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 (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.
Franklin Street Properties (NYSE American: FSP), a real estate investment trust (REIT), has scheduled its first quarter 2025 earnings release for Tuesday, April 29, 2025, after market close. The company will host a conference call and webcast with investors on Wednesday, April 30, 2025, at 11:00 AM ET.
Participants can join the call by dialing 888-440-4368 (US) or 646-960-0856 (International) using conference ID 5398803. A live webcast will be available in the Webcasts & Presentations section of FSP's website, with a replay accessible one hour after the call concludes.
Franklin Street Properties (NYSE American: FSP) has declared a quarterly dividend of $0.01 per share of common stock for Q1 2025. The dividend covers the period from January 1, 2025, through March 31, 2025.
Shareholders recorded as of April 17, 2025, will receive the dividend payment on May 8, 2025.
Franklin Street Properties Corp. (FSP) reported its Q4 and full-year 2024 results, marking significant developments in its portfolio management. The company leased approximately 252,000 square feet in Q4 within its 4.8 million square foot portfolio. FSP completed the sale of Pershing Park Plaza in Atlanta for $34 million and used $27.4 million to reduce debt.
Key financial results include a GAAP net loss of $8.5 million ($0.08 per share) for Q4 and $52.7 million ($0.51 per share) for the full year. The portfolio's occupancy decreased to 70.3% from 74.0% year-over-year. The weighted average GAAP base rent increased 8.2% to $30.06 per square foot.
Since December 2020, FSP's property dispositions have generated approximately $1.1 billion in gross proceeds, helping reduce total indebtedness by about 75% to $250 million. The company declared a quarterly dividend of $0.01 per share for Q4 2024.
Franklin Street Properties (NYSE American: FSP), a real estate investment trust (REIT), has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 11, 2025. The company will host a conference call and webcast with investors to discuss the results on Wednesday, February 12, 2025, at 11:00 AM ET.
Participants can access the call by dialing 888-440-4368 (US) or 646-960-0856 (International) using conference ID 5398803. A live audio webcast will be available in the Webcasts & Presentations section of FSP's website, with a replay option available one hour after the call concludes.
Franklin Street Properties (FSP) has disclosed the tax composition of its distributions for 2024. The company will make four quarterly distributions of $0.01 per share, totaling $0.04 per share for the year. The distributions are scheduled for February 15, May 9, August 8, and November 7, 2024.
According to the tax composition breakdown, the entire amount of these distributions ($0.04) will be classified as Return of Capital. There are no components categorized as ordinary dividends, qualified dividends, capital gain distributions, unrecaptured Section 1250 gains, or Section 199A distributions.
Franklin Street Properties (NYSE American: FSP) has declared a quarterly dividend of $0.01 per share of common stock for the period October 1, 2024 through December 31, 2024. The dividend will be payable on February 13, 2025 to stockholders of record as of January 24, 2025.
Franklin Street Properties (NYSE American: FSP) announced the appointment of Bruce J. Schanzer to its Board of Directors, effective November 27, 2024. Schanzer will also serve on the Audit Committee, bringing the total board size to eight directors, with seven being independent. The company has entered into a Cooperation Agreement with significant shareholders Converium Capital and Erez Asset Management, who will vote in favor of the Board's director nominees at the 2025 Annual Meeting. The agreement includes customary standstill and voting provisions.
Franklin Street Properties (NYSE American: FSP) reported Q3 2024 results with a GAAP net loss of $15.6 million ($0.15 per share). The company's Funds From Operations (FFO) was $2.7 million ($0.03 per share). FSP completed two significant property sales: Innsbrook in Virginia for $31 million and Pershing Park Plaza in Atlanta for $34 million, using proceeds to reduce debt to $250.3 million. The company's portfolio occupancy decreased to 70.4% from 74.0% at year-end 2023. FSP leased approximately 92,000 square feet in Q3, with weighted average rents increasing 10.9% to $29.94 per square foot. The Board declared a quarterly dividend of $0.01 per share.
Franklin Street Properties Corp. (FSP), a real estate investment trust (REIT) listed on NYSE American, has announced its plans to release third quarter 2024 results after market close on Tuesday, October 29, 2024. The company will host a conference call and webcast with investors on Wednesday, October 30, 2024, at 11:00 AM ET to discuss the results.
Participants can access the call by dialing 888-440-4368 (US) or 646-960-0856 (International) using conference ID 5398803. A live audio webcast will be available in the Webcasts & Presentations section of FSP's website. The webcast replay will be accessible from the same location one hour after the call concludes.
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