Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PRESIDIO PROPERTY TRUST, INC.

(SQFT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Presidio Property Trust : Declares Fourth-Quarter 2021 Dividend

11/23/2021 | 04:20pm EST

Board of Directors approves cash dividend of $0.104 per share

SAN DIEGO, CA / ACCESSWIRE / November 23, 2021 / (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 declared a cash dividend of $0.104 per share on its Series A Common Stock for the fourth quarter of 2021. This is the fifth consecutive quarterly dividend increase since Presidio Property's initial public offering in October of 2020.

The dividend will be payable on December 20, 2021 to all stockholders of record as of the close of business on December 6, 2021.

About Presidio Property Trust

Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located primarily in Texas and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in North Dakota, Texas, and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing a number of properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19. For more information on Presidio, please visit the Company's website at https://www.PresidioPT.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and other federal securities laws. Forward-looking statements are statements that are not historical, including statements regarding management's intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as "believe," "expect," "anticipate," "intend," "estimate," "may," "will," "should" and "could." Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the SEC on March 30, 2021 and in the Company's other documents filed with the SEC, copies of which are available on the SEC's website, www.sec.gov.

Investor Relations Contacts:

Presidio Property Trust, Inc.
Lowell Hartkorn, Investor Relations
LHartkorn@presidiopt.com
Telephone: (760) 471-8536 x1244

SOURCE: Presidio Property Trust, Inc.



View source version on accesswire.com:
https://www.accesswire.com/674453/Presidio-Property-Trust-Declares-Fourth-Quarter-2021-Dividend

Disclaimer

Presidio Property Trust Inc. published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 21:19:08 UTC.


ę Publicnow 2021
All news about PRESIDIO PROPERTY TRUST, INC.
01/19PRESIDIO PROPERTY TRUST : Announces Series D Preferred Stock Cash Dividend - Form 8-K
PU
01/19PRESIDIO PROPERTY TRUST, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
01/19PRESIDIO PROPERTY TRUST : Announces Series D Preferred Stock Cash Dividend
PU
01/13PRESIDIO PROPERTY TRUST : Provides Update on Special Warrant Dividend - Form 8-K
PU
01/13PRESIDIO PROPERTY TRUST, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
01/07PRESIDIO PROPERTY TRUST : Announces Sponsorship of $150 Million SPAC Offering - Form 8-K
PU
01/07PRESIDIO PROPERTY TRUST, INC. : Regulation FD Disclosure, Financial Statements and Exhibit..
AQ
01/07PRESIDIO PROPERTY TRUST : Announces Sponsorship of $150 Million SPAC Offering
PU
01/05PRESIDIO PROPERTY TRUST : Announces Special Warrant Dividend - Form 8-K
PU
01/04PRESIDIO PROPERTY TRUST : Provides Update on Model Home Activity - Form 8-K
PU
More news
Analyst Recommendations on PRESIDIO PROPERTY TRUST, INC.
More recommendations
Financials (USD)
Sales 2021 19,8 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 10,6%
Capitalization 45,1 M 45,1 M -
Capi. / Sales 2021 2,27x
Capi. / Sales 2022 2,06x
Nbr of Employees 22
Free-Float 91,7%
Chart PRESIDIO PROPERTY TRUST, INC.
Duration : Period :
Presidio Property Trust, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PRESIDIO PROPERTY TRUST, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 3,79 $
Average target price 5,42 $
Spread / Average Target 42,9%
Managers and Directors
Jack Kendrick Heilbron Chairman, President & Chief Executive Officer
Adam Sragovicz Chief Financial Officer
Gary M. Katz Chief Investment Officer
Sumner James Rollings Independent Director
David T. Bruen Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
PRESIDIO PROPERTY TRUST, INC.-2.82%45
GECINA-2.89%9 978
MIRVAC GROUP-5.15%7 841
GPT GROUP-3.87%7 191
NOMURA REAL ESTATE MASTER FUND, INC.-10.26%6 017
ICADE2.06%5 529