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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Grommit who wrote (33756)3/10/2009 9:50:51 PM
From: Paul Senior  Respond to of 79163
 
Fwiw, I'm upping a small holding in reit FPO with a buy of a few shares.

Has government entities for about 20% of its revenue.

Not much debt needed to be refi'd this year.

"As of December 31, 2008, approximately $38 million, or 6.1%, of the Company’s debt matures prior to January 1, 2011. Of the maturing amount, $14 million matures in 2009 and $24 million matures in 2010, with $17 million of that amount maturing in December 2010."

biz.yahoo.com

"First Potomac expects to report FFO per diluted share of between $1.55 and $1.80 for 2009", from the above 2/25 p.r.

Price/FFO = $7.06/1.55 = 4.6

Distribution yield: $1.36/7.06 = .19 = 19%