Franklin Street Properties 3Q 2026: Revenue $24.9M, Net loss $9.1M, EPS ($0.09) — 10-Q Summary

Franklin Street Properties reported third-quarter 2026 revenue of $24.9 million, down 8.7% from $27.3 million a year earlier, and a net loss of $9.1 million, compared with a $8.3 million loss in the prior-year quarter. Diluted EPS was a loss of $0.09, versus a loss of $0.08.

Financial Highlights

• Revenue was $24.9M, compared with $27.3M in the prior-year quarter; YoY change (8.7%).
• Net loss was $9.1M, compared with a net loss of $8.3M in the prior-year quarter; the loss widened by $777K.
• Diluted EPS was ($0.09), compared with ($0.08) in the prior-year quarter.

Business Highlights

• Portfolio occupancy was 66.2% at September 30, down from 68.9% at year-end 2025, as lease expirations exceeded new leasing.
• The company leased 226,000 square feet during the first nine months, with an average lease term of 6.8 years; new leases averaged 11.5% above property rents.
• Franklin Street Properties continued a strategic review with financial advisers and identified asset and subportfolio sale opportunities to pursue in the fourth quarter.
• Management is focused on improving occupancy, extending lease duration, controlling operating costs and directing capital toward leasing and property improvements. Nine-month rental revenue declined $3.6 million, primarily because of property sales and lease expirations; management cited larger leasing prospects but noted that market uncertainty could delay activity.

Original SEC Filing: FRANKLIN STREET PROPERTIES CORP /MA/ [ FSP ] - 10-Q - Oct. 27, 2026