Presidio Property Trust(SQFT)
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Presidio Property Trust(SQFT) - 2022 Q2 - Quarterly Report
2022-08-11 20:05
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 June 30, 2022 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 ...
Presidio Property Trust(SQFT) - 2022 Q1 - Quarterly Report
2022-05-16 20:45
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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period from _____ to _____ 001-34049 (I.R.S. employer ...
Presidio Property Trust(SQFT) - 2021 Q4 - Earnings Call Transcript
2022-04-01 02:23
Financial Data and Key Metrics Changes - Core funds from operations (FFO) increased to $2.5 million in 2021 from $1.5 million in 2020, reflecting a substantial improvement in cash flow [14] - Interest expense in 2021 was 45% lower than in 2020, contributing to the increase in core FFO [14] - The company collected slightly more than 100% of what was billed to tenants in 2021, indicating strong rent collection performance [15] Business Line Data and Key Metrics Changes - The company executed 50 leases covering approximately 217,000 square feet in 2021, with over a third being new tenants [18] - The Model Home division sold 44 homes for about $21 million, recognizing a gain of approximately $3 million [23] Market Data and Key Metrics Changes - The company sold three Colorado office properties and one California retail property, totaling $33 million in transaction volume [20] - The acquisition of a 30,000 square foot building leased to the Bloomberg School of Public Health was completed, indicating a strategic investment in a mission-critical facility [21] Company Strategy and Development Direction - The company aims to focus on yield-driven, stable long-term lease properties with minimal capital expense exposure [28] - Plans to continuously grow through smart acquisitions and to raise more capital when market conditions are favorable [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the portfolio, citing that only 13 tenants requested rent assistance during the last lockdown [30] - The company believes that there are better investment returns outside of California, having sold all properties in the state except for its headquarters [10] Other Important Information - The company sponsored a SPAC, Murphy Canyon Acquisition, to potentially bring a real estate-related company public, which could create value for shareholders [12] - Shareholders received one warrant per share, allowing them to purchase stock at $7 per share over the next five years [11] Q&A Session Summary Question: How much will you make from your shares in the SPAC if it is successful? - The potential return could be as much as 30% to 40% of total equity, depending on negotiations with the target company [27] Question: What kinds of properties specifically are you looking at for new acquisitions? - The focus is on yield-driven, stable long-term lease properties across diversified property types, including industrial, office, and retail [28] Question: If there were to be another lockdown in 2022, how much of an effect do you think it would have on the Presidio Property portfolio? - Historical data suggests that the company managed well during the last lockdown, and a similar situation is expected if another lockdown occurs [30] Question: Do you have plans to raise more capital and what can we expect? - The company is always looking at capital markets and will raise more capital when the time is right and markets are favorable [32]
Presidio Property Trust(SQFT) - 2021 Q4 - Annual Report
2022-03-30 01:38
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-K (mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 000-53673 Presidio Property Trust, Inc. (Exact n ...
Presidio Property Trust(SQFT) - 2021 Q3 - Quarterly Report
2021-11-12 20:52
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 September 30, 2021 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 ...
Presidio Property Trust(SQFT) - 2021 Q3 - Earnings Call Transcript
2021-11-12 02:28
Presidio Property Trust, Inc. (NASDAQ:SQFT) Q3 2021 Earnings Conference Call November 11, 2021 4:30 PM ET Company Participants Lowell Hartkorn - Investor Relations Jack Heilbron - President and Chief Executive Officer Adam Sragovicz - Chief Financial Officer Gary Katz - Senior Vice President, Asset Management Steve Hightower - Executive Vice President, Model Homes Operator Good afternoon, ladies and gentlemen and welcome to the Presidio Property Trust Third Quarter 2021 Earnings Call. At this time, all part ...
Presidio Property Trust(SQFT) - 2021 Q2 - Earnings Call Presentation
2021-08-12 18:21
INVESTOR PRESENTATION © 2021 Presidio Property Trust, Inc. All rights reserved. | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Presidio Property Trust(SQFT) - 2021 Q2 - Earnings Call Transcript
2021-08-10 22:42
Presidio Property Trust, Inc. (NASDAQ:SQFT) Q2 2021 Earnings Conference Call August 10, 2021 4:30 PM ET Company Participants Lowell Hartkorn - Investor Relations Jack Heilbron - President and Chief Executive Officer Adam Sragovicz - Chief Financial Officer Gary Katz - Senior Vice President of Asset Management Larry Dubose - Head of Model Homes Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Presidio Property Trust Second Quarter 2021 Earnings Call. At this ...
Presidio Property Trust(SQFT) - 2021 Q2 - Quarterly Report
2021-08-10 20:26
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 June 30, 2021 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 ...
Presidio Property Trust(SQFT) - 2021 Q1 - Quarterly Report
2021-05-10 21:14
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, 2021 OR For the period from _____ to _____ 001-34049 (Commission file No.) ___________________________________________________________ PRESIDIO PROPERTY TRUST, I ...