---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-018011"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T12:56:51.488118+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FSP reports Q3 GAAP net loss of $45.7M; sells two properties, plans more sales for debt reduction

## Summary
- GAAP net loss of $45.7M ($0.44/diluted share) for Q3; FFO of $7.5M ($0.07/share).
- Leased 571k sq ft in nine months; portfolio 74.8% leased (down from 75.6% at Dec 2022).
- Sold Forest Park (Charlotte) for $9.2M in Q3; post-Q3 sold One Legacy (Plano, TX) for $48M.
- Expects additional property sales with gross proceeds $108M-$153M; proceeds for debt reduction.
- Cash ~$73.5M as of Nov 7; quarterly dividend declared at $0.01/share.

## SEC filing metadata
- accession: 0001558370-23-018011
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2023-11-07T23:59:59+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/1031316/000155837023018011/0001558370-23-018011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000155837023018011/fsp-20231107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-018011
- JSON: https://secwatch.observer/filing/0001558370-23-018011.json
- Plain text: https://secwatch.observer/filing/0001558370-23-018011.txt

## Key facts
- Earnings Releases
  FRANKLIN STREET PROPERTIES CORP /MA/ reported three and nine months ended September 30, 2023 results: net income $45.7 million net loss and $51.7 million net loss, EPS $0.44 and $0.50 per basic and diluted share loss.
  - Period: three and nine months ended September 30, 2023
  - Net income: $45.7 million net loss and $51.7 million net loss
  - EPS: $0.44 and $0.50 per basic and diluted share loss
  - Result: reported results
  source text: GAAP net loss was $45.7 million and $51.7 million, or $0.44 and $0.50 per basic and diluted share for the three and nine months ended September 30, 2023, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031316/000155837023018011/0001558370-23-018011-index.htm

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