Franklin Street Properties Corp. filed its quarterly report on Form 10-Q with the SEC on October 27, 2026, covering the period ended September 30, 2026, and reporting a net loss of $9,103 thousand for the third quarter.

Key Highlights

  • Q3 2026 net loss: $9,103 thousand, compared to a net loss of $8,326 thousand in Q3 2025, according to the filing.
  • Nine-month net loss: $35,235 thousand for the nine months ended September 30, 2026, versus $37,637 thousand for the same period in 2025.
  • Total revenues: Rental revenue of $24,934 thousand in Q3 2026, down from $27,300 thousand in Q3 2025; nine-month rental revenue was $77,514 thousand versus $81,122 thousand.
  • Net loss per share: $(0.09) basic and diluted for Q3 2026, and $(0.34) for the nine months ended September 30, 2026.
  • Total assets: $853,454 thousand as of September 30, 2026, compared to $892,884 thousand as of December 31, 2025.
  • Total stockholders' equity: $570,885 thousand as of September 30, 2026, down from $606,977 thousand at December 31, 2025.
  • Shares outstanding: 104,011,708 shares of common stock as of October 22, 2026.

Franklin Street Properties Q3 2026 Financial Results and Balance Sheet Overview

According to the filing, Franklin Street Properties Corp. (NYSE American:FSP) reported total revenues of $24,934 thousand for the three months ended September 30, 2026, consisting entirely of rental revenue. This compared to $27,300 thousand in the same quarter of 2025. Total expenses for Q3 2026 were $33,212 thousand, including interest expense of $7,819 thousand, real estate operating expenses of $10,600 thousand, and depreciation and amortization of $10,500 thousand. The company also recorded a loss on extinguishment of debt of $1,015 thousand in Q3 2026, the filing disclosed.

For the nine months ended September 30, 2026, the filing reported a net loss of $35,235 thousand, an improvement from the $37,637 thousand net loss in the comparable prior-year period. The nine-month results included a loss on extinguishment of debt of $2,282 thousand and a net loss on sale of properties and impairment of assets held for sale of $7,688 thousand, according to the filing. Interest expense for the nine-month period rose to $22,618 thousand from $18,378 thousand in the prior-year period.

On the balance sheet, the filing reported real estate assets, net, of $754,279 thousand as of September 30, 2026, compared to $793,722 thousand at December 31, 2025. The company's debt structure changed materially: as of September 30, 2026, the filing showed Initial Term Loans, less unamortized financing costs and OID of $19,554, of $247,298 thousand, while the prior term loans payable and Series A and B Senior Notes carried at December 31, 2025 had been retired. Cash, cash equivalents and restricted cash stood at $34,851 thousand. Accumulated distributions in excess of accumulated earnings reached $(764,891) thousand as of September 30, 2026.

What Was Disclosed

Franklin Street Properties disclosed its unaudited consolidated financial statements for Q3 2026, showing declining rental revenues, an increased net loss compared to Q3 2025, a restructured debt position, and reduced total assets and stockholders' equity relative to year-end 2025.