earnings
confidence high
sentiment negative
materiality 0.70
FSP reports Q2 2026 net loss of $16.6M; dividend suspended, strategic review expanded
FRANKLIN STREET PROPERTIES CORP /MA/
- GAAP net loss of $16.6M ($0.16/share) for Q2 2026; FFO of $1.6M ($0.02/share).
- Dividend suspended in March 2026, preserving ~$4.1M annually; no reinstatement announced.
- Sold Greenwood Plaza (CO) on July 8 for $19.4M; used $8.5M to repay debt.
- Portfolio leased 67.4% at June 30, down from 68.9% at Dec 31, 2025.
- Expanded strategic review with BofA Securities and JLL as co-advisors.