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

Extracted from this filing and checked against the source text.

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

8 earnings releases filed in the last 30 days. Browse all earnings releases →

FRANKLIN STREET PROPERTIES CORP /MA/ filing history →

Source: SEC EDGAR

accession 0001558370-24-006277

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