Presidio Property Trust Balance Sheet Health

Financial Health criteria checks 1/6

Presidio Property Trust has a total shareholder equity of $61.3M and total debt of $107.7M, which brings its debt-to-equity ratio to 175.7%. Its total assets and total liabilities are $176.0M and $114.7M respectively.

Key information

175.7%

Debt to equity ratio

US$107.71m

Debt

Interest coverage ratio	n/a
Cash	US$2.81m
Equity	US$61.30m
Total liabilities	US$114.66m
Total assets	US$175.96m

Recent financial health updates

Recent updates

Presidio Property Trust gains on announcing update of $10M share repurchase program

Sep 16

Presidio Property Trust: I Avoid The Common Shares But Remain Long The 10.3% Preferred Shares

Apr 16

Presidio Property Trust: No Recovery In Sight

Dec 24

Presidio Property Trust: I Expect The FFO Per Share To Fall By 40-50% In Q3

Aug 23

Presidio Property prices upsized public offering of preferred stock at $25

Jun 11

Presidio Property Trust reports Q3 results

Nov 05

Financial Position Analysis

Short Term Liabilities: SQFT's short term assets ($9.8M) do not cover its short term liabilities ($30.4M).

Long Term Liabilities: SQFT's short term assets ($9.8M) do not cover its long term liabilities ($84.3M).

Debt to Equity History and Analysis

Debt Level: SQFT's net debt to equity ratio (171.1%) is considered high.

Reducing Debt: SQFT's debt to equity ratio has reduced from 296.6% to 175.7% over the past 5 years.

Debt Coverage: SQFT's debt is not well covered by operating cash flow (1.4%).

Interest Coverage: Insufficient data to determine if SQFT's interest payments on its debt are well covered by EBIT.

Presidio Property Trust Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Presidio Property Trust, Inc. announced delayed annual 10-K filing

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

Presidio Property Trust Receives Notice from Nasdaq Regarding Non-Compliance with Nasdaq’s Minimum Bid Price Requirement

Recent updates

Zuma Capital Management Sends a Letter to Presidio Property Trust

Presidio Property Trust, Inc. announced delayed annual 10-K filing

New minor risk - Shareholder dilution

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

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. (NasdaqCM:SQFT) announces an Equity Buyback for $6 million worth of its shares.

Third quarter 2023 earnings released: EPS: US$1.77 (vs US$0.11 loss in 3Q 2022)

New minor risk - Share price stability

Presidio Property Trust, Inc. Announces Cash Dividend for the Third Quarter of 2023, Payable on October 11, 2023

Presidio Property Trust, Inc. Announces Chief Financial Officer Changes

Presidio Property Trust, Inc. Announces Chief Financial Officer Changes

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

Second quarter 2023 earnings released: US$0.15 loss per share (vs US$0.07 loss in 2Q 2022)

New major risk - Market cap size

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 Receives Notice from Nasdaq Regarding Non-Compliance with Nasdaq’s Minimum Bid Price Requirement

Now 21% undervalued after recent price drop

Price target decreased by 73% to US$1.00

First quarter 2023 earnings released: US$0.13 loss per share (vs US$0.33 loss in 1Q 2022)

Now 24% undervalued after recent price drop

Price target increased by 61% to US$6.25

Full year 2022 earnings released: US$0.57 loss per share (vs US$0.46 loss in FY 2021)

Insufficient new directors

Presidio Property Trust, Inc. Announces Demise of Sumner J. Rollings, Member of Board of Directors

Presidio Property Trust, Inc. Declares Fourth-Quarter 2022 Dividend, Payable on December 30, 2022

Price target increased to US$6.25

Third quarter 2022 earnings released: US$0.11 loss per share (vs US$0.13 loss in 3Q 2021)

Third quarter 2022 earnings released: US$0.11 loss per share (vs US$0.13 loss in 3Q 2021)

Presidio Property Trust, Inc. (NasdaqCM:SQFT) acquired Six Model Home Properties Located in Dallas-Fort Worth.

Presidio Property Trust, Inc. (NasdaqCM:SQFT) announces an Equity Buyback.

Presidio Property Trust gains on announcing update of $10M share repurchase program

Now 24% undervalued after recent price drop

Presidio Property Trust Adopts Variable Dividend Policy

Presidio Property Trust declares $0.02 dividend

Now 21% undervalued

Second quarter 2022 earnings released: US$0.025 loss per share (vs US$0.079 profit in 2Q 2021)

Presidio Property Trust GAAP EPS of -$0.07, revenue of $4.32M misses by $0.43M

Presidio names Manny Korakis as new chief financial officer

Now 22% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.11 per share

Presidio Property Trust, Inc. Declares Cash Dividend for the Second Quarter of 2022, Payable on June 24, 2022

First quarter 2022 earnings released

Price target decreased to US$5.25

Now 22% undervalued after recent price drop

Presidio Property Trust: I Avoid The Common Shares But Remain Long The 10.3% Preferred Shares

Presidio Property Trust, Inc., Annual General Meeting, May 26, 2022

Full year 2021 earnings released: US$0.41 loss per share (vs US$0.85 loss in FY 2020)

Upcoming dividend of US$0.10 per share

Presidio Property Trust, Inc. Declares Cash Dividend for the First Quarter of 2022, Payable on March 28, 2022

Presidio Property Trust, Inc.(NasdaqCM:SQFT.W) dropped from S&P TMI Index

Presidio Property Trust, Inc. (NasdaqCM:SQFT) acquired Eight Model Home Properties in Dallas.

Presidio Property Trust: No Recovery In Sight

Presidio Property Trust, Inc. (NasdaqCM:SQFT) acquired a clinical research and support facility in Baltimore, Maryland.

Presidio Property Trust, Inc. (NasdaqCM:SQFT) announces an Equity Buyback for $10 million worth of its shares.

Presidio Property Trust: I Expect The FFO Per Share To Fall By 40-50% In Q3

Presidio Property Trust, Inc. (NasdaqCM:SQFT) acquired Commercial Property in Houston, Texas from The Woodmont Company.

Second quarter 2021 earnings released: EPS US$0.079 (vs US$0.22 loss in 2Q 2020)

Presidio Property Trust, Inc. has completed a Follow-on Equity Offering in the amount of $9.99 million.

Presidio Property prices upsized public offering of preferred stock at $25

Presidio Property Trust, Inc. (NasdaqCM:SQFT) acquired 6 Model Home Properties in US.

Presidio Property Trust, Inc. Declares Cash Dividend for the Second Quarter of 2021, Payable on June 21, 2021

First quarter 2021 earnings released: US$0.28 loss per share (vs US$0.13 loss in 1Q 2020)

Full year 2020 earnings released

Presidio Property Trust, Inc. Signs Lease with Make-A-Wish Foundation San Diego

Presidio Property Trust, Inc. Announces Executive Changes

Presidio Property Trust, Inc. Announces Management Changes

An unknown buyer acquired Garden Gateway Property from Presidio Property Trust, Inc. (NasdaqCM:SQFT).

Presidio Property Trust, Inc. Announces Signing of Major Lease with U.S. General Services Administration

An unknown buyer acquired Waterman Plaza Located in San Bernardino, California from Presidio Property Trust, Inc. (NasdaqCM:SQFT).

An unknown buyer acquired 46 Model Homes in US from Presidio Property Trust, Inc. (NasdaqCM:SQFT) for $18.4 million

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.