Welcome to our dedicated page for Presidio Ppty Tr news (Ticker: SQFT), a resource for investors and traders seeking the latest updates and insights on Presidio Ppty Tr stock.
Presidio Property Trust, Inc. (Nasdaq: SQFT) is an internally managed, diversified real estate investment trust (REIT) that reports frequent updates on its model home and commercial property operations, capital markets activity, and preferred stock dividends. This news page aggregates those disclosures so readers can review the company’s announced developments in one place.
According to its press releases, Presidio owns model home properties that are triple-net leased to homebuilders, along with office, industrial, and retail properties. News items often cover quarterly earnings results, including segment data for retail, office/industrial, and model homes, as well as information about Funds From Operations (FFO), Core FFO, and impairment charges on specific properties. Operational updates describe acquisitions and sales of model homes, refinancing of office buildings in Colorado, and leasing metrics such as tenant retention and square footage leased.
Investors following SQFT can also find announcements related to capital markets transactions, such as registered direct offerings of common stock under an effective shelf registration statement on Form S-3 and at-the-market equity programs. The company issues regular press releases about monthly cash dividends on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (SQFTP), specifying dividend amounts and key dates.
In addition, Presidio has reported corporate developments like regaining compliance with Nasdaq’s minimum bid price requirement and engaging Acorn Management Partners LLC to enhance investor outreach. By reviewing the news feed, readers can see how Presidio communicates changes in its property portfolio, financing, and listing status over time and can reference the company’s own statements when evaluating SQFT, SQFTP, and SQFTW.
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Presidio Property Trust has announced a cash dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for September 2021. This dividend will be payable on November 15, 2021, to shareholders on record as of October 31, 2021. This distribution demonstrates the company's ongoing commitment to providing returns to its investors. Presidio is a diversified real estate investment trust with properties across several states, primarily in Texas, Florida, Colorado, North Dakota, and Southern California.
Presidio Property Trust has declared a cash dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for September 2021. This dividend will be paid on October 15, 2021, to shareholders on record as of September 30, 2021. Presidio, a diversified REIT, holds properties in office, industrial, retail, and model home sectors primarily located in Texas, Florida, Colorado, North Dakota, and Southern California, benefiting from operational efficiencies.
Presidio Property Trust (NASDAQ: SQFT, SQFTP) announced a $10 million share repurchase plan for its Series A Common Stock. The initiative allows the company to buy back shares through various methods, including open market transactions, in compliance with SEC regulations. This move aims to enhance shareholder value and demonstrates confidence in the company's long-term strategy. Presidio operates a diversified portfolio of real estate, primarily in Texas, Florida, Colorado, and other locations.
Presidio Property Trust (NASDAQ:SQFT, SQFTP) announced a cash dividend of $0.103 per share on its Series A Common Stock for Q3 2021, marking the third consecutive quarterly dividend increase since its IPO in October 2020. The dividend will be paid on September 21, 2021, to shareholders on record as of September 7, 2021. Presidio is a diversified real estate investment trust specializing in model home, office, industrial, and retail properties primarily located in Texas, Florida, and Colorado.
Presidio Property Trust (NASDAQ: SQFT; SQFTP) announced an amendment to its line of credit, allowing up to $30 million for model home acquisitions. The applicable interest rate is approximately 3.0%. CEO Jack Heilbron emphasized the credit line's importance in navigating real estate market cycles to enhance shareholder value. First Horizon Bank is the sole lender for this facility. Presidio Property Trust is a diversified REIT, primarily investing in office, industrial, and retail properties, along with model homes in Texas and Florida.
Presidio Property Trust has completed an all-cash acquisition of a Kiddie Academy location in Houston, Texas. This strategic purchase aligns with the company’s growth objectives, leveraging non-discretionary spending trends in the area. The asset features a triple-net lease structure, ensuring steady cash flow with annual rent increases over a 15-year period. The recent construction of the property is anticipated to minimize future capital expenditures. The acquisition is expected to enhance Presidio's diversified real estate portfolio, focusing on stability and growth in a robust market.
Presidio Property Trust has declared a cash dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for August 2021. The dividend will be paid on September 15, 2021, to shareholders on record as of August 31, 2021. As a diversified REIT, Presidio holds properties primarily in Texas, Florida, Colorado, North Dakota, and Southern California. The company aims to leverage geographical clustering for operational efficiency but acknowledges vulnerability to local market fluctuations, particularly from COVID-19.
On August 10, 2021, Presidio Property Trust (Nasdaq: SQFT, SQFTP) reported its second-quarter earnings for 2021, highlighting strong rent collections and notable capital raises. The company raised $23 million in preferred equity and $10 million in common equity and warrants. Core FFO for Q2 was approximately $737,000, or $0.08 per share, while net income was about $754,203, a significant increase from a net loss of $1.9 million in Q2 2020. The company signed 12 leases, generating an additional $633,000 in annual rental revenue.
Presidio Property Trust will release its financial results for the quarter ending June 30, 2021, after market close on August 10, 2021. A conference call is scheduled for 1:30 PM PT on the same day, allowing investors to discuss these results. The call details include a toll-free number for participation and a replay option available until August 24, 2021. Presidio, a diversified real estate investment trust (REIT), owns properties primarily in Texas, Florida, and Colorado. Investors are encouraged to review the company's website for further information.
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