earnings
confidence high
sentiment negative
materiality 0.75
FSP Q2 2022: GAAP net loss $9.1M; FFO $0.10/shr; cuts disposition guidance
FRANKLIN STREET PROPERTIES CORP /MA/
2022-Q2 EPS reported
-$0.13
revenue$83,568,000
- GAAP net loss $9.1M ($0.09/shr) in Q2; six-month loss $13.3M ($0.13/shr).
- FFO $10.3M ($0.10/shr); AFFO loss $0.04/shr for Q2 2022.
- Updates FY22 property disposition guidance to $200M-$300M (from $250M-$350M).
- Portfolio leased % fell to 76.3% at June 30 vs 78.4% at Dec 31, 2021.
- Adopts variable dividend policy; Q2 dividend $0.01/shr; stock repurchases paused.