---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001709"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T14:20:00.050540+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Franklin Street Properties posts net loss of $48.1M for 2023; sells three properties for $151M, repays $102M debt

## Summary
- GAAP net loss $48.1M ($0.47/share) for 2023; Q4 net income $3.6M ($0.03/share). FFO $30.0M ($0.29/share) full year.
- Q4 sold One Legacy (Plano, TX) $48M and Blue Lagoon (Miami, FL) $68M; Jan 2024 sold Collins Crossing (Richardson, TX) $35M. Total $151M.
- Feb 21, 2024 repaid $102M debt; amended all debt facilities to extend maturity to April 1, 2026. Remaining debt $303M. Cash after $39.2M.
- Portfolio 74% leased (down from 75.6%); leased 706k sqft in 2023 (228k new). Dividend $0.01/share.
- Guidance suspended due to uncertainty around timing and proceeds of dispositions.

## SEC filing metadata
- accession: 0001558370-24-001709
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2024-02-26T23:59:59+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/1031316/000155837024001709/0001558370-24-001709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000155837024001709/fsp-20240226x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001709
- JSON: https://secwatch.observer/filing/0001558370-24-001709.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001709.txt

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