Presidio Property Trust Announces 2021 Earnings Release and Conference Call

Rhea-AI Summary

Presidio Property Trust (NASDAQ: SQFT; SQFTP) announced it will release its financial results for the year ended December 31, 2021, on March 31, 2022. A conference call to discuss these results is scheduled for 1:30 PM PT on the same day. The company focuses on model home properties leased to homebuilders and has a diversified real estate portfolio across several states including Texas, Florida, and Colorado. Presidio also sponsors Murphy Canyon Acquisition Corp., a SPAC targeting the real estate sector.

Positive

• Diversified real estate portfolio in multiple states, enhancing market presence.
• SPAC, Murphy Canyon Acquisition Corp., has $140 million in trust, indicating financial capacity for strategic growth.

Negative

• Geographical clustering may increase susceptibility to regional market fluctuations.
• COVID-19 related conditions could adversely impact property performance.

SAN DIEGO, CA / ACCESSWIRE / March 17, 2022 / (NASDAQ:SQFT; SQFTP) Presidio Property Trust, Inc. ("Presidio" or "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced it expects to release its financial results for the year ended December 31, 2021, after the market closes on Thursday, March 31, 2022.

Presidio is also scheduled to hold a webcast and conference call at 1:30 p.m., Pacific Time, on March 31, 2022, to discuss the Company's financial results. Additionally, Presidio plans to post a supplemental financial package to accompany the discussion of the results on its website at https://www.PresidioPT.com.

Webcast

To register, and to be able submit questions to the Company, follow the link for "Presidio Property Trust Fourth Quarter 2021 Earnings Call" under the "Presentations" section of the "Investor" area of the Company's website at www.PresidioPT.com

Telephone Conference Call

Toll Free: 1-888-506-0062
International: 1-973-528-0011
Participant Access Code: 849173

To join the conference call in listen-only mode, participants can dial in at least 10 minutes before the scheduled start time and reference the Presidio Property Trust 2021 Earnings Call.

Conference Call Replay

Toll Free: 1-877-481-4010
International: 1-919-882-2331
Replay Passcode: 44721

A replay of the webcast will be available later in the day on March 31, 2022, continuing through April 14, 2022 and will be accessible in the "Presentations" section of the "Investor" area of the Company's website.

About Presidio Property Trust

Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located primarily in Texas and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing a number of properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19. Presidio is also the sponsor of the Special Purpose Acquisition Company (SPAC) Murphy Canyon Acquisition Corp. (NASDAQ:MURFU), which currently holds approximately $140 million in trust. Murphy Canyon Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The SPAC intends to focus on companies in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space with an aggregate combined enterprise value of approximately $300 million to $1.2 billion. For more information on Presidio, please visit the Company's website at https://www.PresidioPT.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and other federal securities laws. Forward-looking statements are statements that are not historical, including statements regarding management's intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as "believe," "expect," "anticipate," "intend," "estimate," "may," "will," "should" and "could." Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. Except as required by law, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events, or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the "Risk Factors" section of the Company's documents filed with the SEC, copies of which are available on the SEC's website, www.sec.gov.

Investor Relations Contact:

Presidio Property Trust, Inc.
Lowell Hartkorn, Investor Relations
LHartkorn@presidiopt.com
Telephone: (760) 471-8536 x1244

SOURCE: Presidio Property Trust

View source version on accesswire.com:
https://www.accesswire.com/693404/Presidio-Property-Trust-Announces-2021-Earnings-Release-and-Conference-Call

FAQ

When will Presidio Property Trust release its 2021 financial results?

Presidio Property Trust will release its financial results on March 31, 2022.

What time is the Presidio Property Trust earnings call?

The earnings call is scheduled for 1:30 PM Pacific Time on March 31, 2022.

What is the status of Presidio's SPAC, Murphy Canyon Acquisition Corp.?

Murphy Canyon Acquisition Corp. currently holds approximately $140 million in trust and targets the real estate industry.

Where can I access Presidio Property Trust's financial information?

Financial information will be available on Presidio's website and in the 'Presentations' section under 'Investor'.

What are the risks associated with Presidio's real estate investments?

Presidio's investments are susceptible to regional market fluctuations and adverse effects from COVID-19.