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WAKEFIELD, MA-Franklin Street Properties Corp. reported mixedresults for the second quarter, with net income off substantiallycompared to the same period in 2006, but officials for themulti-faceted real estate investment trust say the year as a wholeis looking upbeat. "I continue to be optimistic about FSP's 2007financial performance and growth prospects," CEO George Carter saidin a release announcing the latest results for the period endingJune 30th.

Net income for the quarter was $32.5 million and earnings pershare was 46 cents. The company also announced Adjusted Funds FromOperations of $19.2 million and AFFO plus Gains on Sales of $40.8million, or 58 cents per share. Q2 net income was down $8.0million, or 14 cents per share, compared to the same period in2006, while AFFO was down by $900,000, or three cents per share.AFFO+GOS dipped by $7.4 million, or 14 cents per share. Net incomefor the first half of the year was also down overall compared to FY2006, with FSP registering a decline of $11.4 million.

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