Franklin Street Properties (FSP) Reports Q1 FFO of $0.06

Franklin Street Properties (NYSE: FSP) reported Q1 FFO of $0.06, versus $0.16 reported last year. Revenue for the quarter came in at $63.36 million versus the consensus estimate of $63.85 million.

FFO Guidance

We are maintaining our full year net income or loss guidance for 2019, which is estimated to be in the range of a net loss of approximately $0.03 to net income of $0.03 per basic and diluted share, and are introducing guidance for the second quarter of 2019, which is estimated to be in the range of a net loss approximately $0.02 to $0.00 per basic and diluted share. We are maintaining our full year FFO guidance for 2019, which is estimated to be in the range of approximately $0.81 to $0.87 per basic and diluted share, and introducing guidance for the second quarter of 2019, which is estimated to be in the range of approximately $0.19 to $0.21 per basic and diluted share.

For earnings history and earnings-related data on Franklin Street Properties (FSP) click here.

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