FSP posts Q1 net loss of $7.6M, occupancy slips to 73.3%; debt reduced by $102M

FRANKLIN STREET PROPERTIES CORP /MA/

2024-Q1 EPS reported -$0.07 revenue$31,225,000

GAAP net loss $7.6M ($0.07/sh); FFO $4.2M ($0.04/sh).
Occupancy 73.3% vs 74.0% at Dec 31, 2023; leased 197K sq ft.
Sold Collins Crossing for $35M; repaid $102M debt; total debt $303M.
Dividend maintained at $0.01/share for Q1 2024.
Guidance suspended due to economic uncertainty and disposition timing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FRANKLIN STREET PROPERTIES CORP /MA/ reported the three months ended March 31, 2024 results: net income $7.6 million, EPS $0.07 per basic and diluted share.

Period: the three months ended March 31, 2024
Net income: $7.6 million
EPS: $0.07 per basic and diluted share
Result: reported results

Exact text from the filing

Franklin Street Properties Corp. Announces First Quarter 2024 Results

View on SEC.gov

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FRANKLIN STREET PROPERTIES CORP /MA/ filing history →

Source: SEC EDGAR

accession 0001558370-24-006277

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