Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2009 Results Feb 23, 2010 05:06PM

WAKEFIELD, MA -- (MARKET WIRE) -- 02/23/10 -- Franklin Street Properties Corp. (the "Company," "FSP," "we" or "our") (NYSE Amex: FSP), an investment firm specializing in real estate, announced today Funds From Operations (FFO) of $19.1 million and $71.4 million or $0.24 and $0.98 per share for the fourth quarter and year ended December 31, 2009, respectively. The Company also announced Net Income of $8.3 million and $27.9 million and Earnings Per Share (EPS) of $0.10 and $0.38 for the fourth quarter and year ended December 31, 2009, respectively. The Company also provided an update on other activities. The Company evaluates its performance based on Net Income, EPS, FFO, Gains on Sales (GOS) and FFO+GOS, and believes each is an important measure. A reconciliation of Net Income to FFO and FFO+GOS, which are non-GAAP financial measures, is provided below. (in 000's except per share data) Three Months Ended December 31, Year Ended December 31, ...