Franklin Street Properties Corp. Announces Fourth Quarter / Annual 2019 Results and 2020 Guidance
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Franklin Street Properties (FSP) Tops Q4 EPS by 2c, Revenues Beat; Offers FY20 EPS Guidance Below Consensus
February 11, 2020 4:40 PM ESTFranklin Street Properties (NYSE: FSP) reported Q4 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $69 million versus the consensus estimate of $68.01 million.
Highlights
Net Income was $3.6 million and $6.5 million, or $0.03 and $0.06 per basic and diluted share, for the fourth quarter and year ended December 31, 2019, respectively. FFO was $26.8 million and $97.5 million, or $0.25 and $0.91 per basic and diluted share, for the fourth quarter and year ended December 31, 2019, respectively.Adjusted Funds From Operations (AFFO) was $0.01 and $0.19 per basic and diluted share... More