secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001558370-24-006277
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837024006277/0001558370-24-006277-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837024006277/fsp-20240430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006277

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer