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 2017 Q1 YTD 3/31/2017 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 2017 Q1 YTD 3/31/2017 USD

Revenues

Rental 118,337 128,226 139,006 129,225 30,818
Tenant reimbursements and other 30,478 33,426 33,840 31,109 7,005
Total revenues 148,815 161,652 172,846 160,334 37,823

Operating expenses

Property operating 38,280 43,252 44,093 38,554 9,958
Real estate taxes and insurance 16,074 17,360 19,745 19,808 4,661
General and administrative 21,979 21,156 25,450 16,976 4,497
Acquisition costs 602 2,681 0 0 NA
Depreciation and amortization 54,567 61,796 66,624 60,862 14,566
Impairment of rental property 0 3,956 60,826 2,772 NA
Contingent consideration related to acquisition of property (213) NA NA NA NA
Total operating expenses 131,289 150,201 216,738 138,972 33,682
Operating income 17,526 11,451 (43,892) 21,362 4,141

Other expenses (income)

Interest expense 32,803 24,696 26,797 26,370 6,344
Interest and other income (6,373) (6,799) (6,794) (2,348) (210)
Equity in earnings of affiliates 47 (775) (1,825) (2,294) (4,223)
(Gain) loss on sale of rental property 0 (21,230) (29,477) 1,155 (42,799)
Loss on debt extinguishment 1,810 0 1,824 48 0
Total other expenses (income) 28,287 (4,108) (9,475) 22,931 (40,888)
(Loss) income from continuing operations (10,761) 15,559 (34,417) (1,569) NA

Discontinued operations

(Loss) income from operations 6,793 146 (975) 0 NA
Loss on debt extinguishment (4,414) 0 (489) 0 NA
Gain on sale of rental property 19,363 1,338 857 0 NA
(Loss) income from discontinued operations 21,742 1,484 (607) 0 NA
Net income (loss) 10,981 17,043 (35,024) (1,569) 45,029
Less - Net (income) loss attributable to noncontrolling interests 93 (199) 2,058 502 (1,884)
Net income attributable to First Potomac Realty Trust 11,074 16,844 (32,966) (1,067) 43,145
Less - Dividends on preferred shares (12,400) (12,400) (12,400) (3,053) 0
Less - Issuance costs of redeemed preferred shares NA 0 0 (5,515) 0
Net income (loss) attributable to common shareholders (1,326) 4,444 (45,366) (9,635) 43,145

Basic and diluted earnings per common share

(Loss) income from continuing operations (0.41) 0.05 (0.78) (0.17) NA
(Loss) income from discontinued operations 0.38 0.02 (0.01) 0 NA
Net (loss) income (0.03) 0.07 (0.79) (0.17) NA
Net income (loss) attributable to common shareholders - basic NA NA NA NA 0.75
Net income (loss) attributable to common shareholders - dilutive NA NA NA NA 0.74

Weighted average common shares outstanding

Basic 55,034 58,150 57,982 57,581 57,635
Diluted 55,034 58,220 57,982 57,581 57,907

Comprehensive income

Net income (loss) 10,981 17,043 (35,024) (1,569) 45,029
Unrealized gain on derivative instruments 7,423 1,289 1,317 1,584 596
Unrealized loss on derivative instruments 0 (696) (367) 0 0
Total comprehensive income (loss) 18,404 17,636 (34,074) 15 45,625
Net (income) loss attributable to noncontrolling interests 93 (199) 2,058 502 (1,884)
Net (gain) loss from derivative instruments attributable to noncontrolling interests (342) (25) (42) (68) (25)
Comprehensive income (loss) attributable to First Potomac Realty Trust 18,155 17,412 (32,058) 449 43,716
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