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 (SQFT) maintains this dedicated news hub for investors tracking this diversified REIT's unique model home and commercial property investments. Our curated collection provides immediate access to all official announcements, financial disclosures, and market developments.
This resource serves investors seeking to monitor SQFT's contrarian acquisition strategy, triple-net lease expansions, and geographic portfolio growth. Find timely updates on earnings reports, property transactions, and strategic partnerships that drive this internally managed REIT's performance.
The news feed covers essential categories including quarterly financial results, model home portfolio updates, commercial property acquisitions, leadership announcements, and operational efficiency initiatives. All content is sourced directly from company filings and verified industry channels.
Bookmark this page for streamlined tracking of Presidio's market movements. Combine regular visits with our historical archive to analyze long-term trends in this specialized real estate investment trust's performance.
Presidio Property Trust (SQFT, SQFTP) announced significant developments in its first quarter 2023 report. The company acquired 9 new single-family model home properties across Arizona, Florida, Illinois, Texas, and Wisconsin, which are leased back to homebuilders on a triple-net basis. In addition, Presidio sold 3 model homes for approximately $1.6 million, realizing a gain of $393,000. The average purchase price was roughly $380,000, while the average sales price reached around $540,000. Management expressed confidence in the model home resale performance, highlighting anticipated growth from strategic property acquisitions, and aims to strengthen homebuilder relationships throughout 2023.