FSP Q2 2024 net loss $21.0M; leases 72.3% occupied; sells VA property for $31M

FRANKLIN STREET PROPERTIES CORP /MA/

2024-Q2 EPS reported -$0.28 revenue$62,055,000

GAAP net loss $21.0M ($0.20/sh) for Q2 2024; FFO $3.7M ($0.04/sh).
Portfolio 72.3% leased at June 30, 2024, down from 74.0% at Dec 31, 2023.
Sold Innsbrook (Glen Allen, VA) for $31M on July 8; repaid $25.3M debt; total debt ~$277.7M.
Quarterly dividend maintained at $0.01/sh; Net Income, FFO and disposition guidance suspended.

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