Presidio Property Trust, Price, Forecast, Insider, Ratings, Fundamentals & Signals

San diego, ca / accesswire / april 8, 2024 / (nasdaq:sqft)(nasdaq:sqftp) presidio property trust, inc. ("presidio" or the "company"), an internally managed, diversified real estate investment trust ("reit"), has announced that klj engineering llc, which previously signed a long-term lease agreement to occupy 33,296 square feet at its grand pacific center office building in bismarck, north dakota, commenced occupancy in december, 2023. this lease results in the addition of $536,080 in annualized base rent effective march 1st, 2024.

San diego, april 03, 2024 (globe newswire) -- (nasdaq: sqft; sqftp; sqftw) presidio property trust, inc. (“presidio” or the “company”), an internally managed, diversified real estate investment trust (“reit”), today announced that its board of directors has authorized, and the company has declared, a dividend on its 9.375% series d cumulative redeemable perpetual preferred stock (the “series d preferred stock”) for the months of april 2024, may 2024 and june 2024. in accordance with the terms of the series d preferred stock, the april 2024 series d dividend will be payable in cash in the amount of $0.19531 per share on may 15, 2024, to shareholders of record of series d preferred stock as of the dividend record date of april 30, 2024.

San diego, dec. 21, 2023 (globe newswire) -- presidio property trust, inc. (“presidio” or the “company”) (nasdaq: sqft; sqftp; sqftw), an internally managed, diversified real estate investment trust (“reit”), today announced that it has received formal notice from the nasdaq stock market, llc ("nasdaq") stating that the company has regained compliance with the minimum bid price requirement set forth in nasdaq listing rule 5550(a)(2). as previously disclosed, the company received a written notice from nasdaq on june 6, 2023 notifying the company that it had failed to meet the $1.00 per share minimum bid price requirement for continued inclusion on the nasdaq capital market.

San diego, dec. 18, 2023 (globe newswire) -- (nasdaq: sqft; sqftp; sqftw) presidio property trust, inc. (“presidio” or the “company”), an internally managed, diversified real estate investment trust (“reit”), today announced that its board of directors has authorized, and the company has declared, a dividend on its 9.375% series d cumulative redeemable perpetual preferred stock (the “series d preferred stock”) for the months of january 2024, february 2024 and march 2024. in accordance with the terms of the series d preferred stock, the january 2024 series d dividend will be payable in cash in the amount of $0.19531 per share on february 15, 2024, to shareholders of record of series d preferred stock as of the dividend record date of january 31, 2024.

San diego, dec. 06, 2023 (globe newswire) -- presidio property trust, inc. (“presidio” or the “company”) (nasdaq: sqft; sqftp; sqftw), an internally managed, diversified real estate investment trust (“reit”), today announced that the company has been granted an additional 180-day period from nasdaq's listing qualification department, through june 3, 2024, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the nasdaq capital market.   the company's common stock continues to trade on the nasdaq capital market under the symbol “sqft.

The REIT sector averaged a +9.50% total return in November, but remains in negative territory year to date (-2.27%). Large cap REITs (+11.54%) outperformed again in November. Micro caps (+3.30%) finally had a month in the black, but continue to badly underperform their larger peers. 90.2% of REIT securities had a positive total return in November, but only 42.5% are in the black year to date.

There are 19 equity REITs with yields greater than 9%, ranging up to 19%. High dividend yields in REITs are partly due to cheap valuations relative to the broader market. This article will discuss how to assess the underlying fundamentals and potential risks.

There are thousands of penny stocks. However, when it comes to penny stock REITs (real estate investment trusts), there are only a handful.

Presidio Property Trust is a nano-cap REIT which has been paying a distribution it could not afford for over a year. Unsurprisingly, this resulted in a distribution cut to $0.02 based on the Q2 results, just one quarter after a small raise to $0.106/quarter.

Presidio Property Trust is paying a dividend it cannot afford. The core FFO in H2 2021 was just 8 cents per share, while the REIT is paying $0.105 per quarter.

Presidio Property Trust, Inc. (SQFT) CEO Jack Heilbron on Q4 2021 Results - Earnings Call Transcript

As January 2022 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4.1% to 5.375%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric:

Presidio Property Trust continues to meander about, with its fundamental condition growing worse each quarter. Though the company has made a lot of changes in recent years, the picture has never been worse.

SQFTP is the preferred stock of Presidio Property Trust, a tiny REIT that IPO'd in October 2020. SQFTP has dipped in price recently, rendering a very enticing dividend yield over 10%.

Presidio Property Trust, Inc. (SQFT) CEO Jack Heilbron on Q3 2021 Results - Earnings Call Transcript