---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-001283"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T12:53:48.748842+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-001283
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031316/000155837023001283/0001558370-23-001283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000155837023001283/fsp-20230214x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-001283
- JSON: https://secwatch.observer/filing/0001558370-23-001283.json
- Plain text: https://secwatch.observer/filing/0001558370-23-001283.txt

## Key facts
- Earnings Releases
  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
  source text: GAAP net income was $1.1 million or $0.01 per basic and diluted share, for the year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031316/000155837023001283/0001558370-23-001283-index.htm
- Earnings Releases
  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
  source text: GAAP net loss was $2.9 million or $0.03 per basic and diluted share for the three months ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031316/000155837023001283/0001558370-23-001283-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.