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Franklin Street Properties Q4 Net Income Falls 15 Percent

Feb 22, 2012 | Reprints | Unlock Link | Print

Franklin Street Properties Corp. a Wakefield-based investment firm specializing in real estate, reported funds from operations of $18.5 million and $71.2 million, for the fourth quarter and year ended Dec. 31, 2011, respectively.

The company also announced net income of $5.1 million and $43.5 million, and earnings for the fourth quarter and year ended Dec. 31, 2011, respectively.

The company said four-quarter net income and earnings per share decreased $800,000 from the same period in 2010. Funds from operations rose $900,000.

Commercial & Industrial