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 |
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4/A - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4 - Presidio Property Trust, Inc. (0001080657) (Issuer)
4/A - Presidio Property Trust, Inc. (0001080657) (Issuer)
10-Q - Presidio Property Trust, Inc. (0001080657) (Filer)
NT 10-Q - Presidio Property Trust, Inc. (0001080657) (Filer)
8-K - Presidio Property Trust, Inc. (0001080657) (Filer)
8-K - Presidio Property Trust, Inc. (0001080657) (Filer)
8-K - Presidio Property Trust, Inc. (0001080657) (Filer)
8-K - Presidio Property Trust, Inc. (0001080657) (Filer)
10-Q - Presidio Property Trust, Inc. (0001080657) (Filer)
8-K - Presidio Property Trust, Inc. (0001080657) (Filer)
8-K - Presidio Property Trust, Inc. (0001080657) (Filer)
8-K - Presidio Property Trust, Inc. (0001080657) (Filer)
SAN DIEGO, Oct. 17, 2024 (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 third quarter of 2024, through subsidiary and affiliate entities, it acquired seven newly constructed single-family model home properties located in Texas. These seven homes were purchased for a total of approximately $4 million, with mortgage notes payable of approximately $2.8 million, and approximately $1.2 million in cash. They are then leased back to the homebuilders on a triple-net basis. Additionally, during the third quarter of 2024, through subsidiary and af
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, July 02, 2024 (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 second quarter of 2024, through subsidiary and affiliate entities, it acquired seven newly constructed single-family model home properties located in Texas. These seven homes were purchased for a total of approximately $3.5 million, with mortgage notes payable of approximately $2.4 million, and approximately $1.1 million in cash. They are then leased back to the homebuilders on a triple-net basis. Additionally, during the second quarter of 2024, through subsidiary an
SAN DIEGO, June 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT) Presidio Property Trust, an internally managed, diversified real estate investment trust ("REIT"), today announced the closing of its public offering of 109,054 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock par value $0.01 per share (the "Series D Preferred Stock") at a price to the public of $16.00 per share for gross proceeds of approximately $1.74 million, before deducting underwriting discounts and offering expenses. The Benchmark Company, LLC acted as sole bookrunning manager for the offering A shelf registration statement on Form S-3 and an accompanying prospectus (File No. 333-278960), relat
SAN DIEGO, CA / ACCESSWIRE / June 20, 2024 / (NASDAQ:SQFT) Presidio Property Trust, an internally managed, diversified real estate investment trust ("REIT"), today announced the pricing of its public offering of 109,054 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock par value $0.01 per share (the "Series D Preferred Stock") at a price to the public of $16.00 per share. Gross proceeds from the offering are expected to be approximately $1.74 million, before deducting underwriting discounts and offering expenses.The offering is expected to close on or about June 24, 2024, subject to the satisfaction of customary closing conditions.The Benchmark Company, LLC is act
SAN DIEGO, May 29, 2024 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. (NASDAQ:SQFT, SQFTP, SQFTW))) ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), has announced that Conduit Pharmaceuticals Inc. (NASDAQ:CDT, CDTTW))) ("Conduit"), of which the Company owns approximately 6.3%, is expected to be added to the Russell 2000 Index effective at the open of US equity markets on Monday, July 1, 2024, as part of the annual reconstitution of the Russell stock indexes. A preliminary list of index additions, including Conduit, was posted by FTSE Russell on May 24, 2024. The annual Russell US Indexes reconstitution captures the largest US sto
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, 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
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
SAN DIEGO, Dec. 05, 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 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. About Presidio Property Trust Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and re
SAN DIEGO, Nov. 14, 2023 (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 quarter ended September 30, 2023. Quarter Ended September 30, 2023, Financial Results Net income attributable to the Company's common stockholders for the three months ended September 30, 2023 was approximately $20.96 million, or $1.77 per basic and diluted share, compared to a net loss of approximately $1.30 million, or $(0.11) per basic and diluted share for the three months ended September 30, 2022. The change in net income attributable to the Company's common
SAN DIEGO, Oct. 25, 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 October 2023, November 2023 and December 2023. In accordance with the terms of the Series D Preferred Stock, the October 2023 Series D dividend will be payable in cash in the amount of $0.19531 per share on November 15, 2023, to shareholders of record of Series
SAN DIEGO, Sept. 26, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP))) 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 a cash dividend of $0.023 per share on its Series A Common Stock for the third quarter of 2023. The dividend will be payable on October 11, 2023, to all stockholders of record as of the close of business on October 6, 2023. About Presidio Property Trust Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties.
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
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
SC 13G/A - Presidio Property Trust, Inc. (0001080657) (Subject)
SC 13D - Presidio Property Trust, Inc. (0001080657) (Subject)
SC 13D/A - Presidio Property Trust, Inc. (0001080657) (Subject)
SC 13D/A - Presidio Property Trust, Inc. (0001080657) (Subject)
SC 13D/A - Presidio Property Trust, Inc. (0001080657) (Subject)
SC 13D - Presidio Property Trust, Inc. (0001080657) (Subject)
SC 13D - Presidio Property Trust, Inc. (0001080657) (Subject)
SC 13D/A - Presidio Property Trust, Inc. (0001080657) (Subject)
SC 13G/A - Presidio Property Trust, Inc. (0001080657) (Subject)
SC 13D - Presidio Property Trust, Inc. (0001080657) (Subject)
The Dow Jones index closed lower by over 300 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Nephros The Trade: Nephros, Inc. (NASDAQ:NEPH) Director Arthur H Amron bought a total of 5,000 shares at an average price of $2.24. To acquire these shares, it cost around $11,176. What's Happening: On May 9, Nephros posted a narrower-than-expe
- SEC Filing
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching: Seven Hills Realty Trust (NASDAQ:SEVN) - P/E: 7.08 Comstock Holding Co (NASDAQ:CHCI) - P/E: 6.63 PennyMac Mortgage IT (NYSE:PMT) - P/E: 8.76 Presidio Property Trust (NASDAQ:SQFT) - P/E: 0.72 Urban Edge Props (NYSE:UE) - P/E: 8.11 Most recently, Seven Hills Realty Trust reported earnings per share at
The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the real estate sector: PennyMac Mortgage (NYSE:PMT) - P/E: 8.56 Presidio Property Trust (NASDAQ:SQFT) - P/E: 0.72 Ready Capital (NYSE:RC) - P/E: 3.89 Transcontinental Realty (NYSE:TCI) - P/E: 5.11 Americ
Presidio Property Trust, Inc. ("Presidio" or the "Company") (NASDAQ:SQFT, SQFTP, SQFTW))))), an internally managed, diversified real estate investment trust ("REIT"), today announced that it has received formal notice from the Nasdaq Stock Market, LLC ("Nasdaq") stating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). As previously disclosed, the Company received a written notice from Nasdaq on June 6, 2023 notifying the Company that it had failed to meet the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Capital Market.To regain compliance with the Listing Rule, the Company's com
As of Dec. 11, 2023, five stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Altisource Asset Management Corporation (NYSE:AAMC) On Dec. 5, Altisource Asset Management report
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 3, 2024, 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 3, 2024, the closing bid price of the Company's common stock is at or above $1.00 per share for a minimum of ten consecutive trading days,
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the real estate sector: Comstock Holding Co (NASDAQ:CHCI) - P/E: 5.99 Franklin BSP Realty Trust (NYSE:FBRT) - P/E: 9.01 Alexander's (NYSE:ALX) - P/E: 9.98 Landsea Homes (NASDAQ:LSEA) - P/E: 9.37 Presidio Property