Why Franklin Street Properties Stock Popped 27% This Week
Shares of real estate investment trust (REIT) Franklin Street Properties (NYSEMKT: FSP) rose as much as 27% at one point during the week, according to data from S&P Global Market Intelligence. By the start of trading on Friday Nov. 12, the stock was holding on to virtually all of that impressive gain, sitting with a week-to-date increase of 26.5%. The big story was the REIT's earnings release on Nov. 8, but it requires a little bit of effort to sort through what's going on
The first headline in Franklin Street Properties' earnings release speaks volumes here: "Strong Execution on our 2021 Strategy to Reduce Debt and Lease Space." That text was actually italicized and bolded, with headlines for the quarterly net income of $0.04 per share and funds from operations (FFO) of $0.14 following far less prominently, with just italicized text. Obviously, management wants investors to focus on its debt reduction and leasing efforts.
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Source Fool.com
