Presidio Property Trust Announces Reverse Stock Split
- SAN DIEGO, May 14, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust, announced today that it will proceed with a 1-for-10 reverse stock split (“Reverse Stock Split”) of its outstanding shares of Series A Common Stock following approval by its Board of Directors pursuant to the Maryland General Corporation Law and no stockholder approval is required. Presidio expects the Company's Series A Common Stock will begin trading on a post-split basis at the market open on May 19, 2025, and continue to be traded under the symbol “SQFT” with a new CUSIP number 74102L501.
- 05/14/2025
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Presidio Property Trust, Inc. Announces Earnings for the Three Months Ended March 31, 2025
- SAN DIEGO, CA / ACCESS Newswire / May 14, 2025 / Presidio Property Trust, Inc. (NASDAQ:SQFT)(NASDAQ:SQFTP)(NASDAQ:SQFTW) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its three months ended March 31, 2025. "In spite of a challenging macroeconomic climate and economic uncertainty, our team has remained more focused than ever on strategic execution and creating a strong financial balance sheet to create value across our portfolio," said Jack Heilbron, the Company's President and Chief Executive Officer.
- 05/14/2025
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The Preferred Stock IPO Market Is Frozen
- This month's preferred stock IPO market is frozen, dominated by “Par Cross” and “Insider Buying” alerts, reflecting investor uncertainty due to trade tensions. The trade war and tariffs have created significant market volatility, causing companies to withdraw earnings guidance and defer investment decisions. Preferred stocks and baby bonds offer fixed payments, making them attractive during uncertain times, as they provide a “known return” amidst market unpredictability.
- 04/30/2025
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Presidio Property Trust Commences a Tender Offer to Repurchase up to 2,000,000 shares, plus all odd lots, of its Series A Common Stock
- SAN DIEGO, April 08, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust, announced today that it has commenced a tender offer (the "Offer") to purchase all odd lots plus up to 2,000,000 shares of its outstanding Series A Common Stock, par value $0.01 per share (the “Shares”), at a price of $0.68 per share (the "Purchase Price"), less any applicable withholding taxes, and without interest. The Offer will expire at 11:59 P.M.
- 04/08/2025
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CORRECTION – Presidio Property Trust, Inc. Announces Earnings for the Year Ended December 31, 2024
- SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) -- In a release issued under the same headline on March 31, 2025 by Presidio Property Trust, Inc. (Nasdaq: SQFT, SQFTP, SQFTW), please note in the "The Year Ended December 31, 2024, Financial Results" section, in the second sentence of the first bullet the value for net real estate assets of $12.3 million is actually $127.6 million. The corrected release follows.
- 04/07/2025
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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
- SAN DIEGO, April 07, 2025 (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 2025, May 2025 and June 2025. In accordance with the terms of the Series D Preferred Stock, the April 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on May 15, 2025, to shareholders of record of Series D Preferred Stock as of the dividend record date of April 30, 2025.
- 04/07/2025
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Presidio Property Trust, Inc. Announces Earnings for the Year Ended December 31, 2024
- SAN DIEGO, March 31, 2025 (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 year ended December 31, 2024. “We are pleased to report our 2024 earnings, continuing the strong rent collections that we have seen over the last few years, resulting in an increase to rental income during the year,” said Jack Heilbron, the Company's President and Chief Executive Officer.
- 03/31/2025
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Buy 4 Ideal 'Safer' February Dividends, Out Of 40 Choices From Readers
- Since May 2017, reader-selected dividend-paying stocks have been featured, with valuable reader feedback improving accuracy and direction. My Dogs of The Week portfolios are available for Dividend Dogcatcher subscribers, with detailed summaries and reference guides listed by date. I prioritize stocks whose dividends from $1K invested exceed their single share price, categorizing them as "cash rich" or "cash poor".
- 03/20/2025
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Presidio Property Trust Provides Update on Real Estate Activity in January and February 2025
- 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.
- 02/24/2025
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Presidio Property Trust Announces Sales of Union Town Center and Research Parkway Properties
- 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 occupancy close to its current 98% level,” said Gary Katz, Chief Investment Officer.
- 02/07/2025
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Presidio Property Trust Provides Update on Model Home Activity in Q4 2024
- 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.
- 01/29/2025
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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
- SAN DIEGO, Jan. 06, 2025 (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 2025, February 2025 and March 2025.
- 01/06/2025
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Presidio Property Trust Announces Update of Share Repurchase Program
- SAN DIEGO, Dec. 19, 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 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.
- 12/19/2024
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Presidio Granted Second 180-Day Period by Nasdaq to Regain Compliance with Minimum Bid Price Rule
- SAN DIEGO, Dec. 06, 2024 (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 2, 2025, 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.
- 12/06/2024
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Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks
- Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising dividend stocks, using a contrarian investing strategy, primarily for new buyers seeking high-yield opportunities. Reader feedback is crucial for correcting errors and refining strategies, including suggestions for buy-and-hold stocks and option strategies for monthly dividends.
- 10/17/2024
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Presidio Property Trust Provides Update on Model Home Activity in Q3 2024
- 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 million, and approximately $1.2 million in cash.
- 10/17/2024
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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
- SAN DIEGO, Oct. 01, 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 October 2024, November 2024 and December 2024.
- 10/01/2024
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Presidio Property Trust, Inc. Announces Earnings for the Second Quarter Ended June 30, 2024
- SAN DIEGO, CA / ACCESSWIRE / August 14, 2024 / Presidio Property Trust, Inc. (NASDAQ:SQFT)(NASDAQ:SQFTP)(NASDAQ:SQFTW) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its quarter ended June 30, 2024. "During the first and second quarters, we entered into 10 leases with new tenants totaling nearly 36,000 sf.
- 08/14/2024
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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
- SAN DIEGO, Calif., July 16, 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 July 2024, August 2024 and September 2024.
- 07/16/2024
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The Dangers Of High Yield Preferreds
- Some high yield preferreds offer stable double-digit yields and potential for capital gains, trading at discounts to par value. Preferreds are paid through dividends, liquidation preference, and redemption, but sit below debt in the capital stack, making them riskier than bonds. Risks include lack of equity cushion, business volatility, and bad actor risk, highlighting the importance of thorough research and caution when investing in preferreds.
- 07/05/2024
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Presidio Property Trust Provides Update on Model Home Activity in Q2 2024
- 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 million, and approximately $1.1 million in cash.
- 07/02/2024
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Presidio Property Trust Announces Closing of $1.74 Million Public Offering of Series D Preferred Stock
- 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 expenses.
- 06/24/2024
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Presidio Property Trust Announces Pricing of $1.74 Million Public Offering of Series D Preferred Stock
- SAN DIEGO, CA / ACCESSWIRE / June 20, 2024 / (NASDAQ:SQFT) Presidio Property Trust, an internally managed, diversified real estate investment trust ("REIT"), today announced the pricing 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. Gross proceeds from the offering are expected to be approximately $1.74 million, before deducting underwriting discounts and offering expenses.
- 06/20/2024
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Sell These 11 REITs While You Still Can
- The next two to five years probably will not be kind to REITs. Weak REITs with messy balance sheets, weak forecast for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer the most damage in any downturn. This article identifies 11 companies that fit this description.
- 06/10/2024
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A Presidio Property Trust Major Investment To Be Part of Russell 2000®
- 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 indexes. A preliminary list of index additions, including Conduit, was posted by FTSE Russell on May 24, 2024.
- 05/29/2024
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Presidio Property Trust, Inc. Announces Earnings for the First Quarter Ended March 31, 2024
- SAN DIEGO, CA / ACCESSWIRE / May 14, 2024 / Presidio Property Trust, Inc. (NASDAQ:SQFT)(NASDAQ:SQFTP)(NASDAQ:SQFTW) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its quarter ended March 31, 2024. "During the first quarter of 2024, we have signed leasing transactions totaling 24,476 sf, including new leases and renewals.
- 05/14/2024
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Presidio Property Trust Reaches Agreement With Zuma Capital Management Appoints Elena Piliptchak to Board of Directors
- SAN DIEGO, May 10, 2024 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust (“REIT”), announced today that it has entered into a cooperation agreement with Zuma Capital Management, LLC (“Zuma”), Ouray Capital Management, LLC (“Ouray”), Reuben Berman, Stefani Carter, Vito Garfi, Brent Morrison, Elena Piliptchak, and certain affiliated and associated persons thereof (collectively, the “Zuma Investor Group”) that beneficially holds, in the aggregate, 1,103,655 shares, or approximately 7.6%, of Presidio's outstanding common stock. Under the terms of the cooperation agreement, Elena Piliptchak, the Managing Member of Ouray, has been appointed to the Presidio Board, effective immediately, as a Class III director with a term expiring at Presidio's 2026 Annual Meeting of Stockholders.
- 05/10/2024
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Major Tenant Occupies Presidio Property Trust North Dakota Property
- 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.
- 04/08/2024
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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
- 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.
- 04/03/2024
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The State Of REITs: December 2023 Edition
- 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.
- 12/28/2023
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Presidio Regains Compliance with Nasdaq Minimum Bid Price Requirement
- 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.
- 12/21/2023
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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
- 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.
- 12/18/2023
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Presidio Granted Second 180-Day Period by Nasdaq to Regain Compliance with Minimum Bid Price Rule
- 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.
- 12/06/2023
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Presidio Property Trust Declares Fourth-Quarter 2023 Dividend
- 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.
- 12/05/2023
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Mouse Traps: 8 High-Yielding REITs Risking Dividend Cuts
- 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.
- 12/05/2023
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Extremely High Yield REITs: Danger And Opportunity
- 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.
- 12/05/2023
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Presidio Property Trust Announces Update of Share Repurchase Program
- 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.
- 11/17/2023
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Presidio Property Trust, Inc. Announces Earnings for the Quarter Ended September 30, 2023
- 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.
- 11/14/2023
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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
- SAN DIEGO, Oct. 25, 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 October 2023, November 2023 and December 2023. In accordance with the terms of the Series D Preferred Stock, the October 2023 Series D dividend will be payable in cash in the amount of $0.19531 per share on November 15, 2023, to shareholders of record of Series D Preferred Stock as of the dividend record date of October 31, 2023.
- 10/25/2023
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Presidio Property Trust Announces Closing of Merger of Its Sponsored SPAC Murphy Canyon Acquisition Corp Now Trading as Conduit Pharmaceuticals (Nasdaq: CDT and CDTTW)
- 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.
- 10/06/2023
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Presidio Property Trust Declares Third-Quarter 2023 Dividend
- 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.
- 09/26/2023
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Murphy Canyon Acquisition Corp. Announces Stockholder Approval of the Proposed Combination with Conduit Pharmaceuticals Limited
- 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.
- 09/20/2023
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Presidio Property Trust, Inc. Announces Establishment of a Special Committee of the Board and Exploration of Strategic Alternatives
- 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.
- 09/13/2023
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Murphy Canyon Acquisition Corp. Announces Postponement of Its Special Meeting of Stockholders for Approving Its Initial Business Combination With Conduit
- 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.
- 09/07/2023
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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.
- 08/31/2023
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7 Penny Stock REITs With the Highest Dividend Yields
- There are thousands of penny stocks. However, when it comes to penny stock REITs (real estate investment trusts), there are only a handful.
- 01/21/2023
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Presidio Property Trust: Finally, The Long-Awaited 80% Distribution Cut
- 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.
- 09/08/2022
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Presidio Property Trust: I Avoid The Common Shares But Remain Long The 10.3% Preferred Shares
- 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.
- 04/16/2022
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Presidio Property Trust, Inc. (SQFT) CEO Jack Heilbron on Q4 2021 Results - Earnings Call Transcript
- Presidio Property Trust, Inc. (SQFT) CEO Jack Heilbron on Q4 2021 Results - Earnings Call Transcript
- 03/31/2022
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New Preferred Stock IPOs, January 2022
- 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:
- 01/28/2022
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Presidio Property Trust: No Recovery In Sight
- 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.
- 12/24/2021
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Presidio Property Trust Series D Preferred Stock: High Yield But Higher Risk
- 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%.
- 12/16/2021
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Presidio Property Trust, Inc. (SQFT) CEO Jack Heilbron on Q3 2021 Results - Earnings Call Transcript
- Presidio Property Trust, Inc. (SQFT) CEO Jack Heilbron on Q3 2021 Results - Earnings Call Transcript
- 11/11/2021
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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
- SAN DIEGO, CA / ACCESSWIRE / October 15, 2021 / (NASDAQ:SQFT; NASDAQ: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, 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 month of September 2021. In accordance with the terms of the Series D Preferred Stock, the Series D dividend will be payable in cash in the amount of $0.19531 per share on November 15, 2021, to shareholders of record of Series D Preferred Stock as of the dividend record date of October 31, 2021.
- 10/15/2021
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Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
- SAN DIEGO, CA / ACCESSWIRE / September 17, 2021 / (NASDAQ:SQFT)(NASDAQ: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, 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 month of September 2021. In accordance with the terms of the Series D Preferred Stock, the Series D dividend will be payable in cash in the amount of $0.19531 per share on October 15, 2021, to shareholders of record of Series D Preferred Stock as of the dividend record date of September 30, 2021.
- 09/17/2021
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Presidio Property Trust: The Outlook Is Worsening
- Presidio Property Trust did represent a high risk, high reward prospect for investors. However, shares of the business have risen and its fundamental condition has worsened.
- 08/24/2021
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Presidio Property Trust: I Expect The FFO Per Share To Fall By 40-50% In Q3
- Presidio Property Trust recently issued preferred shares, and the preferred dividend will have a very negative impact on the FFO. This means the dividend which already isn't fully covered will see its coverage ratio decline even further.
- 08/23/2021
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Presidio Property Trust Completes Extension of Line of Credit
- SAN DIEGO, CA / ACCESSWIRE / August 20, 2021 / (NASDAQ:SQFT; SQFTP) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that it has closed on an amendment to its guidance line of credit (as amended, "the facility"). The amendment provides for up to $30 million in funding for model home acquisitions, subject to various lender terms and conditions.
- 08/20/2021
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Presidio Property Trust, Inc. (SQFT) CEO on Q2 2021 Results - Earnings Call Transcript
- Presidio Property Trust, Inc. (SQFT) CEO on Q2 2021 Results - Earnings Call Transcript
- 08/10/2021
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Presidio Property Trust Announces $10 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
- SAN DIEGO, CA / ACCESSWIRE / July 12, 2021 / (NASDAQ:SQFT) Presidio Property Trust, an internally managed, diversified real estate investment trust ("REIT"), today announced it has entered into a securities purchase agreement with a single U.S. institutional investor for the purchase and sale of 1,000,000 shares of its Class A common stock ("Common Stock"), warrants ("Common Stock Warrants") to purchase up to 2,000,000 shares of Class A common stock and pre-funded warrants ("Pre-Funded Warrants") to purchase up to 1,000,000 shares of Class A common stock. Each share of Common Stock and accompanying Common Stock Warrant are being sold together at a combined offering price of $5.00, and each share of Common Stock and accompanying Pre-Funded Warrant are being sold together at a combined offering price of $4.99.
- 07/12/2021
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Presidio Property Trust's Preferred Shares Offer A Decent Risk/Reward Ratio With A 9.4% Yield
- Presidio Property Trust is a REIT focusing on assets in overlooked regions. I'm not interested in the common shares, but I think the preferred shares have an attractive risk/reward ratio.
- 07/10/2021
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7 Best Penny Stock REITs to Buy with High Dividend Yields
- Penny stock REITs are in a unique position because of the current rebound, providing income via dividends as well as pandemic-fueled growth. The post 7 Best Penny Stock REITs to Buy with High Dividend Yields appeared first on InvestorPlace.
- 06/30/2021
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New Preferred Stock IPOs, June 2021
- New Preferred Stock IPOs, June 2021
- 06/30/2021
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Presidio Property Trust Announces Closing of Its Upsized Public Offering of Preferred Stock
- SAN DIEGO, CA / ACCESSWIRE / June 15, 2021 / (NASDAQ:SQFT) Presidio Property Trust ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced the closing of its upsized public offering of 800,000 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") at a price to the public of $25.00 per share for gross proceeds of $20.0 million, before deducting offering expenses and underwriting commissions. Presidio intends to use the net proceeds for general corporate and working capital purposes, including to potentially acquire additional properties.
- 06/15/2021
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2 New REIT Buy Alerts With 8% Dividend Yield And Upside
- 2 New REIT Buy Alerts With 8% Dividend Yield And Upside
- 06/15/2021
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Presidio Property Trust Announces Pricing of Its Upsized Public Offering of Preferred Stock
- SAN DIEGO, CA / ACCESSWIRE / June 10, 2021 / (NASDAQ:SQFT) Presidio Property Trust, an internally managed, diversified real estate investment trust ("REIT"), today announced the pricing of its public offering of 800,000 shares of its Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") at a price to the public of $25.00 per share. Gross proceeds from the offering are expected to be approximately $20.0 million, before deducting offering expenses.
- 06/10/2021
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Presidio Property Trust Provides Update on Model Home Activity
- SAN DIEGO, CA / ACCESSWIRE / May 26, 2021 / Presidio Property Trust (NASDAQ:SQFT), an internally managed, diversified real estate investment trust, announced that, through subsidiary and affiliate entities, it acquired six model home properties on May 20, 2021. These newly constructed single-family homes are located in the Dallas-Fort Worth metroplex and are leased back to the homebuilders on a triple-net basis.
- 05/26/2021
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Presidio Property Trust: Big Risk With Big Potential Reward
- Presidio Property Trust: Big Risk With Big Potential Reward
- 05/19/2021
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Presidio Property Trust, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2020
- SAN DIEGO, CA / ACCESSWIRE / March 30, 2021 / Presidio Property Trust, Inc. (NASDAQ:SQFT) ("Presidio" or the "Company"), an internally managed, diversified REIT, with holdings in office, industrial, retail, and model home properties, today reported financial results for its fourth quarter and year ended December 31, 2020. "We are pleased to report our first full-year earnings as a publicly traded company," said Jack Heilbron, President and Chief Executive Officer.
- 03/30/2021
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7 Penny Stock REITs with High Dividend Yields
- Some investors like penny stocks. Some investors like high dividend yields.
- 03/22/2021
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Presidio Property Trust Announces 2020 Earnings Release and Conference Call
- SAN DIEGO, CA / ACCESSWIRE / March 19, 2021 / Presidio Property Trust, Inc. (NASDAQ:SQFT) (Presidio), an internally managed, diversified real estate investment trust, today announced it will release its financial results for the year ended December 31, 2020, after the market closes on Tuesday, March 30, 2021. Presidio will also hold a conference call at 1:30 pm Pacific Time on March 30, 2021 to discuss the Company's financial results.
- 03/19/2021
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Presidio Property Trust Announces Signing of Lease with Make-A-Wish(R) Foundation San Diego
- SAN DIEGO, CA / ACCESSWIRE / March 9, 2021 / Presidio Property Trust, Inc. (NASDAQ:SQFT), an internally managed, diversified real estate investment trust, announced the signing of a lease with Make-A-Wish® Foundation San Diego. "We are pleased to welcome Make-A-Wish® Foundation San Diego to our headquarters building," said Jack Heilbron, President and Chief Executive Officer.
- 03/09/2021
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Presidio Property Trust Reports 2020 Model Home Sales Activity
- SAN DIEGO, CA / ACCESSWIRE / January 19, 2021 / Presidio Property Trust, Inc. (NASDAQ:SQFT), an internally managed, diversified real estate investment trust, announced today that, through its affiliated entities, it sold 46 model homes during 2020, and had eight homes for sale in escrow at year-end. 100% of the homes sold in 2020 resulted in a positive investment return.
- 01/19/2021
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SQFT Stock: 6 Things to Know About REIT Play Presidio Property Trust Today
- Presidio Property Trust (SQFT) stock is on the move Friday with heavy trading despite a lack of news concerning the company. The post SQFT Stock: 6 Things to Know About REIT Play Presidio Property Trust Today appeared first on InvestorPlace.
- 12/18/2020
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