---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-006277"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T03:53:11.241589+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-006277
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031316/000155837024006277/0001558370-24-006277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000155837024006277/fsp-20240430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006277
- JSON: https://secwatch.observer/filing/0001558370-24-006277.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006277.txt

## Key facts
- Earnings Releases
  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
  source text: Franklin Street Properties Corp. Announces First Quarter 2024 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031316/000155837024006277/0001558370-24-006277-index.htm

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