Franklin Street Properties Corp. Announces Fourth Quarter / Annual 2018 Results and 2019 Guidance
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Franklin Street Properties (FSP) Reports In-Line Q4 EPS, Revenues Beat; Offers FY19 EPS Guidance Below Consensus
February 12, 2019 4:32 PM ESTFranklin Street Properties (NYSE: FSP) reported Q4 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $66.58 million versus the consensus estimate of $65.5 million.
George J. Carter, Chairman and Chief Executive Officer, commented as follows:
Leasing activity within our property portfolio of 32 operating and 3 redevelopment properties continued to be solid during the fourth quarter of 2018, with approximately 398,000 square feet leased during the quarter. This leasing activity contributed to making 2018 a record year of leasing at FSP, with approximately 1,681,000 square feet leased during the year. We also continued to see... More
