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Presidio Property Trust Inc - SQFT STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Presidio Property Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Presidio Property Trust's position in the market.

Rhea-AI Summary
Presidio Property Trust approves cash dividend of $0.023 per share for Q3 2023.
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Presidio Property Trust establishes Special Committee to explore potential strategic alternatives.
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Murphy Canyon Acquisition Corp. announces that its proxy statement/registration statement for the proposed business combination with Conduit Pharmaceuticals Limited has been declared effective by the SEC. The special meeting of stockholders to vote on the Transaction is scheduled for September 7, 2023.
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Presidio Property Trust, Inc. has declared dividends on its Series D Preferred Stock for July, August, and September 2023. The dividends will be payable in cash to shareholders of record on specific dates.
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2.2%
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Presidio Property Trust, Inc. reported a net loss of $(1,530,988), or $(0.13) per share for Q1 2023, compared to a net income of $(3,824,053), or $(0.32) per share for Q1 2022. The decrease in net income was due to a decrease in Series A Warrant Dividends, a decrease in rental revenue, and the expiration of a major tenant lease. The Company has already entered into a lease agreement for a new tenant and expects increases in rental revenue. FFO increased by approximately $2.5 million, while Core FFO increased by about $110,000. The Company acquired nine model home properties and sold three properties during the quarter.
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0.93%
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Presidio Property Trust, Inc. has announced the refinancing of the mortgage loan on its Grand Pacific Center property and the securing of a construction loan for tenant improvements. The refinanced loan is for $3.8 million with an interest rate of 6.35% for the first 60 months. The construction loan is for $2.7 million with an interest rate of 6.35% for the first 60 months.
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Presidio Property Trust Inc

Nasdaq:SQFT

SQFT Rankings

SQFT Stock Data

14.17M
7.55M
25.56%
20.86%
0.5%
Other Financial Vehicles
Finance and Insurance
Link
US
San Diego

About SQFT

presidio property trust was founded as netreit in 1999 as a contrarian real estate investor focused on out-of-the-mainstream properties, many in locations largely ignored by institutional investors. we have successfully found hidden value by acquiring properties at attractive prices resulting from unique seller circumstances, and then implementing an aggressive business plan.