FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) Form 8-K — Oct 27, 2026
Franklin Street Properties (NYSE American: FSP) reported a Q3 2026 net loss of $9.1 million ($0.09/share) on rental revenue of $24.9 million, with FFO of $1.4 million ($0.01/share) and negative AFFO of $0.9 million. The 13-property, 4.6 million square-foot office portfolio fell to 66.2% leased from 68.9% at year-end 2025, as lease expirations outpaced new leasing, though signed rents of $33.57/sf ran 11.5% above prior averages.
Key figures
- Revenue
- 24934000
- Total Debt
- 266852000
- Revenue Yoy
- -8.7% (Q3 rental revenue $24.9M vs $27.3M in Q3 2025)
- Total Assets
- 853454000
- Cash Position
- 34851000
- Shares Outstanding
- 104011708
- Q3 ffo
- 1435000
- Percent leased
- 66.2% vs 68.9% at Dec 31, 2025
- Q3 ffo per share
- 0.01
- Closing share price
- 0.38
- Nine month net loss
- 35235000
- Debt repayment from sale
- 8500000
- Debt to total market cap
- 87.1%
- Greenwood plaza sale price
- 19400000
- Dividend savings annualized
- 4100000
- Interest rate on term loans
- 9.00%
- Net debt to adjusted ebitda
- 5.6
- G A expense reduction nine months
- 2600000
AI analysis
Red flags6 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.