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.
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Presidio Property Trust, Inc. has reached a cooperation agreement with Zuma Capital Management, appointing Elena Piliptchak to the board of directors. The Zuma Investor Group that holds 7.6% of Presidio's outstanding stock has agreed to certain provisions, enhancing corporate governance and stockholder value.
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Presidio Property Trust, Inc. announces dividends for its Series D Preferred Stock for April, May, and June 2024, with a payout of $0.19531 per share each month.
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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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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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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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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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Presidio Property Trust, Inc. (NASDAQ: SQFT; SQFTP; SQFTW) Announces $10 Million Share Repurchase Plan
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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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Presidio Property Trust, Inc. has declared dividends on its Series D Preferred Stock for October, November, and December 2023.
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Presidio completes merger with Conduit Pharmaceuticals, Inc.
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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 $0.04 as of December 23, 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
Presidio Property Trust, Inc. Series A