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HRPT Properties Trust (HRP)

Stock (REIT - Retail Industry, Real Estate Industry)

HRP announces the issue of 12 million new shares of common stock. HRP issued new shares of common stock in order to help fund the redemption of preferred shares. This diluted the value of the common shares helping to precipitate a decline in the stock price. HRPT announces drop in quarterly net income On august 8, HRP announced that quarterly net income decreased to 8 cents per share from 11 cents per share for the same period a year, representing a decrease of nearly 30%.

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