Ankündigung • Apr 22
Presidio Property Trust, Inc., Annual General Meeting, Jun 02, 2026 Presidio Property Trust, Inc., Annual General Meeting, Jun 02, 2026. Ankündigung • Jan 24
Presidio Property Trust, Inc. and NetREIT SC II, LLC Receive Debt Default Notice On January 21, 2026, Presidio Property Trust, Inc. and NetREIT SC II, LLC, (the “Borrower”), received a notice (the “Default Notice”) from Wells Fargo Bank, National Association (the “Lender”) alleging that the Borrower’s failure to repay in full by January 5, 2026 the indebtedness owed under that certain promissory note dated as of December 24, 2015 issued to The Bancorp Bank (the “Original Lender”) in the original principal amount of $17,727,500.00 (the “Note”), the related loan agreement, dated as of December 24, 2015 by and between Borrower and the Original Lender (the “Loan Agreement”) and other related agreements (together with the Note and the Loan Agreement, the “Loan Documents”), constitutes an event of default under the Loan Documents. As a result of the alleged event of default, the entire unpaid amounts shall bear interest at the default interest rate equal to the lesser of the maximum rate permitted by applicable law, or 5% above the original interest rate of 4.92% per annum. In addition, the Default Notice states that the Lender has the right to foreclose or partially foreclose certain real and personal property that the Borrower had pledged as security for the Note located in Douglas County, Colorado, known as the “Shea Center II” (the “Property”). The Default Notice further states that the Lender revoked the Borrower’s license under the Loan Documents to receive, collect and make use of rents, profits and income from the Property. The Company is exploring its options to cure the event of default alleged in the Default Notice. Ankündigung • Oct 15
Presidio Property Trust, Inc. has filed a Follow-on Equity Offering in the amount of $1.419265 million. Presidio Property Trust, Inc. has filed a Follow-on Equity Offering in the amount of $1.419265 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Ankündigung • Jul 15
Presidio Property Trust, Inc. has filed a Follow-on Equity Offering in the amount of $2.049957 million. Presidio Property Trust, Inc. has filed a Follow-on Equity Offering in the amount of $2.049957 million.
Security Name: Series A Common Stock
Security Type: Common Stock
Securities Offered: 140,000
Price\Range: $12
Discount Per Security: $0.84
Security Features: Income Trust
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 30,830
Price\Range: $11.9999
Discount Per Security: $0.83999
Transaction Features: Registered Direct Offering Ankündigung • Jun 04
Presidio Regains Compliance with Nasdaq Minimum Bid Price Requirement Presidio Property Trust, Inc. announced that it has received formal notice from Nasdaq stating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Company's common stock will continue to be listed and traded on Nasdaq. To regain compliance with the Listing Rule, the Company’s common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, which was achieved on June 2, 2025. Nasdaq has stated that this matter is now closed. Ankündigung • Apr 17
Presidio Property Trust, Inc. Announces Resignation of David Bruen as Director, Effective April 10, 2025 On April 10, 2025, David Bruen notified Presidio Property Trust, Inc. (the Company) of his resignation as a director of the Company, effective immediately. Mr. Bruen’s resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. Ankündigung • Jan 30
An undisclosed buyer acquired Five Model Homes from Presidio Property Trust, Inc. (NasdaqCM:SQFT) for $2.7 million. An undisclosed buyer acquired Five Model Homes from Presidio Property Trust, Inc. (NasdaqCM:SQFT) for $2.7 million in the fourth quarter of 2024.
An undisclosed buyer completed the acquisition of Five Model Homes from Presidio Property Trust, Inc. (NasdaqCM:SQFT) in the fourth quarter of 2024. Ankündigung • Dec 20
Presidio Property Trust, Inc. (NasdaqCM:SQFT) announces an Equity Buyback for $6 million worth of its shares. Presidio Property Trust, Inc. (NasdaqCM:SQFT) announces a share repurchase program. Under the program, the company will repurchase up to $6 million of outstanding shares of their Series A Common Stock. Ankündigung • Dec 08
Presidio Receives Second 180-Day Period by Nasdaq to Regain Compliance with Minimum Bid Price Rule Presidio Property Trust, Inc. 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.” If at any time until June 2, 2025, the closing bid price of the Company’s common stock is at or above $1.00 per share for a minimum of ten consecutive trading days, Nasdaq will provide the Company with written confirmation of compliance. If compliance cannot be demonstrated during the additional 180-day grace period, Nasdaq will provide written notification that the common stock will be subject to delisting. At such time, the Company may appeal the determination to a Nasdaq Hearings Panel. The Company intends to monitor the closing bid price of its common stock between now and June 2, 2025, and intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period. Ankündigung • Nov 16
Presidio Property Trust, Inc. announced delayed 10-Q filing On 11/15/2024, Presidio Property Trust, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Buy Or Sell Opportunity • Aug 21
Now 22% overvalued Over the last 90 days, the stock has fallen 29% to US$0.61. The fair value is estimated to be US$0.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.7% over the last 3 years. Earnings per share has grown by 60%. Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$1.00 loss per share (vs US$0.15 loss in 2Q 2023) Second quarter 2024 results: US$1.00 loss per share (further deteriorated from US$0.15 loss in 2Q 2023). Revenue: US$4.59m (flat on 2Q 2023). Net loss: US$12.4m (loss widened US$10.6m from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Ankündigung • Aug 15
Presidio Property Trust, Inc. Announces Impairment Charges for the Three Months Ended June 30, 2024 Presidio Property Trust, Inc. announced impairment charges for the three months ended June 30, 2024. For the period, the company announced impairment of real estate assets of $101,245. Price Target Changed • Jul 01
Price target decreased by 73% to US$1.00 Down from US$3.68, the current price target is provided by 1 analyst. New target price is 43% above last closing price of US$0.70. Stock is down 22% over the past year. The company posted earnings per share of US$0.68 last year. Ankündigung • Jun 08
Presidio Property Trust Provides Non-Compliance Update On June 7, 2024, Presidio Property Trust, Inc. received a letter from the Listing Qualifications Department of the Nasdaq Stock Market indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business day period between April 25, 2024, through June 6, 2024, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The letter also indicated that the Company will be provided with a compliance period of 180 calendar days, or until December 4, 2024 (the “Compliance Period”), in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). In order to regain compliance with Nasdaq’s minimum bid price requirement, the Company’s common stock must maintain a minimum closing bid price of $1.00 for at least ten consecutive business days during the Compliance Period. In the event the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for additional time to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for the market value of its publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split if necessary. If the Company meets these requirements, the Company may be granted an additional 180 calendar days to regain compliance. However, if it appears to Nasdaq that the Company will be unable to cure the deficiency, or if the Company is not otherwise eligible for the additional cure period, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. If during any compliance period the common stock has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Nasdaq Listing Rule 5810 with respect to that security. The letter has no immediate impact on the listing of the Company’s common stock, which will continue to be listed and traded on The Nasdaq Capital Market, subject to the Company’s compliance with the other listing requirements of The Nasdaq Capital Market. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other listing criteria of The Nasdaq Capital Market. Ankündigung • May 14
Presidio Property Trust, Inc., Annual General Meeting, Jun 27, 2024 Presidio Property Trust, Inc., Annual General Meeting, Jun 27, 2024. Ankündigung • May 11
Presidio Property Trust, Inc. Appoints Elena Piliptchak as Class III Director Presidio Property Trust, Inc. announced that 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. In connection with this appointment, Presidio’s Board has been increased from six to seven directors. Ankündigung • Apr 17
Zuma Capital Management Sends a Letter to Presidio Property Trust On April 16, 2024, Zuma Capital Management LLC announced that it has sent a letter to Presidio Property Trust Inc, where it disputed the Company’s purported deficiencies with respect to its nomination and expressed its belief that the Board’s attempt to invalidate such nomination was an overt entrenchment maneuver designed to prevent stockholders from having the opportunity to be heard at the Annual Meeting. In addition, Zuma Capital stated that it believed that the Company’s adoption of a classified board of directors shortly before the Annual Meeting, and after a significant stockholder had submitted a timely and valid nomination notice, coupled with the Company’s attempt to invalidate such nomination notice, is plainly a manipulative device designed to entrench the current Board, weaponize Rule 14a-19(b) and ultimately undermine the rights of the Company’s stockholders. Ankündigung • Apr 02
Presidio Property Trust, Inc. announced delayed annual 10-K filing On 04/01/2024, Presidio Property Trust, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (US$13.5m market cap). Ankündigung • Dec 07
Presidio Granted Second 180-Day Period by Nasdaq to Regain Compliance with Minimum Bid Price Rule Presidio Property Trust, Inc. 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. If at any time until June 3, 2024, the closing bid price of the Company’s common stock is at or above $1.00 per share for a minimum of ten consecutive trading days, Nasdaq will provide the Company with written confirmation of compliance. If compliance cannot be demonstrated during the additional 180-day grace period, Nasdaq will provide written notification that the common stock will be subject to delisting. At such time, the Company may appeal the determination to a Nasdaq Hearings Panel. The Company intends to monitor the closing bid price of its common stock between now and June 3, 2024, and intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period. Ankündigung • Dec 06
Presidio Property Trust, Inc. Declares Cash Dividend on its Series A Common Stock for the Fourth Quarter of 2023, Payable on December 26, 2023 Presidio Property Trust, Inc. 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. Ankündigung • Nov 21
Presidio Property Trust, Inc. (NasdaqCM:SQFT) announces an Equity Buyback for $6 million worth of its shares. Presidio Property Trust, Inc. (NasdaqCM:SQFT) announces a share repurchase program. Under the program, the company will repurchase up to $6 million of outstanding shares of their Series A Common Stock. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$1.77 (vs US$0.11 loss in 3Q 2022) Third quarter 2023 results: EPS: US$1.77 (up from US$0.11 loss in 3Q 2022). Revenue: US$4.48m (up 2.1% from 3Q 2022). Net income: US$21.0m (up US$22.3m from 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. New Risk • Nov 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (US$7.26m market cap). Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Ankündigung • Sep 27
Presidio Property Trust, Inc. Announces Cash Dividend for the Third Quarter of 2023, Payable on October 11, 2023 Presidio Property Trust, Inc. 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. The dividend will be payable on October 11, 2023, to all stockholders of record as of the close of business on October 6, 2023. Ankündigung • Sep 24
Presidio Property Trust, Inc. Announces Chief Financial Officer Changes Presidio Property Trust, Inc. announced that on September 22, 2023, Adam Sragovicz notified Presidio Property Trust, Inc. the Company of his resignation as Chief Financial Officer, effective immediately. Effective September 22, 2023, the Company appointed Mr. Edwin H. Bentzen IV, age 47, to serve as its Chief Financial Officer. Mr. Bentzen has served as the Chief Accounting Officer since March 2021. Prior to joining the Company, Mr. Bentzen served as Chief Financial Officer and Chief Operations Officer for Crystal View Capital Management, LLC in 2020 and as a Chief Financial Officer /Finance consultant for various clients (including real estate development companies) from 2018 to 2020. Prior to these roles, Mr. Bentzen held officer and/or senior accounting roles at various companies in Las Vegas, Nevada. He holds a Bachelor of Science degree in Hotel Administration, with an emphasis in Gaming, and a Master of Science degree in Accountancy, from University of Nevada, Las Vegas, and is licensed as a Certified Internal Auditor (inactive). Ankündigung • Sep 14
Presidio Property Trust, Inc. Announces Establishment of A Special Committee of the Board and Exploration of Strategic Alternatives Presidio Property Trust, Inc. announced that its Board of Directors has established a Special Committee of the Board 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. Reported Earnings • Aug 16
Second quarter 2023 earnings released: US$0.15 loss per share (vs US$0.07 loss in 2Q 2022) Second quarter 2023 results: US$0.15 loss per share (further deteriorated from US$0.07 loss in 2Q 2022). Revenue: US$4.54m (up 5.2% from 2Q 2022). Net loss: US$1.83m (loss widened 121% from 2Q 2022). New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.82m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 10x cash flows per share. Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (US$9.82m market cap). Ankündigung • Jun 17
Presidio Property Trust, Inc. Announces a Cash Dividend on its Series A Common Stock for the Second Quarter of 2023, Payable on June 30, 2023 Presidio Property Trust, Inc. 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. Ankündigung • Jun 12
Presidio Property Trust Receives Notice from Nasdaq Regarding Non-Compliance with Nasdaq’s Minimum Bid Price Requirement On June 6, 2023, Presidio Property Trust, Inc. received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (‘Nasdaq’) indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business day period between April 21, 2023, through June 5, 2023, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The letter also indicated that the Company will be provided with a compliance period of 180 calendar days, or until December 4, 2023 (the ‘Compliance Period’), in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). In order to regain compliance with Nasdaq’s minimum bid price requirement, the Company’s common stock must maintain a minimum closing bid price of $1.00 for at least ten consecutive business days during the Compliance Period. In the event the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for additional time to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for the market value of its publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split if necessary. If the Company meets these requirements, the Company may be granted an additional 180 calendar days to regain compliance. However, if it appears to Nasdaq that the Company will be unable to cure the deficiency, or if the Company is not otherwise eligible for the additional cure period, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. If during any compliance period the common stock has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Nasdaq Listing Rule 5810 with respect to that security. The letter has no immediate impact on the listing of the Company’s common stock, which will continue to be listed and traded on The Nasdaq Capital Market, subject to the Company’s compliance with the other listing requirements of The Nasdaq Capital Market. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other listing criteria of The Nasdaq Capital Market. Buying Opportunity • Jun 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be US$1.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • May 27
Price target decreased by 73% to US$1.00 Down from US$3.68, the current price target is provided by 1 analyst. New target price is 16% above last closing price of US$0.86. Stock is down 76% over the past year. The company posted a net loss per share of US$0.57 last year. Reported Earnings • May 18
First quarter 2023 earnings released: US$0.13 loss per share (vs US$0.33 loss in 1Q 2022) First quarter 2023 results: US$0.13 loss per share (improved from US$0.33 loss in 1Q 2022). Revenue: US$4.12m (down 9.9% from 1Q 2022). Net loss: US$1.53m (loss narrowed 60% from 1Q 2022). Buying Opportunity • May 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be US$1.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 31%. Price Target Changed • May 16
Price target increased by 61% to US$6.25 Up from US$3.88, the current price target is provided by 1 analyst. New target price is 620% above last closing price of US$0.87. Stock is down 73% over the past year. The company posted a net loss per share of US$0.57 last year. Reported Earnings • Mar 30
Full year 2022 earnings released: US$0.57 loss per share (vs US$0.46 loss in FY 2021) Full year 2022 results: US$0.57 loss per share (further deteriorated from US$0.46 loss in FY 2021). Revenue: US$17.8m (down 7.6% from FY 2021). Net loss: US$6.74m (loss widened 40% from FY 2021). Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Jennifer Barnes was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 18
Presidio Property Trust, Inc. Announces Demise of Sumner J. Rollings, Member of Board of Directors Presidio Property Trust, Inc. announced that Sumner J. Rollings passed away on February 14, 2022. Mr. Rollings was a member of Company’s Board of Directors since 2001 and also served as a valued member of the Board’s Audit Committee and Chairman of the Compensation Committee. The Board and management of the Company are saddened by Mr. Rollings’ passing and extend their heartfelt condolences to his family. Price Target Changed • Nov 22
Price target increased to US$6.25 Up from US$5.25, the current price target is provided by 1 analyst. New target price is 439% above last closing price of US$1.16. Stock is down 68% over the past year. The company posted a net loss per share of US$0.46 last year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.11 loss per share (vs US$0.13 loss in 3Q 2021) Third quarter 2022 results: US$0.11 loss per share (improved from US$0.13 loss in 3Q 2021). Revenue: US$4.39m (flat on 3Q 2021). Net loss: US$1.30m (loss narrowed 6.4% from 3Q 2021). Reported Earnings • Nov 13
Third quarter 2022 earnings released: US$0.11 loss per share (vs US$0.13 loss in 3Q 2021) Third quarter 2022 results: US$0.11 loss per share (improved from US$0.13 loss in 3Q 2021). Revenue: US$4.39m (flat on 3Q 2021). Net loss: US$1.30m (loss narrowed 6.4% from 3Q 2021). Buying Opportunity • Sep 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 46%. The fair value is estimated to be US$2.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Aug 15
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be US$4.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 14
Second quarter 2022 earnings released: US$0.025 loss per share (vs US$0.079 profit in 2Q 2021) Second quarter 2022 results: US$0.025 loss per share (down from US$0.079 profit in 2Q 2021). Revenue: US$4.32m (down 11% from 2Q 2021). Net loss: US$291.2k (down 139% from profit in 2Q 2021). Buying Opportunity • Jun 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be US$4.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jun 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be US$4.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Jun 02
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 24 June 2022. Trailing yield: 12%. Within top quartile of American dividend payers (3.9%). Higher than average of industry peers (3.3%). Reported Earnings • May 19
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$4.57m (down 19% from 1Q 2021). Net loss: US$3.82m (loss widened 44% from 1Q 2021). Price Target Changed • May 18
Price target decreased to US$5.25 Down from US$5.67, the current price target is provided by 1 analyst. New target price is 69% above last closing price of US$3.10. Stock is down 1.3% over the past year. The company posted a net loss per share of US$0.46 last year. Buying Opportunity • May 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be US$3.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 31
Full year 2021 earnings released: US$0.41 loss per share (vs US$0.85 loss in FY 2020) Full year 2021 results: US$0.41 loss per share (up from US$0.85 loss in FY 2020). Revenue: US$19.2m (down 21% from FY 2020). Net loss: US$4.80m (loss narrowed 38% from FY 2020). Over the next year, revenue is forecast to grow 14%, compared to a 11% growth forecast for the reits industry in the US. Upcoming Dividend • Mar 08
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 15 March 2022. Payment date: 28 March 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 11%. Within top quartile of American dividend payers (3.7%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.079 (vs US$0.22 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$4.85m (down 21% from 2Q 2020). Net income: US$754.2k (up US$2.68m from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). Ankündigung • May 27
Presidio Property Trust, Inc. (NasdaqCM:SQFT) acquired 6 Model Home Properties in US. Presidio Property Trust, Inc. (NasdaqCM:SQFT) acquired 6 Model Home Properties in US on May 20, 2021.
Presidio Property Trust, Inc. (NasdaqCM:SQFT) completed the acquisition of 6 Model Home Properties in US on May 20, 2021. Ankündigung • May 26
Presidio Property Trust, Inc. Declares Cash Dividend for the Second Quarter of 2021, Payable on June 21, 2021 On May 21, 2021, the Board of Directors of Presidio Property Trust, Inc. declared a cash dividend of $0.102 per share on its Series A Common Stock for the second quarter of 2021. The dividend will be payable on June 21, 2021 to all stockholders of record as of the close of business on June 7, 2021. Reported Earnings • May 13
First quarter 2021 earnings released: US$0.28 loss per share (vs US$0.13 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$5.67m (down 19% from 1Q 2020). Net loss: US$2.66m (loss widened 140% from 1Q 2020). Reported Earnings • Apr 01
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$24.4m (down 15% from FY 2019). Net loss: US$7.67m (loss widened US$7.06m from FY 2019). Ankündigung • Mar 11
Presidio Property Trust, Inc. Signs Lease with Make-A-Wish Foundation San Diego Presidio Property Trust, Inc. announced the signing of a lease with Make-A-Wish® Foundation San Diego. Ankündigung • Mar 05
Presidio Property Trust, Inc. Announces Executive Changes Effective March 1, 2021, Presidio Property Trust, Inc. appointed Mr. Edwin H. Bentzen IV, age 44, to serve as its Chief Accounting Officer. Mr. Bentzen will report to Mr. Adam Sragovicz, the Company's Chief Financial Officer. In his position, Mr. Bentzen will succeed Mr. Sragovicz as the Company's principal accounting officer and be responsible for Sarbanes-Oxley compliance in addition to the preparation and certification of the Company's financial reports. Prior to joining the Company, Mr. Bentzen served as Chief Financial Officer and Chief Operations Officer for Crystal View Capital Management, LLC in 2020, as a Chief Financial Officer /Finance consultant for various clients (including real estate development companies) from 2018 to 2020, and as Chief Financial Officer for The Parking REIT, Inc. (formerly MVP REIT, Inc. and MVP REIT II, Inc.) from 2016 to 2018. Prior to these roles, Mr. Bentzen held senior and/or accounting roles at Western Funding, Inc., Vestin Group, Inc., and a local CPA firm in Las Vegas, Nevada. Ankündigung • Feb 24
Presidio Property Trust, Inc. Announces Management Changes Presidio Property Trust, Inc. announced that On February 17, 2021, Jessica C. Joelson notified company of her resignation as its Chief Accounting Officer, effective March 3, 2021 and Effective March 4, 2021, Adam Sragovicz, will serve as Presidio’s Chief Accounting Officer in addition to continuing to serve as its Chief Financial Officer. Mr. Sragovicz served as Presidio’s Chief Financial Officer since January 2018 and for brief interim periods in 2018, 2019, and 2020 as Chief Accounting Officer. Ankündigung • Feb 23
An unknown buyer acquired Garden Gateway Property from Presidio Property Trust, Inc. (NasdaqCM:SQFT). An unknown buyer acquired Garden Gateway Property from Presidio Property Trust, Inc. (NasdaqCM:SQFT) on February 19, 2021. Presidio Property expect to use the proceeds from the sale to reduce the leverage and to add properties that fit the growth profile.
An unknown buyer completed the acquisition of Garden Gateway Property from Presidio Property Trust, Inc. (NasdaqCM:SQFT) on February 19, 2021. Ankündigung • Feb 04
Presidio Property Trust, Inc. Announces Signing of Major Lease with U.S. General Services Administration Presidio Property Trust, Inc. announced the signing of a major lease at its Garden Gateway office property in Colorado Springs, Colorado. The U.S. General Services Administration (or GSA) signed a lease for over 18,000 square feet to be utilized for veterans' services. This 10-year lease with an option to lease for up to 25 years demonstrates the strong tenant demand Presidio is experiencing at a number of its office properties in secondary and tertiary markets. Ankündigung • Jan 31
An unknown buyer acquired Waterman Plaza Located in San Bernardino, California from Presidio Property Trust, Inc. (NasdaqCM:SQFT). An unknown buyer acquired Waterman Plaza Located in San Bernardino, California from Presidio Property Trust, Inc. (NasdaqCM:SQFT) on January 28, 2021. Presidio Property Trust used the net proceeds from the sale to make a reduction in our debt, another element of our long-term strategy. Presidio was represented by Fouy Ly of Kidder Mathews and the Buyer was represented by Mehran Foroughi of NAI Capital.
An unknown buyer completed the acquisition of Waterman Plaza Located in San Bernardino, California from Presidio Property Trust, Inc. (NasdaqCM:SQFT) on January 28, 2021. Ankündigung • Jan 24
An unknown buyer acquired 46 Model Homes in US from Presidio Property Trust, Inc. (NasdaqCM:SQFT) for $18.4 million An unknown buyer acquired 46 Model Homes in US from Presidio Property Trust, Inc. (NasdaqCM:SQFT) for $18.4 million during 2020. The average sales price per model home sold was approximately $400,000.
An unknown buyer completed the acquisition of 46 Model Homes in US from Presidio Property Trust, Inc. (NasdaqCM:SQFT) during 2020. Ankündigung • Dec 06
An unknown buyer completed the acquisition of 1283 Kelly Johnson Boulevard in Colorado Springs, Colorado from Presidio Property Trust, Inc. (NasdaqCM:SQFT) for $2.3 million. An unknown buyer entered into definitive agreement to acquire 1283 Kelly Johnson Boulevard in Colorado Springs, Colorado from Presidio Property Trust, Inc. (NasdaqCM:SQFT) on September 3, 2020. The transaction is subject to satisfaction and/or waiver of certain contingencies including buyer obtaining suitable financing and the transaction is expected to close in the fourth quarter of 2020.
An unknown buyer completed the acquisition of 1283 Kelly Johnson Boulevard in Colorado Springs, Colorado from Presidio Property Trust, Inc. (NasdaqCM:SQFT) for $2.3 million on December 4, 2020. Rob Rolley of RE/MAX Commercial in Colorado Springsrepresented Presidio in this transaction. Ankündigung • Nov 14
Presidio Property Trust, Inc. Announces Retirement of Board Members On November 9, 2020, Kenneth W. Elsberry, age 82, submitted a notice of his intent to retire from the Board of Directors of Presidio Property Trust, Inc. Mr. Elsberry’s retirement from the Board will take effect on December 30, 2020, the date on which the 2020 Annual Meeting of Stockholders is scheduled to be held. Except for a brief period in 2009, Mr. Elsberry has served on the Board since inception of the Company in 1999. Mr. Elsberry has also served as the Company’s Chief Financial Officer and Treasurer since 1999 until his retirement from such positions in 2016 and 2017, respectively. In addition, on November 9, 2020, Shirley Y. Bullard, age 68, submitted a notice of her intent to retire from the Board of the Company. Ms. Bullard’s retirement from the Board, which she has served on since 2011, will also take effect on December 30, 2020. In addition to her retirement from the Company’s Board, she will also be retiring from The Ken Blanchard Companies, having served as its Chief Administrative Officer and Vice President of Human Resources for more than two decades and, more recently, as its Chief of Staff to the President. Reported Earnings • Nov 08
Third quarter 2020 earnings released: US$0.20 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$5.66m (down 19% from 3Q 2019). Net loss: US$1.75m (down 169% from profit in 3Q 2019).