Investing.com - Franklin Street Properties reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Franklin Street Properties announced earnings per share of $0.170 on revenue of $40.84M. Analysts polled by Investing.com anticipated EPS of $0.020 on revenue of $37.77M.
Franklin Street Properties shares are down 58% from the beginning of the year and are trading at $2.910 , down-from-52-week-high.
Franklin Street Properties shares gained 0.34% in after-hours trade the report.
Franklin Street Properties follows other major Real Estate sector earnings this month
Franklin Street Properties's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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