The Company is an internally managed, diversified REIT (formerly named NetREIT). The Company acquires, owns and manages a geographically diversified portfolio of real estate assets including office, industrial, retail and model home residential properties leased to homebuilders located throughout the United States. As of September 30, 2020, the Company owned or had an equity interest in: 128 Model Homes that are owned by six affiliated limited partnerships and one wholly-owned corporation; Ten office buildings and one industrial property, which totals approximately 998,016 rentable square feet; and Four retail shopping centers, which total approximately 131,722 rentable square feet.
IPO Year: 2020
Exchange: NASDAQ
Website: presidiopt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2021 | $6.00 → $5.50 | Buy | Aegis Capital |
| 7/28/2021 | $6.00 | Buy | Aegis Capital |
SAN DIEGO, April 08, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW)) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust, announced today that it has commenced a tender offer (the "Offer") to purchase all odd lots plus up to 2,000,000 shares of its outstanding Series A Common Stock, par value $0.01 per share (the "Shares"), at a price of $0.68 per share (the "Purchase Price"), less any applicable withholding taxes, and without interest. The Offer will expire at 11:59 P.M., New York City time, on May 5, 2025, unless extended or earlier terminated. To tender Shares, stockholders must follow the instructio
SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) -- In a release issued under the same headline on March 31, 2025 by Presidio Property Trust, Inc. (NASDAQ:SQFT, SQFTP, SQFTW)), please note in the "The Year Ended December 31, 2024, Financial Results" section, in the second sentence of the first bullet the value for net real estate assets of $12.3 million is actually $127.6 million. The corrected release follows. Presidio Property Trust, Inc. (NASDAQ:SQFT, SQFTP, SQFTW)) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its year ended December 31, 2024. "We are pleased to report our 2024 earnings, continuing the strong rent c
SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW)) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") for the months of April 2025, May 2025 and June 2025. In accordance with the terms of the Series D Preferred Stock, the April 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on May 15, 2025, to shareholders of record of Series D Preferred Stock as
SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. (NASDAQ:SQFT, SQFTP, SQFTW)) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its year ended December 31, 2024. "We are pleased to report our 2024 earnings, continuing the strong rent collections that we have seen over the last few years, resulting in an increase to rental income during the year," said Jack Heilbron, the Company's President and Chief Executive Officer. "We were able to refinance two of our commercial properties during the year, as well as acquire 19 model homes." "During the fourth quarter, we entered into 3 leases with
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 $1.04 million and two commercial properties for a total of $16.95 million. The homes were purchased in 2023 with a total acquisition price of approximately $0.9 million. The commercial properties were purchased between 2014 and 2015 for approximately $14.1 million, with a combined book value of approximately $11.6 million prior to the sale. "We are cautiously optimistic th
SAN DIEGO, Feb. 07, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW)) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust, today announced the sale of its Union Town Center and Research Parkway properties, comprising a multi building retail center in Colorado Springs, Colorado. "We acquired this well-located center in two separate off-market transactions in 2014 and 2015, and continued to upgrade the property and maintained occupancy close to its current 98% level," said Gary Katz, Chief Investment Officer. "Strong interest from the capital markets for retail and the center's location in the burgeoning north Colo
SAN DIEGO, Jan. 29, 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 in the fourth quarter of 2024, through subsidiary and affiliate entities, have sold five homes for a total of approximately $2.7 million. These homes were purchased between 2017 and 2022 with a total acquisition price of approximately $2.5 million. Model homes account for approximately 29% of our net real estate assets and we wholly owned 55 of the 78 model homes in our portfolio as of December 31, 2024. "The model home division was on par with expectations. Seasonal ad
SAN DIEGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW)) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") for the months of January 2025, February 2025 and March 2025. In accordance with the terms of the Series D Preferred Stock, the January 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on February 17, 2025, to shareholders of record of Series D Pref
SAN DIEGO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW)) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that its Board of Directors has approved a share repurchase plan authorizing the Company to repurchase up to $6 million of its outstanding shares of Series A Common Stock and up to $4 million of its outstanding shares of Series D Preferred Stock. Under the share repurchase program, the shares may be repurchased from time to time using a variety of methods, which may include open market transactions, privately negotiated transactions or otherwise, all in accordance wit
SAN DIEGO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. ("Presidio" or the "Company") (NASDAQ:SQFT, SQFTP, SQFTW)), an internally managed, diversified real estate investment trust ("REIT"), today announced that the Company has been granted an additional 180-day period from Nasdaq's Listing Qualification Department, through June 2, 2025, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The Company's common stock continues to trade on the Nasdaq Capital Market under the symbol "SQFT." If at any time until June 2, 2025, the closing bid price of the Company's common stock is at or above $1.00 per share for
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8-K - Presidio Property Trust, Inc. (0001080657) (Filer)
Aegis Capital reiterated coverage of Presidio Property Trust with a rating of Buy and set a new price target of $5.50 from $6.00 previously
Aegis Capital initiated coverage of Presidio Property Trust with a rating of Buy and set a new price target of $6.00
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SAN DIEGO, May 10, 2024 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), announced today that it has entered into a cooperation agreement with Zuma Capital Management, LLC ("Zuma"), Ouray Capital Management, LLC ("Ouray"), Reuben Berman, Stefani Carter, Vito Garfi, Brent Morrison, Elena Piliptchak, and certain affiliated and associated persons thereof (collectively, the "Zuma Investor Group") that beneficially holds, in the aggregate, 1,103,655 shares, or approximately 7.6%, of Presidio's outstanding common stock. Under the terms of the cooperation agreement, Elena Piliptchak, the
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SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) -- In a release issued under the same headline on March 31, 2025 by Presidio Property Trust, Inc. (NASDAQ:SQFT, SQFTP, SQFTW)), please note in the "The Year Ended December 31, 2024, Financial Results" section, in the second sentence of the first bullet the value for net real estate assets of $12.3 million is actually $127.6 million. The corrected release follows. Presidio Property Trust, Inc. (NASDAQ:SQFT, SQFTP, SQFTW)) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its year ended December 31, 2024. "We are pleased to report our 2024 earnings, continuing the strong rent c
SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW)) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") for the months of April 2025, May 2025 and June 2025. In accordance with the terms of the Series D Preferred Stock, the April 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on May 15, 2025, to shareholders of record of Series D Preferred Stock as
SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. (NASDAQ:SQFT, SQFTP, SQFTW)) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its year ended December 31, 2024. "We are pleased to report our 2024 earnings, continuing the strong rent collections that we have seen over the last few years, resulting in an increase to rental income during the year," said Jack Heilbron, the Company's President and Chief Executive Officer. "We were able to refinance two of our commercial properties during the year, as well as acquire 19 model homes." "During the fourth quarter, we entered into 3 leases with
SAN DIEGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW)) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") for the months of January 2025, February 2025 and March 2025. In accordance with the terms of the Series D Preferred Stock, the January 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on February 17, 2025, to shareholders of record of Series D Pref
SAN DIEGO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW))) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") for the months of October 2024, November 2024 and December 2024. In accordance with the terms of the Series D Preferred Stock, the October 2024 Series D dividend will be payable in cash in the amount of $0.19531 per share on November 15, 2024, to shareholders of record of Series D
SAN DIEGO, CA / ACCESSWIRE / August 14, 2024 / Presidio Property Trust, Inc. (NASDAQ:SQFT)(NASDAQ:SQFTP)(NASDAQ:SQFTW) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its quarter ended June 30, 2024."During the first and second quarters, we entered into 10 leases with new tenants totaling nearly 36,000 sf. Our tenant retention activity has been particularly noteworthy, as we successfully renewed 78% of expiring square footage during this same period. Our overall leasing outlook is positive" said Gary Katz, the Company's Chief Investment Officer.Three Months Ended June 30, 2024, Financial ResultsNet loss attributable to th
SAN DIEGO, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW))) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") for the months of July 2024, August 2024 and September 2024. In accordance with the terms of the Series D Preferred Stock, the July 2024 Series D dividend will be payable in cash in the amount of $0.19531 per share on August 15, 2024, to shareholders of record of Series D P
SAN DIEGO, CA / ACCESSWIRE / May 14, 2024 / Presidio Property Trust, Inc. (NASDAQ:SQFT)(NASDAQ:SQFTP)(NASDAQ:SQFTW) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its quarter ended March 31, 2024."During the first quarter of 2024, we have signed leasing transactions totaling 24,476 sf, including new leases and renewals. We believe 2024 is off to a good start. With currently scheduled lease expirations during 2024 at a level nearly one-half of that during 2023, there is good reason to anticipate that our rent roll will be more stable through the end of the year, even considering this period of uncertainty in the commercia
SAN DIEGO, April 03, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW))) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") for the months of April 2024, May 2024 and June 2024. In accordance with the terms of the Series D Preferred Stock, the April 2024 Series D dividend will be payable in cash in the amount of $0.19531 per share on May 15, 2024, to shareholders of record of Series D Preferred Stock a
SAN DIEGO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW))) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") for the months of January 2024, February 2024 and March 2024. In accordance with the terms of the Series D Preferred Stock, the January 2024 Series D dividend will be payable in cash in the amount of $0.19531 per share on February 15, 2024, to shareholders of record of Series D
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