secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001558370-23-012765
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837023012765/0001558370-23-012765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837023012765/fsp-20230801x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012765

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