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First Potomac Realty Trust Posts Strong Q1 Results

|Includes:First Potomac Realty Trust (FPO)

 “In the first quarter of 2009, we continued to improve our operations and our financial flexibility,” stated Douglas J. Donatelli, chief executive officer of First Potomac Realty Trust. “Our strong lease execution in 2008 is reflected in our first quarter results, and occupancy levels remain a top priority for us. In terms of our balance sheet, we are in a solid and improving position as we continue to reduce our debt levels and conserve capital to enhance our financial liquidity. We are well-positioned in the DC region, and are confident in our strategic direction in this challenging economic environment. We remain focused on generating improved cash flows and have taken the right steps to position the Company to pursue opportunistic growth and enhance shareholder value.”


Stocks: FPO