---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013846"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T08:51:06.969726+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FSP Q3 2024 GAAP net loss $15.6M; occupancy falls to 70.4%; continues asset sales

## Summary
- GAAP net loss of $15.6M ($0.15/sh) and $44.2M ($0.43/sh) for 3 and 9 months ended Sep 30, 2024.
- FFO of $2.7M ($0.03/sh) for Q3 and $10.6M ($0.10/sh) for YTD; AFFO not disclosed.
- Portfolio occupancy 70.4% at Sep 30, down from 74.0% at Dec 31, 2023; leased 364K sf YTD.
- Sold Innsbrook (VA) for $31M and Pershing Park Plaza (GA) for $34M; used proceeds to repay $52.7M debt.
- Total debt reduced to ~$250.3M; dividend maintained at $0.01/sh; guidance still suspended.

## SEC filing metadata
- accession: 0001558370-24-013846
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031316/000155837024013846/0001558370-24-013846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000155837024013846/fsp-20241029x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013846
- JSON: https://secwatch.observer/filing/0001558370-24-013846.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013846.txt

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