FSP Q1 GAAP net loss $9.5M ($0.09/sh); dividend suspended

FRANKLIN STREET PROPERTIES CORP /MA/

2026-Q1 EPS reported -$0.09 revenue$26,225,000

GAAP net loss $9.5M ($0.09 per share) for Q1 2026; FFO $1.2M ($0.01/sh).
Dividend suspended (announced March 9); preserves ~$4.1M annual cash; reassessed quarterly.
Expanded strategic review: BofA Securities and JLL as co-financial advisors.
Potential sale of Greenwood Plaza; entered inspection/confidentiality agreement with potential buyer.
Portfolio 68.4% leased (down from 68.9% Dec 2025); leased 145k sq ft in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FRANKLIN STREET PROPERTIES CORP /MA/ reported first quarter ended March 31, 2026 results: net income $9.5 million, EPS $0.09 per basic and diluted share.

Period: first quarter ended March 31, 2026
Net income: $9.5 million
EPS: $0.09 per basic and diluted share
Result: reported results

Exact text from the filing

GAAP net loss was $9.5 million, or $0.09 per basic and diluted share for the three months ended March 31, 2026.

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FRANKLIN STREET PROPERTIES CORP /MA/ filing history →

Source: SEC EDGAR

accession 0001104659-26-050393

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