secwatch.observer — SEC 8-K summary
======================================

Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001558370-22-015816
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FSP reports Q3 GAAP net income $17.2M; lowers property disposition guidance to $102.5M-$200M
--------------------------------------------------------------------------------

- GAAP net income $17.2M ($0.17 EPS) for Q3; net income $4.0M ($0.04 EPS) for 9 months.
- FFO $9.0M ($0.09/share); AFFO loss of $0.09/share for Q3.
- Property disposition guidance for FY2022 cut to $102.5M-$200M from $200M-$300M.
- Portfolio leased 75.9% vs 78.4% at Dec 31, 2021; sold Interlocken properties for $102.5M.
- Quarterly dividend declared $0.01/share payable Nov 10, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837022015816/0001558370-22-015816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837022015816/fsp-20221101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015816

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