secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001558370-22-006821
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FSP reports Q1 net loss $4.2M; FFO $0.11/sh; occupancy dips to 77.3%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837022006821/0001558370-22-006821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837022006821/fsp-20220503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-006821

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer