First Potomac Realty Trust (FPO) 9.16 $FPO
First Potomac Realty Trust Announces Redemption Of Remaining 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares
PR Newswire - Mon Jun 06, 3:15PM CDT
First Potomac Realty Trust (NYSE: FPO) (the "Company"
, a leading owner of office and business park properties in the greater Washington D.C. region, today announced that it intends to redeem the remaining 600,000 outstanding shares of its 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares (the "Series A Preferred Shares" on July 6, 2016 (the "Redemption Date". The Company will utilize proceeds from the prepayment of the $34 million 950 F Street, NW mezzanine loan, which was prepaid on June 2, 2016, to fund the redemption of the remaining $15 million in aggregate principal amount of Series A Preferred Shares and to repay outstanding indebtedness. The mezzanine loan was freely pre-payable as of December 21, 2015. The Series A Preferred Shares will be redeemed at a redemption price of $25.00 per share, plus the amount equal to all accrued and unpaid dividends on each Series A Preferred Share to be redeemed from May 16, 2016 up to, but not including, the Redemption Date.
FPO: 9.16 (-0.22)
First Potomac (FPO) to Sell Storey Park in Washington, D.C.
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:12AM CDT
First Potomac Realty Trust (FPO) is set to sell Storey Park, a development site located in the NoMa submarket of Washington, D.C., for gross proceeds of $54.5 million.
FPO: 9.16 (-0.22), PSB: 103.43 (-0.19), CLI: 26.64 (-0.93), WSR: 14.97 (+0.02)
First Potomac Realty Trust Enters Into A Binding Contract To Sell Storey Park For $54.5 Million
PR Newswire - Tue May 31, 3:45PM CDT
First Potomac Realty Trust (NYSE: FPO), a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced that it has entered into a binding contract to sell Storey Park, a development site located in the NoMa submarket of Washington, D.C., to 1005 First, LLC, a partnership between Perseus Realty, LLC and W-G Capital, LLC, an affiliate of Four Points, LLC and Greencourt Capital, for gross proceeds of $54.5 million. Storey Park is a development site that can accommodate over 700,000 square feet of mixed-use development on the site of the former Greyhound Bus Terminal at 1005 First Street, NE in Washington, D.C. First Potomac and Perseus Realty, LLC acquired the site in August 2011 through a joint venture in which First Potomac has a 97% economic interest.
FPO: 9.16 (-0.22)
Shares of FPO Down 18.1% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Fri May 20, 1:41PM CDT
SmarTrend identified a Downtrend for First Potomac Realty Trust (NYSE:FPO) on January 13th, 2016 at $10.45. In approximately 4 months, First Potomac Realty Trust has returned 18.14% as of today's recent price of $8.55.
FPO: 9.16 (-0.22)
First Potomac Realty Trust reports 1Q results
Automated Insights - Thu Apr 28, 6:03PM CDT
BETHESDA, Md. (AP) _ First Potomac Realty Trust (FPO) on Thursday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.
FPO: 9.16 (-0.22)
First Potomac Realty Trust Reports First Quarter 2016 Results
PR Newswire - Thu Apr 28, 3:30PM CDT
First Potomac Realty Trust (NYSE: FPO), a leader in the ownership, management, development and redevelopment of office and business park properties in the greater Washington, D.C. region, reported results for the three months ended March 31, 2016.
FPO: 9.16 (-0.22)
Darren Pierce Joins ZRS Management, LLC as Vice President
PRWeb - Tue Apr 12, 6:25PM CDT
Darren comes to ZRS after overseeing the fiscal and operational management of the Crescent Communities multifamily portfolio as Vice President of Asset Management. While at Crescent, his responsibilities included lease-up oversight, market feasibility analysis, partner selection, hold/sell strategy, joint venture operations and maximizing the performance of Crescent-owned real estate investments, consisting of an active portfolio of operating, under construction and development investments totaling approximately 22 assets, 6,000 units and a value of $1.5 billion. While at Crescent, Darren assisted with the execution of 2014's largest development presale transaction in the Southeast (a 9 asset portfolio sale to UBS Realty Investors and Berkshire Property Advisors for $670MM).
FPO: 9.16 (-0.22)
First Potomac Realty Trust Sets Dates For First Quarter Earnings Release And Conference Call
PR Newswire - Fri Apr 01, 7:30AM CDT
First Potomac Realty Trust (NYSE: FPO), a leading owner of office and business park properties in the greater Washington D.C. region, today announced details for the release of its results for the first quarter ended March 31, 2016.
FPO: 9.16 (-0.22)
First Potomac (FPO) Sells 26 Buildings to Finmarc for $96M
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 11:10AM CDT
Per a news by bizjournals.com, First Potomac Realty Trust's (FPO) portfolio of 26 Northern Virginia buildings has been purchased by the commercial real estate company Finmarc Management Inc. for $96 million.
DCT: 45.50 (-0.35), DLR: 103.59 (-1.23), DEI: 34.03 (-0.47), FPO: 9.16 (-0.22)
First Potomac Realty Trust Announces Partial Redemption Of 7.750% Series A Cumulative Perpetual Preferred Shares
PR Newswire - Mon Mar 28, 7:30AM CDT
First Potomac Realty Trust (NYSE: FPO) (the "Company", a leading owner of office and business park properties in the greater Washington D.C. region, today announced that it intends to redeem 3,600,000 shares, representing approximately 86%, of its 4,200,000 outstanding shares of 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares (the "Series A Preferred Shares" on April 27, 2016 (the "Redemption Date". This redemption is consistent with the Company's previously announced plan to dispose of $350 million of assets and utilize the proceeds to redeem outstanding preferred shares and repay outstanding indebtedness. The Series A Preferred Shares will be redeemed at a redemption price of $25.00 per share, plus the amount equal to all accrued and unpaid dividends on each Series A Preferred Share to be redeemed from February 16, 2016 up to, but not including, the Redemption Date.
FPO: 9.16 (-0.22)
First Potomac Realty Trust Sells Northern Virginia Non-Core Portfolio
PR Newswire - Mon Mar 28, 7:30AM CDT
First Potomac Realty Trust (NYSE: FPO), a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced the sale of a portfolio of eight non-core properties located in Northern Virginia (the "Northern Virginia Non-Core Portfolio", to an affiliated company of Finmarc Management, Inc. for net proceeds of $90.5 million. The Northern Virginia Non-Core Portfolio is comprised of 26 buildings totaling 946,000 square feet and was approximately 78% leased at December 31, 2015.
FPO: 9.16 (-0.22)
First Potomac Reshaping to Tap Washington Office Market
Zacks Equity Research - Zacks Investment Research - Wed Mar 23, 2:55PM CDT
To capitalize on growth opportunities in the Washington, D.C., office market, First Potomac Realty Trust (FPO) is undergoing a strategic portfolio repositioning.
BXP: 128.03 (-1.95), FPO: 9.16 (-0.22), SLG: 102.16 (-3.21), CLI: 26.64 (-0.93)
Commercial Real Estate Leader Launches New Company
PR Newswire - Tue Feb 02, 9:00AM CST
Ernie Jarvis, former Washington, D.C. market leader of First Potomac Realty Trust and CBRE, announces the launch of Jarvis Commercial Real Estate, a full-service brokerage company based in Washington, D.C, one of the most significant U.S. markets.
FPO: 9.16 (-0.22)
First Potomac Realty Trust Announces Tax Reporting Information For 2015 Common And Preferred Share Distributions
PR Newswire - Fri Jan 29, 4:00PM CST
First Potomac Realty Trust (NYSE: FPO), a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced the tax reporting information (Federal 1099) for the 2015 distributions on its common and preferred shares. The information in this release is based on the preliminary results of the Company's tax filings and is subject to correction or adjustment when the filings are completed.
FPO: 9.16 (-0.22)
First Potomac Realty Trust announces common and preferred stock dividends for quarter
M2 - Thu Jan 28, 3:08AM CST
First Potomac Realty Trust's(NYSE:FPO) board of trustees approved a common stock dividend of USD0.15 per share for the quarter, the company reported on Wednesday.
FPO: 9.16 (-0.22)
First Potomac Realty Trust Declares Dividends on Common and Preferred Shares
PR Newswire - Wed Jan 27, 4:00PM CST
First Potomac Realty Trust (NYSE: FPO), a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced that its Board of Trustees has declared a quarterly dividend of $0.15 per common share. The dividend, which equates to an annualized rate of $0.60 per share, is payable on February 16, 2016 to common shareholders of record on February 9, 2016.
FPO: 9.16 (-0.22)
First Potomac Realty Trust Sets Date For Fourth Quarter Earnings Release And Conference Call
PR Newswire - Wed Jan 20, 3:30PM CST
First Potomac Realty Trust (NYSE: FPO), a leading owner of office and business park properties in the greater Washington D.C. region, today announced details for the release of its results for the fourth quarter ended December 31, 2015.
FPO: 9.16 (-0.22)
First Potomac's Washington Property Achieves 100% Leasing
Zacks Equity Research - Zacks Investment Research - Wed Jan 13, 3:00PM CST
First Potomac Realty Trust (FPO) revealed that it has accomplished 100% leasing for its Washington office building at 840 First Street, NE, through leases with Integra Realty and Avineon.
FR: 26.74 (-0.22), CUZ: 10.21 (-0.31), FPO: 9.16 (-0.22), PSA: 241.32 (+0.32)
First Potomac Realty Trust Announces Redemption Of Remaining 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares
PR Newswire - Mon Jun 06, 3:15PM CDT
First Potomac Realty Trust (NYSE: FPO) (the "Company"
, a leading owner of office and business park properties in the greater Washington D.C. region, today announced that it intends to redeem the remaining 600,000 outstanding shares of its 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares (the "Series A Preferred Shares" on July 6, 2016 (the "Redemption Date". The Company will utilize proceeds from the prepayment of the $34 million 950 F Street, NW mezzanine loan, which was prepaid on June 2, 2016, to fund the redemption of the remaining $15 million in aggregate principal amount of Series A Preferred Shares and to repay outstanding indebtedness. The mezzanine loan was freely pre-payable as of December 21, 2015. The Series A Preferred Shares will be redeemed at a redemption price of $25.00 per share, plus the amount equal to all accrued and unpaid dividends on each Series A Preferred Share to be redeemed from May 16, 2016 up to, but not including, the Redemption Date. FPO: 9.16 (-0.22)
First Potomac (FPO) to Sell Storey Park in Washington, D.C.
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:12AM CDT
First Potomac Realty Trust (FPO) is set to sell Storey Park, a development site located in the NoMa submarket of Washington, D.C., for gross proceeds of $54.5 million.
FPO: 9.16 (-0.22), PSB: 103.43 (-0.19), CLI: 26.64 (-0.93), WSR: 14.97 (+0.02)
First Potomac Realty Trust Enters Into A Binding Contract To Sell Storey Park For $54.5 Million
PR Newswire - Tue May 31, 3:45PM CDT
First Potomac Realty Trust (NYSE: FPO), a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced that it has entered into a binding contract to sell Storey Park, a development site located in the NoMa submarket of Washington, D.C., to 1005 First, LLC, a partnership between Perseus Realty, LLC and W-G Capital, LLC, an affiliate of Four Points, LLC and Greencourt Capital, for gross proceeds of $54.5 million. Storey Park is a development site that can accommodate over 700,000 square feet of mixed-use development on the site of the former Greyhound Bus Terminal at 1005 First Street, NE in Washington, D.C. First Potomac and Perseus Realty, LLC acquired the site in August 2011 through a joint venture in which First Potomac has a 97% economic interest.
FPO: 9.16 (-0.22)
Shares of FPO Down 18.1% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Fri May 20, 1:41PM CDT
SmarTrend identified a Downtrend for First Potomac Realty Trust (NYSE:FPO) on January 13th, 2016 at $10.45. In approximately 4 months, First Potomac Realty Trust has returned 18.14% as of today's recent price of $8.55.
FPO: 9.16 (-0.22)
First Potomac Realty Trust reports 1Q results
Automated Insights - Thu Apr 28, 6:03PM CDT
BETHESDA, Md. (AP) _ First Potomac Realty Trust (FPO) on Thursday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.
FPO: 9.16 (-0.22)
First Potomac Realty Trust Reports First Quarter 2016 Results
PR Newswire - Thu Apr 28, 3:30PM CDT
First Potomac Realty Trust (NYSE: FPO), a leader in the ownership, management, development and redevelopment of office and business park properties in the greater Washington, D.C. region, reported results for the three months ended March 31, 2016.
FPO: 9.16 (-0.22)
Darren Pierce Joins ZRS Management, LLC as Vice President
PRWeb - Tue Apr 12, 6:25PM CDT
Darren comes to ZRS after overseeing the fiscal and operational management of the Crescent Communities multifamily portfolio as Vice President of Asset Management. While at Crescent, his responsibilities included lease-up oversight, market feasibility analysis, partner selection, hold/sell strategy, joint venture operations and maximizing the performance of Crescent-owned real estate investments, consisting of an active portfolio of operating, under construction and development investments totaling approximately 22 assets, 6,000 units and a value of $1.5 billion. While at Crescent, Darren assisted with the execution of 2014's largest development presale transaction in the Southeast (a 9 asset portfolio sale to UBS Realty Investors and Berkshire Property Advisors for $670MM).
FPO: 9.16 (-0.22)
First Potomac Realty Trust Sets Dates For First Quarter Earnings Release And Conference Call
PR Newswire - Fri Apr 01, 7:30AM CDT
First Potomac Realty Trust (NYSE: FPO), a leading owner of office and business park properties in the greater Washington D.C. region, today announced details for the release of its results for the first quarter ended March 31, 2016.
FPO: 9.16 (-0.22)
First Potomac (FPO) Sells 26 Buildings to Finmarc for $96M
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 11:10AM CDT
Per a news by bizjournals.com, First Potomac Realty Trust's (FPO) portfolio of 26 Northern Virginia buildings has been purchased by the commercial real estate company Finmarc Management Inc. for $96 million.
DCT: 45.50 (-0.35), DLR: 103.59 (-1.23), DEI: 34.03 (-0.47), FPO: 9.16 (-0.22)
First Potomac Realty Trust Announces Partial Redemption Of 7.750% Series A Cumulative Perpetual Preferred Shares
PR Newswire - Mon Mar 28, 7:30AM CDT
First Potomac Realty Trust (NYSE: FPO) (the "Company"
, a leading owner of office and business park properties in the greater Washington D.C. region, today announced that it intends to redeem 3,600,000 shares, representing approximately 86%, of its 4,200,000 outstanding shares of 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares (the "Series A Preferred Shares" on April 27, 2016 (the "Redemption Date". This redemption is consistent with the Company's previously announced plan to dispose of $350 million of assets and utilize the proceeds to redeem outstanding preferred shares and repay outstanding indebtedness. The Series A Preferred Shares will be redeemed at a redemption price of $25.00 per share, plus the amount equal to all accrued and unpaid dividends on each Series A Preferred Share to be redeemed from February 16, 2016 up to, but not including, the Redemption Date. FPO: 9.16 (-0.22)
First Potomac Realty Trust Sells Northern Virginia Non-Core Portfolio
PR Newswire - Mon Mar 28, 7:30AM CDT
First Potomac Realty Trust (NYSE: FPO), a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced the sale of a portfolio of eight non-core properties located in Northern Virginia (the "Northern Virginia Non-Core Portfolio"
, to an affiliated company of Finmarc Management, Inc. for net proceeds of $90.5 million. The Northern Virginia Non-Core Portfolio is comprised of 26 buildings totaling 946,000 square feet and was approximately 78% leased at December 31, 2015. FPO: 9.16 (-0.22)
First Potomac Reshaping to Tap Washington Office Market
Zacks Equity Research - Zacks Investment Research - Wed Mar 23, 2:55PM CDT
To capitalize on growth opportunities in the Washington, D.C., office market, First Potomac Realty Trust (FPO) is undergoing a strategic portfolio repositioning.
BXP: 128.03 (-1.95), FPO: 9.16 (-0.22), SLG: 102.16 (-3.21), CLI: 26.64 (-0.93)
Commercial Real Estate Leader Launches New Company
PR Newswire - Tue Feb 02, 9:00AM CST
Ernie Jarvis, former Washington, D.C. market leader of First Potomac Realty Trust and CBRE, announces the launch of Jarvis Commercial Real Estate, a full-service brokerage company based in Washington, D.C, one of the most significant U.S. markets.
FPO: 9.16 (-0.22)
First Potomac Realty Trust Announces Tax Reporting Information For 2015 Common And Preferred Share Distributions
PR Newswire - Fri Jan 29, 4:00PM CST
First Potomac Realty Trust (NYSE: FPO), a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced the tax reporting information (Federal 1099) for the 2015 distributions on its common and preferred shares. The information in this release is based on the preliminary results of the Company's tax filings and is subject to correction or adjustment when the filings are completed.
FPO: 9.16 (-0.22)
First Potomac Realty Trust announces common and preferred stock dividends for quarter
M2 - Thu Jan 28, 3:08AM CST
First Potomac Realty Trust's(NYSE:FPO) board of trustees approved a common stock dividend of USD0.15 per share for the quarter, the company reported on Wednesday.
FPO: 9.16 (-0.22)
First Potomac Realty Trust Declares Dividends on Common and Preferred Shares
PR Newswire - Wed Jan 27, 4:00PM CST
First Potomac Realty Trust (NYSE: FPO), a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced that its Board of Trustees has declared a quarterly dividend of $0.15 per common share. The dividend, which equates to an annualized rate of $0.60 per share, is payable on February 16, 2016 to common shareholders of record on February 9, 2016.
FPO: 9.16 (-0.22)
First Potomac Realty Trust Sets Date For Fourth Quarter Earnings Release And Conference Call
PR Newswire - Wed Jan 20, 3:30PM CST
First Potomac Realty Trust (NYSE: FPO), a leading owner of office and business park properties in the greater Washington D.C. region, today announced details for the release of its results for the fourth quarter ended December 31, 2015.
FPO: 9.16 (-0.22)
First Potomac's Washington Property Achieves 100% Leasing
Zacks Equity Research - Zacks Investment Research - Wed Jan 13, 3:00PM CST
First Potomac Realty Trust (FPO) revealed that it has accomplished 100% leasing for its Washington office building at 840 First Street, NE, through leases with Integra Realty and Avineon.
FR: 26.74 (-0.22), CUZ: 10.21 (-0.31), FPO: 9.16 (-0.22), PSA: 241.32 (+0.32)
