Presidio Property Trust, Inc. · NASDAQ:SQFT
Presidio Property Trust — IPO Roadshow (August 2020)
17 slides from Presidio Property Trust's IPO roadshow presentation, Aug 4, 2020
Slide 1: Investor Presentation
Issuer Free-writing Prospectus Filed Pursuant to Rule 433 INVESTOR PRESENTATION Registration Number: 333-220514 filed August 4, 2020 © 2020 Presidio Property Trust, Inc. All rights reserved.
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS Issuer Free-writing Prospectus Filed Pursuant to Rule 433 Registration Number: 333-220514 filed August 4, 2020 Presidio Property Trust, Inc. (“we“ or “us”) has filed a registration statement (including a preliminary prospectus) (the “Registration Statement”) with th
Slide 3: Offering Details
OFFERING DETAILS Issuer: Presidio Property Trust, Inc. HIGH QUALITY PORTFOLIO WITH STRONG FUNDAMENTALS Proposed Ticker/ Exchange: SQFT / Nasdaq Capital Market Offering Type Initial Public Offering (IPO) Securities Issued: Series C Common Stock(1) Gross Offering Proceeds $10,000,000 Over-allotment 15
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS HIGH QUALITY PORTFOLIO WITH STRONG EXPERIENCE AND DEPTH OF MANAGEMENT FUNDAMENTALS ▪ 15 commercial properties with 1,129,738 SF with an average same- ▪ Chairman and CEO Jack Heilbron’s public REIT experience store occupancy rate of 85.6% ▪ Company formed in 1999; SEC reporting
Slide 5: Company Overview
COMPANY OVERVIEW Corporate Information DESCRIPTION Headquarters San Diego County, CA Founded 1999 Key Geographies CA, CO, ND ▪ Presidio Property Trust, Inc. (“Presidio” or the “Company”) was founded in 1999 Employees 23 as NetREIT ▪ Presidio is a self-managed real estate company focused on commercia
Slide 6: Management Team
MANAGEMENT TEAM Key team members have 75+ combined years of real estate and public company experience Jack Heilbron, Chairman, Chief Executive Officer, and President Gary Katz, Senior Vice President, Asset Management ▪ Founding officer, director, and stockholder of the former CI Holding Group, ▪ Hel
Slide 7: Board of Directors (Excluding Management)
BOARD OF DIRECTORS (EXCLUDING MANAGEMENT) Jennifer Barnes, Independent Director Ken Elsberry, Co-Founder and Director ▪ Served as Director since 2020 and is a member of the Audit Committee ▪ Currently CEO and Founder of Optima Office, and co-founder of Pro Back Office. ▪ Co-Founder of Presidio, toge
Slide 8: Company Strategy
COMPANY STRATEGY ▪ Presidio acquires high-quality commercial properties in often overlooked and/or underserved markets ▪ Our target markets are regionally dominant, non-core cities with attractive growth dynamics driven by key economic factors ▪ Focus on $10 – $30 million property acquisitions that
Slide 9: Model Home Business
MODEL HOME BUSINESS ▪ Triple-net sale/leaseback transactions with homebuilders, to use as sales offices and model homes ▪ Operates independently in Houston, Texas, with minimal time commitment by senior management ▪ Homes are sold to homebuyers following subdivision close-out ▪ Generates fee income
Slide 10: Model Homes - An Attractive Property Type
MODEL HOMES - AN ATTRACTIVE PROPERTY TYPE 202 homes purchases and sold between 2012 and 2019 120.0% 100.0% 80.0% 60.0% Average compound 40.0% annual growth on invested 20.0% equity of 21.1% 0.0% - 1 2 3 4 5 6 7 8 9 Years held -20.0% -40.0% % annualized return Weighted average holding period of 2.7 y
Slide 11: High Quality Commercial Portfolio
HIGH QUALITY COMMERCIAL PORTFOLIO Our commercial real estate portfolio consists of the following properties: Fargo, ND Square Percent Percent Square Feet Percent Percent Property Feet Property Occupied Ownership (‘000’s) Occupied Ownership (‘000’s) Garden Gateway, Highland Court, 115 76.4 100 Colora
Slide 12: Portfolio Makeup and Performance
PORTFOLIO MAKEUP AND PERFORMANCE COMMERCIAL SQUARE FOOTAGE BY NOI BY PRODUCT TYPE REGION NOI Yield by Product Type California, Office/Industrial: 9.8%(1) Model Homes, 23.0% 11.9% Model Homes: 8.4%(2) North Dakota, Retail: 8.3%(3) 35.1% Retail, 13.1% Colorado, Office / Industrial, 53.0% 63.9% Occupan
Slide 13: Ability to Add Value: Dakota Center, Fargo, North Dakota
ABILITY TO ADD VALUE Dakota Center, Fargo, North Dakota DAKOTA CENTER OVERVIEW Background ▪ 78% of the property was leased to a major national bank under a lease expiring in December 2012 – just 18 months following acquisition ▪ The bank occupied only a small portion and subleased other portions to
Slide 14: Ability to Add Value: The Presidio, Colorado Springs
ABILITY TO ADD VALUE The Presidio, Colorado Springs, Colorado THE PRESIDIO OVERVIEW Background ▪ Able to take advantage of the seller’s unique circumstance to purchase the property at an excellent in-place return, with additional value achievable through increasing occupancy and raising rents to mar
Slide 15: Ability to Add Value: Sparky's Self-Storage
ABILITY TO ADD VALUE Sparky’s Self-Storage, Inland Empire, California SPARKY’S SELF-STORAGE OVERVIEW Background ▪ Presidio acquired 7 individual self-storage properties throughout the Inland Empire region of Southern California between 2007 and 2013. These properties were either distressed and sold
Slide 16: Balance Sheet Poised for Growth
BALANCE SHEET POISED FOR GROWTH ▪ Weighted average interest rate on outstanding commercial debt is 4.6% and the weighted average remaining term of commercial debt is 4.6 years(1) ▪ $8.8 million unsecured note payable outstanding, maturing October 1, 2020 (extendable to March 31, 2021), at an interes
Slide 17: Company Highlights
COMPANY HIGHLIGHTS High Quality Portfolio with Strong Fundamentals Poised to Grow Across In-Demand Space Experience and Depth of Management Differentiated Acquisition Strategy Source: Company filings as of August 4, 2020 17