Franklin Street reports Q3 EPS (44c) vs 17c last year

Reports Q3 revenue $36.903M vs $40.836M last year. “As the fourth quarter of 2023 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate assets. We will seek to increase shareholder value by continuing to pursue the sale of select properties where we believe that short to intermediate term valuation potential has been reached and strive to increase occupancy through the leasing of vacant space. We intend to use proceeds from property dispositions primarily for debt reduction.