Did anyone read my REIT post?
Wednesday, January 23rd, 2008I 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 just shy of 9%. What a roller coaster today!
Posts Tagged ‘reit’
An interesting REIT play
Monday, January 21st, 2008REIT 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.