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 has declared a cash dividend of $0.19531 per share on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for April 2022. The dividend will be payable on May 15, 2022, to shareholders of record by April 30, 2022. Presidio is a diversified real estate investment trust (REIT) focused on model home properties, as well as office, industrial, and retail holdings, primarily located in Texas, Florida, and Colorado. They also sponsor the SPAC Murphy Canyon Acquisition Corp., with approximately $140 million held in trust.
Presidio Property Trust, reporting 2021 earnings, shows a net loss of $4.8 million, improved from $7.7 million in 2020. This reduction is attributed to a $4 million decline in interest expense, $2.6 million in rental costs, and $566,000 in administrative expenses. Core FFO increased to $2.5 million from $1.5 million in the previous year. The company sold several properties at a loss but continued to reposition its portfolio, acquiring 28 model homes during the year, enhancing its leasing activities.
Presidio Property Trust announced the successful sale of World Plaza, a retail center in San Bernardino, California, completing its strategy to divest retail properties in the state. The property was fully occupied at the time of sale, following extensive renovations that increased its occupancy from 31% in 2018 to 100% in 2019. The company retains its last commercial property in California, Genesis Plaza, which houses its headquarters. Presidio operates a diversified portfolio primarily in Texas and Florida, with an eye on future investments through its SPAC, Murphy Canyon Acquisition Corp.
Presidio Property Trust (NASDAQ: SQFT; SQFTP) announced it will release its financial results for the year ended December 31, 2021, on March 31, 2022. A conference call to discuss these results is scheduled for 1:30 PM PT on the same day. The company focuses on model home properties leased to homebuilders and has a diversified real estate portfolio across several states including Texas, Florida, and Colorado. Presidio also sponsors Murphy Canyon Acquisition Corp., a SPAC targeting the real estate sector.
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.
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.