Carter Jeffrey B

President & CIO Carter buys 18,500 shares (18.5K) at $2.12 in FSP, first open-market purchase; company unprofitable with -12.0% annual revenue decline

Carter Jeffrey B, President & CIO, made an inaugural open-market purchase of 18,500 shares (18.5K shares) at $2.12 on 2024-12-16, building a new position where he previously held zero shares. The transaction occurs within a deteriorating financial backdrop: FRANKLIN STREET PROPERTIES reported a net income of $-7,552,000.00 ($-7.6M) over its most recent full fiscal year and recorded quarterly revenue of $29,682,000.00 ($29.7M) against an annual revenue growth of -12.0% year-over-year. While the stock has appreciated 14.2% over the trailing 30 days and 20.1% over 90 days, it remains 22.3% below its 52-week high of $2.69 and trades at $2.09 (versus the $2.12 purchase price), indicating recent but modest gains. An insider acquisition by a top-ranking officer in an unprofitable company experiencing revenue contraction warrants attention to understand the rationale behind deploying capital at this juncture.