Presidio Property Trust, Inc. · NASDAQ:SQFT
Presidio Property Trust — Investor Presentation (June 2021)
21 slides from Presidio Property Trust's investor presentation, Jun 1, 2021
Slide 1: Investor Presentation
Issuer Free-writing Prospectus Filed Pursuant to Rule 433 INVESTOR PRESENTATION Registration Number: 333-256150 Filed June 1, 2021 © 2021 Presidio Property Trust, Inc. All rights reserved.
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS This presentation contains “forward‐looking statements” within the meaning of the federal securities laws that involve risks and uncertainties, many of which are beyond our control. Our actual results could differ Issuer Free-writing Prospectus materially and advers
Slide 3: Registration Statement
REGISTRATION STATEMENT The issuer has filed a registration statement, File No: 333‐256150, (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has f
Slide 4: Summary of Expected Offering Terms
SUMMARY OF EXPECTED OFFERING TERMS Security: 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock Anticipated NASDAQ Symbol: SQFTP Dividend Payment Dates: Fifteenth day of each calendar month Monthly Dividend Amount: $0.1953 Liquidation Preference: $25.00 Maturity/Mandatory Redemption: No
Slide 5: Presidio Property Overview
PRESIDIO PROPERTY OVERVIEW 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 Compan
Slide 6: Presidio Property Overview (Cont'd)
PRESIDIO PROPERTY OVERVIEW (CONT’D) Corporate Information Headquarters San Diego, CA Founded 1999 Key Geographies CA, CO, ND, TX & FL Employees 20 Portfolio Summary (Number / Square Footage) Office 9 properties / 717,714 sq. ft. Retail 3 properties / 110,552 sq. ft. Industrial 1 property / 150,030 s
Slide 7: 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 8: High Quality Commercial Portfolio
HIGH QUALITY COMMERCIAL PORTFOLIO Our commercial real estate portfolio as of March 31, 2021, consisted of the following properties: Fargo, ND Approximate Approximate Percent Percent Percent Percent Property Square Feet Property Square Feet Occupied Ownership Occupied Ownership (‘000’s) (‘000’s) Exec
Slide 9: Portfolio Makeup and Performance
PORTFOLIO MAKEUP AND PERFORMANCE COMMERCIAL SQUARE FOOTAGE BY REGION California, 12% North Dakota, 40% Colorado, 48% 9
Slide 10: Portfolio Makeup and Performance (Cont'd)
PORTFOLIO MAKEUP AND PERFORMANCE (CONT’D) APPROXIMATE NOI BY PRODUCT TYPE FOR THE THREE MONTHS ENDED MARCH 31, 2021 Model Homes, 25.3% Retail, 15.5% Office / Industrial, 59.2% NOI (millions) 25 $22.7 $22.4 $21.5 20 $18.2 $16.0 $16.8 15 $12.5 10 5 $3.5 $0.0 0 Year YE 2014 YE 2015 YE 2016 YE 2017 YE 2
Slide 11: Growth Strategy & Pipeline
GROWTH STRATEGY & PIPELINE ▪ 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 stability
Slide 12: Ability to Add Value: Dakota Center
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 13: Ability to Add Value: The Presidio
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 14: 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 15: 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 ▪ Property yields of ~1
Slide 16: Core Funds Flow From Operations Towards Dividends
CORE FUNDS FLOW FROM OPERATIONS TOWARDS DIVIDENDS For the Year For the Three Months Ended Ended March 31, December 31, 2021 2020 2020 Net loss attributable to Presidio Property Trust, Inc. common stockholders $ (2,661,682 ) $ (1,107,130 ) $ (7,673,905 ) Adjustments: Income attributable to noncontrol
Slide 17: Staggering of Our Debt Maturities
STAGGERING OF OUR DEBT MATURITIES Weighted average interest rate on outstanding commercial debt is 4.4% and the weighted average remaining term is 4.4 years(1) $70.0 COMMERCIAL DEBT MATURITY SCHEDULE $60.0 $50.0 $40.0 $30.0 $20.0 $10.0 $- 2021 2022 2023 Thereafter Mortgage Debt (1) Weighted by outst
Slide 18: Board of Directors (Excluding Management)
BOARD OF DIRECTORS (EXCLUDING MANAGEMENT) Jennifer Barnes, Independent Director James Durfey, Independent Director ▪ Served as Director since 2020 and is a member of the ▪ Served as a director as of December 2019 and is a member Audit Committee of the Compensation Committee and the Nominating and ▪
Slide 19: 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 ▪ Held positi
Slide 20: Company Highlights
COMPANY HIGHLIGHTS High Quality Portfolio with Strong Fundamentals Poised to Grow Across In‐Demand Experience and Space Depth of Management Differentiated Acquisition Strategy 20
Slide 21: Investment Highlights
INVESTMENT HIGHLIGHTS HIGH QUALITY PORTFOLIO WITH STRONG EXPERIENCE AND DEPTH OF MANAGEMENT FUNDAMENTALS ▪ 13 commercial properties with 978,296 square feet with an ▪ Chairman and CEO Jack Heilbron’s public REIT experience average same‐store occupancy rate of 82.4% ▪ Company formed in 1999; SEC repo
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