Wakefield-based Franklin Street Properties Corp. reported net income of $24.8 million for the first quarter ended March 31, a $19.2 million increase from the same time last year.
Franklin Street Properties also reported funds from operations (FFO) of $16.3 million for the first quarter, a $0.4 million decrease from the same time last year, according to a statement. The decrease in FFO was attributable to a decrease in real estate FFO of $1 million and was partially offset by an increase in investment banking FFO of $0.6 million.
The company also declared a regular quarterly dividend of 19-cents per share of common stock payable on May 20 to stockholders of record on April 29.





