FSP at a glance
FRANKLIN STREET PROPERTIES CORP /MA/ (FSP, SEC CIK 1031316) filed its latest 10-K annual report on March 9, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on July 28, 2026 and Form 4 insider filings as recently as May 29, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) reported revenue of $107.2 million (down 10.8% from FY2024) and a net loss of $45.0 million. Diluted EPS was -$0.43.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $107.2M
- −10.8% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- Latest 8-K
- Jul 28, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: REIT focusing on commercial office real estate leasing, property dispositions, and asset/property management fees
- New emphasis on infill and central business district office properties in U.S. sunbelt and mountain west regions
- Strategic shift: discontinued investment banking segment since 2011, renewed focus solely on real estate operations
- Owned property count 14 as of December 31, 2025, with focus on long-term growth and appreciation
- Geographic expansion targeting opportunistic markets within sunbelt and mountain west, driven by macro-economic growth potential
Risk Factors
- Regulatory risk: Texas Franchise Tax on revenues from Texas properties totaling $189,000 in 2025 impacting tax expenses
- Macroeconomic threat: Interest rate increase risk on 50.6% unhedged variable rate debt affecting cash flow and refinancing capacity
- Operational vulnerability: Declining leased space to 68.9% as of December 31, 2025, down from 70.3% in 2024, reducing rental income
- Market disruption risk: Competitive pressure from regional real estate markets in Sunbelt and Mountain West affecting property valuation and leasing
- Financial risk: Significant loss on property sales, e.g., $12.9 million loss on Indianapolis property sold in June 2025 impacting net income
Management Discussion & Analysis
- Revenue primarily from real estate rental and leasing operations; no specific FY2026 revenue or YoY amounts disclosed
- No reported profitability or margin % figures in FY2026 MD&A section
- Single segment: real estate operations in Dallas, Denver, Houston, Minneapolis totaling ~4.8 million sq ft; no segment performance breakdown
- Closed $320M secured credit facility Feb 2026; repaid $249M prior debt; $275M initial term loans plus $45M delayed draw term loans for improvements
- Management ongoing strategic review due to low transaction volume, constrained lending; risks from economic conditions, interest rates, COVID-19, geopolitical events impacting asset values and operations
AI summary of the FSP 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Portfolio 4.8 million square feet across Dallas, Denver, Houston and Minneapolis as of June 30, 2026
- $320 million secured credit facility closed February 26, 2026, refinancing approximately $249 million outstanding debt
- Up to $45 million delayed-draw capacity for tenant improvements, leasing commissions and building improvements
- Outlook risks: interest rates, inflation, debt-market disruptions, tariffs, energy prices and weaker office demand
Risk Factors
- No material changes disclosed from 2025 Form 10-K risk factors
- Additional unknown or currently immaterial risks could materially adversely affect operations
- New Credit Agreement dated February 26, 2026, potentially changes financing-related risk exposure
- No defaults upon senior securities reported for the quarter
AI summary of the FSP 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026
- Press release furnished as Exhibit 99.1 contains financial results and management commentary
Item EX-99.1: Item EX-99.1
- Q2 net loss $16.6M, or $0.16 per share, while FFO was $1.6M, or $0.02 per share
- Portfolio leased rate fell to 67.4% from 68.9%, signaling continued occupancy pressure despite 170,000 square feet leased
Item 2.01: Completion of Acquisition or Disposition of Assets
- FSP sold 196,236-square-foot Greenwood Plaza office property in Englewood, Colorado for $19.356 million
- Approximately $8.5 million of proceeds applied to debt repayment, including interest and fees
Item EX-99.1: Item EX-99.1
- Property sold July 8, 2026 for $19.356M, generating net proceeds of $17.5M after credits, costs and taxes
- $8.5M of proceeds used for debt repayment, reducing borrowings by $7.5M after exit fees and legal costs
Item 5.07: Submission of Matters to a Vote of Security Holders
- Five directors elected for one-year terms through 2027, with Jennifer Bitterman receiving the strongest support at 53,262,700 votes
- Director opposition notable, ranging from 12,342,193 to 21,318,386 votes against
AI summaries of FSP 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for FSP
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| MCGILLICUDDY DENNIS J | A | May 28, 2026 | 80,342 | - |
| Bitterman Jennifer | A | May 28, 2026 | 80,342 | - |
| Burke John N | A | May 28, 2026 | 80,342 | - |
| Murray Georgia | A | May 28, 2026 | 80,342 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $145.7M | $120.1M | $107.2M |
| Net Income | -$48.1M | -$52.7M | -$45.0M |
| Net Margin | -33.0% | -43.9% | -42.0% |
| Balance Sheet | |||
| Total Assets | - | $946.9M | $892.9M |
| Equity | $712.8M | $655.9M | $607.0M |
| ROE | -6.7% | -8.0% | -7.4% |
| Per Share | |||
| EPS | $-0.47 | $-0.51 | $-0.43 |
| Cash Flow | |||
| Operating CF | $17.9M | $9.0M | $3.8M |
| CapEx | $31.6M | $25.2M | $16.4M |
Source: XBRL data in FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
FSP filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| SC 13G | Aug 3, 2026 | - | - | |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| 10-Q | Jul 28, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 13, 2026 | - | Analysis | - |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 8-K | May 14, 2026 | - | Analysis | |
| 10-Q | Apr 28, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 10-K | Mar 9, 2026 | Dec 31, 2025 | Analysis | |
| 8-K | Mar 9, 2026 | - | Analysis | - |
| 8-K | Mar 4, 2026 | - | Analysis | - |
| SC 13G | Nov 14, 2025 | - | - | |
| 10-Q | Oct 28, 2025 | Sep 30, 2025 | Analysis | |
| 10-Q | Jul 29, 2025 | Jun 30, 2025 | - | |
| 10-Q | Apr 29, 2025 | Mar 31, 2025 | - | |
| SC 13D | Mar 26, 2025 | - | - | |
| 10-K | Feb 11, 2025 | Dec 31, 2024 | - | |
| SC 13G | Nov 14, 2024 | - | - | |
| SC 13G | Nov 8, 2024 | - | - | |
| SC 13D | Nov 5, 2024 | - | - | |
| 10-Q | Oct 29, 2024 | Sep 30, 2024 | - | |
| SC 13G | Oct 22, 2024 | - | - |
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FSP SEC filings: frequently asked questions
What was FSP's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) reported revenue of $107.2 million (down 10.8% from FY2024) and a net loss of $45.0 million. Diluted EPS was -$0.43. The figures come from the XBRL data in the 10-K.
What are the main risks in FSP's latest 10-K?
In the 10-K filed March 9, 2026, FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) flagged: Regulatory risk: Texas Franchise Tax on revenues from Texas properties totaling $189,000 in 2025 impacting tax expenses. Macroeconomic threat: Interest rate increase risk on 50.6% unhedged variable rate debt affecting cash flow and refinancing capacity. (AI summary of the Risk Factors section.)
What did FSP report in its latest 8-K?
FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) filed an 8-K on July 28, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results covered quarter ended June 30, 2026.
What are the latest FSP SEC filings?
FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) filed its latest 10-K annual report on March 9, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on July 28, 2026 and a Form 4 insider filing on May 29, 2026.
What is FSP's SEC CIK number?
FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)'s SEC Central Index Key (CIK) is 1031316. EDGAR lists every FSP filing under that number.
Ask anything about FSP
The research agent reads FSP's filings, financials, insider trades and 13F holders, then answers with sources.