First Quarter Net Income Available for
Common Shareholders of $0.06 Per Share
First Quarter Normalized FFO Available for
Common Shareholders of $0.55 Per Share
Completed 280,419 Square Feet of Leasing in
the First Quarter for a 4.9% Increase in Rents
Government Properties Income Trust (Nasdaq: GOV) today announced
its financial results for the quarter ended March 31, 2018.
David Blackman, President and Chief Operating Officer of GOV,
made the following statement:
“Government Properties Income Trust saw continued positive
leasing momentum in the first quarter of 2018, entering new and
renewal leases for over 280,000 square feet with a 4.9% average
roll up in rent. Same property occupancy increased to 95.3% during
the quarter, a 20 basis point increase compared to year end. We
also continued to advance our property disposition plans,
completing the sale of one office property in the quarter. The
marketing of additional properties for sale continues to progress,
with two office properties currently under agreement to sell for
$129.3 million and additional properties identified to market for
potential sale during the quarter.”
Results for the Quarter Ended March 31, 2018:
Net income available for common shareholders determined in
accordance with U.S. generally accepted accounting principles, or
GAAP, for the quarter ended March 31, 2018 was $6.3 million,
or $0.06 per diluted share, compared to net income available for
common shareholders of $7.4 million, or $0.10 per diluted share,
for the quarter ended March 31, 2017. Net income available for
common shareholders for the quarter ended March 31, 2018
includes a $12.9 million, or $0.13 per diluted share, unrealized
gain on equity securities, partially offset by a $6.1 million, or
$0.06 per diluted share, loss on impairment of real estate and $2.9
million, or $0.03 per diluted share, of estimated business
management incentive fee expense. The weighted average number of
diluted common shares outstanding was 99.0 million for the quarter
ended March 31, 2018 and 71.1 million for the quarter ended
March 31, 2017.
Normalized funds from operations, or Normalized FFO, available
for common shareholders for the quarter ended March 31, 2018
were $54.1 million, or $0.55 per diluted share, compared to
Normalized FFO available for common shareholders for the quarter
ended March 31, 2017 of $39.9 million, or $0.56 per diluted
share.
Reconciliations of net income available for common shareholders
determined in accordance with GAAP to funds from operations, or
FFO, available for common shareholders and Normalized FFO available
for common shareholders for the quarters ended March 31, 2018
and 2017 appear later in this press release.
Leasing, Occupancy and Same Property Results:
During the quarter ended March 31, 2018, GOV entered new
and renewal leases for an aggregate 280,419 rentable square feet at
weighted (by rentable square feet) average rents that were 4.9%
above prior rents for the same space. The weighted average (by
rentable square feet) lease term for leases entered during the
quarter ended March 31, 2018 was 5.6 years. Leasing
concessions and capital commitments for new and renewal leases
entered during the quarter ended March 31, 2018 were $8.0
million, or $5.13 per square foot, per lease year. GOV's leasing
during the quarter ended March 31, 2018 included approximately
72,000 square feet entered with government tenants for a weighted
average (by rentable square feet) lease term of 8.2 years, weighted
average (by rentable square feet) rents that were 20.2% higher than
prior rents for the same space and leasing concessions and capital
commitments of $6.20 per square foot per weighted average lease
year.
As of March 31, 2018, 94.4% of GOV’s total rentable square
feet was leased, compared to 94.2% as of December 31, 2017 and
95.1% as of March 31, 2017. Occupancy for properties owned
continuously since January 1, 2017, or same properties, was
95.3% as of March 31, 2018, which compares with 95.1% as of
December 31, 2017 and 95.7% as of March 31, 2017. Same
properties net operating income, or NOI, decreased 1.2% and same
properties cash basis NOI, or Cash Basis NOI, increased 0.1% for
the quarter ended March 31, 2018 compared to the same period
in 2017.
Reconciliations of net income available for common shareholders
determined in accordance with GAAP to Consolidated Property NOI and
to Consolidated Property Cash Basis NOI for the quarters ended
March 31, 2018 and 2017 appear later in this press release.
Recent Disposition Activities:
In March 2018, GOV sold an office property (one building)
located in Minneapolis, MN with 193,594 rentable square feet for
$20.0 million, excluding closing costs.
In February 2018, GOV entered an agreement to sell an office
property (one building) located in Sacramento, CA with 110,500
rentable square feet for $10.8 million, excluding closing costs.
This sale is expected to occur in the second quarter of 2018.
In April 2018, GOV entered an agreement to sell an office
property (one building) located in New York, NY with 187,060
rentable square feet for $118.5 million, excluding closing costs.
This sale is expected to occur in the second quarter of 2018.
Recent Financing Activities:
On May 1, 2018, one of GOV's subsidiaries redeemed all of its
1.8 million outstanding 5.5% Series A Cumulative Preferred Units
for $11.15 per unit, plus accrued and unpaid distributions (an
aggregate of $20.3 million).
Conference Call:
At 11:00 a.m. Eastern Time this morning, President and
Chief Operating Officer, David Blackman, and Chief Financial
Officer and Treasurer, Mark Kleifges, will host a conference call
to discuss GOV’s first quarter 2018 financial results.
The conference call telephone number is (877) 328-1172.
Participants calling from outside the United States and Canada
should dial (412) 317-5418. No pass code is necessary to access the
call from either number. Participants should dial in about 15
minutes prior to the scheduled start of the call. A replay of the
conference call will be available through 11:59 p.m. on Thursday,
May 10, 2018. To access the replay, dial (412) 317-0088. The replay
pass code is 10118587.
A live audio webcast of the conference call will also be
available in a listen only mode on GOV’s website, at
www.govreit.com. Participants wanting to access the webcast should
visit GOV’s website about five minutes before the call. The
archived webcast will be available for replay on GOV’s website
following the call for about one week. The transcription,
recording and retransmission in any way of GOV’s first quarter
conference call are strictly prohibited without the prior written
consent of GOV.
Supplemental Data:
A copy of GOV’s First Quarter 2018 Supplemental Operating and
Financial Data is available for download at GOV’s website, which is
located at www.govreit.com. GOV’s website is not incorporated
as part of this press release.
GOV is a real estate investment trust, or REIT, which primarily
owns properties located throughout the United States that are
majority leased to government tenants and office properties in the
metropolitan Washington, D.C. market area that are leased to
government and private sector tenants. GOV is managed by the
operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an
alternative asset management company that is headquartered in
Newton, Massachusetts.
Please see the pages attached hereto for a more detailed
statement of GOV’s operating results and financial condition and
for an explanation of GOV’s calculation of FFO available for common
shareholders, Normalized FFO available for common shareholders, NOI
and Cash Basis NOI and a reconciliation of those amounts to amounts
determined in accordance with GAAP.
WARNING CONCERNING
FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD
LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO,
WHENEVER GOV USES WORDS SUCH AS “BELIEVE”, “EXPECT”, “ANTICIPATE”,
“INTEND”, “PLAN”, “ESTIMATE”, “WILL”, “MAY” AND NEGATIVES OR
DERIVATIVES OF THESE OR SIMILAR EXPRESSIONS, GOV IS MAKING FORWARD
LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
GOV’S PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT FORWARD LOOKING
STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR.
ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN
OR IMPLIED BY GOV’S FORWARD LOOKING STATEMENTS AS A RESULT OF
VARIOUS FACTORS. FOR EXAMPLE:
- MR. BLACKMAN'S STATEMENTS REGARDING
GOV'S QUARTERLY LEASING ACTIVITIES MAY IMPLY THAT SIMILAR OR BETTER
RESULTS WILL BE ACHIEVED IN THE FUTURE. HOWEVER, GOV CANNOT BE SURE
THAT IT WILL REALIZE SIMILAR OR BETTER LEASING RESULTS IN THE
FUTURE.
- MR. BLACKMAN ALSO STATES THAT GOV
CONTINUED TO ADVANCE ITS PROPERTY DISPOSITION PLAN AND NOTES THAT
GOV HAS PLACED TWO PROPERTIES UNDER AGREEMENT FOR $129.3 MILLION
AND THE MARKETING OF OTHER PROPERTIES IS CONTINUING TO PROGRESS.
HOWEVER, THE SALES OF GOV'S PROPERTIES UNDER AGREEMENT ARE SUBJECT
TO CONDITIONS. THESE CONDITIONS MAY NOT BE MET AND THESE
TRANSACTIONS MAY NOT OCCUR, MAY BE DELAYED OR THEIR TERMS MAY
CHANGE. FURTHER, GOV MAY NOT BE ABLE TO SUCCESSFULLY SELL
ADDITIONAL PROPERTIES THAT IT MARKETS FOR SALE AND GOV MAY REALIZE
LOSSES ON ANY SUCH SALES OR IN CONNECTION WITH PURSUING ANY SUCH
SALES.
THE INFORMATION CONTAINED IN GOV’S FILINGS WITH THE SECURITIES
AND EXCHANGE COMMISSION, OR SEC, INCLUDING UNDER “RISK FACTORS” IN
GOV’S PERIODIC REPORTS, OR INCORPORATED THEREIN, IDENTIFIES OTHER
IMPORTANT FACTORS THAT COULD CAUSE GOV’S ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THOSE STATED IN OR IMPLIED BY GOV’S FORWARD LOOKING
STATEMENTS. GOV’S FILINGS WITH THE SEC ARE AVAILABLE ON THE SEC’S
WEBSITE AT WWW.SEC.GOV.
YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING
STATEMENTS.
EXCEPT AS REQUIRED BY LAW, GOV DOES NOT INTEND TO UPDATE OR
CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW
INFORMATION, FUTURE EVENTS OR OTHERWISE.
Government Properties Income
Trust
Condensed Consolidated Statements of
Income
(amounts in thousands, except per share
data)
(unaudited)
Three Months Ended March 31, 2018 2017
Rental income $ 108,717 $ 69,296
Expenses: Real estate taxes 12,964 8,177 Utility expenses 6,690
4,606 Other operating expenses 22,837 13,992 Depreciation and
amortization 44,204 20,505 Loss on impairment of real estate 6,116
— General and administrative (1) 9,606 3,962 Total
expenses 102,417 51,242 Operating income 6,300
18,054 Dividend income 304 304 Unrealized gain on equity securities
(2) 12,931 — Interest income 116 61 Interest expense (including net
amortization of debt premiums and discounts and debt issuance costs
of $965 and $807, respectively) (22,766 ) (13,581 ) Income (loss)
from continuing operations before income taxes and equity in
earnings of investees (3,115 ) 4,838 Income tax expense (32 ) (18 )
Equity in earnings of investees 9,712 2,739 Income
from continuing operations 6,565 7,559 Loss from discontinued
operations — (144 ) Net income 6,565 7,415 Preferred units
of limited partnership distributions (278 ) — Net income
available for common shareholders $ 6,287 $ 7,415
Weighted average common shares outstanding (basic) 99,041
71,079 Weighted average common shares outstanding
(diluted) 99,049 71,094 Per common share
amounts (basic and diluted): Income from continuing operations $
0.07 $ 0.11 Loss from discontinued operations $ — $ — Net income
available for common shareholders $ 0.06 $ 0.10
(1) General and administrative expenses include estimated
business management incentive fee expense of $2,887 for the three
months ended March 31, 2018.
(2) Unrealized gain on equity securities represents the
adjustment required to adjust the carrying value of GOV's
investment in The RMR Group Inc. common shares to its fair value as
of March 31, 2018 in accordance with new GAAP standards
effective January 1, 2018.
Government Properties Income
Trust
Funds from Operations and Normalized
Funds from Operations (1)
(amounts in thousands, except per share
data)
(unaudited)
Three Months Ended March 31, 2018 2017
Calculation of Funds from Operations (FFO) and Normalized FFO
available for common shareholders: Net income available for common
shareholders $ 6,287 $ 7,415 Add (less): Depreciation and
amortization: Consolidated properties 44,204 20,505 Unconsolidated
joint venture properties 2,185 — FFO attributable to SIR investment
18,488 12,404 Loss on impairment of real estate 6,116 — Equity in
earnings of SIR (10,289 ) (2,611 ) FFO available for common
shareholders 66,991 37,713 Add (less): Normalized FFO attributable
to SIR investment 15,606 14,590 FFO attributable to SIR investment
(18,488 ) (12,404 ) Estimated business management incentive fees
(2) 2,887 — Unrealized gain on equity securities (3) (12,931 ) —
Normalized FFO available for common shareholders $ 54,065
$ 39,899 Weighted average common shares
outstanding (basic) 99,041 71,079 Weighted average
common shares outstanding (diluted) 99,049 71,094
Per common share amounts (basic and diluted): Net income
available for common shareholders $ 0.06 $ 0.10 FFO
available for common shareholders $ 0.68 $ 0.53
Normalized FFO available for common shareholders $ 0.55 $
0.56 Distributions declared per share $ 0.43 $ 0.43
(1)
GOV calculates FFO available for common
shareholders and Normalized FFO available for common shareholders
as shown above. FFO available for common shareholders is calculated
on the basis defined by The National Association of Real Estate
Investment Trusts, or Nareit, which is net income available for
common shareholders calculated in accordance with GAAP, plus real
estate depreciation and amortization of consolidated properties and
its proportionate share of the real estate depreciation and
amortization of unconsolidated joint venture properties and the
difference between FFO attributable to an equity investment and
equity in earnings of an equity investee but excluding impairment
charges on and increases in the carrying value of real estate
assets, any gain or loss on sale of real estate, as well as certain
other adjustments currently not applicable to GOV. GOV's
calculation of Normalized FFO available for common shareholders
differs from Nareit's definition of FFO available for common
shareholders because GOV includes Select Income REIT's, or SIR's,
Normalized FFO attributable to GOV's equity investment in SIR (net
of FFO attributable to GOV's equity investment in SIR), GOV
includes business management incentive fees, if any, only in the
fourth quarter versus the quarter when they are recognized as
expense in accordance with GAAP due to their quarterly volatility
not necessarily being indicative of GOV's core operating
performance and the uncertainty as to whether any such business
management incentive fees will be payable when all contingencies
for determining such fees are known at the end of the calendar year
and GOV excludes unrealized gains and losses on equity securities.
GOV considers FFO available for common shareholders and Normalized
FFO available for common shareholders to be appropriate
supplemental measures of operating performance for a REIT, along
with net income, net income available for GOV's common shareholders
and operating income. GOV believes that FFO available for common
shareholders and Normalized FFO available for common shareholders
provide useful information to investors because by excluding the
effects of certain historical amounts, such as depreciation
expense, FFO available for common shareholders and Normalized FFO
available for common shareholders may facilitate a comparison of
GOV's operating performance between periods and with other REITs.
FFO available for common shareholders and Normalized FFO available
for common shareholders are among the factors considered by GOV's
Board of Trustees when determining the amount of distributions to
GOV's shareholders. Other factors include, but are not limited to,
requirements to maintain GOV's qualification for taxation as a
REIT, limitations in GOV's credit agreement and public debt
covenants, the availability to GOV of debt and equity capital,
GOV's expectation of its future capital requirements and operating
performance, GOV's receipt of distributions from SIR and GOV's
expected needs for and availability of cash to pay its obligations.
FFO available for common shareholders and Normalized FFO available
for common shareholders do not represent cash generated by
operating activities in accordance with GAAP and should not be
considered alternatives to net income, net income available for
common shareholders or operating income as indicators of GOV's
operating performance or as measures of GOV's liquidity. These
measures should be considered in conjunction with net income, net
income available for common shareholders and operating income as
presented in GOV's Condensed Consolidated Statements of Income.
Other real estate companies and REITs may calculate FFO available
for common shareholders and Normalized FFO available for common
shareholders differently than GOV does.
(2)
Incentive fees under GOV’s business
management agreement with The RMR Group LLC are payable after the
end of each calendar year, are calculated based on common share
total return, as defined, and are included in general and
administrative expenses in GOV’s condensed consolidated statements
of income. In calculating net income in accordance with GAAP, GOV
recognizes estimated business management incentive fee expense, if
any, in the first, second and third quarters. Although GOV
recognizes this expense, if any, in the first, second and third
quarters for purposes of calculating net income, GOV does not
include such expense in the calculation of Normalized FFO until the
fourth quarter, when the amount of the business management
incentive fee expense for the calendar year, if any, is determined.
Net income includes $2,887 of estimated business management
incentive fee expense for the three months ended March 31,
2018.
(3)
Unrealized gain on equity securities
represents the adjustment required to adjust the carrying value of
GOV's investment in The RMR Group Inc. common shares to its fair
value as of March 31, 2018 in accordance with new GAAP standards
effective January 1, 2018.
Government Properties Income
Trust
Calculation and Reconciliation of
Consolidated Property Net Operating Income (NOI) and Consolidated
Property Cash Basis NOI (1)
(amounts in thousands)
(unaudited)
Three Months Ended March 31, 2018 2017
Calculation of Consolidated Property NOI and Consolidated
Property Cash Basis NOI (2): Rental income (3) $
108,717 $ 69,296 Property operating expenses (42,491 ) (26,775 )
Consolidated Property NOI 66,226 42,521 Non-cash straight line rent
adjustments included in rental income (3) (3,091 ) (1,300 ) Lease
value amortization included in rental income (3) 835 627 Non-cash
amortization included in property operating expenses (4) (121 )
(121 ) Consolidated Property Cash Basis NOI $ 63,849 $
41,727
Reconciliation of Net Income Available for
Common Shareholders to Consolidated NOI and Consolidated Property
Cash Basis NOI: Net income available for common shareholders $
6,287 $ 7,415 Preferred units of limited partnership distributions
278 — Net income 6,565 7,415 Loss from discontinued
operations — 144 Income from continuing operations
6,565 7,559 Equity in earnings of investees (9,712 ) (2,739 )
Income tax expense 32 18 Interest expense 22,766 13,581 Interest
income (116 ) (61 ) Unrealized gain on equity securities (12,931 )
— Dividend income (304 ) (304 ) Operating income 6,300 18,054
General and administrative 9,606 3,962 Loss on impairment of real
estate 6,116 — Depreciation and amortization 44,204 20,505
Consolidated Property NOI 66,226 42,521 Non-cash
amortization included in property operating expenses (4) (121 )
(121 ) Lease value amortization included in rental income (3) 835
627 Non-cash straight line rent adjustments included in rental
income (3) (3,091 ) (1,300 ) Consolidated Property Cash Basis NOI $
63,849 $ 41,727
Reconciliation of
Consolidated Property NOI to Same Property NOI
(5): Rental income $ 108,717 $ 69,296 Property
operating expenses (42,491 ) (26,775 ) Consolidated Property NOI
66,226 42,521 Less: NOI of properties not included in same property
results (24,679 ) (470 ) Same property NOI $ 41,547 $ 42,051
Calculation of Same Property Cash Basis NOI
(5): Same property NOI $ 41,547 $ 42,051 Add: Lease
value amortization included in rental income (3) 531 616 Less:
Non-cash straight line rent adjustments included in rental income
(3) (633 ) (1,267 ) Non-cash amortization included in property
operating expenses (4) (121 ) (118 ) Same property Cash Basis NOI $
41,324 $ 41,282
(1)
GOV calculates Consolidated Property NOI
and Consolidated Property Cash Basis NOI as shown above. The
calculations of Consolidated Property NOI and Consolidated Property
Cash Basis NOI exclude certain components of net income available
for common shareholders in order to provide results that are more
closely related to GOV's consolidated property level results of
operations. GOV defines Consolidated Property NOI as consolidated
income from its rental of real estate less its consolidated
property operating expenses. Consolidated Property NOI excludes
amortization of capitalized tenant improvement costs and leasing
commissions that GOV records as depreciation and amortization. GOV
defines Consolidated Property Cash Basis NOI as Consolidated
Property NOI excluding non-cash straight line rent adjustments,
lease value amortization and non-cash amortization included in
other operating expenses. GOV considers Consolidated Property NOI
and Consolidated Property Cash Basis NOI to be appropriate
supplemental measures to net income available for common
shareholders because they may help both investors and management to
understand the operations of GOV's consolidated properties. GOV
uses Consolidated Property NOI and Consolidated Property Cash Basis
NOI to evaluate individual and company wide consolidated property
level performance, and GOV believes that Consolidated Property NOI
and Consolidated Property Cash Basis NOI provide useful information
to investors regarding GOV's results of operations because they
reflect only those income and expense items that are generated and
incurred at the property level and may facilitate comparisons of
GOV's operating performance between periods and with other REITs.
Consolidated Property NOI and Consolidated Property Cash Basis NOI
do not represent cash generated by operating activities in
accordance with GAAP and should not be considered alternatives to
net income, net income available for common shareholders or
operating income as indicators of GOV's operating performance or as
measures of its liquidity. These measures should be considered in
conjunction with net income, net income available for common
shareholders and operating income as presented in GOV's Condensed
Consolidated Statements of Income. Other real estate companies and
REITs may calculate Consolidated Property NOI and Consolidated
Property Cash Basis NOI differently than GOV does.
(2)
Excludes one property (one building)
classified as discontinued operations which was sold on August 31,
2017.
(3)
GOV reports rental income on a straight line basis over the terms
of the respective leases; as a result, rental income includes
non-cash straight line rent adjustments. Rental income also
includes expense reimbursements, tax escalations, parking revenues,
service income and other fixed and variable charges paid to GOV by
its tenants, as well as the net effect of non-cash amortization of
intangible lease assets and liabilities.
(4)
GOV recorded a liability for the amount by
which the estimated fair value for accounting purposes exceeded the
price GOV paid for its investment in The RMR Group Inc. common
stock in June 2015. A portion of this liability is being amortized
on a straight line basis through December 31, 2035 as a reduction
to property management fees expense, which is included in property
operating expenses.
(5)
For the three months ended March 31, 2018
and 2017, same property NOI and same property Cash Basis NOI are
based on consolidated properties GOV owned as of March 31, 2018 and
which it owned continuously since January 1, 2017.
Government Properties Income
Trust
Condensed Consolidated Balance
Sheets
(amounts in thousands, except share
data)
(unaudited)
March 31, December 31, 2018 2017
ASSETS Real estate properties: Land $ 623,610 $ 627,108 Buildings
and improvements 2,313,123 2,348,613 Total real
estate properties, gross 2,936,733 2,975,721 Accumulated
depreciation (353,329 ) (341,848 ) Total real estate properties,
net 2,583,404 2,633,873 Equity investment in Select Income REIT
465,131 467,499 Investment in unconsolidated joint ventures 48,758
50,202 Assets of properties held for sale 18,080 — Acquired real
estate leases, net 323,710 351,872 Cash and cash equivalents 17,380
16,569 Restricted cash 4,766 3,111 Rents receivable, net 65,539
61,429 Deferred leasing costs, net 22,622 22,977 Other assets, net
106,234 96,033 Total assets $ 3,655,624 $
3,703,565 LIABILITIES AND SHAREHOLDERS’ EQUITY
Unsecured revolving credit facility $ 570,000 $ 570,000 Unsecured
term loans, net 548,022 547,852 Senior unsecured notes, net 944,743
944,140 Mortgage notes payable, net 182,083 183,100 Liabilities of
properties held for sale 275 — Accounts payable and other
liabilities 74,623 89,440 Due to related persons 8,544 4,859
Assumed real estate lease obligations, net 12,480 13,635
Total liabilities 2,340,770 2,353,026
Commitments and contingencies Preferred units of limited
partnership 20,496 20,496 Shareholders’ equity: Common
shares of beneficial interest, $.01 par value: 150,000,000 shares
authorized, 99,145,304 and 99,145,921 shares issued and
outstanding, respectively 991 991 Additional paid in capital
1,968,205 1,968,217 Cumulative net income 174,585 108,144
Cumulative other comprehensive income 945 60,427 Cumulative common
distributions (850,368 ) (807,736 ) Total shareholders’ equity
1,294,358 1,330,043 Total liabilities and
shareholders’ equity $ 3,655,624 $ 3,703,565
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq.No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180503005378/en/
Government Properties Income TrustChristopher Ranjitkar,
617-219-1410Director, Investor Relations
Government Properties Income (NASDAQ:GOV)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Government Properties Income (NASDAQ:GOV)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024