Welcome to our dedicated page for Presidio Ppty Tr news (Ticker: SQFT), a resource for investors and traders seeking the latest updates and insights on Presidio Ppty Tr stock.
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) 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.