As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD

Revenues

Rental 118,337 128,226 139,006 129,225
Tenant reimbursements and other 30,478 33,426 33,840 31,109
Total revenues 148,815 161,652 172,846 160,334

Operating expenses

Property operating 38,280 43,252 44,093 38,554
Real estate taxes and insurance 16,074 17,360 19,745 19,808
General and administrative 21,979 21,156 25,450 16,976
Acquisition costs 602 2,681 0 0
Depreciation and amortization 54,567 61,796 66,624 60,862
Impairment of rental property 0 3,956 60,826 2,772
Contingent consideration related to acquisition of property (213) NA NA NA
Total operating expenses 131,289 150,201 216,738 138,972
Operating income (loss) 17,526 11,451 (43,892) 21,362

Other expenses (income)

Interest expense 32,803 24,696 26,797 26,370
Interest and other income (6,373) (6,799) (6,794) (2,348)
Equity in earnings of affiliates 47 (775) (1,825) (2,294)
Loss (gain) on sale of rental property 0 (21,230) (29,477) 1,155
Loss on debt extinguishment / modification 1,810 0 1,824 48
Total other expenses (income) 28,287 (4,108) (9,475) 22,931
(Loss) income from continuing operations (10,761) 15,559 (34,417) (1,569)

Discontinued operations

(Loss) income from operations 6,793 146 (975) 0
Loss on debt extinguishment (4,414) 0 (489) 0
Gain on sale of rental property 19,363 1,338 857 0
(Loss) income from discontinued operations 21,742 1,484 (607) 0
Net (loss) income 10,981 17,043 (35,024) (1,569)
Less - Net loss (income) attributable to noncontrolling interests 93 (199) 2,058 502
Net (loss) income attributable to First Potomac Realty Trust 11,074 16,844 (32,966) (1,067)
Less - Dividends on preferred shares (12,400) (12,400) (12,400) (3,053)
Less - Issuance costs on redeemed preferred shares NA 0 0 (5,515)
Net (loss) income attributable to common shareholders (1,326) 4,444 (45,366) (9,635)

Basic and diluted earnings per common share

(Loss) income from continuing operations (0.41) 0.05 (0.78) (0.17)
(Loss) income from discontinued operations 0.38 0.02 (0.01) 0
Net (loss) income (0.03) 0.07 (0.79) (0.17)
Weighted average common shares outstanding - basic 55,034 58,150 57,982 57,581
Weighted average common shares outstanding - diluted 55,034 58,220 57,982 57,581

Comprehensive income

Net (loss) income 10,981 17,043 (35,024) (1,569)
Unrealized gain on derivative instruments 7,423 1,289 1,317 1,584
Unrealized loss on derivative instruments 0 (696) (367) 0
Total comprehensive income (loss) 18,404 17,636 (34,074) 15
Net loss (income) attributable to noncontrolling interests 93 (199) 2,058 502
Net gain from derivative instruments attributable to noncontrolling interests (342) (25) (42) (68)
Comprehensive income (loss) attributable to First Potomac Realty Trust 18,155 17,412 (32,058) 449
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
Contact Information
First Potomac Realty Trust
7600 Wisconsin Avenue
11th Floor
Bethesda, MD 20814
(301) 986-9200



Investor Relations
(301) 244-6200
investorrelations@first-potomac.com


Transfer Agent
American Stock Transfer & Trust Co.
59 Maiden Lane
Plaza Level
New York, NY 10038
(800) 937-5449