Presidio Property Trust Declares Fourth-Quarter 2020 Dividend

Rhea-AI Summary

Presidio Property Trust (NASDAQ:SQFT) has declared a cash dividend of $0.10 per share for the fourth quarter of 2020. The dividend is payable on November 30, 2020, to all stockholders of record by November 23, 2020. Presidio operates a diversified portfolio consisting of approximately 130 model home properties and 1.1 million square feet of commercial real estate across various states. The company emphasizes a diversified tenant base and the potential for future acquisitions in new markets.

Positive

• Cash dividend of $0.10 per share enhances shareholder value.
• Diversified real estate portfolio minimizes risk exposure.
• Potential for new commercial property acquisitions supports growth.

Negative

• Potential risks associated with forward-looking statements may impact future performance.

Board of Directors Approves Cash Dividend of $0.10 per Share

SAN DIEGO, CA / ACCESSWIRE / November 4, 2020 / On November, 3, 2020, the Board of Directors of Presidio Property Trust, Inc. (NASDAQ:SQFT), an internally managed, diversified real estate investment trust, declared a cash dividend of $0.10 per share on its Series A Common Stock for the fourth quarter of 2020.

The dividend will be payable on November 30, 2020 to all stockholders of record as of the close of business on November 23, 2020.

About Presidio Property Trust
Presidio is an internally managed, diversified REIT. We own approximately 130 model home properties located in seven states, with the majority located in Texas and Florida, which are leased back to homebuilders on a triple-net basis. Our commercial real estate portfolio consists of approximately 1.1 million square feet comprised of 15 properties: ten office properties, one industrial property and four retail properties. Our commercial portfolio is located in Southern California, Colorado, and North Dakota, and we are currently considering new commercial property acquisitions in a variety of additional markets across the United States. Our commercial property tenant base is diversified, which helps limit our exposure to any single industry in which our tenants operate. This geographical clustering of our real estate portfolio enables us to minimize operating costs and leverage efficiencies by managing a number of properties utilizing minimal overhead and staff. 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 constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including Presidio's plans and strategies as described herein. Readers are cautioned that forward-looking statements (which can be identified by words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters) are subject to numerous risks and conditions, many of which are beyond Presidio's control, including those set forth in the "Risk Factors" section of Presidio's registration statement and prospectus recently filed with the Securities and Exchange Commission (SEC). Copies are available on the SEC's website, www.sec.gov. The statements in this press release represent Presidio's views only as of the date they are made and should not be relied upon as representing Presidio's views as of any subsequent date. Presidio undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Investor Relations Contacts:
Presidio Property Trust, Inc.
Lowell Hartkorn, Investor Relations
LHartkorn@presidiopt.com
Telephone: +1 (866) 781-7721 x244

TraDigital IR
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com

MJ Clyburn
+1-917-327-6847
clyburn@tradigitalir.com

SOURCE: Presidio Property Trust

View source version on accesswire.com:
https://www.accesswire.com/614293/Presidio-Property-Trust-Declares-Fourth-Quarter-2020-Dividend

FAQ

What is the dividend amount declared by Presidio Property Trust for Q4 2020?

Presidio Property Trust declared a cash dividend of $0.10 per share for the fourth quarter of 2020.

When will the dividend be paid to shareholders?

The dividend will be payable on November 30, 2020.

Who is eligible to receive the dividend from Presidio Property Trust?

Stockholders of record as of the close of business on November 23, 2020, are eligible to receive the dividend.

What type of properties does Presidio Property Trust own?

Presidio owns approximately 130 model home properties and has a commercial real estate portfolio of about 1.1 million square feet.

In which states does Presidio Property Trust operate?

Presidio operates in seven states, with a majority of properties located in Texas and Florida.