BETHESDA, Md., Jan. 27, 2015 /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, 2015 to common shareholders of record on February 10, 2015.
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, 2015, to Series A preferred shareholders of record on February 10, 2015.
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, 2014, our consolidated portfolio totaled 8.9 million square feet. Based on annualized cash basis rent, our portfolio consists of 59% office properties and 41% 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.
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SOURCE First Potomac Realty Trust