Presidio Property Trust, Inc. reports news as an internally managed, diversified REIT with model home properties triple-net leased to homebuilders and a commercial portfolio of office, industrial and retail assets. Updates commonly cover earnings, Core FFO reconciliation, segment income, model home acquisitions and resales, commercial leasing, property refinancing, and portfolio conditions in residential and office real estate markets.
Company announcements also address capital and securityholder matters for SQFT, SQFTP and SQFTW, including Series D Cumulative Redeemable Perpetual Preferred Stock dividends and dividend suspensions, as well as investor-relations engagements and other corporate communications.
Presidio Property Trust (NASDAQ:SQFT) will release its Q3 2020 financial results on November 5, 2020, after market close. A webcast and conference call are scheduled for 1:30 PM PT on the same day to discuss these results. The supplemental financial package will be available on their website. Presidio's portfolio encompasses approximately 1.1 million square feet across 15 properties and includes 130 model home properties in seven states. This geographic diversity helps mitigate risks in their operations.
Presidio Property Trust (NASDAQ:SQFT) closed its initial public offering (IPO) on October 9, 2020, issuing 500,000 shares of Series A common stock at $5.00 each, totaling $2.5 million in gross proceeds. Trading began on October 7, 2020. Kingswood Capital Markets served as the bookrunner, with a 45-day option for underwriters to purchase an additional 75,000 shares. The offering was registered under SEC Form S-11, effective October 6, 2020. Presidio's portfolio includes 15 commercial properties and 130 model homes, primarily across Southern California, Colorado, and North Dakota.
On October 7, 2020, Presidio Property Trust, Inc. (NASDAQ:SQFT) experienced a temporary trading pause due to a technical issue related to its Series A Common Stock's CUSIP number. Nasdaq confirmed that this issue is resolved, and trading is set to resume on October 8, 2020. All trades made on October 7 will be honored. Presidio's diverse commercial real estate portfolio includes approximately 1.1 million square feet across 15 properties in various states, allowing for efficient management and reduced operating costs.
Presidio Property Trust (NASDAQ:SQFT) has announced the pricing of its initial public offering (IPO) of 500,000 shares of Series A common stock at $5.00 per share, aiming for gross proceeds of approximately $2.5 million. Trading is set to commence on the Nasdaq Capital Market on October 7, 2020, with the offering expected to close around October 9, 2020, pending customary conditions. Underwriters include Kingswood Capital Markets and R.F. Lafferty & Co. Inc., with an option for an additional 75,000 shares. The offering will be made via a prospectus filed with the SEC.