Presidio Property Trust Declares Second-Quarter 2021 Dividend

Rhea-AI Summary

Presidio Property Trust has declared a cash dividend of $0.102 per share on its Series A Common Stock for Q2 2021. This marks the second consecutive increase since its IPO in October 2020. The dividend is set to be paid on June 21, 2021, to stockholders of record as of the close of business on June 7, 2021. The company, which invests in model home properties and diverse real estate sectors, continues to operate primarily in Texas, Florida, Colorado, North Dakota, and Southern California.

Positive

• Dividend increased to $0.102 per share, indicating growth.
• Second consecutive quarterly dividend increase since IPO.

Negative

• None.

Board of Directors approves cash dividend of $0.102 per share

SAN DIEGO, CA / ACCESSWIRE / May 25, 2021 / On May 21, 2021, the Board of Directors of Presidio Property Trust, Inc. (NASDAQ:SQFT), an internally managed, diversified real estate investment trust, declared a cash dividend of $0.102 per share on its Series A Common Stock for the second quarter of 2021. This is the second consecutive quarterly dividend increase since Presidio Property's initial public offering in October of 2020.

The dividend will be payable on June 21, 2021 to all stockholders of record as of the close of business on June 7, 2021.

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 North Dakota and in 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. 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. Furthermore, 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 Annual Report on Form 10-K filed with the SEC on March 30, 2021 and in the Company's other documents filed with the SEC, copies of which are available on the SEC's website, www.sec.gov.

Investor Relations Contacts:
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/648885/Presidio-Property-Trust-Declares-Second-Quarter-2021-Dividend

FAQ

What is the dividend amount declared by Presidio Property Trust for Q2 2021?

The declared dividend amount is $0.102 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on June 21, 2021.

What is the record date for the Q2 2021 dividend?

The record date for the dividend is June 7, 2021.

How many consecutive quarterly dividend increases has Presidio Property Trust had?

Presidio Property Trust has had two consecutive quarterly dividend increases since its IPO.