First Potomac Realty Trust / FPO

About First Potomac Realty Trust

7600 Wisconsin Ave., 11th Floor, Bethesda, Md. 20814
www.first-potomac.com | 301-986-9200 | Founded: 1997

Industry: Real Estate | Category: Public Companies

This real estate investment trust focuses on industrial and business park properties in the mid-Atlantic with an eye on the Washington area. First Potomac ended last year with greater assets and higher revenue than in 2007, although it did spend part of 2008 refinancing debt. In October, the company paid $47 million in cash for two properties in Columbia and Baltimore to fatten its portfolio of about 12 million square feet of office space.

2008 Financial Data

Revenues: $124,293,000 | Net Income: $47,126,000
Asssets: $1,080,714,000 | Earnings Per Share: $1.84
Stockholder Equity: $361,736,000 | Annual Dividend: $1.36
Total employees: 138 | Local employees: 89