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First Potomac Realty Trust (First Potomac Realty Trust) Intrinsic Value: Projected FCF : $0.00 (As of May. 11, 2024)


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What is First Potomac Realty Trust Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-11), First Potomac Realty Trust's Intrinsic Value: Projected FCF is $0.00. The stock price of First Potomac Realty Trust is $11.14. Therefore, First Potomac Realty Trust's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for First Potomac Realty Trust's Intrinsic Value: Projected FCF or its related term are showing as below:

FPO's Price-to-Projected-FCF is not ranked *
in the REITs industry.
Industry Median: 0.67
* Ranked among companies with meaningful Price-to-Projected-FCF only.

First Potomac Realty Trust Intrinsic Value: Projected FCF Historical Data

The historical data trend for First Potomac Realty Trust's Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF Chart

First Potomac Realty Trust Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.98 -3.27 -6.20 -7.22 -2.30

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
Intrinsic Value: Projected FCF 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 -7.81 -7.91 -2.30 -1.25 -1.02

Competitive Comparison of First Potomac Realty Trust's Intrinsic Value: Projected FCF

For the REIT - Office subindustry, First Potomac Realty Trust's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF Distribution in the REITs Industry

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

* The bar in red indicates where First Potomac Realty Trust's Price-to-Projected-FCF falls into.



First Potomac Realty Trust Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get First Potomac Realty Trust's Free Cash Flow(6 year avg) = $-44.82.

First Potomac Realty Trust's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun17)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-44.8152+468.326*0.8)/57.999
=-0.90

* 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.


First Potomac Realty Trust  (NYSE:FPO) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

First Potomac Realty Trust's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=11.14/-0.89649236785949
=

* 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.


First Potomac Realty Trust Intrinsic Value: Projected FCF Related Terms

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

Industry
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
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
James P Hoffmann other: Trustee FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Alan G Merten other: Trustee 11020 POPES HEAD ROAD, FAIRFAX VA 22030
Richard B Chess other: Trustee 3821 DARBY DR, MIDLOTHIAN VA 23113
Douglas J Donatelli officer: CEO C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Nicholas R Smith officer: EVP, CIO C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVE, 11TH FLOOR, BETHESDA MD 20814
R Michael Mccullough other: Trustee 8270 GREENSBORO DR STE 950, MCLEAN VA 22102
Heller J Roderick Iii other: Trustee C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814

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