Franklin Street Properties Corp. Announces Second Quarter 2026 Results
Franklin Street Properties reported Q2 revenue of $26.4 million, down 1.3% year-over-year, with a GAAP net loss of $16.6 million. FFO came in at $0.02 per share, while AFFO was $0.01 per share. The company is proceeding with an expanded strategic review led by BofA Securities and JLL. It recently refinanced debt and sold the Greenwood Plaza property for $19.4 million, using $8.5 million of proceeds to repay debt.
Key figures
- Ffo
- 0.02
- Affo
- 0.01
- Revenue
- 26355000
- Revenue Yoy
- -1.3%
- Debt repayment
- 8500000
- Leased percentage
- 67.4%
- G a expenses reduction
- 1700000
- Property sale proceeds
- 19400000
- Weighted avg rent increase
- 7.4%
AI analysis
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