Presidio Property Trust Announces Series D Preferred Stock Cash Dividend

Rhea-AI Summary

Presidio Property Trust (NASDAQ: SQFT) has declared cash dividends for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for April, May, and June 2025. Each monthly dividend payment will be $0.19531 per share with the following schedule:

• April 2025 dividend: Payable May 15, 2025 (Record date: April 30, 2025)
• May 2025 dividend: Payable June 16, 2025 (Record date: May 31, 2025)
• June 2025 dividend: Payable July 15, 2025 (Record date: June 30, 2025)

Positive

• Consistent quarterly dividend payments maintained at $0.19531 per share
• 9.375% dividend yield on Series D Preferred Stock provides stable income stream

Negative

• None.

SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust (“REIT”), today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) for the months of April 2025, May 2025 and June 2025.

In accordance with the terms of the Series D Preferred Stock, the April 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on May 15, 2025, to shareholders of record of Series D Preferred Stock as of the dividend record date of April 30, 2025. The May 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on June 16, 2025, to shareholders of record of Series D Preferred Stock as of the dividend record date of May 31, 2025. The June 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on July 15, 2025, to shareholders of record of Series D Preferred Stock as of the dividend record date of June 30, 2025.

About Presidio Property Trust

Presidio is an internally managed real estate investment trust with holdings in model home properties, which are triple net leased to homebuilders, and office, industrial, and retail properties. Presidio’s model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Presidio’s office, industrial, and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. Presidio also owns approximately 4.3% of the outstanding common stock of Conduit Pharmaceuticals Inc., a disease agnostic multi-asset clinical-stage life science company providing an efficient model for compound development. For more information on Presidio, please visit Presidio’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 Company’s filings with the SEC, including those under “Risk Factors” therein, 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

This press release was published by a CLEAR® Verified individual.

FAQ

What is the dividend amount for Presidio Property Trust's Series D Preferred Stock (SQFT)?

The monthly dividend amount is $0.19531 per share for Series D Preferred Stock.

When is the next dividend payment date for Presidio Property Trust (SQFT) Series D Preferred Stock?

The next dividend payment is scheduled for May 15, 2025, for April's dividend.

What is the dividend yield on Presidio Property Trust's (SQFT) Series D Preferred Stock?

The Series D Preferred Stock carries a 9.375% dividend yield.

What are the record dates for Presidio Property Trust's (SQFT) upcoming preferred dividends?

The record dates are April 30, 2025 for April's dividend, May 31, 2025 for May's dividend, and June 30, 2025 for June's dividend.