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An interesting REIT play

REIT stocks have been hammered of late, some deservedly so. One worth a look is First Potomac Realty Trust (NYSE:FPO). It’s a nice play on one of the strongest commercial real estate markets in the country, ie Washington DC. I’ve sold buildings to them and I am impressed with the principals. The commercial real estate market as a whole is WAY oversold. Things may have slowed down but around here at least market fundamentals are sound. FPO’s dividend has grown nicely and the yield is through the roof right now thanks to the punishment the market has given the stock.

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This entry was posted on Monday, January 21st, 2008 at 3:20 pm and is filed under investment opportunities. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “An interesting REIT play”

  1. pushing dirt: on real estate » Blog Archive » Did anyone read my REIT post? Says:
    January 23rd, 2008 at 11:15 pm

    [...] touted First Potomac Realty Trust yesterday (NYSE:FPO). If you bought bought FPO yesterday you made about 7% in one day and locked in a yield [...]

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