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.
Presidio Property Trust, Inc. (SQFTP) maintains this comprehensive news hub for investors tracking this self-managed REIT's strategic developments. Access official press releases and curated analysis covering Presidio's diversified portfolio of model home properties, commercial assets, and triple-net lease agreements.
This resource provides timely updates on earnings reports, property acquisitions, builder partnerships, and operational milestones. Investors will find essential information about the company's geographic-diversified holdings across residential and commercial real estate markets.
Key updates include:
• Quarterly financial results
• Strategic asset transactions
• Builder relationship developments
• Portfolio management initiatives
Bookmark this page for direct access to Presidio's verified corporate communications and market-moving updates. Check regularly for new information about this REIT's performance in evolving real estate markets.
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.
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