Brief: Franklin Street Properties Q2 Revenue USD 26.715 Million

Franklin Street Properties

29/07/2025 21:28

Overview

Franklin Street Properties Q2 net loss at $7.9 mln, FFO at $2.5 mln

Revenue for Q2 falls compared to last year

Company continues to explore strategic alternatives, including potential sales and refinancing of existing indebtedness

Outlook

Company suspends Net Income, FFO, and property disposition guidance due to economic uncertainty

Company plans to use net proceeds from property sales for debt repayment

Back-to-office initiatives expected to positively impact leasing and occupancy efforts

Result Drivers

OCCUPANCY DECLINE - Occupancy rate fell to 69.1% due to lease expirations

BACK-TO-OFFICE INITIATIVES - Prospective leasing activity encouraged by employers' return-to-office policies, notably in  Target Corp in Minneapolis

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$26.72 mln
Q2 Net Income
-$7.88 mln
Q2 Basic EPS
-$0.08
Q2 Dividend
$0.01
Q2 Real Estate Operating Expenses
$10.70 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the commercial reits peer group is "hold"

Wall Street's median 12-month price target for Franklin Street Properties Corp is $1.75, about 4.6% above its July 28 closing price of $1.67

Press Release: ID:nBw8WXgnZa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)