- American City Business Journals•7 hours ago
First Potomac Realty Trust reported a bump in earnings for the second quarter of 2016, roughly six months after unveiling a new strategic plan meant to boost the balance sheet of the beleaguered real estate investment trust, but still has its work cut out for it. The Bethesda-based REIT reported core funds from operations of about $16.1 million, or 27 cents per share, for the three months that ended June 30, up roughly 5.8 percent from the same period in 2015. Core funds from operations is a common measurement for real estate investment trusts that takes into account the cash flow from their existing properties, and the drop was partially due to a slimmer portfolio as First Potomac has sold some of its less-profitable or more challenged real estate.
First Potomac Realty TrustNYSE
After hours: 10.110.00 (0.00%) as of 4:57 PM EDT
|Bid||10.11 x 2400|
|Ask||10.12 x 3800|
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