Presidio Property Trust

Presidio Property Trust, Inc. is a self-managed real estate investment trust, which invests in a diverse multi-tenant portfolio of real estate assets. It operates through the following segments: Office and Industrial Properties, Model Home Properties, and Retail Properties. The Office and Industrial Properties segment consists of office buildings and an industrial property leased to a variety of tenants ranging from small businesses to large public companies. The Model Home Properties segment consists of model home residential properties leased to homebuilders. The Retail Properties segment includes shopping centers. The company was founded by Jack Kendrick Heilbron on September 28, 1999 and is headquartered in San Diego, CA.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Major Tenant Occupies Presidio Property Trust North Dakota Property

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.

Presidio Property Trust Announces Series D Preferred Stock Cash Dividend

CBL & Associates Properties

Four Corners Property Trust

Host Hotels & Resorts

JBG SMITH Properties

National Storage Affiliates Trust

Pennsylvania Real Estate Investment Trust

Regency Centers

Simon Property Group

Strawberry Fields REIT Ltd

Vanguard Real Estate ETF

Wheeler Real Estate Investment Trust

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.

The State Of REITs: December 2023 Edition

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.

Presidio Regains Compliance with Nasdaq Minimum Bid Price Requirement

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.

Presidio Granted Second 180-Day Period by Nasdaq to Regain Compliance with Minimum Bid Price Rule

SAN DIEGO, Dec. 05, 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 a cash dividend of $0.023 per share on its Series A Common Stock for the fourth quarter of 2023. The dividend will be payable on December 26, 2023, to all stockholders of record as of the close of business on December 18, 2023.

Presidio Property Trust Declares Fourth-Quarter 2023 Dividend

Apartment Income REIT Corp

BRT Apartments

Crown Castle International

Clipper Realty

CIM Commercial Trust

CTO Realty Growth

Dominion Energy

Easterly Government Properties

Generation Income Properties

Global Medical REIT

Global Net Lease

Gladstone Commercial

Healthcare Realty Trust Inc

Modiv

Omega Healthcare Investors

One Liberty Properties

OUTFRONT Media

Postal Realty Trust

Sabra Health Care

Service Properties Trust

UMH Properties

Overall, this is a good time to invest in REITs. The expected surge in REIT share prices will not benefit all REITs equally. There are always mousetrap REITs, even in the best of times. Dividend safety is crucial for REIT value as a dividend cut can lead to a significant loss in share value.

Mouse Traps: 8 High-Yielding REITs Risking Dividend Cuts

Alexander's

Gladstone Commercial Corp 7 1/2 % Cum Red Pfd Shs Series B

Medical Properties Trust

Office Properties Income Trust

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.

Extremely High Yield REITs: Danger And Opportunity

SAN DIEGO, Nov. 17, 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 approved a share repurchase plan authorizing the Company to repurchase up to $6 million of its outstanding shares of Series A Common Stock and up to $4 million of its outstanding shares of Series D Preferred Stock. Under the share repurchase program, the shares may be repurchased from time to time using a variety of methods, which may include open market transactions, privately negotiated transactions or otherwise, all in accordance with the rules of the Securities and Exchange Commission and other applicable legal requirements.

Presidio Property Trust Announces Update of Share Repurchase Program

SAN DIEGO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. (Nasdaq: SQFT, SQFTP, SQFTW) (the “Company”), an internally managed, diversified real estate investment trust (“REIT”), today reported earnings for its quarter ended September 30, 2023. Quarter Ended September 30, 2023, Financial Results Net income attributable to the Company's common stockholders for the three months ended September 30, 2023 was approximately $20.96 million, or $1.77 per basic and diluted share, compared to a net loss of approximately $1.30 million, or $(0.11) per basic and diluted share for the three months ended September 30, 2022.

Presidio Property Trust, Inc. Announces Earnings for the Quarter Ended September 30, 2023

Presidio's sponsored SPAC completed its previously announced business combination with Conduit Pharmaceuticals, Inc. Conduit now trades on the Nasdaq under ticker symbol “CDT” for its common stock on the Global Market and ticker symbol “CDTTW” for its warrants on the Capital Market SAN DIEGO, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc., (NASDAQ: SQFT; SQFTP; SQFTW) (“Presidio” or the “Company”), today announced the successful merger with and commencement of trading of Conduit Pharmaceuticals, Inc., now trading on Nasdaq under the ticker symbol CDT for common stock on the Global Market and ticker symbol CDTTW for warrants on the Capital Market. In connection with the completion of the merger, Presidio's sponsored SPAC Murphy Canyon Acquisition Corp. changed its name to Conduit Pharmaceuticals Inc. Conduit is a disease agnostic multi-asset clinical-stage disease-agnostic life science company providing an efficient model for compound development.

Presidio Property Trust Announces Closing of Merger of Its Sponsored SPAC Murphy Canyon Acquisition Corp Now Trading as Conduit Pharmaceuticals (Nasdaq: CDT and CDTTW)

SAN DIEGO, Sept. 26, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP) 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 a cash dividend of $0.023 per share on its Series A Common Stock for the third quarter of 2023.

Presidio Property Trust Declares Third-Quarter 2023 Dividend

SAN DIEGO, CA / ACCESSWIRE / September 20, 2023 / Murphy Canyon Acquisition Corp. (Nasdaq:MURF) ("MURF" or "Murphy Canyon"), a special purpose acquisition company, announced today that at a special meeting of the MURF stockholders (the "Special Meeting") held today, MURF's stockholders voted in favor of the proposed business combination (the "Business Combination") with Conduit Pharmaceuticals Limited ("Conduit") and the related proposals. As a result, the completion of the Business Combination is expected to occur as soon as practicable, subject to the satisfaction or waiver of remaining closing conditions.

Murphy Canyon Acquisition Corp. Announces Stockholder Approval of the Proposed Combination with Conduit Pharmaceuticals Limited

SAN DIEGO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. (Nasdaq: SQFT, SQFTP) (the “Company”), an internally managed, diversified real estate investment trust (“REIT”), today announced that its Board of Directors (the “Board”) has established a Special Committee of the Board (the “Special Committee”) to explore potential strategic alternatives focusing on maximizing stockholder value. The Special Committee is comprised solely of independent directors and is charged with exploring potential strategic alternatives, including, without limitation, a business combination involving the Company, a sale of all or part of the Company's assets, joint venture arrangements and/or restructurings, and determining whether a strategic transaction is in the best interests of the Company. There can be no assurance that the strategic alternatives exploration process will result in any transaction being pursued or consummated. There is no formal timetable for the Special Committee's completion of its exploration of potential strategic alternatives, and the Company does not intend to disclose any developments with respect to the Special Committee's activities unless and until the Company determines that further disclosure is appropriate or required by law or regulation.

Presidio Property Trust, Inc. Announces Establishment of a Special Committee of the Board and Exploration of Strategic Alternatives

SAN DIEGO, CA / ACCESSWIRE / September 7, 2023 / Murphy Canyon Acquisition Corp. (NASDAQ:MURF) or ("Murphy Canyon") announced today that its special meeting of stockholders (the "Meeting"), which was originally scheduled for September 13, 2023, has been postponed to 10:00 a.m., Eastern Time, on Wednesday, September 20, 2023.

Murphy Canyon Acquisition Corp. Announces Postponement of Its Special Meeting of Stockholders for Approving Its Initial Business Combination With Conduit

SAN DIEGO, CA / ACCESSWIRE / August 31, 2023 / Murphy Canyon Acquisition Corp. (Nasdaq:"MURF" or "Murphy Canyon") announced today that its special meeting of stockholders (the "Meeting"), which was originally scheduled for September 7, 2023, has been postponed to 10:00 a.m., Eastern Time, on Wednesday, September 13, 2023.

Murphy Canyon Acquisition Corp. Announces Postponement of its Special Meeting of Stockholders for Approving its Initial Business Combination with Conduit

Special meeting of Murphy Canyon stockholders to vote on the proposed business combination scheduled for September 7, 2023 Conduit is a disease agnostic life science company providing an efficient model for compound development led by a highly experienced team of pharmaceutical executives Murphy Canyon and Conduit entered into a definitive business combination agreement dated November 8, 2022, as amended (the "Business Combination Agreement") Combined company expected to be named Conduit Pharmaceuticals Inc. and listed on Nasdaq in the third quarter of 2023 under the symbols "CDT" and "CDTTW" SAN DIEGO, CA / ACCESSWIRE / August 16, 2023 / Murphy Canyon Acquisition Corp. (NASDAQ:MURF) or ("Murphy Canyon"), a blank-check special purpose acquisition company, is pleased to announce that its proxy statement/registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission ("SEC") on May 12, 2023, as amended (the "Registration Statement"), was declared effective by the SEC on August 11, 2023. The Registration Statement was filed in connection with the proposed business combination between Murphy Canyon and Conduit Pharmaceuticals Limited ("Conduit") previously announced on November 8, 2022.

SEC Declares Form S-4 Registration Statement "Effective" for Proposed Business Combination of Murphy Canyon Acquisition Corp. with Conduit Pharmaceuticals Limited

SAN DIEGO, CA / ACCESSWIRE / August 14, 2023 / Presidio Property Trust, Inc. (NASDAQ:SQFT)(NASDAQ:SQFTP) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its quarter ended June 30, 2023. Quarter Ended June 30, 2023, Financial Results Net loss attributable to the Company's common stockholders for the three months ended June 30, 2023, was approximately $1,831,889, or $(0.15) per basic and diluted share, compared to a net loss of approximately $830,212, or $(0.07) per basic and diluted share for the three months ended June 30, 2022.

Presidio Property Trust, Inc. Announces Earnings for the Quarter Ended June 30, 2023

Presidio Property Trust pays cash dividend of $0.023 per share SAN DIEGO, CA / ACCESSWIRE / July 3, 2023 / (NASDAQ:SQFT)(NASDAQ:SQFTP) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that on June 30, 2023 the Company paid its third consecutive quarterly common stock dividend increase since September 30, 2023. The common stock dividend of $0.023 per share was paid on Friday, June 30, 2023 to all stockholders of record as of the close of business on June 27, 2023.

Presidio Property Trust Pays Third Consecutive Quarterly Dividend Increase

SAN DIEGO, CA / ACCESSWIRE / June 27, 2023 / (NASDAQ:SQFT; SQFTP) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT") announced that in June 2023, through subsidiary and affiliate entities, it acquired 7 newly constructed single-family model home properties located in greater Dallas/Ft. Worth, Texas.

Presidio Property Trust Provides Update on Model Home Purchases in June 2023

Board of Directors approves cash dividend of $0.023 per share SAN DIEGO, CA / ACCESSWIRE / June 16, 2023 / (NASDAQ:SQFT; SQFTP) 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 a cash dividend of $0.023 per share on its Series A Common Stock for the second quarter of 2023. The dividend will be payable on June 30, 2023, to all stockholders of record as of the close of business on June 27, 2023.

Presidio Property Trust Declares Second-Quarter 2023 Dividend

SAN DIEGO, CA / ACCESSWIRE / May 15, 2023 / Presidio Property Trust, Inc. (Nasdaq:SQFT, SQFTP) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its quarter ended March 31, 2022. Quarter Ended March 31, 2023, Financial Results Net loss attributable to the Company's common stockholders for the three months ended March 31, 2023, was approximately $(1,530,988), or $(0.13) per basic and diluted share, compared to a net income of approximately $(3,824,053), or $(0.32) per basic and diluted share for the three months ended March 31, 2022.

Presidio Property Trust, Inc. Announces Earnings for the Quarter Ended March 31, 2023

SAN DIEGO, CA / ACCESSWIRE / May 9, 2023 / (NASDAQ:SQFT)(NASDAQ:SQFTP) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that on May 5, 2023, the Company, through its subsidiary, refinanced the mortgage loan on its Grand Pacific Center property and entered into a construction loan related to the building and tenant improvements associated with the major lease recently completed with KLJ Engineering LLC. The refinanced loan is for approximately $3.8 million, a term of 10 years, with an interest rate of 6.35% for the first 60 months.

Presidio Property Trust Announces Refinancing and Construction Loan

SAN DIEGO, CA / ACCESSWIRE / April 19, 2023 / (NASDAQ:SQFT)(NASDAQ:SQFTP) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT") announced that in the first quarter of 2023, through subsidiary and affiliate entities, it acquired 9 newly constructed single-family model home properties located throughout Arizona, Florida, Illinois, Texas, and Wisconsin. These homes are then leased back to the homebuilders on a triple-net basis.

Presidio Property Trust Provides Update on Model Home Activity for the First Quarter of 2023

SAN DIEGO, CA / ACCESSWIRE / March 28, 2023 / Presidio Property Trust, Inc. (NASDAQ:SQFT)(NASDAQ:SQFTP) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its year ended December 31, 2022. "We are pleased to report on our 2022 earnings and company activity," said Jack Heilbron, Chief Executive Officer of Presidio.

Presidio Property Trust, Inc. Announces Earnings for the Year Ended December 31, 2022

News for Presidio Property Trust Stock (SQFT)