Presidio Property Trust, Inc. Series A - SQFTW STOCK NEWS

Welcome to our dedicated page for Presidio Property Trust Series A news (Ticker: SQFTW), a resource for investors and traders seeking the latest updates and insights on Presidio Property Trust Series A stock.

Presidio Property Trust, Inc. was founded as NetREIT in 1999, focusing on out-of-the-mainstream properties to find hidden value. They are a diversified REIT with model home properties leased to homebuilders in Arizona, Illinois, Texas, Wisconsin, and Florida. Additionally, they own office, industrial, and retail properties primarily in Colorado, with other locations in Maryland, North Dakota, Texas, and Southern California. With an internal management structure, Presidio seeks to provide stability and sustainable performance in the real estate market.

12/21/2023 04:15 PM

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Presidio Regains Compliance with Nasdaq Minimum Bid Price Requirement

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Presidio Property Trust, Inc. (NASDAQ: SQFT; SQFTP; SQFTW) has regained compliance with the minimum bid price requirement set forth by Nasdaq, maintaining a minimum closing bid price of $1.00 or more for at least 10 consecutive business days.

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12/18/2023 08:45 AM

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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend

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Presidio Property Trust, Inc. (NASDAQ: SQFT; SQFTP; SQFTW) has declared a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for January, February, and March 2024. The January 2024 dividend will be $0.19531 per share, payable on February 15, 2024, to shareholders of record as of January 31, 2024. The February 2024 dividend will also be $0.19531 per share, payable on March 15, 2024, to shareholders of record as of February 29, 2024. The March 2024 dividend will be $0.19531 per share, payable on April 15, 2024, to shareholders of record as of March 31, 2024.

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12/06/2023 08:45 AM

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Presidio Granted Second 180-Day Period by Nasdaq to Regain Compliance with Minimum Bid Price Rule

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Presidio Property Trust, Inc. (NASDAQ: SQFT) has been granted an additional 180-day period to meet Nasdaq's $1.00 minimum bid price requirement. If the closing bid price of the common stock is at or above $1.00 per share for a minimum of ten consecutive trading days by June 3, 2024, Nasdaq will confirm compliance. Failure to do so may result in delisting, with the company having the option to appeal.

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12/05/2023 04:15 PM

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Presidio Property Trust Declares Fourth-Quarter 2023 Dividend

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Presidio Property Trust, Inc. (NASDAQ: SQFT; SQFTP, SQFTW) has approved a cash dividend of $0.023 per share on its Series A Common Stock for the fourth quarter of 2023. The dividend will be payable on December 26, 2023, to all stockholders of record as of the close of business on December 18, 2023.

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11/17/2023 08:45 AM

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Presidio Property Trust Announces Update of Share Repurchase Program

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Presidio Property Trust, Inc. (NASDAQ: SQFT; SQFTP; SQFTW) Announces $10 Million Share Repurchase Plan

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11/14/2023 04:30 PM

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Presidio Property Trust, Inc. Announces Earnings for the Quarter Ended September 30, 2023

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Presidio Property Trust, Inc. (Nasdaq: SQFT, SQFTP, SQFTW) reported a significant increase in net income, driven by a gain on deconsolidation from a business combination with Conduit Pharmaceuticals, Inc. However, the company also experienced a loss on the fair market value of its investment in Conduit and a decrease in the gain on sale of real estate, attributed to the number of model homes sold. Additionally, FFO and Core FFO decreased for the quarter.

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10/25/2023 07:30 PM

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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend

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Presidio Property Trust, Inc. has declared dividends on its Series D Preferred Stock for October, November, and December 2023.

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10/06/2023 08:30 AM

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Presidio Property Trust Announces Closing of Merger of Its Sponsored SPAC Murphy Canyon Acquisition Corp Now Trading as Conduit Pharmaceuticals (Nasdaq: CDT and CDTTW)

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Presidio completes merger with Conduit Pharmaceuticals, Inc.

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07/11/2023 08:30 AM

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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend

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Presidio Property Trust, Inc. has declared dividends on its Series D Preferred Stock for July, August, and September 2023. The dividends will be payable in cash to shareholders of record on specific dates.

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04/13/2023 08:45 AM

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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend

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Presidio Property Trust (NASDAQ:SQFT, SQFTP, SQFTW) announced the declaration of dividends for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for the months of April, May, and June 2023. The April dividend of $0.19531 per share will be payable on May 15, 2023, to shareholders on record as of April 30, 2023. Similarly, the May dividend is scheduled for June 15, 2023, and the June dividend on July 17, 2023, both with the same payout amount. Presidio operates a diversified portfolio, focusing on model home properties primarily in Texas and Florida, and additional office and retail spaces across the U.S. The company also sponsors the SPAC Murphy Canyon Acquisition Corp. (NASDAQ: MURF), holding approximately $23.7 million in trust.

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FAQ

What is the current stock price of Presidio Property Trust Series A (SQFTW)?

The current stock price of Presidio Property Trust Series A (SQFTW) is $0.0424 as of November 4, 2024.

When was Presidio Property Trust founded?

Presidio Property Trust, Inc. was founded in 1999 as NetREIT

What is Presidio's core business?

Presidio's core business involves owning model home properties leased to homebuilders and office, industrial, and retail properties

Where are Presidio's model homes located?

Presidio's model homes are located in Arizona, Illinois, Texas, Wisconsin, and Florida

What is the geographical focus of Presidio's properties?

Presidio's properties are primarily located in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California

How does Presidio seek hidden value in properties?

Presidio acquires properties at attractive prices due to unique seller circumstances and implements an aggressive business plan to unlock hidden value

What is Presidio's approach to property management?

Presidio has an internal management structure to provide stability and sustainable performance in the real estate market

What types of properties does Presidio lease to homebuilders?

Presidio leases model home properties to homebuilders in Arizona, Illinois, Texas, Wisconsin, and Florida

What is the investor relations contact for Presidio Property Trust?

For investor relations, contact Lowell Hartkorn at LHartkorn@presidiopt.com or call (760) 471-8536 x1244

What are some recent achievements of Presidio Property Trust?

Presidio has signed leasing transactions totaling 24,476 sf in the first quarter of 2024, aiming for stable rent roll through the year

What is the financial performance of Presidio Property Trust?

Presidio reported a net loss of approximately $5.8 million for the three months ended March 31, 2024, and FFO and Core FFO metrics are provided for performance evaluation