- Exploring the sale of the Company’s industrial properties, consisting of approximately 4.3 million square feet, approximately 2.6 million square feet of which is located in Southern Virginia.
- Implementing targeted portfolio management initiatives to drive operating efficiencies and improve occupancy.
- Executing steps designed to increase balance sheet capacity and expand the sources of capital necessary to achieve investment-grade credit metrics over time.
- In connection with these initiatives, declaring a quarterly dividend of $0.15 per common share, which equates to an annualized dividend of $0.60 per common share, representing a 25% decrease from its prior annualized dividend of $0.80 per share.
First Potomac Realty Trust Provides Update Of Strategic And Capital Plan
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