First Potomac Satisfied Despite Quarterly Loss

BETHESDA, MD-First Potomac Realty Trust executives say that the fourth quarter of 2013 ended with strong leasing momentum, despite the challenges that exist in Washington, DC office market.

The company reports that it posted lower net operating income in the fourth quarter due in part to the sale of its industrial business. First Potomac posted fourth quarter revenue of $39.4 million, compared to $38.5 million a year earlier. It recorded a quarterly net loss of $3.7 million, or 11 cents per share, compared to net income of $880 million, or 4 cents per share in the fourth quarter of 2012, according to the Washington Business Journal.