Earnings ·
Franklin Street Properties Corp. reported a net loss of $16.6 million, or $0.16 per share, for the second quarter…
FSPFranklin Street Properties Corp
Franklin Street Properties Corp. reported a net loss of $16.6 million, or $0.16 per share, for the second quarter ended June 30, 2026, compared to a loss of $7.9 million in the prior year period. Funds from operations (FFO) were $1.6 million, or $0.02 per share. The company sold its Greenwood Plaza property in Colorado for approximately $19.4 million and used $8.5 million of the proceeds to repay debt. General and administrative expenses decreased by $1.7 million year-over-year. The Board suspended quarterly dividends in March 2026 to preserve cash. The company launched an expanded strategic review with BofA Securities and JLL to evaluate potential transactions. Franklin Street Properties Corp. operates as a real estate investment trust focused on office properties in the U.S. Sunbelt and Mountain West.