Welcome to our dedicated page for Presidio Property news (Ticker: SQFTP), a resource for investors and traders seeking the latest updates and insights on Presidio Property stock.
News for SQFTP focuses on developments related to Presidio Property Trust, Inc.’s 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock and the broader activities of Presidio as an internally managed, diversified REIT. Company announcements link SQFTP to Presidio’s real estate portfolio, which includes model home properties triple-net leased to homebuilders and office, industrial, and retail properties in several U.S. states.
Investors following SQFTP-related news see regular updates on Presidio’s dividend declarations for the Series D Preferred Stock. The company has issued press releases detailing monthly cash dividends on this series, including the per-share amounts for each month in a quarter and the record and payment dates, in accordance with the terms of the preferred stock.
News items tied to SQFTP also include Presidio’s quarterly earnings releases, where the company reports segment performance for model homes, office/industrial, and retail properties, as well as metrics such as Funds From Operations (FFO), Core FFO, Net Operating Income (NOI), and adjusted NOI. These updates describe how model homes and commercial properties contribute to rental revenue and net real estate assets, and they summarize acquisitions, dispositions, impairment charges, and refinancing activity.
Additional coverage includes capital markets announcements, such as registered direct offerings of common stock and warrant amendments, and corporate updates like the company’s notice that it regained compliance with Nasdaq’s minimum bid price requirement. Together, these disclosures provide context for how Presidio manages its REIT platform and capital structure, which includes the 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock trading under the symbol SQFTP.
For users tracking SQFTP news, this page aggregates these company communications so readers can review dividend declarations, earnings information, property activity, and listing-related updates associated with Presidio Property Trust, Inc.
Presidio Property Trust announced the closing of a registered direct offering totaling 1,000,000 shares of Series A common stock, along with warrants and pre-funded warrants. The offering price was set at $5.00 per share for common stock plus warrants and $4.99 for common stock plus pre-funded warrants. The net proceeds are expected to be approximately $9.1 million, intended for working capital and potential property acquisitions. A.G.P./Alliance Global Partners acted as placement agent. The offering was conducted under an effective shelf registration statement.
Presidio Property Trust has declared a dividend of $0.10417 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, to be paid on July 15, 2021. This dividend covers the initial period from the issue date of June 15 to June 30, 2021. Shareholders of record as of June 30, 2021 will be eligible for this payment. The company is classified as a diversified real estate investment trust (REIT) with properties mainly located in Texas, Florida, Colorado, North Dakota, and Southern California.
Presidio Property Trust has announced that underwriters fully exercised their over-allotment option, purchasing an additional 120,000 shares of 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for gross proceeds of $3.0 million. This brings total proceeds from the offering to $23.0 million from 920,000 shares sold. The funds will be used for general corporate purposes, including potential property acquisitions. The Series D Preferred Stock began trading on the Nasdaq on June 11, 2021, under the symbol SQFTP.