The Real Estate Investment Trust, which owns 31 properties,primarily office buildings, throughout the US, said the quarterlyresults reflect a $28.1 million gain on three properties it soldduring the quarter.

Franklin Properties said net operating income also benefitedfrom the acquisition of eight properties during 2005 and 2006. Thecompany reported adjusted funds from operations for the secondquarter of $20.1 million, or 30 cents per share. That compares tothe second quarter of 2005 when adjusted funds from operations were$15.7 million, or 28 cents per share.

For the six-month period ending June 30, Franklin Propertiesreported net income was $53.6 million, or 84 cents per sharecompared to $19.8 million, or 37 cents per share, during the firstsix months of 2005. Adjusted funds from operations for the sameperiod were $40.4 million, or 64 cents per share, compared to $29.3million, or 55 cents per share during the first six months of 2005.Officials from Franklin Street Properties did not return calls forcomment in time for GlobeSt.com's deadline.