FSP · 10-Q · 2026Q1 · Full report

Geographic market commentary

FRANKLIN STREET PROPERTIES CORP /MA/ · 2026-04-28 · Importance 10 · Surprise 6

The Company focuses on infill and central business district office properties in the U.S. sunbelt and mountain west regions, targeting long-term growth and appreciation. As of March 31, 2026, the entire owned portfolio (approximately 4.8 million square feet) was located in Dallas, Denver, Houston and Minneapolis. Management believes these regions have macro-economic drivers that could increase occupancies and rents and is positioning the portfolio to benefit from potential upturns. The portfolio concentration in these four metropolitan areas underpins leasing and disposition strategies.

Key facts

• As of March 31, 2026, the Company's total owned portfolio was approximately 4.8 million square feet located in Dallas, Denver, Houston and Minneapolis.