|Bid||11.04 x 3500|
|Ask||11.24 x 2000|
|Day's Range||11.11 - 11.18|
|52 Week Range||8.01 - 11.46|
|PE Ratio (TTM)||17.34|
|Dividend & Yield||0.40 (3.58%)|
|1y Target Est||N/A|
First Potomac Realty Trust (FPO) co-founders Doug Donatelli and Nick Smith are back in the commercial real estate business, roughly 18 months after their abrupt departure from the Bethesda-based real estate investment trust they launched two decades ago. Donatelli and Smith registered DSC Partners LLC with the Maryland Department of Assessments and Taxation in January with the aim of seeking out value-add opportunities across Greater Washington. "We started looking for both equity partners and acquisition opportunities, and it really got started in earnest at the first of the year," Donatelli said in a phone interview.
Rating Action: Moody's affirms Government Properties' Baa3 rating; outlook revised to negative. Global Credit Research- 30 Jun 2017. Approximately $660 million of securities affected.
Government Properties Income Trust (GOV) recently disclosed a deal to acquire all of the outstanding shares of First Potomac Realty Trust (FPO) for around $1.4 billion, including debt.