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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
First Potomac Realty Trust
Former type
Defunct
Industry Real estate investment trust
Fate Acquired by Government Properties Income Trust
Founded 1997; 20 years ago (1997)
Founder Douglas J. Donatelli
Nicholas R. Smith
Defunct October 2, 2017; 43 days ago (October 2, 2017)
Headquarters Bethesda, Maryland
Key people
Terry L. Stevens, Chairman
Robert Milkovich, President & CEO
Andrew P. Blocher, CFO
Revenue Decrease $0.160 billion (2016)
Net income
Decrease $0.009 billion (2016)
Total assets Decrease $1.260 billion (2016)
Total equity Decrease $0.436 billion (2016)
Number of employees
120 (2016)

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

As of December 31, 2016, the company wholly owned properties totaling 6.7 million square feet and owned an additional 0.9 million square feet via joint ventures. The company's largest tenant was the federal government of the United States, which accounted for 16% of rents in 2016.

The company was founded in 1997 by Douglas J. Donatelli and Nicholas R. Smith.

In October 2003, the company became a public company via an initial public offering, raising $112.5 million.

In June 2010, the company acquired 500 First Street for $68 million.

In October 2010, the company acquired 1750 H Street for $65 million in a joint venture with AEW Capital Management.

In December 2010, the company acquired 1211 Connecticut Ave for $49.5 million.

In January 2011, the company acquired 440 First Street NW for $15.3 million.

In August 2011, the company acquired 1005 First Street NE for $46.75 million in a joint venture. In 2016, the company sold its interest to its joint venture partner based on a valuation of $54.5 million.

In August 2012, the company sold its interest in 1200 17th Street NW for $43.7 million.

In June 2013, the company sold the majority of its industrial portfolio to an affiliate of The Blackstone Group for $241.5 million.

In October 2013, the company acquired a building in Rockville, Maryland leased to the United States Department of Health and Human Services for $30 million.

In April 2014, the company acquired 1401 K Street NW for $58 million.

In June 2014, the company acquired 1775 Wiehle Avenue in Reston, Virginia for $41 million.

In September 2014, the company acquired 11 Dupont Circle NW for $89 million.

In March 2015, the company sold its properties in Richmond, Virginia.

In November 2015, Robert Milkovich was appointed chief executive officer of the company and founders Douglas J. Donatelli and Nicholas R. Smith resigned from the company.

In March 2016, the company sold 26 buildings in Northern Virginia for net proceeds of $90.5 million.

In February 2017, the company sold Plaza 500 in Alexandria, Virginia for for $75 million.

In March 2017, the company sold 2 joint venture assets for $59.5 million.

In October 2017, the company was acquired by Government Properties Income Trust.

Investment goal date:
Dividends reinvested
First Potomac Realty Trust FPO report Q2 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-01-27
--
--
Q3 2017
2017-10-26
--
--
Q2 2017
2017-07-27
0.0000
-0.0500
Q1 2017
2017-04-27
0.0000
0.7400
Q4 2016
2017-02-23
0.0000
-0.0300
Q3 2016
2016-10-27
0.0000
0.0300
Q2 2016
2016-07-28
0.0000
-0.1000
Q1 2016
2016-04-28
0.0000
-0.0700
Q4 2015
2016-02-22
0.0000
-0.7200
Q3 2015
2015-10-29
0.0000
0.0100
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
1964108
BlackRock Inc.
5358960
BlackRock Institutional Trust Company, N.A.
2479120
DIMENSIONAL FUND ADVISORS LP
873621
EARNEST PARTNERS LLC
2445947
FMR LLC
7968585
JPMORGAN CHASE & CO
867894
NORTHERN TRUST CORP
946521
PRICE T ROWE ASSOCIATES INC /MD/
6658544
PRUDENTIAL FINANCIAL INC
2700944
RENAISSANCE TECHNOLOGIES LLC
1367000
STATE STREET CORP
2012643
Vanguard Group, Inc
9053824
WELLINGTON MANAGEMENT CO LLP
1658753
WELLS FARGO & CO/MN
1217734
Major Shareholders
Name Relationship
Total Shares
Holding stocks
MCCULLOUGH R MICHAEL
0.0500% (31919)
FPO /
HELLER J RODERICK III
0.0800% (47256)
FPO /
MERTEN ALAN G
0.0700% (42274)
CFNL / DV / FPO /
FIRST POTOMAC REALTY TRUST
0.0600% (34239)
FPO /
BASS BARRY H
0.3200% (190580)
FPO /
DONATELLI DOUGLAS J
0.5400% (315525)
FPO /
DAWSON JAMES H
0.2700% (161345)
FPO /
SMITH NICHOLAS R
0.3900% (226985)
FPO /
CHESS RICHARD B
0.0600% (37607)
FPO /
Zulick Timothy M
0.0800% (48526)
FPO /
% ()