Presidio Property Trust, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $9.1M
- Price
- $6.33
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.48%
- Volume
- 753
About
Presidio Property Trust, Inc., formerly known as NetREIT, functions as an internally managed, diversified Real Estate Investment Trust (REIT). The company's core business involves acquiring, owning, and actively managing a geographically diverse portfolio of real estate assets throughout the United States. These assets encompass various property types, including office buildings, industrial facilities, retail spaces, and residential model homes, with the latter being leased to homebuilders. As of September 30, 2020, its extensive holdings included 128 model homes (held through six affiliated limited partnerships and one wholly-owned corporation), a combined total of ten office buildings and one industrial property offering approximately 998,016 rentable square feet, and four retail shopping centers spanning about 131,722 rentable square feet.
Quick stats
Shares outstanding1.4M
Computed float969.2K
Float / shares67.6%
Key info
SectorReal Estate
IndustryREIT - Diversified
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001080657
Websitehttps://www.presidiopt.com
AI Summary
AI-generated1/4
minorbearishdilution
Presidio Property Trust Announces Expiration and Results of Exchange Offer for All Outstanding Shares of its Series D Preferred Stock
Presidio Property Trust's exchange offer for its 9.375% Series D preferred stock expired October 2 with 149,773 preferred shares tendered, roughly 15.4% of the outstanding total.
Tendering holders receive 5.5 common shares per preferred share, with about 823,753 common shares to be issued at settlement on or about October 6, 2026.
Only ~15% participation limits both the balance-sheet benefit of retiring the high-coupon preferred and the dilution to common holders; directors and officers tendered on the same terms as other holders.
Red flags
- Low 15.4% participation rate leaves ~824K high-coupon preferred shares outstanding
- Common shareholders face incremental dilution from the 5.5:1 exchange ratio