First Potomac Realty Trust (FPO) Tops Q3 FFO By 3c; Raises FY Guidance Range
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First Potomac Realty Trust (NYSE: FPO) reports Q3 FFO of $0.37, 3 cents better than the analyst estimate of $0.34. Revenue for the quarter was $ million, which compares to the estimate of $32.26 million.
The Company raised its FFO guidance range for 2009 to $1.62 to $1.64 per diluted share from the prior range of $1.56 to $1.62 per diluted share. The revised range reflects the gain on the retirement of debt realized in the third quarter along with better than anticipated property performance in the third quarter, partially offset by a higher share count and anticipated tenant move-outs during the fourth quarter. (Consensus is $1.60)
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