earnings
confidence high
sentiment negative
materiality 0.60
FSP reports Q1 net loss $4.2M; FFO $0.11/sh; occupancy dips to 77.3%
FRANKLIN STREET PROPERTIES CORP /MA/
2022-Q1 EPS reported
-$0.04
revenue$42,264,000
- GAAP net loss $4.2M ($0.04/sh); FFO $11.6M ($0.11/sh); AFFO $0.01/sh.
- Portfolio leased 77.3% (down from 78.4%); leased 131k sq ft in Q1, including 103k new.
- Maintains full-year 2022 disposition guidance of $250M-$350M in gross proceeds.
- Repurchased 847k shares for $4.8M in Q1; $26.9M remains under buyback plan.
- Regular quarterly dividend $0.09/sh; special dividend $0.32/sh paid Jan 2022.