secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001558370-25-000805
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FSP reports Q4 GAAP net loss of $8.5M; portfolio occupancy down to 70.3%
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- GAAP net loss of $8.5M ($0.08/diluted share) for Q4 2024; full-year loss $52.7M ($0.51/share).
- FFO of $2.7M ($0.03/share) for Q4, $13.3M ($0.13/share) for full year 2024.
- Portfolio leased 70.3% at Dec 31, 2024, vs 74.0% a year ago; 616,000 sq ft leased in 2024.
- Sold Pershing Park Plaza for $34M in Oct 2024; repaid $27.4M debt, reducing total debt to $250.3M.
- Quarterly dividend maintained at $0.01/share; guidance remains suspended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837025000805/0001558370-25-000805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837025000805/fsp-20250211x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000805

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