secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001104659-26-025272
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Street Properties reports Q4 net loss $7.3M, suspends dividend
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- GAAP net loss of $45.0M for full year 2025; Q4 loss $7.3M ($0.07 per share).
- FFO of $11.0M for full year ($0.11 per share); Q4 FFO $3.4M.
- Portfolio occupancy fell to 68.9% from 70.3% year-over-year; leased 413,000 sq ft.
- Board suspends quarterly dividend, preserving ~$4.1M cash annually; reassessment quarterly.
- Closed $320M secured credit facility with TPG Credit affiliate; repaid ~$249M debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000110465926025272/0001104659-26-025272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000110465926025272/fsp-20260309x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-025272

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