Presidio Property Trust | REIT Profile
Symbol: SQFT
CIK: 1080657
Exchange: NASDAQ
Preferred Stock: SQFTP, SQFTW
Founded: 1999 (25 years)
HQ: Escondido, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Industrial, Office, Residential
Internally Managed REIT
See SQFT on Yahoo Finance
See SQFT on SEC.gov
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Presidio Property Trust was founded as NetREIT in 1999 as a contrarian real estate investor focused on out-of-the-mainstream properties, many in locations largely ignored by institutional investors. We have successfully found hidden value by acquiring properties at attractive prices resulting from unique seller circumstances, and then implementing an aggressive business plan. Presidio Property Trust's portfolio has historically been diverse in product type, consisting of office, retail, industrial, medical office, self-storage, and residential properties. We strategically pursued strong opportunities, regardless of the property type. Since 2010, the Company, through its subsidiary NetREIT Dubose Model Home REIT, Inc., has acquired model homes from homebuilders nationwide on a sale - leaseback basis, which contributes substantially to our returns. Similar to triple-net commercial property investments, these assets provide secure cashflow with all operating expenses paid by the homebuilder, which is also the tenant. Although model homes represent a relatively small portion of our asset base, the returns are very accretive to our stockholders. Presidio Property Trust is a Maryland Corporation originally formed in 1999 that operates as a Real Estate Investment Trust (REIT) as defined under the Internal Revenue Code. Presidio Property Trust is, by design, a contrarian, or deep value, real estate investment company seeking property acquisitions which are out of the current mainstream or have unusual features. The acquisitions department seeks properties whose value is hidden by financial or emotional distress often resulting from the present owner’s lack of interest, desire, or capital to keep the property in top operating condition. Presidio Property Trust then proceeds to implement the enhancement phase of management which can ultimately result in greater appreciation.
Stock Chart
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Previous Close | Volume | Change $ | Change % |
|---|---|---|---|---|---|---|---|
| $0.53 | $0.60 | $0.52 | $0.59 | $0.57 | 63,593 | -$0.05 | -8.20% |
Last update: 2024-11-20 13:00:22 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Dividend of Trading Day 2024-11-20 [Dividends Currently Suspended]
Annualized Dividend:
Dividend Yield (TTM):
Annualized Dividend (TTM):
Ex-Dividend Date: 2023-12-15
Dividend Date: 2023-12-26
Dividend Frequency: Quarterly
REITBOT™ Alert
Dividends have been suspended for this REIT.
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for SQFT.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2024 | Q2 | FFO | $--- | $--- | ---% |
| 2024 | Q2 | FFO Core | $--- | $--- | ---% |
| 2023 | Q3 | FFO Core | $--- | $--- | ---% |
| 2023 | Q3 | FFO | $--- | $--- | ---% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.
Key Stats of Trading Day 2024-11-20
EBITDA: $4,997,000
P/E Ratio: N/A
PEG Ratio: N/A
Book Value: 3.36
Dividend Per Share: $0.05
EPS: -0.51
Revenue Per Share TTM: $1.52
ProfitMargin: -25.30%
Operating Margin TTM: -10.00%
Return on Equity TTM: -2.50%
Revenue TTM: $18,346,900
Gross Profit TTM: $13,047,900
Diluted EPS TTM: $-0.51
Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: 0.90%
Trailing P/E: N/A
Forward P/E: N/A
Beta: 1.57
Price to Book Ratio: 0.22
EV to Revenue: 5.64
EV to EBITDA: 10.93x
Shares Outstanding: 14,531,600
52 Week High: $1.43
52 Week Low: $0.48
50 Day Moving Average: $0.69
200 Day Moving Average: $0.83
Properties Owned by SQFT
Sample of REIT’s Properties. Image Source - REIT’s website
Occupancy Rate
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $3.43 per share you would have been able to buy 291 shares of SQFT on 2023-11-20 costing $998.13 | @ $3.43 per share you would have been able to buy 145 shares of SQFT on 2023-11-20 costing $497.35 | @ $3.43 per share you would have been able to buy 72 shares of SQFT on 2023-11-20 costing $246.96 | @ $3.43 per share you would have been able to buy 29 shares of SQFT on 2023-11-20 costing $99.47 | @ $3.43 per share you would have been able to buy 14 shares of SQFT on 2023-11-20 costing $48.02 |
| Current worth | On 2024-07-05 these 291 shares would be worth $183.33 @ $0.63 | On 2024-07-05 these 145 shares would be worth $91.35 @ $0.63 | On 2024-07-05 these 72 shares would be worth $45.36 @ $0.63 | On 2024-07-05 these 29 shares would be worth $18.27 @ $0.63 | On 2024-07-05 these 14 shares would be worth $8.82 @ $0.63 |
| Dividends earned | $6.69 in dividends would have been earned since 2023-11-20 with 291 shares. | $3 in dividends would have been earned since 2023-11-20 with 145 shares. | $1.66 in dividends would have been earned since 2023-11-20 with 72 shares. | $0.67 in dividends would have been earned since 2023-11-20 with 29 shares. | $0.32 in dividends would have been earned since 2023-11-20 with 145 shares. |
| Net (gain / loss)* | -808.11 USD | -402.67 USD | -199.94 USD | -80.53 USD | -38.88 USD |
| ROI** | -80.96% | -80.96% | -80.96% | -80.96% | -80.96% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History [Dividends Currently Suspended]
Below are the most recent cash dividends paid by SQFT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| SQFT | 2023-12-15 | 0.023 | --- | 2023-12-05 | 2023-12-18 | 2023-12-26 |
| SQFT | 2023-10-05 | 0.023 | --- | 2023-09-26 | 2023-10-06 | 2023-10-11 |
| SQFT | 2023-06-26 | 0.023 | 4.55% | 2023-06-16 | 2023-06-27 | 2023-06-30 |
| SQFT | 2023-03-29 | 0.022 | --- | 2023-03-20 | 2023-03-30 | 2023-03-31 |
| SQFT | 2023-03-24 | 0.022 | 4.76% | 2023-03-20 | 2023-03-27 | 2023-03-31 |
| SQFT | 2022-12-16 | 0.021 | 5.00% | 2022-12-07 | 2022-12-19 | 2022-12-30 |
| SQFT | 2022-09-15 | 0.020 | -81.13% | 2022-09-02 | 2022-09-16 | 2022-09-30 |
| SQFT | 2022-06-09 | 0.106 | 0.95% | 2022-05-25 | 2022-06-10 | 2022-06-24 |
| SQFT | 2022-03-15 | 0.105 | 0.96% | 2022-03-01 | 2022-03-16 | 2022-03-28 |
| SQFT | 2021-12-03 | 0.104 | 0.97% | 2021-11-23 | 2021-12-06 | 2021-12-20 |
| SQFT | 2021-09-03 | 0.103 | 0.98% | 2021-08-23 | 2021-09-07 | 2021-09-21 |
| SQFT | 2021-06-04 | 0.102 | 0.99% | 2021-05-25 | 2021-06-07 | 2021-06-21 |
| SQFT | 2021-03-08 | 0.101 | 1.00% | 2021-02-24 | 2021-03-09 | 2021-03-16 |
| SQFT | 2020-11-20 | 0.100 | --- | 2020-11-03 | 2020-11-23 | 2020-11-30 |
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 0 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 7.9 |
| 1 | Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. | 7.5 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 4 | FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.8 |
| Rating | Leverage Section | Avg. Rating |
| Rating | Asset & Revenue Section | Avg. Rating |
| Rating | Properties Section | Avg. Rating |
| 7 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.8 |
| 7 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 7.8 |
| Rating | Market Cap Section | Avg. Rating |
| 2 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 5.6 |
| 3.3 | Overall REITRating™ Score (See trend) | 6.4 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
Last updated: 2024-11-20 - v5.8