Presidio Ppty Tr Inc Stock Price, News & Analysis

Presidio Property Trust has announced a cash dividend of $0.105 per share on its Series A Common Stock for Q1 2022. This marks the sixth consecutive quarterly dividend and reflects growth since the company's IPO in October 2020. The dividend will be payable on March 28, 2022, to stockholders of record as of March 16, 2022. Presidio is a diversified REIT focusing on model home properties leased to homebuilders, with holdings primarily in Texas and Florida, as well as properties in Colorado and other states.

Presidio Property Trust has announced a cash dividend of $0.19531 per share for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for February 2022. This dividend will be paid on March 15, 2022, to shareholders recorded as of February 28, 2022. The company is a diversified real estate investment trust with properties primarily located in Texas and Florida, aiming to reduce operational costs through geographically clustered real estate. For more details, visit PresidioPT.com.

Presidio Property Trust announced the successful IPO of its sponsored SPAC, Murphy Canyon Acquisition Corp, which sold 13,225,000 units at $10 each, raising approximately $132.25 million. Each unit consists of one share of common stock and a warrant for an additional share at $11.50. The units began trading on Nasdaq under the ticker symbol MURFU. Murphy Canyon aims to merge with businesses in the real estate sector, targeting companies with values between $300 million and $1.2 billion.

Murphy Canyon Acquisition Corp. closed its initial public offering (IPO) of 13,225,000 units at $10.00 per unit, including an over-allotment of 1,725,000 units. The units began trading on NASDAQ under the ticker MURFU on February 3, 2022. Each unit consists of one share of common stock and one redeemable warrant, with warrants exercisable at $11.50. The company targets real estate businesses with a combined enterprise value of $300 million to $1.2 billion. The offering was managed by A.G.P./Alliance Global Partners and co-managed by The Benchmark Company.

Murphy Canyon Acquisition Corp. (NASDAQ:MURFU) has announced that its IPO underwriters fully exercised the over-allotment option, resulting in the purchase of an additional 1,725,000 units at $10.00 each. This brings total gross proceeds to $132.25 million. Each unit consists of one share of Class A common stock and a redeemable warrant for one additional share at $11.50. The units began trading on February 3, 2022. The company targets mergers and acquisitions within the real estate sector, aiming for a combined enterprise value of $300 million to $1.2 billion.

Presidio Property Trust issued a special dividend of warrants to purchase common stock, starting trading under the symbol SQFTW on January 24, 2022. The ex-dividend date is also January 24, 2022, for shareholders on record by January 14, 2022. Each warrant allows purchase of one share at $7.00 per share for a duration of five years. If not exercised, warrants convert to 1/10 of a common share upon expiration. Presidio is a diversified REIT primarily invested in model homes leased to builders in Texas and Florida, and various commercial properties.

Presidio Property Trust announced a cash dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for January 2022. The dividend will be paid on February 15, 2022, to shareholders of record as of January 31, 2022. This declaration demonstrates the company’s commitment to providing income to shareholders, amidst its diversified portfolio in real estate, primarily across Texas and Florida for model homes, and various properties in Colorado and other states.

Presidio Property Trust (NASDAQ: SQFT, SQFTP) announces a special warrant dividend related to its common stock. Trading with "due bills" will begin after the January 14, 2022 record date until just before the expected ex-dividend date on January 24, 2022. Shareholders holding shares by the record date will receive warrants allowing them to buy common stock at $7.00 per share for five years. If not exercised, warrants convert to 1/10 of a common share upon expiration. Presidio applied for warrants to trade under the symbol SQFTW.

Presidio Property Trust announced its role as the sponsor for a proposed $150 million initial public offering (IPO) through a new subsidiary, Murphy Canyon Acquisition Corp. This SPAC aims to offer 15 million units at $10 per unit, each comprising one share of common stock and three-fourths of a redeemable warrant, targeting businesses in the real estate sector, particularly Proptech. The IPO is underwritten by A.G.P/Alliance Global Partners and the offering is expected to commence within 45 to 60 days.