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First Potomac Realty Trust (First Potomac Realty Trust) Debt-to-EBITDA : 9.30 (As of Jun. 2017)


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What is First Potomac Realty Trust Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

First Potomac Realty Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2017 was $73.96 Mil. First Potomac Realty Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2017 was $571.18 Mil. First Potomac Realty Trust's annualized EBITDA for the quarter that ended in Jun. 2017 was $69.35 Mil. First Potomac Realty Trust's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2017 was 9.30.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for First Potomac Realty Trust's Debt-to-EBITDA or its related term are showing as below:

FPOpA_CL.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.03   Med: 9.04   Max: 11.81
Current: 5.03

During the past 13 years, the highest Debt-to-EBITDA Ratio of First Potomac Realty Trust was 11.81. The lowest was 5.03. And the median was 9.04.

FPOpA_CL.PFD's Debt-to-EBITDA is not ranked
in the REITs industry.
Industry Median: 7.22 vs FPOpA_CL.PFD: 5.03

First Potomac Realty Trust Debt-to-EBITDA Historical Data

The historical data trend for First Potomac Realty Trust's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Potomac Realty Trust Debt-to-EBITDA Chart

First Potomac Realty Trust Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.68 7.73 7.59 11.81 8.50

First Potomac Realty Trust Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.42 8.11 8.41 2.43 9.30

Competitive Comparison of First Potomac Realty Trust's Debt-to-EBITDA

For the REIT - Office subindustry, First Potomac Realty Trust's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Potomac Realty Trust's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, First Potomac Realty Trust's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where First Potomac Realty Trust's Debt-to-EBITDA falls into.



First Potomac Realty Trust Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

First Potomac Realty Trust's Debt-to-EBITDA for the fiscal year that ended in Dec. 2016 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(141.555 + 595.616) / 86.697
=8.50

First Potomac Realty Trust's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2017 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(73.958 + 571.182) / 69.348
=9.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2017) EBITDA data.


First Potomac Realty Trust  (NYSE:FPOpA_CL.PFD) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


First Potomac Realty Trust Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of First Potomac Realty Trust's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


First Potomac Realty Trust (First Potomac Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
First Potomac Realty Trust is a real estate investment trust engaged in the ownership, management, and development of commercial properties in the greater Washington D.C. area. The company's real estate portfolio is primarily composed of a mix of single-tenant and multi-tenant office properties and business parks. These assets are fairly evenly distributed between the Washington D.C., Maryland, Northern Virginia, and Southern Virginia regions in terms of square footage. First Potomac derives the vast majority of its revenue in the form of rental income from tenants. Most of this revenue comes from its properties located in Maryland and Northern Virginia. The company's largest tenants are U.S. government entities and government contractors.
Executives
Andrew P Blocher officer: EVP, CFO 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Thomas E Robinson other: Trustee 309 GARRISON FOREST ROAD, OWNINGS MILLS MD 21117
James P Hoffmann other: Trustee FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Terry L Stevens other: Trustee 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael H Comer officer: SVP, CAO FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Robert H Arnold other: Trustee 129 E.69TH ST., NEW YORK NY 10021
Robert Milkovich officer: President, CEO and COO 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Samantha Sacks Gallagher officer: EVP and General Counsel C/O VICI PROPERTIES INC., 535 MADISON AVE 20TH FL, NEW YORK NY 10022
Kati M. Penney other: Trustee C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVE, 11TH FLOOR, BETHESDA MD 20814
First Potomac Realty Trust other: Trustee 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Joel F Bonder officer: Executive VP, GC & Secretary FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Timothy M Zulick officer: Senior Vice President FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA X1 20814
Richard B Chess director 3821 DARBY DR, MIDLOTHIAN VA 23113
R Michael Mccullough director 8270 GREENSBORO DR STE 950, MCLEAN VA 22102
Heller J Roderick Iii director C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814

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