Presidio Property Trust, Inc. · NASDAQ:SQFT
Presidio Property Trust — Q2 2021 Earnings Presentation
19 slides from Presidio Property Trust's earnings presentation, Aug 10, 2021
Slide 1: Investor Presentation
INVESTOR PRESENTATION © 2021 Presidio Property Trust, Inc. All rights reserved.
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS 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
Slide 3: Presidio Property Overview
PRESIDIO PROPERTY OVERVIEW Eiesele DESCRIPTION + Presidio Property Trust, Inc. (“Presidio” or the “Company”) was founded in 1999 as NetREIT = Presidio is an internally-managed real estate company focused on commercial real estate opportunities in often-overlooked and regionally dominant markets The
Slide 4: Presidio Property Overview (Cont'd)
PRESIDIO PROPERTY OVERVIEW (CONT’D) Eiesele Corporate Information Headquarters San Diego, CA Founded 1999 key Geographies CA, CO, ND, TX & FL Employees 20 ‘Summary (Number / Square Footage) 7 properties / 574,261 sq. ft. 3 properties / 110,552 sq. ft. Industrial 1 property / 150,030 sq. ft. Model Ho
Slide 5: Company Strategy
COMPANY STRATEGY Eiesele = 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 acquisition
Slide 6: High Quality Commercial Portfolio
HIGH QUALITY COMMERCIAL PORTFOLIO Eiesele Our commercial real estate portfolio as of June 30, 2021, consisted of the following properties: ; ee Approximate Percent Percent roperts pe aeareret Occupied Ownership Genesic Pan Se 58 17 764 One Pak Cente, Dee Ch Westminster, CO Dakota Center, ne m3 100 F
Slide 7: Portfolio Makeup and Performance
PORTFOLIO MAKEUP AND PERFORMANCE FArresinic COMMERCIAL SQUARE FOOTAGE BY REGION AS OF JUNE 30, 2021 California North Dakota
Slide 8: Portfolio Makeup and Performance (Cont'd)
PORTFOLIO MAKEUP AND PERFORMANCE (CONT’D) PRESIDIO Proparty Trust NOI BY PRODUCT TYPE FOR THE SIX MONTH ENDED JUNE 30, 2020 Model Homes, 25% Office / Industrial, a 60% Retail, 15% — NOI (millions) $4 $27 gg $18.2 $16.0 $168 $125 $9.8 $0.0 | Year YE2014 -YE2015 YE2016 YE2017 YE2018 YE2019 YE2020 YTD2
Slide 9: Growth Strategy & Pipeline
GROWTH STRATEGY & PIPELINE Eiesele "We seek to invest in properties in regionally dominant markets that have attractive growth dynamics driven in part by economic factors such as strong office-using employment growth, net in-migration of a highly educated workforce, large student populations, the st
Slide 10: Ability to Add Value
ABILITY TO ADD VALUE Eiesele Dakota Center, Fargo, North Dakota DAKOTA CENTER 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 m
Slide 11: Ability to Add Value
ABILITY TO ADD VALUE The Presidio, Colorado Springs, Colorado 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 market Value-Add = To fac
Slide 12: Ability to Add Value
ABILITY TO ADD VALUE Sparky's Self-Storage, Inland Empire, California 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 by lenders or individual investor
Slide 13: Model Home Business
MODEL HOME BUSINESS = Triple-net sale/leaseback transactions with homebuilders, to use as sales offices and model homes PRESIDIO "Operates independently in Houston, Texas, with minimal time commitment by senior management = Homes are sold to homebuyers following subdivision close-out = Property yiel
Slide 14: Core Funds Flow From Operations
CORE FUNDS FLOW FROM OPERATIONS PRESIDIO TOWARDS DIVIDENDS For the Three Months Ended For the Six Months Ended 6/30/2021 6/30/2020 6/30/2021 6/30/2020 Net (loss) income attributable to Presidio Property Trust, Inc. common stockholders $ 754.203 $ (1,922,816) $ (1,907.479) $ (3,029,946) Adjustments:
Slide 15: Staggering of Our Debt Maturities
STAGGERING OF OUR DEBT MATURITIES pees ee Weighted average interest rate on outstanding commercial debt is 4.5% and the weighted average remaining term is 4.7 years COMMERCIAL DEBT MATURITY SCHEDULE (1) Weighted by outstanding mortgage balance, excludes model home debt
Slide 16: Board of Directors (Excluding Management)
BOARD OF DIRECTORS (EXCLUDING MANAGEMENT) Jennifer Barnes, Independent 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. Named a top 40 under 40 business leader in San Diego in 2016 and a fin
Slide 17: 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 * Founding officer, director, and stockholder ofthe former Cl Holding Group, ine and ofits subsidiary corporations * Currently serves 2
Slide 18: Company Highlights
COMPANY HIGHLIGHTS AArresinio High Quality Portfolio with Strong Fundamentals Poised to Grow Across In-Demand Experience and Space Depth of ( a Management AY Differentiated Acquisition Strategy
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS HIGH QUALITY PORTFOLIO WITH STRONG FUNDAMENTALS = 11 commercial properties with 834,843 square feet with an average same-store occupancy rate of 85.1% "Highly diversified commercial property tenant base * Robust portfolio with strong fundamentals and internal growth DIFFERENTIA
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