Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2023 Results
Franklin Street Properties Corp. (FSP)
NASDAQ:AMEX Investor Relations:
franklinstreetproperties.com
Company Research
Source: Business Wire
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 year ended December 31, 2023.George J. Carter, Chairman and Chief Executive Officer, commented as follows:“As the first quarter of 2024 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. We will seek to increase shareholder value by continuing to (1) pursue the sale of select properties where we believe that short to intermediate term valuation potential has been reached and (2) strive to increase occupancy through the leasing of vacant space. We intend to use proceeds from property dispositions primarily for debt reduction.During the fourth quarter of 2023, we sold two office properties for aggregate gross proceeds of approximately $116 million. On October 26, 2023, we s
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FSP
News
- Franklin Street Properties: Positive Debt Extensions And Low Multiple (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Franklin Street Properties: Price Correction Creates Opportunity [Seeking Alpha]Seeking Alpha
- Franklin Street Properties Corp. to Announce First Quarter 2024 ResultsBusiness Wire
- Franklin Street Properties Corp. (NYSE: FSP) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Franklin Street Properties Corp. (NYSE: FSP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
FSP
Earnings
- 2/26/24 - In-Line
FSP
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- FSP's page on the SEC website