---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005857"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:19:49.848257+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FSP reports Q1 GAAP net loss of $21.4M; FFO $2.7M; occupancy slips to 69.2%

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-005857
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031316/000155837025005857/0001558370-25-005857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000155837025005857/fsp-20250429x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005857
- JSON: https://secwatch.observer/filing/0001558370-25-005857.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005857.txt

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