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The following table shows property information for our investments in non-consolidated REITs:
% Square % Leased InterestSingle Asset REIT name City State Feet 31-Dec-12 Held-------------------------- ----------- ----- --------- --------- ---------FSP 303 East Wacker Drive Corp. Chicago IL 857,245 55.7% 43.7%FSP Grand Boulevard Corp. Kansas City MO 535,071 80.5% 27.0% --------- --------- 1,392,316 65.2% --------- --------- Franklin Street Properties Corp. Earnings Release Supplementary Schedule F: Quarterly Information (Unaudited)(in thousands) Q1 Q2 Q3 Q4 AnnualRevenue: 2012 2012 2012 2012 2012 ------- ------- -------- ------- -------- Rental $36,303 $35,570 $ 38,251 $41,532 $151,656 Related party revenue: Management fees and interest income from loans 2,616 3,045 3,485 1,801 10,947 Other 34 39 39 87 199 ------- ------- -------- ------- -------- Total revenues 38,953 38,654 41,775 43,420 162,802 ------- ------- -------- ------- --------Expenses: Real estate operating expenses 8,697 8,604 9,639 10,501 37,441 Real estate taxes and insurance 5,696 5,493 5,764 5,960 22,913 Depreciation and amortization 13,071 13,004 13,572 15,225 54,872 Selling, general and administrative 2,077 2,236 3,141 2,462 9,916 Interest 3,677 4,037 4,187 4,167 16,068 ------- ------- -------- ------- -------- Total expenses 33,218 33,374 36,303 38,315 141,210 ------- ------- -------- ------- -------- Income before interest income, equity in earnings of non- consolidated REITs and taxes on income 5,735 5,280 5,472 5,105 21,592 Interest income 8 4 5 34 51 Equity in earnings of non-consolidated REITs 391 494 176 972 2,033 ------- ------- -------- ------- -------- Income before taxes on income 6,134 5,778 5,653 6,111 23,676 Taxes on income 79 77 80 99 335 ------- ------- -------- ------- -------- Income from continuing operations 6,055 5,701 5,573 6,012 23,341 ------- ------- -------- ------- -------- Discontinued operations: Income from discontinued operations, net of tax (317) (268) (271) (26) (882) Gain (loss) on sale, less applicable income tax - - (14,300) (526) (14,826) ------- ------- -------- ------- -------- Total discontinued operations (317) (268) (14,571) (552) (15,708) ------- ------- -------- ------- -------- Net income $ 5,738 $ 5,433 $ (8,998) $ 5,460 $ 7,633 ======= ======= ======== ======= ========FFO calculations:Net income $ 5,738 $ 5,433 $ (8,998) $ 5,460 $ 7,633 ------- ------- -------- ------- --------Gain (loss) on sale, less applicable income tax - - 14,300 526 14,826 GAAP income from non- consolidated REITs (391) (494) (176) (972) (2,033) Distributions from non- consolidated REITs 929 898 907 76 2,810 Acquisition costs - - 101 186 287 Depreciation of real estate & intangible amortization 13,295 13,205 13,779 15,239 55,518 ------- ------- -------- ------- --------Funds From Operations (FFO) $19,571 $19,042 $ 19,913 $20,515 $ 79,041 ======= ======= ======== ======= ======== Franklin Street Properties Corp. Earnings Release Supplementary Schedule G Percentage of Leased Space (Unaudited & Estimated) Third Fourth % Quarter % Quarter Leased Average Leased Average (1) % (1) % Property Square as of Leased as of Leased Name Location Feet 30-Sep-12 (2) 31-Dec-12 (2) ------------ ------------- --------- --------- ------- --------- -------1 PARK SENECA Charlotte, NC 109,406 77.3% 78.2% 79.3% 79.4%2 HILLVIEW CENTER Milpitas, CA 36,288 100.0% 100.0% 100.0% 100.0%3 FOREST PARK Charlotte, NC 62,212 100.0% 100.0% 100.0% 100.0%4 CENTENNIAL Colorado Springs, CO 110,405 85.4% 85.4% 85.4% 85.4%5 MEADOW POINT Chantilly, VA 138,537 100.0% 100.0% 100.0% 100.0%6 TIMBERLAKE Chesterfield, MO 232,766 97.0% 97.0% 97.0% 97.0%7 FEDERAL WAY Federal Way, WA 117,010 47.0% 47.0% 47.0% 47.0%8 NORTHWEST Elk Grove POINT Village, IL 176,848 100.0% 100.0% 100.0% 100.0%9 TIMBERLAKE Chesterfield, EAST MO 116,197 97.0% 97.0% 97.0% 97.0%10 PARK TEN Houston, TX 155,715 96.1% 96.1% 96.1% 96.1%11 MONTAGUE San Jose, CA 145,951 100.0% 100.0% 100.0% 100.0%12 ADDISON Addison, TX 293,787 98.4% 96.7% 98.4% 98.4%13 COLLINS Richardson, CROSSING TX 298,766 90.0% 88.5% 90.0% 90.0%14 GREENWOOD PLAZA Englewood, CO 196,236 48.9% 48.9% 100.0% 83.0%15 RIVER Indianapolis, CROSSING IN 205,059 97.0% 96.7% 92.2% 94.1%16 LIBERTY PLAZA Addison, TX 218,934 85.2% 85.2% 81.7% 82.9%17 INNSBROOK Glen Allen, VA 298,456 98.3% 98.3% 98.3% 98.3%18 380 Broomfield, INTERLOCKEN CO 240,184 89.5% 89.5% 89.5% 89.5%19 BLUE LAGOON Miami, FL 212,619 100.0% 100.0% 100.0% 100.0%20 ELDRIDGE GREEN Houston, TX 248,399 100.0% 100.0% 100.0% 100.0%21 WILLOW BEND Plano, TX 117,050 77.8% 77.8% 77.8% 77.8%22 ONE OVERTON PARK Atlanta, GA 387,267 94.6% 94.6% 94.6% 94.6%23 390 Broomfield, INTERLOCKEN CO 241,516 97.2% 97.2% 97.2% 97.2%24 EAST BALTIMORE Baltimore, MD 325,445 57.2% 57.5% 77.3% 77.3%25 PARK TEN PHASE II Houston, TX 156,746 100.0% 100.0% 100.0% 100.0%26 LAKESIDE Maryland CROSSING I Heights, MO 127,778 100.0% 100.0% 100.0% 100.0%27 LOUDOUN TECH Dulles, VA 135,888 100.0% 100.0% 100.0% 100.0%28 4807 STONECROFT Chantilly, VA 111,469 100.0% 100.0% 100.0% 100.0%29 EDEN BLUFF Eden Prairie, MN 153,028 100.0% 100.0% 100.0% 100.0%30 121 SOUTH Minneapolis, EIGHTH ST MN 475,303 91.1% 92.6% 90.6% 90.8%31 EMPEROR BOULEVARD Durham, NC 259,531 100.0% 100.0% 100.0% 100.0%32 LEGACY TENNYSON CTR Plano, TX 202,600 100.0% 100.0% 100.0% 100.0%33 ONE LEGACY Plano, TX 214,110 100.0% 100.0% 100.0% 100.0%34 909 DAVIS Evanston, IL 195,245 97.9% 96.9% 97.9% 97.9%35 1410 EAST Richardson, RENNER TX 122,300 100.0% 100.0% 100.0% 100.0%36 ONE RAVINIA DRIVE Atlanta, GA 386,603 84.5% 84.0% 91.0% 86.6%37 WESTCHASE I & II Houston, TX 629,025 n/a n/a 96.3% 96.3% --------- --------- ------- --------- ------- TOTAL WEIGHTED AVERAGE (3) 7,854,679 89.9% 89.8% 94.0% 92.4% --------- --------- ------- --------- -------
