Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32470 Franklin Street Properties Corp. (Exact name of registrant as specified in its charter) (State or othe ...

Franklin Street Properties Corp. (NYSE:FSP) Q4 2020 Earnings Conference Call February 17, 2021 11:00 AM ET Company Participants Scott Carter - General Counsel George Carter - CEO John Demeritt - CFO John Donahue - President, FSP Property Management LLC Jeffrey Carter - President and CIO Conference Call Participants Dave Rodgers - Baird Frank Lee - BMO Rob Stevenson - Janney Dave Rodgers - Baird Operator Good day and welcome to the Franklin Street Properties Corp. Q4 2020 and Year-End Earnings Call. [Operato ...

Property Holdings and Dispositions - The company owns 34 office properties across 10 states as of December 31, 2020, consisting of 32 operating properties and 2 redevelopment properties[25] - An office property in Durham, North Carolina was sold for approximately $89.7 million, resulting in a gain of approximately $41.9 million on December 23, 2020[26] - The company anticipates property dispositions in 2021 to generate estimated gross proceeds between $350 million and $450 million, primarily for debt repayment[27] - The company has adopted a strategy to dispose of certain properties where valuation objectives have been met, enhancing financial flexibility[27] - The company is focused on acquiring properties in excellent locations with substantial infrastructure to avoid speculative investments[29] Financial Performance and Strategy - The company aims to create shareholder value through increased revenue from rental, dividends, interest, and fees, as well as net gains from property sales[24] - As of February 5, 2021, none of the company's owned properties were subject to mortgage debt, providing financial flexibility[36] Workforce and Diversity - The company had 37 employees as of February 5, 2021, with women representing 48.6% of the workforce, and 50.0% of management roles held by women[38] Debt and Interest Rates - Total debt amounts to $923.5 million, with significant repayments scheduled for 2023 and 2025[288] - The BAML Revolver has a total of $3.5 million due in 2023[288] - The JPM Term Loan remains at $100 million with no repayments due until 2024[288] - The BAML Term Loan has a repayment of $400 million scheduled for 2023[288] - BMO Term Loan Tranche A has a total of $55 million due in 2021[288] - BMO Term Loan Tranche B has a repayment of $165 million due in 2025[288] - Series A Notes total $116 million, with repayments due in 2025[288] - Series B Notes total $84 million, with repayments due thereafter[288] - The company has no immediate repayment obligations for the BAML Revolver and JPM Term Loan until 2024[288] - Overall, the company has structured its debt with staggered repayment schedules to manage cash flow effectively[288] Interest Rate Risk Management - As of December 31, 2020, a 10% increase in market rates on outstanding borrowings would decrease future earnings and cash flows by approximately $5,000 and $153,000 annually for the BAML Revolver and JPM Term Loan, respectively[281] - The interest rate on the BAML Revolver was LIBOR plus 120 basis points, or 1.34% per annum, as of December 31, 2020[281] - The interest rates on the BMO Term Loan, BAML Term Loan, and JPM Term Loan were fixed through interest rate swap agreements, with rates of 2.47%, 3.64%, and 3.69% per annum, respectively[282] - The fair value of the 2017 Interest Rate Swap was $(2,947) thousand, while the 2019 JPM Interest Rate Swap was $(2,102) thousand as of December 31, 2020[283] - The notional value of the 2019 BMO Interest Rate Swap was $220,000 thousand, with a strike rate of 2.39% and expiration in January 2024[283] - The BAML Revolver matures on January 12, 2022, while the JPM Term Loan matures on November 30, 2021[287] - The company has the right to extend the maturity date of the BAML Revolver and JPM Term Loan with two additional six-month extensions[287] - The company has mitigated interest rate risk on the BAML Term Loan through the 2017 Interest Rate Swap until September 27, 2021[282] - The company requires derivatives contracts to be with counterparties that have investment grade ratings to manage counterparty credit risk[285] - The effective portion of the derivatives' fair value is recorded to other comprehensive income in the consolidated statements of other comprehensive income (loss)[286] Regulatory Compliance and Competition - The company is committed to compliance with various governmental regulations, including the Americans With Disabilities Act (ADA) and fire safety regulations, which may require substantial capital expenditures[33][34] - The company may face competition from larger firms with more resources, which could impact rental revenues and occupancy levels[31]

Franklin Street Properties Corp (NYSE:FSP) Q3 2020 Earnings Conference Call November 4, 2020 11:00 AM ET Company Participants Scott Carter - EVP, General Counsel & Secretary George Carter - Chairman & CEO John Demeritt - EVP, CFO & Treasurer John Donahue - EVP & President, FSP Property Management LLC Jeffrey Carter - President & CIO Conference Call Participants David Rodgers - Robert W. Baird & Co. Robert Stevenson - Janney Montgomery Scott Frank Lee - BMO Capital Markets Operator Good day, and welcome to t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to or organization) 401 Edgewater Place, Suite 200 Wakefield, MA 01880 (Address of principal executive offices)(Zip Code) (781) 557-130 ...

Franklin Street Properties Corp. (NYSE:FSP) Q2 2020 Results Earnings Conference Call August 5, 2020 11:00 AM ET Company Participants Scott Carter - General Counsel George Carter - Chief Executive Officer John Demeritt - Chief Financial Officer Jeff Carter - President and CIO John Donahue - President, FSP Property Management Conference Call Participants Rob Stevenson - Janney Frank Lee - BMO Nick Thillman - Baird Operator Good morning. Welcome to Franklin Street Properties Corporation Second Quarter 2020 Res ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32470 Franklin Street Properties Corp. (Exact name of registrant as specified in its charter) Maryland 04-357 ...

Call Start: 11:00 January 1, 0000 11:44 AM ET Franklin Street Properties Corp. (NYSE:FSP) Q1 2020 Earnings Conference Call May 1, 2020, 11:00 am ET Company Participants Scott Carter - General Counsel George Carter - CEO John Demeritt - CFO Jeff Carter - President & CIO John Donahue - President, FSP Property Management Eriel Anchondo - COO Toby Daley - EVP, FSP Property Management Will Friend - EVP, FSP Property Management Conference Call Participants Dave Rodgers - Baird Rob Stevenson - Janney Joab Dempsey ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Table of Contents UNITED STATES (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32470 Franklin Street Properties Corp. (Exact name of registrant as specified in its charter) Maryland 04-35 ...

Franklin Street Properties Corp. (NYSE:FSP) Q4 2019 Results Earnings Conference Call February 12, 2020 10:00 AM ET Company Participants Scott Carter - Executive Vice President, General Counsel, Secretary John Demeritt - Executive Vice President, Chief Financial Officer, Treasurer George Carter - Chief Executive Officer, Chairman of the Board John Donahue - Executive Vice President, President of FSP Property Management LLC Jeff Carter - President and Chief Investment Officer Conference Call Participants Dave ...