FSP reports Q2 GAAP net loss of $8.4M; FFO $7.1M; portfolio 75.7% leased

FRANKLIN STREET PROPERTIES CORP /MA/

2023-Q2 EPS reported -$0.06 revenue$74,033,000

GAAP net loss $8.4M ($0.08/sh) for Q2 2023; FFO $7.1M ($0.07/sh).
Leased 445k sq ft in H1 2023; portfolio 75.7% leased vs 75.6% at year-end 2022.
Kaiser lease amendment extends 121k sq ft through 2029; new VA lease for 100k sq ft starting Dec 2023.
Expects to close sale of Forest Park ($9.2M) in Q3; three additional properties under PSA for ~$156M in Q4.
Quarterly dividend maintained at $0.01/sh; net income/FFO guidance suspended.

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 three months ended June 30, 2023 results: net income $8.4 million, EPS $0.08 per basic and diluted share.

Period: three months ended June 30, 2023
Net income: $8.4 million
EPS: $0.08 per basic and diluted share
Result: reported results

Exact text from the filing

GAAP net loss was $8.4 million and $6.0 million, or $0.08 and $0.06 per basic and diluted share for the three and six months ended June 30, 2023, respectively.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN STREET PROPERTIES CORP /MA/ reported six months ended June 30, 2023 results: net income $6.0 million, EPS $0.06 per basic and diluted share.

Period: six months ended June 30, 2023
Net income: $6.0 million
EPS: $0.06 per basic and diluted share
Result: reported results

Exact text from the filing

GAAP net loss was $8.4 million and $6.0 million, or $0.08 and $0.06 per basic and diluted share for the three and six months ended June 30, 2023, respectively.

View on SEC.gov

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Source: SEC EDGAR

accession 0001558370-23-012765

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