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 reports news as an internally managed, diversified REIT with model home properties leased to homebuilders and a portfolio of office, industrial, and retail real estate. Company updates commonly address earnings, segment income, Core FFO, model home acquisitions and resales, commercial leasing, property refinancing, and market conditions affecting its real estate assets.
For SQFTP, news also centers on the 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, including declared cash dividends, dividend suspension, and the accrual of unpaid preferred dividends under the security's terms.
Presidio Property Trust (NASDAQ:SQFT; SQFTP) announced a cash dividend of $0.02 per share on its Series A Common Stock for Q3 2022, payable on September 30, 2022, to shareholders of record by September 16, 2022. The company has adopted a new variable dividend policy, which will determine dividends based on multiple factors, including property acquisitions and the market environment. CEO Jack Heilbron noted the significance of dividends for shareholder returns while remaining cautious about capital deployment.
Presidio Property Trust announced that its Shea Center II office building in Highlands Ranch, Colorado, has achieved WiredScore Silver certification. This achievement highlights the property’s commitment to superior digital connectivity, making it one of only six certified properties in Colorado. The 121,000 square foot Class 'A' office building features advanced technology infrastructure and flexible capabilities for future upgrades. The certification aligns with the company's strategy to enhance tenant experience and adapt to new technologies.
Presidio Property Trust announced a dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for August 2022. This payment is scheduled for September 15, 2022, to shareholders on record by August 31, 2022. The company, a diversified real estate investment trust (REIT), primarily holds model home properties leased to homebuilders in Texas and Florida, alongside office and retail properties mainly in Colorado. Presidio also sponsors the Murphy Canyon Acquisition Corp., a SPAC with approximately $140 million in trust.
Presidio Property Trust reported its Q2 2022 results, highlighting a net loss of $830,000 compared to a net income of $754,000 in Q2 2021. The company achieved a 98% rental collection rate and signed 16 leases, bringing total signed leases for the year to 32 covering 118,360 square feet. FFO decreased to $(46,000) from $456,000 year-over-year, mainly due to increased G&A expenses. The company paid dividends totaling $1.172 per share for Series D preferred stock in 2022.
Presidio Property Trust (NASDAQ:SQFT; SQFTP; SQFTW) declared a cash dividend of $0.19531 per share on its 9.375% Series D Preferred Stock for July 2022. Shareholders on record by July 31, 2022, will receive the dividend on August 15, 2022. Presidio, a diversified real estate investment trust (REIT), focuses on model home properties leased to homebuilders, as well as office, industrial, and retail sectors primarily in Texas, Florida, and Colorado.
Presidio Property Trust has declared a cash dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for June 2022. The record date for this dividend is June 30, 2022, with payment scheduled for July 15, 2022. This announcement underscores the company’s commitment to returning income to its shareholders amidst its diversified holdings that include model homes and various commercial properties primarily located in Texas and Florida.
Presidio Property Trust (NASDAQ:SQFT, SQFTP) has started tenant improvement construction for DISH Wireless LLC at its Genesis Plaza office building in San Diego, California. This lease, covering over 6,000 square feet, has increased occupancy at Genesis Plaza to 96%. CEO Jack Heilbron highlighted the significance of attracting a strong credit tenant like DISH, reflecting the high-quality business environment at Genesis Plaza. The press release also mentions Presidio's diverse real estate portfolio, which includes various property types across multiple states.
Presidio Property Trust has declared a cash dividend of $0.106 per share on its Series A Common Stock for the second quarter of 2022, marking the seventh consecutive quarterly dividend since its IPO in October 2020. The dividend will be payable on June 24, 2022, to stockholders of record as of June 10, 2022. Presidio is a diversified real estate investment trust focusing on model homes leased to homebuilders and other properties across several states, including Texas and Florida.
Presidio Property Trust has declared a dividend of $0.19531 per share for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, payable on June 15, 2022. Shareholders of record as of May 31, 2022 will receive this cash dividend. The company, which operates primarily in Texas and Florida, manages diversified real estate including model homes, office, industrial, and retail properties. The announcement highlights the company's continued commitment to providing returns to its shareholders amidst its operational footprint in various states, including Colorado and Maryland.
Presidio Property Trust reported a net loss of approximately $(3.8 million) or $(0.32) per share for Q1 2022, compared to $(2.6 million) or $(0.28) per share in Q1 2021. The company collected 92% of total tenant billings, achieving 100% collection from retail tenants. Fifteen leases were signed, with seven new tenants. The firm sold World Plaza for $10 million with a loss of $0.3 million, and disposed of model homes, earning a gain of $1.8 million. The dividend paid was $0.105 per share for Series A common stock.