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 ...

The Benchmark Company, LLC acted as sole bookrunning manager for the offering Investor Relations Contacts: SAN DIEGO, June 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT) Presidio Property Trust, an internally managed, diversified real estate investment trust ("REIT"), today announced the closing of its public offering of 109,054 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock par value $0.01 per share (the "Series D Preferred Stock") at a price to the public of $16.00 per share fo ...

SAN DIEGO, June 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT) Presidio Property Trust, an internally managed, diversified real estate investment trust ("REIT"), today announced the closing of its public offering of 109,054 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock par value $0.01 per share (the "Series D Preferred Stock") at a price to the public of $16.00 per share for gross proceeds of approximately $1.74 million, before deducting underwriting discounts and offering expen ...

SAN DIEGO, May 29, 2024 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. (NASDAQ: SQFT; SQFTP; SQFTW) ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), has announced that Conduit Pharmaceuticals Inc. (NASDAQ: CDT, CDTTW) ("Conduit"), of which the Company owns approximately 6.3%, is expected to be added to the Russell 2000 Index effective at the open of US equity markets on Monday, July 1, 2024, as part of the annual reconstitution of the Russell stock ...

Exhibit 99.2 >> KI v Trust Pror Shea Center Highlands, CO SUPPLEMENTAL FINANCIAL INFORMATION As of March 31, 2024? FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the federal securities laws that involve risks and uncertainties, many of which are beyond our control. Our actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Quarterl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period from _____ to _____ 001-34049 (Commission file ...

Real Estate Assets and Transactions - The company owns or has an equity interest in 758,175 rentable square feet of Office/Industrial Properties, 65,242 rentable square feet of Retail Properties, and 110 Model Home Properties as of December 31, 2023[460] - The company acquired 40 Model Home Properties for $21.9 million in 2023, consisting of $6.6 million in cash payments and $15.3 million in mortgage notes[474] - The company recognized a gain of approximately $5.4 million from the sale of 31 model homes for $17.5 million in 2023[475] - The company acquired 31 Model Home Properties for $15.6 million in 2022, consisting of $4.8 million in cash payments and $10.8 million in mortgage notes[467] - The company recognized a gain of approximately $3.2 million from the sale of 22 model homes for $11.7 million in 2022[468] - The company disposed of World Plaza for approximately $10.0 million in 2022, recognizing a loss of approximately $0.3 million[466] - No acquisitions or sales of retail, office, or industrial properties occurred during 2023, leading to expected decreases in gross revenues from these assets in 2024[510] - The company expects to see activity in sales of commercial real estate assets in the near future[510] - Model home assets made up 35% of total real estate assets as of December 31, 2023, up from 28% in 2022, contributing approximately 23% of total revenue[510] Capital Market Activities - The company sponsored a SPAC that raised $132,250,000 in capital investment and owned approximately 23.49% of the issued and outstanding stock upon the initial public offering[476] - The company owned approximately 6.3% of Conduit's common stock immediately following the business combination with Conduit Pharma[472] - The company loaned $1.0 million to Murphy Canyon in 2023, which was repaid in full on the date of the business combination with Conduit Pharma[478] - The company recorded a $40.3 million gain from deconsolidation of Murphy Canyon, including $34.1 million from remeasurement of retained investment and $6.2 million from deconsolidation of assets/liabilities[522] - If all Common Stock Warrants were exercised at $5.00 per share, the company would receive $10 million and issue 2,000,000 additional shares[538] - If all Series A Warrants were exercised at $7.00 per share, the company would receive $101.2 million and issue 14,450,069 additional shares[540] Cap Rates and Market Trends - REIT implied and private transaction-based cap rate spread was 170 bps, and REIT implied and private appraisal-based cap rate spread was 216 bps as of the third quarter of 2023[480] - Industrial sector cap rates peaked at 6.39% in September 2023, then declined to 6.24% in January 2024, with San Antonio recording the highest cap rate at 8.72% and Atlanta the lowest at 4.57%[484] - Retail sector cap rates fluctuated significantly, reaching a high of 6.48% in December 2023 before declining in January 2024, with Phoenix at 8.01% and Nashville at 4.30%[485] - Office sector cap rates decreased to an average of 6.03% in January 2024 from 6.27% in December 2023, with Indianapolis recording the highest cap rate at 9.62% and Columbus the lowest at 4.65%[486] Financial Performance and Expenses - Rental operating costs increased by approximately $121,522 or 2% to $6.0 million for the year ended December 31, 2023, compared to $5.8 million in 2022[510] - General and administrative expenses increased by $0.6 million or 10% to $6.8 million in 2023, representing 38.5% of total revenue compared to 34.7% in 2022[512] - Interest expense on mortgage notes increased by $0.3 million or 6% to $5.0 million in 2023 due to higher mortgage debt and increased weighted average interest rate from 4.57% to 5.18%[514] - Income allocated to non-controlling interests decreased from $3.6 million in 2022 to $3.0 million in 2023 due to fewer model home sales (19 in 2022 vs 13 in 2023)[515] - Model Home segment revenue increased from 16.3% of total revenue in 2022 to 23.4% in 2023, while Office/Industrial decreased from 71.2% to 65.9%[519] - The material impact on office property expenses in 2023 was an impairment charge[510] Debt and Cash Flow - Total mortgage debt increased from $97.8 million in 2022 to $108.5 million in 2023, with $23.5 million in principal payments due in 2024[525] - Cash and cash equivalents decreased from $16.5 million in 2022 to $6.5 million in 2023, including restricted cash of $4.4 million and $3.7 million respectively[530] - Net cash from investing activities was $120.3 million in 2023 compared to cash used of $126.4 million in 2022, primarily due to $137 million distributed from Murphy Canyon Trust Account[532] Investments and Marketable Securities - Marketable securities held at a third-party broker totaled approximately $45.149 million as of December 31, 2023, measured at fair value using Level 1 market prices[503] - Investments in Conduit's common stock and warrants totaled approximately $18.3 million as of December 31, 2023, with a cost basis of approximately $7.5 million[503]

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period from _____ to _____ 001-34049 (Commission f ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q ___________________________________________________________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period from _____ to _____ 001-34049 (Commission file N ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period from _____ to _____ 001-34049 (Commission file ...