secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001558370-21-009995
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Street Properties Q2 net income $0.15/share; sells $237M properties, reduces debt
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- GAAP net income $16.2M ($0.15/share); FFO $0.14/share; AFFO $0.05/share.
- Sold four properties for ~$237M; repaid $155M term loan and $47.5M revolver.
- Total debt reduced from ~$1B (Sep 2020) to ~$765M; revolver fully available.
- Reaffirmed 2021 disposition guidance $350-$450M gross proceeds; may repurchase up to $50M stock.
- Portfolio leased 78.5% vs 81.0% QoQ; dividend $0.09/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837021009995/0001558370-21-009995-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837021009995/fsp-20210803x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-009995

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