Franklin Street Properties Corp. Q3 2025 Financial Results

Franklin Street Properties Corp. (FSP) announced its financial results for the third quarter ended September 30, 2025. The company reported a GAAP net loss of $8.3 million, or $0.08 per share, for the quarter. Funds From Operations (FFO) were $2.3 million, or $0.02 per share. The company's directly-owned real estate portfolio, consisting of 14 properties totaling approximately 4.8 million square feet, was 68.9% leased as of September 30, 2025, compared to 70.3% leased as of December 31, 2024. The decrease in leased percentage is attributed to lease expirations during the nine months ended September 30, 2025. FSP continues to focus on improving leasing and occupancy across its portfolio, with signs of stabilization and increased tenant activity in certain markets. The company is also undergoing a strategic review process to explore ways to maximize shareholder value, including potential asset sales or refinancing.