Business
Presidio Property Trust Declares Fourth-Quarter 2021 Dividend
Board of Directors approves cash dividend of $0.104 per shareSAN DIEGO, CA / ACCESSWIRE / November 23, 2021 / (NASDAQ:SQFT; SQFTP) Presidio Property Trust,
About this update from Presidio Property Trust, Inc.
[{"type":"text","content":"Board of Directors approves cash dividend of $0.104 per shareSAN DIEGO, CA / ACCESSWIRE / November 23, 2021 / (NASDAQ:SQFT; SQFTP) 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 declared a cash dividend of $0.104 per share on its Series A Common Stock for the fourth quarter of 2021. This is the fifth consecutive quarterly dividend increase since Presidio Property's initial public offering in October of 2020.The dividend will be payable on December 20, 2021 to all stockholders of record as of the close of business on December 6, 2021.About Presidio Property TrustPresidio 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 primarily in Texas and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in 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 a number of 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. For more information on Presidio, please visit the Company's website at https://www.PresidioPT.com.Cautionary Note Regarding Forward-Looking StatementsThis 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 diff...