GAAP net loss $0.08 per share in Q3; portfolio occupancy down to 68.9%

FRANKLIN STREET PROPERTIES CORP /MA/

2025-Q3 EPS reported -$0.36 revenue$81,122,000

GAAP net loss $8.3M ($0.08/sh) for Q3; FFO $2.3M ($0.02/sh).
Nine-month net loss $37.6M ($0.36/sh); FFO $7.6M ($0.07/sh).
Portfolio leased 68.9% (down from 70.3% Dec 2024); leased 274k sq ft in 9 months.
Weighted avg new lease rent $31.81, up 6% vs prior year; avg term 5.7 years.
Strategic review with BofA Securities continues; guidance suspended; dividend $0.01/sh.

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