FRANKLIN STREET PROPERTIES CORP /MA/

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

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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$0.39-10.0%Stored close · as of Nov 9, 2026

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Contents

PART I			1
Item 1.		Business	1
Item 1A.		Risk Factors	8
Item 1B.		Unresolved Staff Comments	17
Item 1C.		Cybersecurity	17
Item 2.		Properties	18
Item 3.		Legal Proceedings	21
Item 4.		Mine Safety Disclosures	21

PART II			22
Item 5.		Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	22
		Stock Performance Graph	22
Item 6.		[Reserved]	23
Item 7.		Management’s Discussion and Analysis of Financial Condition and Results of Operations	23
Item 7A.		Quantitative and Qualitative Disclosures About Market Risk	40
Item 8.		Financial Statements and Supplementary Data	40
Item 9.		Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	40
Item 9A.		Controls and Procedures	41
Item 9B.		Other Information	42
Item 9C.		Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	42

PART III			43
Item 10.		Directors, Executive Officers and Corporate Governance	43
Item 11.		Executive Compensation	43
Item 12.		Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	43
Item 13.		Certain Relationships and Related Transactions, and Director Independence	43
Item 14.		Principal Accounting Fees and Services	43

PART IV			44
Item 15.		Exhibits and Financial Statement Schedules	44

SIGNATURES	47

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