Franklin Street Properties CORP /MA/
Market Movers (8-K)
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Franklin Street Properties Corp. announced its second quarter 2026 financial results, highlighting progress on strategic alternatives and asset dispositions.
Worse than expected
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Franklin Street Properties Corp. has completed the sale of its Greenwood Plaza property in Colorado for $19.356 million, using a portion of the proceeds to repay debt.
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Franklin Street Properties Corp. held its 2026 Annual Meeting of Stockholders, where directors were elected, the independent auditor was ratified, and executive compensation was approved.
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Franklin Street Properties Corp. reported its first quarter 2026 financial results, highlighting a net loss of $9.5 million and ongoing strategic alternatives evaluation with expanded advisory services.
Worse than expected
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Franklin Street Properties Corp. announced a GAAP net loss of $8.3 million for Q3 2025, with FFO at $2.3 million, as it continues a strategic review process.
Capital raise
Worse than expected
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Franklin Street Properties Corp. announced the resignation of director Bruce J. Schanzer and the immediate appointment of Jennifer Bitterman to its Board of Directors, extending a cooperation agreement with Converium.
Quarterly Earnings (10-Q)
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Franklin Street Properties Corp. reported a net loss of $16.6 million for the second quarter of 2026, with total revenues decreasing slightly to $26.4 million.
Worse than expected
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Franklin Street Properties Corp. reported a narrowed net loss for the first quarter of 2026, driven by reduced expenses and a significant debt refinancing, though rental revenues saw a slight decline.
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Franklin Street Properties Corp. reports a substantial doubt about its ability to continue as a going concern due to significant debt maturities in April 2026, despite efforts to refinance and sell assets.
Worse than expected
Capital raise
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10-Q: Franklin Street Properties Faces Going Concern Doubt Amid Declining Revenue and Debt Maturities
Franklin Street Properties Corp. reported a significant net loss and declining revenues for the second quarter and first half of 2025, alongside a 'going concern' warning due to substantial debt maturities in April 2026.
Capital raise
Worse than expected
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Franklin Street Properties Corp. reports a net loss for Q1 2025 and acknowledges substantial doubt about its ability to continue as a going concern due to upcoming debt maturities.
Worse than expected
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10-Q: Franklin Street Properties Corp. Reports Q3 2024 Results Amidst Strategic Portfolio Adjustments
Franklin Street Properties Corp. reports a net loss for Q3 2024, impacted by property sales and impairments, while also showing a decrease in operating expenses.
Worse than expected
Annual Reports (10-K)
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10-K: Franklin Street Properties Corp. Reports Full-Year 2024 Results Amidst Challenging Market Conditions
Franklin Street Properties Corp. reports a net loss for 2024, impacted by property dispositions and challenging economic conditions, while focusing on debt repayment and strategic portfolio adjustments.
Worse than expected
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Franklin Street Properties Corp. has amended its Note Purchase Agreement, prepaid a portion of its senior notes, and refinanced its existing credit agreements.
Insider Trading (Form 4)
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Director Jennifer Bitterman acquired 80,342 shares of Franklin Street Properties Corp. as part of a stock incentive plan.
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Director Georgia Murray acquired 80,342 shares of Franklin Street Properties Corp. common stock as part of a stock incentive plan.
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Director Dennis J. McGillicuddy acquired 80,342 shares of Franklin Street Properties Corp. as part of a stock incentive plan.
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Director John N. Burke acquired 80,342 shares of Franklin Street Properties Corp. common stock as part of a stock incentive plan.
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Form 4: Franklin Street Properties Director Acquires Shares Through Incentive Plan, Updates Trust Holdings
A recent SEC Form 4 filing reveals Franklin Street Properties Corp. Director Milton P. Wilkins Jr. acquired 24,725 shares of common stock through an incentive plan and updated the reporting of shares held in a revocable living trust.
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A director at Franklin Street Properties Corp. has reported the acquisition of 24,725 shares of common stock under an incentive plan and the transfer of a significant portion of his existing direct holdings into a revocable living trust.
Better than expected
Proxy Statements (Def-14A)
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Franklin Street Properties Corp. announces its 2026 Annual Meeting of Stockholders to be held virtually on May 14, 2026.
Worse than expected
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Franklin Street Properties Corp. is holding its Annual Meeting on May 15, 2025, and is providing stockholders with information on how to vote on key proposals.
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Franklin Street Properties Corp. will hold its 2025 Annual Meeting of Stockholders virtually on May 15, 2025, to vote on the election of directors, ratification of the independent auditor, and executive compensation.
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DEFA14A: Franklin Street Properties Corp. Sets Date for 2024 Annual Meeting, Outlines Voting Matters
Franklin Street Properties Corp. will hold its annual meeting on May 16, 2024, featuring proposals for director elections, auditor ratification, and executive compensation approval.
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Franklin Street Properties Corp. will hold its 2024 Annual Meeting of Stockholders virtually on May 16, 2024, to vote on the election of directors, ratification of the independent auditor, and executive compensation.
Schedule 13D - Activist Investments
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Franklin Street Properties Corp. announced the appointment of Jennifer Bitterman to its Board of Directors as a Replacement Director, following Bruce Schanzer's resignation.
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Converium Capital Inc. and Aaron Stern have disclosed a beneficial ownership of 6.3% of Franklin Street Properties Corp.'s common stock, acquired for approximately $13.2 million.
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Investment firm Converium Capital Inc. and its controlling person Aaron Stern have disclosed a 5.1% beneficial ownership stake in Franklin Street Properties Corp., stating the securities are undervalued and they intend to engage management on corporate governance, operations, and strategic initiatives.
Better than expected
Schedule 13G - Passive Investments
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Bank of America Corporation has filed an amended Schedule 13G, reporting a 5.0% beneficial ownership stake in Franklin Street Properties Corp.
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Bank of America Corporation has reported a 5.4% beneficial ownership stake in Franklin Street Properties Corp, holding over 5.6 million shares.
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Jonathan B. Odle has filed an amended Schedule 13G, disclosing beneficial ownership of 2.89% of Franklin Street Properties Corp. common stock.