)
Franklin Street Properties (FSP) investor relations material
Franklin Street Properties Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Portfolio comprised 14 owned office properties totaling 4.8 million sq. ft., focused in Dallas, Denver, Houston, and Minneapolis as of September 30, 2025.
Board and financial advisor BofA Securities are conducting a comprehensive strategic review, including potential sale, asset sales, or refinancing, initiated in May 2025.
Board declared a $0.01 per share dividend for Q3 2025.
Reported a GAAP net loss of $8.3 million for Q3 2025 and $37.6 million for the nine months ended September 30, 2025, with continued focus on improving leasing and occupancy.
Portfolio leasing activity showed modest improvement, with national office vacancy rates declining slightly for the first time since early 2019.
Financial highlights
Q3 2025 revenues were $27.3M, down $2.4M year-over-year, mainly due to property sales and lower occupancy.
Net loss per share was $0.08 for Q3 2025 and $0.36 for the nine months, compared to $0.15 and $0.43, respectively, in the prior year.
Funds From Operations (FFO) for Q3 2025 was $2.3M ($0.02/share), down from $2.7M in Q3 2024.
Adjusted Funds From Operations (AFFO) were negative $3.2M for Q3 and negative $4.4M for the nine months.
Nine-month 2025 revenues were $81.1M, down $10.6M year-over-year; net loss was $37.6M, improved from $44.2M in 2024.
Outlook and guidance
Management expects continued pressure on leasing and occupancy due to economic and geopolitical factors.
Guidance for Net Income, FFO, and property dispositions remains suspended due to economic uncertainty and unpredictability of disposition proceeds.
Management notes signs of stabilization in office demand and increased tenant activity but remains cautious.
Substantial doubt exists about the ability to continue as a going concern due to $248.9M in debt maturing April 1, 2026.
Management is pursuing refinancing, asset sales, or other transactions to address debt maturities.
Next Franklin Street Properties earnings date
Next Franklin Street Properties earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)