earnings
confidence high
sentiment negative
materiality 0.70
FSP reports Q1 GAAP net loss of $21.4M; FFO $2.7M; occupancy slips to 69.2%
FRANKLIN STREET PROPERTIES CORP /MA/
2025-Q1 EPS
reported -$0.21
vs consensus -$0.08
▼ miss
(-159.9%)
- GAAP net loss $21.4M ($0.21/share); FFO $2.7M ($0.03/share) for Q1 2025.
- Directly-owned portfolio 69.2% leased (down from 70.3% Q4 2024); leased 60K sq ft in renewals.
- Total debt $250M, down 75% from $1.0B since Dec 2020; marketing ~1M sq ft for disposition.
- Quarterly dividend maintained at $0.01/share; net income and disposition guidance suspended.
- Weighted avg GAAP rent $29.64/sq ft (+3.4% YoY); average lease term 5.2 years.