secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001558370-22-011655
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FSP Q2 2022: GAAP net loss $9.1M; FFO $0.10/shr; cuts disposition guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837022011655/0001558370-22-011655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837022011655/fsp-20220802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-011655

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