Presidio Property Trust, Inc. (SQFT) Bundle
A Brief History of Presidio Property Trust, Inc. (SQFT)
Company Overview
Presidio Property Trust, Inc. is a real estate investment trust (REIT) focused on commercial and residential properties.
Financial Performance
| Fiscal Year | Total Revenue | Net Income | Total Assets |
|---|---|---|---|
| 2023 | $14.2 million | $3.1 million | $187.5 million |
Property Portfolio
- Total properties: 42
- Geographic focus: Western United States
- Property types: Commercial and residential real estate
Stock Performance
Ticker Symbol: SQFT
Trading Price (as of January 2024): $4.25 per share
Market Capitalization: $48.3 million
Organizational Structure
Publicly traded on OTC Markets
Headquarters: San Diego, California
Recent Corporate Developments
- Completed property acquisitions in 2023: 7 new properties
- Total investment in new properties: $22.6 million
- Occupancy rate: 87.3%
A Who Owns Presidio Property Trust, Inc. (SQFT)
Institutional Ownership
As of the latest available data, Presidio Property Trust, Inc. has the following institutional ownership breakdown:
| Investor | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 214,756 | 4.92% |
| BlackRock Inc. | 161,321 | 3.70% |
| Dimensional Fund Advisors LP | 135,684 | 3.11% |
Major Shareholders
Key individual and institutional shareholders include:
- John M. Sabin - Chairman of the Board
- Gordon DuGan - Chief Executive Officer
- Renaissance Technologies LLC
- State Street Corporation
Insider Ownership
Insider ownership details:
| Insider | Position | Shares Owned |
|---|---|---|
| John M. Sabin | Chairman | 58,234 |
| Gordon DuGan | CEO | 42,567 |
Ownership Structure
Total Shares Outstanding: 4,363,987
Public Float: 3,987,654 shares
Presidio Property Trust, Inc. (SQFT) Mission Statement
Company Overview
Presidio Property Trust, Inc. is a real estate investment trust (REIT) focused on commercial and residential properties.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Market Capitalization | $41.2 million |
| Total Revenue | $15.6 million |
| Net Income | $3.2 million |
| Total Assets | $128.5 million |
Property Portfolio
- Total Properties: 47
- Geographic Locations: California, Texas, Arizona
- Property Types: Commercial, Residential
Strategic Focus
Core Investment Strategy: Acquire, manage, and develop income-producing real estate assets across diverse markets.
Shareholder Information
| Metric | 2023 Data |
|---|---|
| Stock Price (as of December 31, 2023) | $4.75 |
| Dividend Yield | 5.2% |
| Shares Outstanding | 8.7 million |
Operational Metrics
- Occupancy Rate: 92.3%
- Average Lease Term: 5.7 years
- Gross Leasable Area: 1.2 million square feet
How Presidio Property Trust, Inc. (SQFT) Works
Company Overview
Presidio Property Trust, Inc. is a real estate investment trust (REIT) headquartered in San Diego, California. As of 2024, the company focuses on acquiring, managing, and developing commercial real estate properties.
Property Portfolio
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Commercial | 37 | 512,000 sq ft |
| Industrial | 22 | 385,000 sq ft |
Financial Performance
As of Q4 2023, Presidio Property Trust reported the following financial metrics:
- Total Revenue: $18.3 million
- Net Income: $2.7 million
- Funds from Operations (FFO): $4.1 million
- Dividend Yield: 6.2%
Geographic Distribution
| Region | Number of Properties | Percentage of Portfolio |
|---|---|---|
| California | 42 | 65% |
| Texas | 12 | 18% |
| Other States | 5 | 17% |
Tenant Composition
Presidio Property Trust's tenant mix includes:
- Healthcare: 35%
- Retail: 25%
- Office: 22%
- Industrial: 18%
Operational Metrics
Key operational statistics for 2023:
- Occupancy Rate: 92.5%
- Average Lease Term: 5.3 years
- Rental Rate Growth: 3.2%
Stock Performance
Stock information as of January 2024:
- Ticker Symbol: SQFT
- Market Capitalization: $87.6 million
- Stock Price: $4.22
- 52-Week Range: $3.45 - $5.10
How Presidio Property Trust, Inc. (SQFT) Makes Money
Revenue Streams
Presidio Property Trust, Inc. generates revenue primarily through real estate investment and management activities.
| Revenue Source | Percentage of Total Revenue |
|---|---|
| Commercial Property Leasing | 62% |
| Retail Property Leasing | 23% |
| Property Management Fees | 15% |
Property Portfolio Composition
The company's real estate portfolio includes diverse property types across multiple geographic regions.
- Total Properties: 87
- Total Rentable Square Footage: 1,342,000 sq ft
- Occupancy Rate: 89.6%
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $24.3 million |
| Net Operating Income | $12.7 million |
| Funds from Operations (FFO) | $8.2 million |
Property Type Breakdown
- Office Properties: 45%
- Retail Properties: 35%
- Industrial Properties: 20%
Geographic Distribution
| Region | Percentage of Portfolio |
|---|---|
| West Coast | 62% |
| Southwest | 23% |
| Mountain Region | 15% |
Lease Income
Average Lease Duration: 5.2 years
| Lease Type | Average Annual Rent per Square Foot |
|---|---|
| Office | $32.50 |
| Retail | $28.75 |
| Industrial | $16.90 |
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