SAN DIEGO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW)) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT") announced that during January and February 2024 the Company has sold 2 model homes for a total of approximately $1.04 million and two commercial properties for a total of $16.95 million. The homes were purchased in 2023 with a total acquisition price of approximately $0.9 million. The commercial propert ...

SAN DIEGO, Feb. 07, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust, today announced the sale of its Union Town Center and Research Parkway properties, comprising a multi building retail center in Colorado Springs, Colorado. “We acquired this well-located center in two separate off-market transactions in 2014 and 2015, and continued to upgrade the property and maintained occupan ...

SAN DIEGO, Jan. 29, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust (“REIT”) announced that in the fourth quarter of 2024, through subsidiary and affiliate entities, have sold five homes for a total of approximately $2.7 million. These homes were purchased between 2017 and 2022 with a total acquisition price of approximately $2.5 million. Model homes account for approximately 29 ...

Core Viewpoint - Presidio Property Trust, Inc. has announced a share repurchase plan authorizing the repurchase of up to $6 million of Series A Common Stock and up to $4 million of Series D Preferred Stock [1] Group 1: Share Repurchase Plan - The share repurchase program allows for shares to be repurchased using various methods, including open market transactions and privately negotiated transactions, in compliance with SEC rules [2] Group 2: Company Overview - Presidio is an internally managed diversified real estate investment trust (REIT) with holdings in model home properties leased to homebuilders, as well as office, industrial, and retail properties [3] - The model homes are located in Arizona, Illinois, Texas, Wisconsin, and Florida, while the office, industrial, and retail properties are primarily in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [3] - The company also owns approximately 4.3% of the outstanding common stock of Conduit Pharmaceuticals Inc., a clinical-stage life science company [3]

SAN DIEGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT") announced that in third quarter of 2024, through subsidiary and affiliate entities, it acquired seven newly constructed single-family model home properties located in Texas. These seven homes were purchased for a total of approximately $4 million, with mortgage notes payable of approximately $2.8 millio ...

In accordance with the terms of the Series D Preferred Stock, the July 2024 Series D dividend will be payable in cash in the amount of $0.19531 per share on August 15, 2024, to shareholders of record of Series D Preferred Stock as of the dividend record date of July 31, 2024. The August 2024 Series D dividend will be payable in cash in the amount of $0.19531 per share on September 16, 2024, to shareholders of record of Series D Preferred Stock as of the dividend record date of August 30, 2024. The September ...

About Presidio Property Trust This press release contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and other federal securities laws. Forward-looking statements are statements that are not historical, including statements regarding management's intentions, beliefs, expectations, representations, plans or ...

SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT") announced that in second quarter of 2024, through subsidiary and affiliate entities, it acquired seven newly constructed single-family model home properties located in Texas. These seven homes were purchased for a total of approximately $3.5 million, with mortgage notes payable of approximately $2.4 mil ...

Group 1 - Presidio Property Trust, Inc. acquired seven newly constructed single-family model home properties in Texas for approximately $3.5 million, with $2.4 million in mortgage notes payable and $1.1 million in cash [1] - The company sold 15 homes during the second quarter of 2024 for a total of approximately $8.1 million [1] - The model homes are leased back to homebuilders on a triple-net basis, indicating a stable income stream for the company [1] Group 2 - Despite challenges such as affordability and higher interest rates, the company reported a brisk quarter of sales activity and is pleased with overall sales performance [2] - The company continues to analyze acquisition opportunities and engage with builders to find desirable properties [2] - Presidio's holdings include model home properties leased to homebuilders in multiple states, as well as office, industrial, and retail properties primarily located in Colorado [3] Group 3 - Presidio also owns approximately 6.5% of the outstanding common stock of Conduit Pharmaceuticals Inc., a clinical-stage life science company [3]

Group 1 - Presidio Property Trust, a diversified real estate investment trust (REIT), closed a public offering of 109,054 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock at a price of $16.00 per share, resulting in gross proceeds of approximately $1.74 million before expenses [1] - The offering was registered with the SEC under a shelf registration statement filed on April 26, 2024, and declared effective on May 17, 2024 [2] - The Benchmark Company, LLC acted as the sole bookrunning manager for the offering [5] Group 2 - Presidio Property Trust is internally managed and holds a diversified portfolio including model home properties leased to homebuilders, as well as office, industrial, and retail properties primarily located in Colorado [6] - The company owns approximately 6.5% of the outstanding common stock of Conduit Pharmaceuticals Inc., a clinical-stage life science company [6]