Presidio Property Trust, Inc. (SQFT) SEC Filings

Presidio Property Trust, Inc. (SQFT) has begun an exchange offer for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock. Holders may tender any or all outstanding Series D shares in exchange for 5.5 shares of Series A Common Stock for each preferred share validly tendered and accepted.

The offer expires at 11:59 p.m. New York City time on October 2, 2026, unless extended or earlier terminated. The exchange is being made under an effective registration statement on Form S-4 and related final prospectus and tender offer statement on Schedule TO filed with the SEC.

Presidio Property Trust, Inc. (symbol: SQFT) is the issuer of record for a Form 8-K filing submitted to the SEC.

Presidio Property Trust, Inc. (SQFT) has amended its tender offer to exchange each outstanding share of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for 5.5 newly issued shares of its Series A Common Stock. The offer applies to Series D shares that are validly tendered, not withdrawn and accepted.

The exchange offer commenced on September 2, 2026 and is scheduled to expire at 11:59 p.m. New York City time on October 2, 2026, unless extended or earlier terminated. As of September 2, 2026, there were 973,736 shares of Series D Preferred Stock issued and outstanding, which trade on Nasdaq under the symbol SQFTP.

Presidio Property Trust, Inc. (SQFT) is conducting a registered Exchange Offer to swap any and all of its 973,736 outstanding shares of 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for newly issued Series A Common Stock at an Exchange Ratio of 5.5 common shares for each preferred share. As of September 1, 2026, 1,434,432 common shares were outstanding, the Series D traded at $7.18 and the common at $1.54.

The company has suspended monthly dividends on the Series D beginning with the January 2026 dividend and reports $1,331,263 of accrued and unpaid preferred dividends as of July 31, 2026. It states that dividends on the Series D (at 9.375% of a $25 liquidation preference) are unlikely to be paid, including arrears, for the foreseeable future, and that all unpaid preferred dividends must be satisfied before any common dividend.

Presidio explains that the Exchange Offer is intended to recapitalize the balance sheet, reduce the burden of accumulated preferred dividends and liquidation preference, preserve cash for debt reduction and acquisitions, and enhance common stock value and trading liquidity. The company notes that if all preferred shares are exchanged, common shares outstanding would increase to 5,329,376, an increase of approximately 373%, significantly diluting existing common holders’ voting power. The offer expires at 11:59 p.m. New York City time on October 2, 2026, subject to extension, and will not proceed unless the registration statement is effective and other stated conditions are satisfied.

Presidio Property Trust, Inc. (SQFT) reported that it has completed a five-year lease extension with its largest tenant, Johns Hopkins University (on behalf of the Bloomberg School of Public Health), at its Baltimore property. The lease extension was completed on August 20, 2026.

Johns Hopkins University occupies all 31,752 square feet of the Baltimore property, and the new agreement extends the lease term to December 31, 2031. Presidio describes itself as an internally managed, diversified REIT with model home, office, industrial, and retail properties across several U.S. states.

Presidio Property Trust, Inc. (SQFT) filed an amendment to its Schedule TO describing an issuer exchange offer for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock. For each validly tendered, not withdrawn and accepted preferred share, Presidio is offering 5.5 newly issued shares of its Series A Common Stock, as described in a prospectus dated August 21, 2026 and registered on Form S-4. The subject securities are the Series D Preferred Stock, of which 973,736 shares were issued and outstanding as of August 6, 2026, and the preferred shares trade on Nasdaq under the symbol SQFTP. The filing incorporates by reference detailed conditions of the exchange offer and related tax opinions.

Presidio Property Trust, Inc. (symbol SQFT) has filed an amended Form S-4 for an exchange offer to recapitalize its balance sheet. For each tendered share of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, holders would receive 5.5 shares of newly issued Series A Common Stock.

As of August 20, 2026, 973,736 Series D Preferred shares and 1,434,432 Common shares were outstanding; if all preferred shares are exchanged, Common shares outstanding would rise to 5,329,376, an increase of about 373%. The company has suspended Series D dividends since January 2026, with $1,331,263 of accrued and unpaid dividends as of July 31, 2026, and will receive no cash proceeds from the exchange.

The offer is intended to reduce dividend and liquidation preferences over the common stock, preserve cash for debt reduction and acquisitions, and improve access to equity capital, but it creates substantial dilution for existing common holders and offers preferred holders consideration below the $25.00-per-share liquidation preference. Completion is subject to effectiveness of the registration statement and other conditions, and the filing highlights significant risks around Nasdaq listing compliance, real estate market conditions and the company’s ability to pay future dividends.

Presidio Property Trust, Inc. (SQFT) reports continued losses for the six months ended June 30, 2026 while shrinking and de‑levering its real estate portfolio. Total revenue was $7.6 million versus $8.5 million a year earlier, driven by lower rental income. Net loss attributable to common stockholders was $4.5 million, or $3.43 per share, including $3.5 million of non‑cash impairment charges on commercial and model home properties.

Total assets declined to $106.7 million from $122.1 million at year‑end 2025, mainly from property sales and impairments; mortgage notes payable fell to $80.9 million from $92.9 million. The company sold the Dakota Center office asset and nine model homes for combined net proceeds of about $8.7 million, generating gains but also exiting collateral.

Liquidity remains tight: cash and restricted cash totaled $5.9 million, and net cash from operating activities was only $24,839. A non‑recourse loan on Shea Center II went into default and the property moved toward foreclosure, with a July 1, 2026 auction subsequently transferring the asset to the lender. The board suspended dividends on the 9.375% Series D preferred stock, leaving about $1.1 million of cumulative unpaid preferred dividends in arrears, while no common dividends were paid.

Presidio Property Trust, Inc. has launched an issuer exchange offer for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock. For each validly tendered, not withdrawn and accepted Series D preferred share, holders are offered 5.5 newly issued shares of Series A Common Stock, on the terms and conditions described in the August 7, 2026 prospectus filed as part of a Form S-4 registration statement.

The Series D Preferred Stock, which is the subject security of the offer, had 973,736 shares issued and outstanding as of August 6, 2026 and is listed on Nasdaq under the symbol SQFTP. Recent trading ranges include a high of $9.30 and a low of $4.91 for the quarter ended June 30, 2026.