Presidio Property Trust, Inc. (SQFT) reported that Gary M. Katz exchanged 265 shares of Series D Preferred Stock for 1,458 shares of common stock on October 2, 2026; the statement says no consideration was used for either side of the exchange. The cover page reports a beneficial-ownership amount of 99,461 Series A shares, comprising 83,565 shares and 15,896 shares issuable upon exercise of Series A Common Stock Purchase Warrants. It states that this represented 4.38% of the class, based on 2,272,927 shares outstanding as of October 7, 2026, and the 15,896 warrant shares.
Presidio Property Trust, Inc. disclosed that reporting person Jack Heilbron disposed of 18,163 shares of Series D Preferred Stock in exchange for 99,897 shares of common stock on October 2, 2026, through an issuer exchange offer. No consideration was used for either the disposition or the acquisition. The reported aggregate beneficial ownership was 337,379 shares, or 14.17%, as of March 31, 2026; the percentage calculation uses 2,380,430 shares of Class A Common Stock outstanding on October 6, 2026.
Presidio Property Trust, Inc. (SQFT) reported an issuer exchange involving its CEO and director, Jack Kendrick Heilbron: on October 2, 2026, 18,163 Series D Preferred Stock shares were exchanged for 99,897 common shares. Of the preferred shares, 11,563 held by Puppy Toes, Inc. and its subsidiaries were exchanged for 63,597 common shares; Heilbron also exchanged 6,600 directly held preferred shares for 36,300 common shares. Afterward, reported common holdings were 126,839 directly and 87,137 indirectly.
Presidio Property Trust, Inc. (SQFT) Chief Investment Officer Gary Morris Katz exchanged 265 shares of Series D Preferred Stock for 1,458 common shares in an issuer exchange offer on October 2, 2026. He directly held 83,565 common shares after the exchange. The reported per-share amounts were $6.25 for Series D Preferred Stock and $1.18 for common stock.
Presidio Property Trust, Inc. (SQFT) Chief Financial Officer Edwin H. Bentzen IV exchanged 200 shares of Series D Preferred Stock for 1,100 shares of common stock in an issuer exchange offer on October 2, 2026. The transaction rows report $6.25 per preferred share disposed and $1.18 per common share acquired. His reported post-transaction holdings were 0 Series D Preferred shares and 37,278 common shares.
Presidio Property Trust, Inc. (SQFT) accepted all 149,773 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock validly tendered and not validly withdrawn in its exchange offer. The tendered shares represented approximately 15.4% of the 973,736 Series D shares outstanding as of October 2, 2026; the offer expired at 11:59 p.m. New York City time that day.
Participating holders will receive 5.5 newly issued Series A common shares per tendered preferred share, for approximately 823,753 common shares to be issued. Presidio expects settlement on or about October 6, 2026, after which approximately 823,963 Series D shares will remain outstanding. Certain directors and executive officers tendered shares and will receive common stock on the same terms as other participating holders.
Presidio Property Trust, Inc. (SQFT) director and Chief Executive Officer Jack Kendrick Heilbron purchased 300 shares of SQFTP on September 21, 2026 in an open market or private transaction at a price of $6.21 per share. Following this transaction, he directly holds 18,163 shares of this security.
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. (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.