---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-015047"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2021-11-08T23:59:59+00:00"
generated_at: "2026-06-28T11:13:58.189495+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-21-015047
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2021-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031316/000155837021015047/0001558370-21-015047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000155837021015047/fsp-20211108x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-015047
- JSON: https://secwatch.observer/filing/0001558370-21-015047.json
- Plain text: https://secwatch.observer/filing/0001558370-21-015047.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.