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Last $10.32 USD
Change Today +0.02 / 0.19%
Volume 34.6K
FPO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 10:34 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

first potomac realty trust (FPO) Snapshot

Open
$10.30
Previous Close
$10.30
Day High
$10.33
Day Low
$10.26
52 Week High
06/6/14 - $13.61
52 Week Low
05/7/15 - $10.21
Market Cap
606.1M
Average Volume 10 Days
196.1K
EPS TTM
$0.16
Shares Outstanding
58.7M
EX-Date
05/6/15
P/E TM
65.8x
Dividend
$0.60
Dividend Yield
5.83%
Current Stock Chart for FIRST POTOMAC REALTY TRUST (FPO)

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first potomac realty trust (FPO) Details

First Potomac Realty Trust, a real estate investment trust (REIT), engages in the ownership, development, redevelopment, and operation of industrial properties and business parks in the Washington, D.C. metropolitan area, and other markets in Maryland and Virginia. As of March 31, 2008, it owned approximately 11.4 million square feet. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. First Potomac Realty Trust was founded in 1997 and is based in Bethesda, Maryland.

170 Employees
Last Reported Date: 02/20/15
Founded in 1997

first potomac realty trust (FPO) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $600.0K
Co-Founder, Chief Investment Officer and Exec...
Total Annual Compensation: $339.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $370.8K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $354.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $163.3K
Compensation as of Fiscal Year 2014.

first potomac realty trust (FPO) Key Developments

First Potomac Realty Trust Declares Dividend on Common and Preferred Shares, Payable on May 15, 2015

On April 28, 2015, First Potomac Realty Trust declared a dividend of $0.15 per common share, equating to an annualized dividend of $0.60 per common share. The dividend will be paid on May 15, 2015 to common shareholders of record as of May 8, 2015. The company also declared a dividend of $0.484375 per share on Series A Preferred Shares. The dividend will be paid on May 15, 2015 to preferred shareholders of record as of May 8, 2015.

First Potomac Realty Trust Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Full Year 2015

First Potomac Realty Trust reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $43,849,000 against $39,363,000 a year ago. Operating income was $3,833,000 against $3,619,000 a year ago. Income from continuing operations was $1,099,000 or $0.07 per basic and diluted share against income from continuing operations of $586,000 or $0.03 per basic and diluted share a year ago. Net loss attributable to the common shareholders was $2,496,000 against $4,348,000 a year ago. FFO was $15.1 million, or $0.25 per diluted share, compared with $12.3 million, or $0.20 per diluted share, for the first quarter of 2014. Core FFO was $14.4 million, or $0.24 per diluted share, compared with $13.4 million, or $0.22 per diluted share, for the first quarter of 2014. The items excluded from Core FFO include, a $2.4 million yield maintenance payment associated with the prepayment of the America's Square mezzanine loan, personnel separation costs as a result of moving to a more vertically integrated management structure, and a loss on debt extinguishment and accelerated deferred rent abatements and straight-line rent amortization associated with the sale of Richmond portfolio. Same-Property net operating income increased 3.0% and 3.9% on an accrual and cash basis, respectively, compared with the same period in 2014. The company reaffirmed Core FFO guidance for the full year 2015. For the period, the company reaffirmed its full-year 2015 Core FFO per share guidance of $0.92 to $0.98 per diluted share. Portfolio NOI expected to be in the range of $105,500 to $108,500. Interest expense expected to be in the range of $27,000 to $29,000. Net loss attributable to common shareholders per diluted share expected to be in the range of $0.11 to $0.07.

First Potomac Realty Trust, Annual General Meeting, May 21, 2015

First Potomac Realty Trust, Annual General Meeting, May 21, 2015., at 11:00 US Eastern Standard Time. Location: 7600 Wisconsin Avenue. Agenda: To elect seven members to the Board of Trustees from the nominees named in the attached proxy statement for a term of one year each; to ratify the appointment of KPMG LLP as the company’s independent registered public accounting firm for the year ending December 31, 2015; to approve (on a non-binding basis) named executive officer compensation; and to transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof.

 

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Industry Analysis

FPO

Industry Average

Valuation FPO Industry Range
Price/Earnings 100.0x
Price/Sales 3.7x
Price/Book 1.1x
Price/Cash Flow 7.5x
TEV/Sales NM Not Meaningful
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