sold on July 8, 2026 for $19.4 million, with about $8.5 million of net proceeds used to repay Initial Term Loans. The portfolio of 14 owned properties (about 4.8 million square feet in Dallas, Denver, Houston and Minneapolis) was 67.4% leased, down from 68.9% at year-end, with roughly 170,000 square feet leased in the first half at average GAAP base rents of $34.34 per square foot.
On February 26, 2026 the company closed a secured credit facility of up to $320 million, including $275 million of Initial Term Loans and $45 million of Delayed Draw Term Loans, bearing initial interest of 9.0% and maturing February 26, 2029. Proceeds refinanced approximately $249 million of prior term loans and senior notes. Cash and equivalents were $22.5 million, and the company remained in compliance with financial covenants. Funds From Operations were $1.6 million for the quarter and $2.7 million year-to-date. The board continues a strategic alternatives review and, in March 2026, suspended regular quarterly dividends after paying $0.01 per share in the first quarter.
Franklin Street Properties Corp. reported Q1 2026 rental revenue of $26.2M, down slightly from Q1 2025. Net loss narrowed to $9.5M from $21.4M, mainly because last year included a large impairment on a sold property and higher operating costs.
The REIT’s 14-office portfolio totaled about 4.8M square feet and was 66.5% occupied, with 145,000 square feet leased at GAAP rents about 6.4% above prior levels. Segment NOI was $11.7M, and Funds From Operations were $1.2M.
In February 2026, the company closed a new $320M secured term credit facility with an affiliate of TPG Credit, including $275M of Initial Term Loans at a 9.0% interest rate, maturing in 2029. Proceeds refinanced roughly $249M of BMO and BofA term loans and senior notes. Cash and cash equivalents were $23.8M.
The board’s ongoing review of strategic alternatives continued, and additional financial advisors were engaged. In March 2026, the board suspended quarterly cash dividends to redirect capital toward leasing, and the new Credit Agreement restricts dividends above $0.01 per share or the amount needed to maintain REIT status.
Franklin Street Properties (FSP) filed its Q3 2025 10-Q, reporting rental revenue of $27.3 million versus $29.7 million a year ago and a net loss of $8.3 million (basic and diluted loss per share of $0.08). For the nine months, rental revenue was $81.1 million versus $91.7 million a year ago, with a net loss of $37.6 million. Interest expense was $6.3 million in the quarter and $18.4 million year‑to‑date as borrowing costs rose.
Management disclosed “substantial doubt” about the company’s ability to continue as a going concern under ASC 205‑40 due to approximately $248.9 million of unsecured debt maturing on April 1, 2026 (BMO term loan ~$70.7M, BofA term loan ~$55.3M, Senior Notes ~$122.9M). Effective April 1, 2025, stated rates increased to 9.00%. Cash, cash equivalents and restricted cash were $31.6 million at quarter‑end. The portfolio comprised 14 operating properties totaling 4.81 million rentable square feet. The Board declared a $0.01 per share cash distribution on October 3, 2025, payable November 6, 2025. Common shares outstanding were 103,690,340 as of October 23, 2025.