Frankline Street Properties | 10-Q: FY2025 Q3 Revenue: USD 27.3 M

Revenue: As of FY2025 Q3, the actual value is USD 27.3 M.

EPS: As of FY2025 Q3, the actual value is USD -0.08.

EBIT: As of FY2025 Q3, the actual value is USD 3.882 M.

Segment Revenue

• Rental Revenue: For the three months ended September 30, 2025, rental revenue was $27.3 million, a decrease from $29.7 million in the same period in 2024. For the nine months ended September 30, 2025, rental revenue was $81.1 million, down from $91.7 million in 2024.

Operational Metrics

• Net Loss: The net loss for the three months ended September 30, 2025, was $8.3 million, compared to a net loss of $15.6 million for the same period in 2024. For the nine months ended September 30, 2025, the net loss was $37.6 million, compared to $44.2 million in 2024.
• Depreciation and Amortization: Depreciation and amortization expenses were $10.6 million for the three months ended September 30, 2025, and $32.0 million for the nine months ended September 30, 2025.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities was $0.1 million for the nine months ended September 30, 2025.
• Investing Cash Flow: Net cash used in investing activities was $6.5 million for the nine months ended September 30, 2025.
• Financing Cash Flow: Net cash used in financing activities was $4.5 million for the nine months ended September 30, 2025.

Unique Metrics

• Segment Net Operating Income (NOI): For the three months ended September 30, 2025, Segment NOI was $11.4 million, compared to $12.6 million for the same period in 2024. For the nine months ended September 30, 2025, Segment NOI was $34.8 million, compared to $40.9 million in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focused on infill and central business district office properties in the U.S. Sunbelt and Mountain West regions, with a strategy to pursue select property dispositions to repay debt and enhance shareholder value.
• Non-Core Business: The company is exploring strategic alternatives, including a sale of the company, asset sales, and refinancing of existing indebtedness to maximize shareholder value.
• Priority: The company aims to extend or refinance its existing debt, which totals approximately $248.9 million and matures on April 1, 2026, to avoid potential defaults and maintain financial stability.