secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001558370-24-010383
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837024010383/0001558370-24-010383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837024010383/fsp-20240730x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010383

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