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.
Presidio Property Trust (NASDAQ:SQFT; SQFTP; SQFTW) has declared dividends for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for January, February, and March 2023. The January dividend of $0.19531 per share is payable on February 15, 2023, followed by the February dividend on March 15, 2023, and the March dividend on April 17, 2023, all to shareholders of record as of the end of the respective preceding months. Presidio continues to focus on its diversified real estate portfolio across various states, including Texas and Florida, while also managing SPAC, Murphy Canyon Acquisition Corp.
Presidio Property Trust has declared a cash dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for November 2022. This dividend will be paid on December 15, 2022, to shareholders recorded by November 30, 2022. The company operates a diversified real estate portfolio, primarily in Texas and Florida for model homes, and in Colorado and other states for office, industrial, and retail properties. Investors should note the inherent risks associated with concentrated geographic operations.
Presidio Property Trust (NASDAQ: SQFT; SQFTP; SQFTW) announced the acquisition of six model home properties on October 21, 2022, located in the Dallas-Fort Worth area. These newly constructed homes are leased back to homebuilders on a triple-net basis. The company maintains a positive outlook on Texas's growth, noting a 13% year-over-year increase in median home prices in the region. Presidio specializes in leasing model homes primarily in Texas and Florida, alongside other commercial properties.
Presidio Property Trust (NASDAQ:SQFT, SQFTP) announced a significant lease renewal with Fredrikson & Byron, P.A. at its Dakota Center in Fargo, North Dakota. This long-term extension highlights Presidio's commitment to retaining tenants amid challenging economic conditions. The company has invested heavily in upgrading the property, enhancing its appeal. Additionally, a major renovation is set to commence to cater to tenant needs. This deal reflects Presidio's strategic management of its diversified real estate portfolio, primarily in Texas and Florida.
Presidio Property Trust has declared a cash dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for October 2022, payable on November 15, 2022. Shareholders of record as of October 31, 2022, will receive this payment. The company, which operates a diversified REIT with properties primarily in Texas and Florida, notes its susceptibility to regional market conditions impacted by COVID-19. Presidio also sponsors Murphy Canyon Acquisition Corp. (NASDAQ: MURF) with approximately $140 million in trust.
Presidio Property Trust has announced the amendment of its line of credit, extending it until October 12, 2023, which offers up to $30 million for model home acquisitions. The facility, provided by First Horizon Bank, aims to support the company's operations in challenging real estate markets. CEO Jack Heilbron expressed optimism about the model home segment's future and the company's ability to capitalize on market opportunities.
Presidio Property Trust has announced a dividend of $0.19531 per share for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for September 2022. The payment date is set for October 17, 2022, for shareholders on record as of September 30, 2022. The company, which operates a diversified portfolio of real estate, primarily in Texas and Florida, utilizes a clustering strategy to reduce operating costs but remains vulnerable to local market conditions. Presidio also sponsors Murphy Canyon Acquisition Corp., a SPAC with approximately $140 million in trust.
Presidio Property Trust announced a dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for August 2022. This payment is scheduled for September 15, 2022, to shareholders on record by August 31, 2022. The company, a diversified real estate investment trust (REIT), primarily holds model home properties leased to homebuilders in Texas and Florida, alongside office and retail properties mainly in Colorado. Presidio also sponsors the Murphy Canyon Acquisition Corp., a SPAC with approximately $140 million in trust.
Presidio Property Trust (NASDAQ:SQFT; SQFTP; SQFTW) declared a cash dividend of $0.19531 per share on its 9.375% Series D Preferred Stock for July 2022. Shareholders on record by July 31, 2022, will receive the dividend on August 15, 2022. Presidio, a diversified real estate investment trust (REIT), focuses on model home properties leased to homebuilders, as well as office, industrial, and retail sectors primarily in Texas, Florida, and Colorado.
Presidio Property Trust has declared a cash dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for June 2022. The record date for this dividend is June 30, 2022, with payment scheduled for July 15, 2022. This announcement underscores the company’s commitment to returning income to its shareholders amidst its diversified holdings that include model homes and various commercial properties primarily located in Texas and Florida.
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