Franklin Street Properties (NYSE: FSP) reported Q1 EPS of $0.04, in-line with the analyst estimate of $0.04.

FFO was $28.5 million or $0.27 per share for the first quarter ended March 31, 2017

“With the second quarter of 2017 underway, FSP continues to expect to see Funds From Operations (FFO) growth for the full year, resulting in our expectation that full year FFO will be between approximately $1.04 and $1.08 per diluted share. We continue to expect growth to be led by contributions from increased leasing activity at our properties, full year contribution from our 2016 acquisitions and anticipated successful results from our redevelopment of 801 Marquette in downtown Minneapolis. Over the past several years, the portfolio transition efforts at FSP have resulted in positioning a significant portion of our portfolio into urban and infill locations. Over 75% of our portfolio is now located within our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis. We are optimistic about our prospects for long-term sustainable growth and look forward with anticipation to the remainder of 2017 and beyond.”

For earnings history and earnings-related data on Franklin Street Properties (FSP) click here.