The REIT reported a Q2 GAAP net loss of $16.6 million, improving from $26.1 million a year earlier due to lower costs.
Franklin Street Properties reported Q2 GAAP earnings per share of $0.16, alongside a net loss of $16.6 million for the quarter ended June 30, 2026. The company narrowed its net loss from $26.1 million in the same period last year, driven by reduced expenses.
For the six months ended June 30, 2026, the REIT posted a net loss of $26.1 million, or $0.25 per share, compared to a prior-year loss of $26.1 million. General and administrative expenses fell by $1.7 million year-over-year, attributed to lower personnel costs.
Funds from operations (FFO) for the quarter stood at $0.03, reflecting ongoing operational adjustments amid market conditions.