---
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"
generated_at: "2026-06-27T07:48:52.687100+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FSP reports FY2021 GAAP EPS $0.87; reduces debt 53% to $475M; disposes $603M in properties

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-001191
- JSON: https://secwatch.observer/filing/0001558370-22-001191.json
- Plain text: https://secwatch.observer/filing/0001558370-22-001191.txt

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