Presidio Ppty Tr Inc Stock Price, News & Analysis

Presidio Property Trust (NASDAQ:SQFT), a diversified real estate investment trust, has announced a registered direct offering of 170,830 shares of common stock priced at $12.00 per share, expected to raise approximately $2.05 million in gross proceeds.

The offering, expected to close around July 15, 2025, includes a Warrant Amendment reducing the exercise price of existing July 2021 warrants to $12.00 per share. A.G.P./Alliance Global Partners is serving as the sole placement agent, and the company plans to use the proceeds for working capital and general corporate purposes.

Presidio Property Trust (NASDAQ:SQFT) reported significant model home activity in Q2 2025. The company sold 7 homes for $3.5 million, which were originally purchased for $3.2 million between 2020-2023. Additionally, Presidio acquired 10 new homes worth $5.2 million across Texas, Alabama, and Tennessee.

The company's model home portfolio now consists of 87 properties, with 68 being wholly owned. Model homes represent 34% of net real estate assets and contribute 24% of rental revenue. The expansion focuses on Sun Belt states as part of Presidio's strategic growth plan with a nationally recognized builder.

Presidio Property Trust (NASDAQ: SQFT), a diversified REIT, has declared a dividend for its 9.375% Series D Preferred Stock covering July, August, and September 2025. Each monthly dividend will be $0.19531 per share, payable on the 15th of the following month to shareholders of record on the last day of the respective month.

The dividend payments are scheduled for August 15, September 15, and October 15, 2025, maintaining the company's commitment to providing regular income to its preferred stockholders.

Presidio Property Trust (NASDAQ: SQFT), an internally managed diversified REIT, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received formal notice from Nasdaq confirming that it met the listing requirement by maintaining a minimum closing bid price of $1.00 or higher for at least 10 consecutive business days, which was achieved on June 2, 2025. With this compliance achievement, Nasdaq has confirmed the matter is closed, and Presidio's common stock will continue to be listed and traded on the exchange.

Presidio Property Trust (NASDAQ: SQFT) has announced a 1-for-10 reverse stock split of its Series A Common Stock, set to take effect at market open on May 19, 2025. The primary goal is to increase the per-share market price to regain compliance with Nasdaq Capital Market's minimum bid price requirement and maintain listing status.

For every 10 shares of Series A Common Stock, stockholders will receive 1 share post-split. The company will round up fractional shares at the participant level, and all equity awards and warrants will be proportionally adjusted. The stock will continue trading under \"SQFT\" with a new CUSIP number 74102L501.

Presidio Property Trust (NASDAQ:SQFT) reported its Q1 2025 financial results with a significant turnaround in performance. The company posted a net income of $1.7 million ($0.13 per share), compared to a net loss of $5.8 million in Q1 2024. Total revenues were $4.1 million, down from $4.8 million in the same period last year. Key highlights include a 100% retention rate for expiring leases and the sale of two commercial properties for $17.0 million, resulting in a net gain of $4.2 million. The company's model home division sold 6 homes for $2.8 million with a $0.2 million gain, while acquiring 12 new model homes for $4.3 million. As of March 31, 2025, Presidio held $117.4 million in net real estate assets, including 84 model homes, and maintained mortgage notes payable of approximately $94.4 million with a weighted average interest rate of 5.83%.

Presidio Property Trust (NASDAQ: SQFT), an internally managed real estate investment trust, has completed its tender offer for its Series A Common Stock. The company successfully purchased 2,144,116 shares at a price of $0.68 per share, including 12,086 odd lot shares, for a total cost of approximately $1.46 million. The tender offer, which expired on May 5, 2025, allowed the company to purchase all odd lots plus up to 2,000,000 shares, with the flexibility to increase the amount by up to 2% (approximately 283,080 additional shares) without amending the offer.

Presidio Property Trust (NASDAQ: SQFT) has announced a tender offer to repurchase up to 2,000,000 shares of its Series A Common Stock, plus all odd lots, at a price of $0.68 per share. The offer will expire on May 5, 2025, unless extended or terminated earlier.

The tender offer is not contingent upon any minimum number of shares being tendered or financing conditions, though other conditions may apply. The company's directors and executive officers have indicated they do not intend to participate in the tender offer.

Broadridge Corporate Issuer Solutions, will serve as both the depositary/paying agent and information agent. Offer documents will be distributed to registered holders around April 10, 2025. Shareholders are advised to carefully review all offer documents and consult with their financial advisors before making any decisions.

Presidio Property Trust (NASDAQ: SQFT) has declared cash dividends for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for April, May, and June 2025. Each monthly dividend payment will be $0.19531 per share with the following schedule:

• April 2025 dividend: Payable May 15, 2025 (Record date: April 30, 2025)
• May 2025 dividend: Payable June 16, 2025 (Record date: May 31, 2025)
• June 2025 dividend: Payable July 15, 2025 (Record date: June 30, 2025)