Highest-materiality recent filing
Franklin Street Properties sells two Colorado office buildings for $19.4M; uses $8.5M to repay debt
Gross sale price $19.36M for 196,236 sq ft office buildings in Englewood, CO to University of Colorado Health.
All five director nominees elected: Jennifer Bitterman received 53.3M for, highest; Dennis McGillicuddy 44.9M for.
FSP Q1 GAAP net loss $9.5M ($0.09/sh); dividend suspended
GAAP net loss $9.5M ($0.09 per share) for Q1 2026; FFO $1.2M ($0.01/sh).
Franklin Street Properties reports Q4 net loss $7.3M, suspends dividend
GAAP net loss of $45.0M for full year 2025; Q4 loss $7.3M ($0.07 per share).
FSP closes $320M secured credit facility, refinances $249M debt, extends maturity to 2029
Initial draw of $258.5M (net of $16.5M OID) refinances $248.9M of existing debt under BMO, BofA, and note purchase agreements.
GAAP net loss $0.08 per share in Q3; portfolio occupancy down to 68.9%
GAAP net loss $8.3M ($0.08/sh) for Q3; FFO $2.3M ($0.02/sh).
Director Schanzer resigns; Bitterman appointed; Converium cooperation extended through Dec 2026
Bruce Schanzer resigned from board effective Oct 9, 2025; no disagreement with company.
FSP reports Q2 2025 GAAP net loss of $7.9M; portfolio leasing slips to 69.1%
GAAP net loss $7.9M ($0.08/diluted share) for Q2; FFO of $2.5M ($0.02/share).
Franklin Street Properties shareholders elect all six directors at 2025 annual meeting
Directors elected: George J. Carter (73M for), Georgia Murray (71.9M), John N. Burke (71.6M), Dennis J. McGillicuddy (71.8M), Bruce J. Schanzer (73.8M), Milton P. Wilkins Jr. (73.0M).
FSP reports Q1 GAAP net loss of $21.4M; FFO $2.7M; occupancy slips to 69.2%
GAAP net loss $21.4M ($0.21/share); FFO $2.7M ($0.03/share) for Q1 2025.
Director Brian N. Hansen will not stand for re-election at FSP's 2025 annual meeting
Brian N. Hansen notified the board on March 7, 2025 of his decision not to stand for re-election.
Director Kenneth A. Hoxsie to not stand for re-election at FSP 2025 annual meeting
Kenneth A. Hoxsie notified FSP on Feb 14, 2025, he will not stand for re-election at the 2025 annual meeting set for May 15, 2025.
FSP reports Q4 GAAP net loss of $8.5M; portfolio occupancy down to 70.3%
GAAP net loss of $8.5M ($0.08/diluted share) for Q4 2024; full-year loss $52.7M ($0.51/share).
Franklin Street Properties expands board to 8, appoints Bruce Schanzer under cooperation pact
Cooperation agreement with Converium Capital and Erez Asset Management effective Nov 27, 2024.
FSP Q3 2024 GAAP net loss $15.6M; occupancy falls to 70.4%; continues asset sales
GAAP net loss of $15.6M ($0.15/sh) and $44.2M ($0.43/sh) for 3 and 9 months ended Sep 30, 2024.
FSP Q2 2024 net loss $21.0M; leases 72.3% occupied; sells VA property for $31M
GAAP net loss $21.0M ($0.20/sh) for Q2 2024; FFO $3.7M ($0.04/sh).
FSP shareholders elect seven directors, ratify auditor, approve say-on-pay at 2024 annual meeting
All seven director nominees elected: George Carter 61.9M for, Georgia Murray 60.0M for, etc. Broker non-votes 16.3M.
FSP posts Q1 net loss of $7.6M, occupancy slips to 73.3%; debt reduced by $102M
GAAP net loss $7.6M ($0.07/sh); FFO $4.2M ($0.04/sh).
Director O'Neil not seeking re-election; Board size reduced to 7
Kathryn P. O'Neil will not stand for re-election at the May 16, 2024 annual meeting.
GAAP net loss $48.1M ($0.47/share) for 2023; Q4 net income $3.6M ($0.03/share). FFO $30.0M ($0.29/share) full year.
Franklin Street Properties sells two office properties for $116M total; proceeds for debt repayment
Closed sale of Blue Lagoon Dr, Miami (213,182 sq ft) for $68M on Dec 6, 2023.
FSP reports Q3 GAAP net loss of $45.7M; sells two properties, plans more sales for debt reduction
GAAP net loss of $45.7M ($0.44/diluted share) for Q3; FFO of $7.5M ($0.07/share).
Franklin Street Properties sells Plano office building for $48M, expects ~$10.6M gain in Q4 2023
Gross purchase price $48M; proceeds primarily for debt repayment.
FSP reports Q2 GAAP net loss of $8.4M; FFO $7.1M; portfolio 75.7% leased
GAAP net loss $8.4M ($0.08/sh) for Q2 2023; FFO $7.1M ($0.07/sh).
Franklin Street Properties announces 2023 annual meeting results; all director nominees elected
All eight director nominees elected; Kenneth Hoxsie received fewest votes (71.5M for, 7.9M against).
FSP Q1 GAAP net income $2.4M; portfolio occupancy drops to 73.9%
GAAP net income $2.4M ($0.02/sh); FFO $8.4M ($0.08/sh).
FSP posts Q4 GAAP loss $0.03/sh; amends $165M term loan, revolver cut to $150M
Q4 GAAP net loss $2.9M ($0.03/sh); FFO $0.10/sh, AFFO loss $0.08/sh.
BofA revolver maturity extended to Oct 1, 2024; availability reduced to $150M (step-downs to $125M Oct '23, $100M Apr '24).
Board amended and restated bylaws effective Feb 2, 2023, authorizing virtual stockholder meetings via remote communication.
FSP reports Q3 GAAP net income $17.2M; lowers property disposition guidance to $102.5M-$200M
GAAP net income $17.2M ($0.17 EPS) for Q3; net income $4.0M ($0.04 EPS) for 9 months.
Sold 380 & 390 Interlocken Crescent in Broomfield, CO for $102.5M gross.
FSP Q2 2022: GAAP net loss $9.1M; FFO $0.10/shr; cuts disposition guidance
GAAP net loss $9.1M ($0.09/shr) in Q2; six-month loss $13.3M ($0.13/shr).
Eight directors elected to one-year terms; all received majority support with highest votes for Milton P. Wilkins, Jr. (77.3M for).
FSP reports Q1 net loss $4.2M; FFO $0.11/sh; occupancy dips to 77.3%
GAAP net loss $4.2M ($0.04/sh); FFO $11.6M ($0.11/sh); AFFO $0.01/sh.
FSP reports FY2021 GAAP EPS $0.87; reduces debt 53% to $475M; disposes $603M in properties
Net income $92.7M ($0.87/sh); FFO $58.5M ($0.55/sh); AFFO $0.16/sh. Q4 net income $78.6M ($0.75/sh), FFO $0.10/sh.
Franklin Street Properties elects Milton P. Wilkins, Jr. to board, effective Feb 16, 2022
Board size increased to eight directors; Wilkins fills vacancy effective Feb 16, 2022.
Franklin Street Properties enters $217.5M revolver, terminates $600M prior facility
New $217.5M revolving credit facility with Bank of America, maturing January 12, 2024, with accordion up to $750M.
FSP Q3 2021: GAAP EPS $0.04, FFO $0.14; debt reduced 53% to ~$475M
GAAP net income $4.5M ($0.04/share); FFO $14.8M ($0.14/share); AFFO $0.04/share.
FSP sells Atlanta office tower for $223.9M, expects Q4 gain of $86.8M
Gross purchase price of $223.9M; net proceeds after credits and costs ~$216.7M.
Franklin Street Properties agrees to sell Atlanta office building for $223.9M
Purchase price $223.9M for 999 Peachtree Street, Atlanta office building.
Franklin Street Properties Q2 net income $0.15/share; sells $237M properties, reduces debt
GAAP net income $16.2M ($0.15/share); FFO $0.14/share; AFFO $0.05/share.
On March 7, 2025, Mr. Brian N. Hansen, a member of our Board of Directors (the “Board”), notified us of his decision not to stand for re-election at our upcoming 2025 annual meeting of stockholders scheduled for May 15, 2025 (the “2025 Annual Meeting”).
On February 14, 2025, Mr. Kenneth A. Hoxsie, a member of our Board of Directors (the “Board”), notified us of his decision not to stand for re-election at our upcoming 2025 annual meeting of stockholders scheduled for May 15, 2025
On February 27, 2024, Ms. Kathryn P. O’Neil, a member of our Board of Directors (the “Board”), notified us of her decision not to stand for re-election at our upcoming 2024 annual meeting of stockholders scheduled for May 16, 2024 (the “2024 Annual Meeting”).
elected Milton P. Wilkins, Jr. as a director of the Company, effective as of February 16, 2022, to fill a vacancy on the Board
Max materiality 0.85 · Median 0.65 · Most common event earnings