FSP posts Q4 GAAP loss $0.03/sh; amends $165M term loan, revolver cut to $150M

FRANKLIN STREET PROPERTIES CORP /MA/

2022-FY EPS reported $0.01 revenue$165,615,000

Q4 GAAP net loss $2.9M ($0.03/sh); FFO $0.10/sh, AFFO loss $0.08/sh.
2022 dispositions $130.3M gross proceeds; repaid $137M debt including $110M term loan.
Feb 10 amendments: $40M term loan repaid, maturity to Oct 2024, SOFR+300bp; revolver to $150M.
Portfolio 75.6% leased (down from 78.4%); 435k sq ft leased in 2022.
Board discontinued $50M buyback authorization; suspended net income, FFO, and disposition guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN STREET PROPERTIES CORP /MA/ reported year ended December 31, 2022 results: net income $1.1 million, EPS $0.01 per basic and diluted share.

Period: year ended December 31, 2022
Net income: $1.1 million
EPS: $0.01 per basic and diluted share
Result: reported results

Exact text from the filing

GAAP net income was $1.1 million or $0.01 per basic and diluted share, for the year ended December 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN STREET PROPERTIES CORP /MA/ reported three months ended December 31, 2022 results: net income $2.9 million, EPS $0.03 per basic and diluted share.

Period: three months ended December 31, 2022
Net income: $2.9 million
EPS: $0.03 per basic and diluted share
Result: reported results

Exact text from the filing

GAAP net loss was $2.9 million or $0.03 per basic and diluted share for the three months ended December 31, 2022

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

FRANKLIN STREET PROPERTIES CORP /MA/ filing history →

Source: SEC EDGAR

accession 0001558370-23-001283

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