Franklin Street Properties Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 36.9 million compared to USD 40.37 million a year ago. Revenue was USD 36.9 million compared to USD 40.84 million a year ago. Net loss was USD 45.67 million compared to net income of USD 17.25 million a year ago. Basic loss per share from continuing operations was USD 0.44 compared to basic earnings per share from continuing operations of USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.44 compared to diluted earnings per share from continuing operations of USD 0.17 a year ago.
For the nine months, sales was USD 110.93 million compared to USD 122.99 million a year ago. Revenue was USD 110.94 million compared to USD 124.4 million a year ago. Net loss was USD 51.69 million compared to net income of USD 3.98 million a year ago. Basic loss per share from continuing operations was USD 0.5 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.5 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.