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First Potomac Realty Trust Declares Dividends On Common And Preferred Shares

BETHESDA, Md., Jan. 30, 2014 /PRNewswire/ -- First Potomac Realty Trust (NYSE: FPO), a leader in the ownership, management, development, and redevelopment of office and business park properties in the greater Washington, D.C. region, today announced that its Board of Trustees has declared a quarterly dividend of $0.15 per common share.  The dividend, which equates to an annualized rate of $0.60 per share, is payable on February 17, 2014 to common shareholders of record on February 10, 2014.

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The Board of Trustees has also declared a quarterly dividend of $0.484375 per share on the Company's Series A Preferred Shares, payable on February 17, 2014, to Series A preferred shareholders of record on February 10, 2014.

About First Potomac Realty Trust

First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping office and business park properties in the greater Washington, D.C. region. As of September 30, 2013, the Company's consolidated portfolio totaled approximately 9 million square feet. Based on annualized cash basis rent, the Company's portfolio consists of 51% office properties and 49% business park and industrial properties. A key element of First Potomac's overarching strategy is its dedication to sustainability. Over one  million square feet of First Potomac property is LEED Certified, with the potential for another 700,000 square feet in future development projects. Approximately half of the portfolio's multi-story office square footage is LEED or Energy Star Certified. FPO common shares (NYSE:FPO) and preferred shares (NYSE:FPO-PA) are publicly traded on the New York Stock Exchange. 

 

CONTACT:


First Potomac Realty Trust

Jaime N. Marcus

7600 Wisconsin Avenue

Manager, Investor Relations

11th Floor

(301) 986-9200

Bethesda, MD 20814

jmarcus@first-potomac.com

www.first-potomac.com

SOURCE First Potomac Realty Trust

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