Interesting action in First Potomac Realty Trust (FPO) which reverses an opening dive following...


Interesting action in First Potomac Realty Trust (FPO) which reverses an opening dive following a dividend cut and changes to its strategic plan. The owner of D.C. properties plans to jettison its industrial holdings to focus on its office buildings. The dividend is slashed 25% to $0.15/quarterly (dividend was $0.34 4 years ago). (PR)

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  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    If FPO can't make a go of it as a REIT in the DC area, considering the mountains of the money being sucked into that black hole from the rest of the nation, they might want to think about turning out the lights and finding another way to make a living.
    25 Jan 2013, 11:26 AM Reply Like
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