Presidio Property Trust Announces Series D Preferred Stock Cash Dividend
01 Oktober 2024 - 2:45PM
(NASDAQ: SQFT; SQFTP; SQFTW) 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 authorized, and the Company has declared, a
dividend on its 9.375% Series D Cumulative Redeemable Perpetual
Preferred Stock (the “Series D Preferred Stock”) for the months of
October 2024, November 2024 and December 2024.
In accordance with the terms of the Series D
Preferred Stock, the October 2024 Series D dividend will be payable
in cash in the amount of $0.19531 per share on November 15, 2024,
to shareholders of record of Series D Preferred Stock as of the
dividend record date of October 31, 2024. The November 2024 Series
D dividend will be payable in cash in the amount of $0.19531 per
share on December 16, 2024, to shareholders of record of Series D
Preferred Stock as of the dividend record date of November 29,
2024. The December 2024 Series D dividend will be payable in cash
in the amount of $0.19531 per share on January 15, 2025, to
shareholders of record of Series D Preferred Stock as of the
dividend record date of December 31, 2024.
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 in
Arizona, Illinois, Texas, Wisconsin, and Florida. Our office,
industrial and retail properties are located primarily in Colorado,
with properties also located in Maryland, 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 several 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. Presidio owns approximately 5.4% of the outstanding
common stock of Conduit Pharmaceuticals Inc., a disease agnostic
multi-asset clinical-stage disease-agnostic life science company
providing an efficient model for compound development. 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. Except as required by law, 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 Company’s
filings with the SEC, including those under “Risk Factors” therein,
copies of which are available on the SEC’s website,
www.sec.gov.
Investor Relations Contact:
Presidio Property Trust, Inc.Lowell Hartkorn, Investor
RelationsLHartkorn@presidiopt.comTelephone: (760) 471-8536
x1244
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