Franklin Street Properties Corp.

Franklin Street Properties Corp. is an investment company, which specializes and focuses on the asset class of real estate. It operates through the Real Estate Operations segment, which is involved in real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development. The company was founded by George J. Carter in January 1997 and is headquartered in Wakefield, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Franklin Street Properties Corp. reports solid Q4 performance and debt reduction focus

Franklin Street Properties Corp. delivered a solid performance in Q4 2022, focusing on debt reduction and property dispositions.
While facing challenges such as slowed property dispositions and high debt levels, the company demonstrated strength in financial management.
Opportunities lie in exploring additional property dispositions, improving leasing activity, and optimizing the portfolio mix.
Overall, Franklin Street Properties Corp. remains committed to enhancing shareholder value through prudent financial strategies.

Franklin Street Properties Corp. reports strong Q1 earnings and growth strategies

Franklin Street Properties Corp. delivered solid financial performance in Q1 '23, driven by property sales gains and a focus on debt reduction.
Despite challenges in the office property sales market, the company's proactive approach to increasing shareholder value through leasing and debt reduction is commendable.
Opportunities for growth and value creation exist through increased leasing activity and strategic initiatives aimed at optimizing the company's portfolio.

Franklin Street Properties Corp. focuses on debt reduction and value realization in Q2 earnings call

Franklin Street Properties Corp. reported steady leasing activity and a focus on debt reduction through asset sales. Challenges in the office property market were noted, prompting strategic actions for value realization. The company's proactive approach to financial management presents opportunities for unlocking hidden value and improving shareholder returns.

Franklin Street Properties Corp. reports mixed Q3 results, focuses on debt reduction and property value

FSP's Q3 performance showed mixed results with a focus on debt reduction and property value enhancement.
Leasing activities have been strong, but challenges remain in portfolio occupancy and debt levels.
Opportunities lie in growing tenant interest, strategic property sales, and continued debt reduction efforts.

Franklin Street Properties Corp. reports solid Q4 performance and outlook

Franklin Street Properties Corp. delivered a solid operational performance in Q4 2023, with a focus on debt reduction and asset management.
While facing challenges in full-year net income, the company remains optimistic about future growth and stability.
Strategic financial management, asset optimization, and operational efficiency are key areas for capitalizing on opportunities and addressing challenges.

Franklin Street Properties Corp. reports mixed Q1 results and eyes growth opportunities

Franklin Street Properties Corp. faced challenges in property dispositions and accessing capital, but showed strength in leasing activity. Market uncertainties persist, but opportunities for growth through leasing improvements and property conversions are on the horizon.

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Franklin Street Properties Corp. is an investment company, which engages in the operation of real estate. It operates through the Real Estate Operations segment. The Real Estate Operation segment is involved in real estate rental operations, leasing, secured financing of real estate, and services provided for asset management, property management, property acquisitions, dispositions and development. The company was founded by George J. Carter in January 1997 and is headquartered in Wakefield, MA.

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Franklin Street Properties Corporation (NYSE:FSP ) Q4 2022 Earnings Conference Call February 15, 2023 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeffrey Carter - President & CIO Conference Call Participants Rob Stevenson - Janney Montgomery Scott Craig Kucera - B. Riley Securities Operator Good morning.

Franklin Street Properties Corporation (FSP) Q4 2022 Earnings Call Transcript

Franklin Street (FSP) delivered FFO and revenue surprises of 25% and 10.19%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street Properties (FSP) Q4 FFO and Revenues Beat Estimates

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the fourth quarter and the year ended December 31, 2022. George J.

Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2022 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the fourth quarter and full year 2022 after the market closes on Tuesday, February 14, 2023. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, February 15, 2023.

Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2022 Results

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Office REITs have been far-and-away the worst-performing property sector since the start of the pandemic, as depressed utilization rates and recession concerns have curbed office space demand. Work-From-Home-Forever? Occupiers due for renewal have been somewhat-reluctant to cut office space, with leasing volumes still at 75% of pre-pandemic levels, but fundamentals softened more definitively in late 2022.

Office REITs: Pain Is Priced In

WAKEFIELD, Mass.--( BUSINESS WIRE )--Franklin Street Properties Corp. (“FSP”) (NYSE American: FSP) announced today the tax composition of its 2022 distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of FSP distributions.

Franklin Street Properties Corp. Announces Tax Composition of 2022 Distributions

Franklin Street Properties Corporation (NYSE:FSP ) Q3 2022 Earnings Conference Call November 2, 2022 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary John Demeritt - EVP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeffrey Carter - President & CIO Conference Call Participants Operator Good morning. Thank you for attending today's Franklin Street Properties Corp. Q3 2022 Earnings Call.

Franklin Street Properties Corporation (FSP) Q3 2022 Earnings Call Transcript

Franklin Street (FSP) delivered FFO and revenue surprises of 0% and 7.06%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street Properties (FSP) Q3 FFO Meet Estimates

Franklin Street Properties Corp. Announces Third Quarter 2022 Results

Franklin Street Properties Corp. to Announce Third Quarter 2022 Results

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WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today the completion of the sale of 380 Interlocken Crescent and 390 Interlocken Crescent in Broomfield, Colorado (together, the “Property”) for aggregate gross proceeds of $102.5 million. The Company expects to record an aggregate gain of approximately $24 million in the third quarter of 2022 in connection with the sale

Franklin Street Properties Corp. Announces the Completion of the Sale of 380 Interlocken Crescent and 390 Interlocken Crescent for Aggregate Gross Proceeds of $102.5 Million

Franklin Street Properties Corp (NYSE:FSP ) Q2 2022 Results Earnings Conference Call August 6, 2022 11:00 AM ET Company Participants Scott Carter - Executive Vice President, General Counsel and Secretary John Demeritt - Executive Vice President and Chief Financial Officer George Carter - Chief Executive Officer and Chairman John Donahue - Executive Vice President of FSP Corp. and President of FSP Property Management LLC Jeffrey Carter - President and Chief Investment Officer Conference Call Participants Nicholas Thillman - Robert W. Baird Craig Kucera - B.

Franklin Street Properties Corp (FSP) CEO George Carter on Q2 2022 Results - Earnings Call Transcript

Franklin Street (FSP) delivered FFO and revenue surprises of -9.09% and 2.39%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street Properties (FSP) Q2 FFO Lag Estimates

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the second quarter ended June 30, 2022. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the third quarter of 2022 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate assets. Our obje

Franklin Street Properties Corp. Announces Second Quarter 2022 Results

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the second quarter 2022 after the market closes on Tuesday, August 2, 2022. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, August 3, 2022. To access the call, please dial 1-844-200-6205 and use a

Franklin Street Properties Corp. to Announce Second Quarter 2022 Results

The heavy selling pressure might have exhausted for Franklin Street (FSP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Franklin Street (FSP) Loses 6.9% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Due to the rising popularity of WFA culture, Franklin Street Properties is facing a situation of declining occupancy, as well as lease termination in the coming years. In order to create value for its investors, FSP intends to dispose of properties, and use those proceeds to reduce debt, buy back shares, and pay dividends.

Franklin Street Properties: Not My Kind Of Gamble

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a quarterly dividend of $0.01 per share of common stock for the period April 1, 2022 through June 30, 2022, payable on August 11, 2022 to stockholders of record as of July 19, 2022. In addition, FSP announced today that its Board of Directors has adopted a variable quarterly dividend policy, which replaces its previou

Franklin Street Properties Corp. Declares Quarterly Dividend and Adopts Variable Quarterly Dividend Policy

Franklin Street Properties Corp (NYSE:FSP ) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET Company Participants Scott Carter - Executive VP, General Counsel & Secretary John Demeritt - Executive VP, CFO & Treasurer George Carter - Chairman & CEO John Donahue - EVP Jeffrey Carter - President & CIO Conference Call Participants Nicholas Thillman - Robert W. Baird Operator Good morning, and thank you for attending today's Franklin Street Properties Corp. Q1 2022 Earnings Call.

Franklin Street Properties Corp (FSP) CEO George Carter on Q1 2022 Results - Earnings Call Transcript

Franklin Street (FSP) delivered FFO and revenue surprises of -8.33% and 2.81%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Franklin Street Properties (FSP) Lags Q1 FFO Estimates

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the first quarter ended March 31, 2022. George J. Carter, Chairman and Chief Executive Officer, commented as follows: “As the second quarter of 2022 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate assets. Our obj

Franklin Street Properties Corp. Announces First Quarter 2022 Results

News for Franklin Street Properties Corp. Stock (FSP)