Presidio Property Trust Provides Update on Real Estate Activity in January and February 2025
Presidio Property Trust (NASDAQ: SQFT) reported significant real estate transactions in January and February 2025. The company sold 2 model homes for $1.04 million (previously acquired in 2023 for $0.9 million) and two commercial properties for $16.95 million (purchased in 2014-2015 for $14.1 million, with a pre-sale book value of $11.6 million).
The company's Chief Investment Officer, Gary Katz, expressed cautious optimism about real estate market recovery in 2025, noting potential positive trends in office occupancy as companies reduce remote work programs. Steve Hightower, President of the Model Homes Division, indicated that model home sales met Q1 2025 expectations despite typical seasonal and election cycle slowdowns, while emphasizing continued focus on new purchasing opportunities and monitoring lending rates.
Presidio Property Trust (NASDAQ: SQFT) ha riportato transazioni immobiliari significative a gennaio e febbraio 2025. L'azienda ha venduto 2 case modello per 1,04 milioni di dollari (acquisite precedentemente nel 2023 per 0,9 milioni di dollari) e due proprietà commerciali per 16,95 milioni di dollari (acquistate nel 2014-2015 per 14,1 milioni di dollari, con un valore contabile pre-vendita di 11,6 milioni di dollari).
Il Chief Investment Officer dell'azienda, Gary Katz, ha espresso un cauto ottimismo riguardo al recupero del mercato immobiliare nel 2025, notando potenziali tendenze positive nell'occupazione degli uffici mentre le aziende riducono i programmi di lavoro remoto. Steve Hightower, Presidente della Divisione Case Modello, ha indicato che le vendite delle case modello hanno soddisfatto le aspettative del primo trimestre 2025 nonostante le tipiche flessioni stagionali e cicliche elettorali, sottolineando al contempo un continuo focus su nuove opportunità di acquisto e il monitoraggio dei tassi di prestito.
Presidio Property Trust (NASDAQ: SQFT) reportó transacciones inmobiliarias significativas en enero y febrero de 2025. La compañía vendió 2 casas modelo por 1.04 millones de dólares (adquiridas previamente en 2023 por 0.9 millones de dólares) y dos propiedades comerciales por 16.95 millones de dólares (compradas en 2014-2015 por 14.1 millones de dólares, con un valor contable previo a la venta de 11.6 millones de dólares).
El Director de Inversiones de la compañía, Gary Katz, expresó un optimismo cauteloso sobre la recuperación del mercado inmobiliario en 2025, señalando tendencias positivas potenciales en la ocupación de oficinas a medida que las empresas reducen los programas de trabajo remoto. Steve Hightower, Presidente de la División de Casas Modelo, indicó que las ventas de casas modelo cumplieron con las expectativas del primer trimestre de 2025 a pesar de las típicas desaceleraciones estacionales y del ciclo electoral, enfatizando al mismo tiempo la continua atención a nuevas oportunidades de compra y el monitoreo de las tasas de préstamo.
프레시디오 부동산 신탁 (NASDAQ: SQFT)는 2025년 1월과 2월에 중요한 부동산 거래를 보고했습니다. 회사는 모델 주택 2채를 104만 달러에 판매했습니다 (2023년에 90만 달러에 인수됨) 그리고 상업용 부동산 2채를 1695만 달러에 판매했습니다 (2014-2015년에 1410만 달러에 구매, 사전 판매 장부 가치 1160만 달러).
회사의 최고 투자 책임자, 게리 카츠는 2025년 부동산 시장 회복에 대한 조심스러운 낙관론을 표현하며, 기업들이 원격 근무 프로그램을 줄임에 따라 사무실 점유율에서 긍정적인 추세를 주목했습니다. 모델 주택 부문의 사장인 스티브 하이타워는 모델 주택 판매가 일반적인 계절적 및 선거 주기 둔화에도 불구하고 2025년 1분기 기대치를 충족했다고 언급하며, 새로운 구매 기회에 대한 지속적인 집중과 대출 금리 모니터링을 강조했습니다.
Presidio Property Trust (NASDAQ: SQFT) a rapporté des transactions immobilières significatives en janvier et février 2025. L'entreprise a vendu 2 maisons modèles pour 1,04 million de dollars (acquises précédemment en 2023 pour 0,9 million de dollars) et deux propriétés commerciales pour 16,95 millions de dollars (achetées en 2014-2015 pour 14,1 millions de dollars, avec une valeur comptable avant vente de 11,6 millions de dollars).
Le directeur des investissements de l'entreprise, Gary Katz, a exprimé un optimisme prudent quant à la reprise du marché immobilier en 2025, notant des tendances positives potentielles dans l'occupation des bureaux alors que les entreprises réduisent leurs programmes de travail à distance. Steve Hightower, président de la division des maisons modèles, a indiqué que les ventes de maisons modèles avaient répondu aux attentes du premier trimestre 2025 malgré les ralentissements saisonniers et cycliques typiques, tout en soulignant l'importance de se concentrer sur de nouvelles opportunités d'achat et de surveiller les taux de prêt.
Presidio Property Trust (NASDAQ: SQFT) berichtete über bedeutende Immobiliengeschäfte im Januar und Februar 2025. Das Unternehmen verkaufte 2 Musterhäuser für 1,04 Millionen Dollar (zuvor 2023 für 0,9 Millionen Dollar erworben) und zwei Gewerbeimmobilien für 16,95 Millionen Dollar (2014-2015 für 14,1 Millionen Dollar gekauft, mit einem Buchwert vor dem Verkauf von 11,6 Millionen Dollar).
Der Chief Investment Officer des Unternehmens, Gary Katz, äußerte vorsichtigen Optimismus über die Erholung des Immobilienmarktes im Jahr 2025 und bemerkte potenzielle positive Trends bei der Büroauslastung, da Unternehmen ihre Homeoffice-Programme reduzieren. Steve Hightower, Präsident der Modellhausdivision, wies darauf hin, dass die Verkäufe von Musterhäusern die Erwartungen des ersten Quartals 2025 trotz typischer saisonaler und wahlzyklusbedingter Rückgänge erfüllten und betonte gleichzeitig die fortwährende Konzentration auf neue Kaufmöglichkeiten und die Überwachung der Kreditbedingungen.
- Sale of commercial properties for $16.95M, representing 20.2% gain over purchase price
- Model home sales of $1.04M, showing 15.6% gain over acquisition cost
- Positive gain over book value for commercial properties ($5.35M over $11.6M book value)
- None.
Insights
The recent property dispositions by Presidio Property Trust demonstrate a well-executed portfolio optimization strategy across different real estate segments. The model homes division achieved a notable
The timing of these sales is particularly noteworthy. By executing these transactions early in 2025, Presidio has positioned itself advantageously for several reasons: First, the sales provide immediate liquidity that can be redeployed as interest rates potentially moderate. Second, the premium achieved on commercial properties suggests successful timing in capturing value before any potential market softening due to election-year uncertainties.
The company's dual-track strategy reveals sophisticated market positioning: The model homes division maintains a quick-turn, high-efficiency approach with shorter holding periods, while the commercial portfolio management demonstrates patience in maximizing value over longer holding periods. This diversification helps buffer against sector-specific risks while maintaining multiple revenue streams.
The management's focus on monitoring lending rates for new acquisitions indicates a disciplined approach to capital deployment. This strategy becomes particularly relevant given the current market dynamics where property values are adjusting to higher interest rates, potentially creating attractive entry points for well-capitalized buyers.
SAN DIEGO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust (“REIT”) announced that during January and February 2024 the Company has sold 2 model homes for a total of approximately
“We are cautiously optimistic that real estate activity will continue to recover in 2025 and look forward to positive opportunities in the near future. Office occupancy rates could be shifting in a positive trend as more and more companies are ending their remote work programs,” said Gary Katz, Chief Investment Officer.
“The model home sales were on par with expectations so far in the first quarter of 2025. Seasonal adjustments as well as election cycles typically result in slower sales. We also remain focused on identifying purchasing opportunities from new and current markets and we will be watching lending rates closely as we analyze opportunities,” said Steve Hightower, President of the Model Homes Division.
About Presidio Property Trust
Presidio is an internally managed real estate investment trust with holdings in model home properties, which are triple net leased to homebuilders, and office, industrial, and retail properties. Presidio’s model homes are leased to homebuilders located in Arizona, Texas, and Florida. Presidio’s office, industrial, and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. For more information on Presidio, please visit Presidio’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 Presidio’s present expectations, but these statements are not guaranteed to occur. Except as required by law, Presidio 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 Presidio’s filings with the SEC, including those under “Risk Factors” therein, copies of which are available on the SEC’s website, www.sec.gov.
Investor Relations Contact:
Presidio Property Trust, Inc.
Lowell Hartkorn, Investor Relations
LHartkorn@presidiopt.com
Telephone: (760) 471-8536 x1244
This press release was published by a CLEAR® Verified individual.
FAQ
How much did Presidio Property Trust (SQFT) generate from property sales in early 2025?
What was the profit margin on SQFT's commercial property sales in 2025?
What was the return on investment for SQFT's model home sales in early 2025?
What is Presidio Property Trust's outlook for real estate market in 2025?
