FRANKLIN STREET PROPERTIES CORP /MA/

For the period ended Dec 31, 2025. Filed Mar 9, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 9, 2026

FSP$0.41+5.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Financial Statement Schedules — Schedule II and III

Schedule II

Franklin Street Properties Corp.

Valuation and qualifying accounts:


· · · · · Additions · · · · · ·
· · · · · (Decreases) · · · · · ·
· · Balance at · · charged to · · · · · Balance
(in thousands) · · beginning · · costs and · · · · · at end
Classification · · of year · · expenses · · Deductions · · of year

Allowance for doubtful accounts
2023	$17	(9)	—	8
2024	8	(8)	—	—
2025	—	—	—	—

Allowance for credit losses
2023	$4,237	(4,237)	—	—
2024	—	—	—	—
2025	—	—	—	—

SCHEDULE III

FRANKLIN STREET PROPERTIES CORP.

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2025


· · · · Initial Cost · · Historical Cost · · · · · · · · · · · · · · · · ·
· · · · · · · · · · Costs · · · · · · · · · · · · · · · · · · · · · · ·
· · · · · · · · · · Capitalized · · · · · Buildings · · · · · · · · Total Costs, · · · · · · · ·
(in thousands) · · · · · · · Buildings · · (Disposals) · · · · · Improvements · · · · · · · · Net of · · Depreciable · · · · Date of
· · Encumbrances · · · · · Improvements · · Subsequent to · · · · · and · · · · · Accumulated · · Accumulated · · Life · · Year · · Acquisition
Description	(1)	Land		and Equipment	Acquisition	Land		Equipment	Total (2)	Depreciation		Depreciation	Years	Built		(3)
	(in thousands)
Commercial Properties:
Park Ten, Houston, TX	—		$1,061		$21,303		$8,875		$565		$30,674		$31,239		$16,436		$14,803	5	-	39	1999	2002
Addison, Addison, TX	—		4,325		48,040		15,171		4,325		63,211		67,536		33,818		33,718	5	-	39	1999	2002
Greenwood, Englewood, CO	—		3,100		30,201		13,544		3,100		43,745		46,845		22,251		24,594	5	-	39	2000	2005
Eldridge Green, Houston, TX	—		3,900		43,791		12,423		3,900		56,214		60,114		27,321		32,793	5	-	39	1999	2004
Liberty Plaza, Addison, TX	—		4,374		21,146		13,774		4,280		35,014		39,294		16,923		22,371	5	-	39	1985	2006
Park Ten II, Houston, TX	—		1,300		31,712		8,944		1,300		40,656		41,956		18,153		23,803	5	-	39	2006	2006
121 South Eight Street, Minneapolis, MN	—		4,444		15,214		30,055		4,444		45,269		49,713		18,456		31,257	5	-	39	1974	2010
801 Marquette Ave South, Minneapolis, MN	—		4,184		—		28,318		4,184		28,318		32,502		9,028		23,474	5	-	39	1923	2010
Legacy Tennyson Center, Plano, TX	—		3,067		22,064		8,127		3,067		30,191		33,258		11,179		22,079	5	-	39	2008	2011
Westchase I & II, Houston, TX	—		8,491		121,508		28,348		8,491		149,856		158,347		51,828		106,519	5	-	39	2008	2012
1999 Broadway, Denver CO	—		16,334		137,726		44,463		16,334		182,189		198,523		63,446		135,077	5	-	39	1986	2013
1001 17th Street, Denver, CO	—		17,413		165,058		43,815		17,413		208,873		226,286		67,378		158,908	5	-	39	2006	2013
Plaza Seven, Minneapolis, MN	—		6,604		54,240		15,766		6,604		70,006		76,610		21,110		55,500	5	-	39	1987	2016
600 17th Street, Denver, CO	—		20,876		99,941		19,143		20,876		119,084		139,960		31,134		108,826	5	-	39	1982	2016
Balance — Real Estate	—		$99,473		$811,944		$290,766		$98,883		$1,103,300		$1,202,183		$408,461		$793,722

(1)	There are no encumbrances on the above properties.

(2)	The aggregate cost for Federal Income Tax purposes is $1,350,341.

(3)	Original date of acquisition by Sponsored Entity.

The following table summarizes the changes in the Company’s real estate investments and accumulated depreciation:


· · December 31,
(in thousands) · · 2025 · · 2024 · · 2023
Real estate investments, at cost:
Balance, beginning of year	$1,212,616	$1,257,173	$1,526,665
Acquisitions	—	—	19,695
Improvements	14,197	20,535	29,194
Assets held for sale	—	—	(118,644)
Dispositions	(24,630)	(65,092)	(199,737)
Balance, end of year - Real Estate	$1,202,183	$1,212,616	$1,257,173

Accumulated depreciation:
Balance, beginning of year	$377,708	$366,349	$423,417
Depreciation	36,411	37,746	45,558
Assets held for sale	—	—	(35,399)
Dispositions	(5,658)	(26,387)	(67,227)
Balance, end of year - Accumulated Depreciation	$408,461	$377,708	$366,349

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.