Presidio Property Trust Provides Update on Model Home Activity in Q2 2025
Rhea-AI Summary
Presidio Property Trust (NASDAQ:SQFT) reported significant model home activity in Q2 2025. The company sold 7 homes for $3.5 million, which were originally purchased for $3.2 million between 2020-2023. Additionally, Presidio acquired 10 new homes worth $5.2 million across Texas, Alabama, and Tennessee.
The company's model home portfolio now consists of 87 properties, with 68 being wholly owned. Model homes represent 34% of net real estate assets and contribute 24% of rental revenue. The expansion focuses on Sun Belt states as part of Presidio's strategic growth plan with a nationally recognized builder.
Positive
- Successfully sold 7 homes for $3.5M, generating approximately $300K in gains from 2020-2023 purchases
- Strategic expansion with 10 new home acquisitions worth $5.2M in Sun Belt states
- Strong portfolio position with model homes representing 34% of net real estate assets
- Significant rental revenue contribution with model homes generating 24% of total rental income
- Geographic diversification through expansion in Texas, Alabama, and Tennessee markets
Negative
- High concentration risk with model homes comprising 34% of net real estate assets
- Significant capital deployment of $5.2M in new acquisitions may impact short-term liquidity
News Market Reaction
On the day this news was published, SQFT gained 4.60%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SAN DIEGO, July 09, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust (“REIT”) announced that in the second quarter of 2025, through subsidiary and affiliate entities, have sold seven homes for a total of approximately
“In the first half of the year, our team has done an outstanding job of identifying and executing on acquisition opportunities in Sun Belt states, which expand our geographical footprint and give us more diversification. This significant strategic accomplishment with a nationally recognized builder is a key step in our managed growth plan,” said Steve Hightower, President of the Model Homes Division.
About Presidio Property Trust
Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio’s model homes are leased to homebuilders located primarily in the sun belt states. Presidio’s office, industrial, and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. For more information on Presidio, please visit Presidio’s website at https://www.PresidioPT.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and other federal securities laws. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “will,” “should” and “could.” Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements also include statements relating to the closing of the business combination with Conduit within a certain timeframe or at all. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. Except as required by law, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s documents filed with the SEC, copies of which are available on the SEC’s website, www.sec.gov.
Investor Relations Contact:
Presidio Property Trust, Inc.
Lowell Hartkorn, Investor Relations
LHartkorn@presidiopt.com
Telephone: (760) 471-8536 x1244
This press release was published by a CLEAR® Verified individual.
FAQ
How many model homes did Presidio Property Trust (SQFT) sell in Q2 2025?
What was the total value of Presidio Property Trust's new home acquisitions in Q2 2025?
What percentage of Presidio Property Trust's net real estate assets are model homes?
How many model homes does Presidio Property Trust (SQFT) own as of June 2025?
Where are Presidio Property Trust's new model home acquisitions located?
