FSP Q3 2021: GAAP EPS $0.04, FFO $0.14; debt reduced 53% to ~$475M

FRANKLIN STREET PROPERTIES CORP /MA/

2021-Q3 EPS reported $0.13 revenue$165,986,000

GAAP net income $4.5M ($0.04/share); FFO $14.8M ($0.14/share); AFFO $0.04/share.
Total debt reduced ~53% from $1.0B to ~$475M as of Oct 25, 2021; repaid $90M in Q3.
Sold 8 properties in 2021 for ~$563M at avg 5.8% cap rate; raised disposition guidance to $563M-$600M.
Leased 329K sq ft in Q3, incl 100K sq ft new lease at Pershing Park; portfolio 78.8% leased.
Repurchased 1.8M shares for $8.2M in Q3; anticipates special dividend in Dec 2021/Jan 2022.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.