Presidio Property Trust, Inc. announces an Equity Buyback for $10 million worth of its shares.
Published on 09/17/2021 at 08:37
Share
Presidio Property Trust, Inc. (NasdaqCM:SQFT) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its outstanding common A shares.
Presidio Property Trust, Inc. is an internally managed, diversified real estate investment trust (REIT) with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. The Company's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. The Company's office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. The Company acquires and operates properties in three business segments, including Office/Industrial Properties, Model Home Properties and Retail Properties. It owns approximately 12 commercial properties that are located in Colorado, North Dakota, California, Maryland and Texas. It also owns approximately 110 model home properties that are located in five states throughout the United States. Its retail properties include Union Town Center, Research Parkway and Mandolin.
