{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-001191","form_type":"8-K","ticker":"FSP","cik":"0001031316","company_name":"FRANKLIN STREET PROPERTIES CORP /MA/","filed_at":"2022-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:04:05.128559+00:00","generated_at":"2026-06-27T07:48:52.687100+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FSP reports FY2021 GAAP EPS $0.87; reduces debt 53% to $475M; disposes $603M in properties","bullets":["Net income $92.7M ($0.87/sh); FFO $58.5M ($0.55/sh); AFFO $0.16/sh. Q4 net income $78.6M ($0.75/sh), FFO $0.10/sh.","Total debt reduced 53% from $1.0B to $475M; repaid $508M in 2021, $215M in Q4. New $237.5M revolving credit line (accordion up to $750M).","Sold 10 properties for $603M gross proceeds at 5.5% cap rate. Includes $223.9M sale of 999 Peachtree with $86.8M gain.","Portfolio 78.4% leased (down from 85.0% YoY). Leased 1,035,000 sq ft in 2021; weighted avg rent $30.86/sq ft, up 2.5%.","Regular dividend $0.09/sh; special dividend $0.32/sh paid Jan 2022. 2022 disposition guidance $250-$350M. $31.8M remaining for buybacks."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-001191","json":"https://secwatch.observer/filing/0001558370-22-001191.json","markdown":"https://secwatch.observer/filing/0001558370-22-001191.md","text":"https://secwatch.observer/filing/0001558370-22-001191.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1031316/000155837022001191/0001558370-22-001191-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1031316/000155837022001191/fsp-20220215x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T07:48:52.687100+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}