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Government Properties Income Trust (GOV.OQ)

GOV.OQ on NASDAQ Stock Exchange Global Select Market

15.03USD
22 Jun 2018
Change (% chg)

$0.35 (+2.38%)
Prev Close
$14.68
Open
$14.70
Day's High
$15.04
Day's Low
$14.67
Volume
419,055
Avg. Vol
281,505
52-wk High
$22.81
52-wk Low
$11.88

Latest Key Developments (Source: Significant Developments)

Government Properties Q4 Adj FFO Per Share $0.50
Monday, 26 Feb 2018 08:30am EST 

Feb 26 (Reuters) - Government Properties Income Trust ::ANNOUNCES FOURTH QUARTER AND YEAR END 2017 RESULTS.Q4 ADJUSTED FFO PER SHARE $0.50.QTRLY NORMALIZED FFO AVAILABLE FOR COMMON SHAREHOLDERS OF $0.50 PER SHARE.Q4 SAME PROPERTY CASH BASIS NOI INCREASED 2.9%.Q4 FFO PER SHARE VIEW $0.54 -- THOMSON REUTERS I/B/E/S.  Full Article

Government Properties Q3 adjusted FFO per share $0.41
Tuesday, 31 Oct 2017 07:00am EDT 

Oct 31 (Reuters) - Government Properties Income Trust :Government properties income trust announces third quarter 2017 results.Q3 adjusted FFO per share $0.41.Government properties income trust - ‍q3 same property cash basis noi increased 4.5%​.Government properties income trust qtrly FFO per share $ 0.42 ‍​.Q3 FFO per share view $0.42 -- Thomson Reuters I/B/E/S.  Full Article

First Potomac Realty Trust shareholders approve acquisition by Government Properties Income Trust
Tuesday, 26 Sep 2017 11:28am EDT 

Sept 26 (Reuters) - First Potomac Realty Trust ::First Potomac Realty Trust shareholders approve acquisition by Government Properties Income Trust.Transaction is expected to close in October​.  Full Article

Government Properties Income Trust Q2 adjusted FFO per share $0.60
Tuesday, 1 Aug 2017 07:00am EDT 

Aug 1 (Reuters) - Government Properties Income Trust :Government Properties Income Trust announces second quarter 2017 results.Q2 adjusted FFO per share $0.60.Q2 FFO per share view $0.59 -- Thomson Reuters I/B/E/S.  Full Article

Government Properties Income Trust prices offering of 25 mln common shares
Wednesday, 28 Jun 2017 07:30pm EDT 

June 29 (Reuters) - Government Properties Income Trust ::Government Properties Income Trust prices offering of 25,000,000 common shares.Government Properties Income Trust says priced a public offering of 25,000,000 common shares at a price to public of $18.50 per common share.  Full Article

Government Properties enters into commitment letter with Citigroup Global
Wednesday, 28 Jun 2017 06:57am EDT 

June 28 (Reuters) - Government Properties Income Trust ::Government Properties Income Trust - entered into a commitment letter, or the commitment letter, with Citigroup Global Markets Inc.Government Properties Income Trust - Citigroup and other banks committed to provide 364-day senior unsecured bridge loan facility in of up to $750.0 million.Government Properties Income Trust - co required to pay interest at rate of LIBOR plus premium of 1.40% per annum on borrowings under bridge loan facility.Government Properties Income Trust - co may use borrowings under loan facility to finance deal with First Potomac Realty Trust.Government Properties Income Trust - if FPO terminates deal with co, FPO will be required to pay co a termination fee of $25 million.  Full Article

First Potomac says required to pay GOV fee of $25 mln, upon termination of merger by co in certain circumstances
Wednesday, 28 Jun 2017 06:52am EDT 

June 28 (Reuters) - First Potomac Realty Trust ::First Potomac Realty Trust - upon termination of merger by co in certain circumstances, co will be required to pay GOV termination fee of $25 million.  Full Article

Government Properties Income Trust announces proposed public offering of 25,000,000 common shares
Wednesday, 28 Jun 2017 06:01am EDT 

June 28 (Reuters) - Government Properties Income Trust :Government Properties Income Trust announces proposed public offering of 25,000,000 common shares.Government Properties Income Trust - Commenced a public offering of 25 million of its common shares.Government Properties Income Trust - Expects to use net proceeds to fund, in part, its previously announced acquisition of First Potomac Realty Trust.  Full Article

Government Properties Income Trust to acquire First Potomac Realty Trust for $1.4 bln
Wednesday, 28 Jun 2017 06:00am EDT 

June 28 (Reuters) - Government Properties Income Trust :Government properties income trust to acquire First Potomac Realty Trust for approximately $1.4 billion.Cash consideration to be paid to FPO shareholders will be $11.15 per FPO common share.Cash consideration to be paid to FPO shareholders will be $11.15 per FPO common share, or about $683 million.FPO has agreed that it will not pay any distributions to its shareholders before closing of transaction.Deal includes expected repayment of about $418 million of FPO debt,assumption of about $232 million of FPO mortgage debt.Transaction will be accretive to co's normalized funds from operations per share after 2018.Deal will be about leverage neutral on debt to gross assets basis after completion of co's long term financing plan.  Full Article

First Potomac Realty Trust to be acquired by Government Properties Income Trust in all-cash deal valued at $1.4 bln
Wednesday, 28 Jun 2017 06:00am EDT 

June 28 (Reuters) - First Potomac Realty Trust :First Potomac Realty Trust to be acquired by Government Properties Income Trust in all-cash deal valued at $1.4 billion.First Potomac Realty Trust - First Potomac shareholders to receive $11.15 per share in cash.First Potomac Realty Trust - Transaction, which is valued at $1.4 billion, including assumption of debt, is expected to close prior to year end 2017.First Potomac Realty Trust - Board of trustees of first potomac has unanimously approved merger agreement, has recommended approval of merger by First Potomac's shareholders.First Potomac Realty Trust - Transaction is subject to customary closing conditions, including approval by First Potomac shareholders at a special meeting.First Potomac Realty Trust - Wells Fargo Securities / Eastdil secured is acting as exclusive financial advisor to First Potomac.  Full Article