secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001104659-26-050393
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000110465926050393/0001104659-26-050393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000110465926050393/fsp-20260428x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-050393

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