secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001104659-25-103203
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000110465925103203/0001104659-25-103203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000110465925103203/fsp-20251028x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-103203

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer