An update from Presidio Property Trust ( (SQFT) ) is now available.
Presidio Property Trust, Inc. reported its financial results for the year ended December 31, 2024, on March 31, 2025. The company saw a net loss of $27.9 million, attributed to increased general and administrative expenses and impairment charges on certain properties. Despite these challenges, Presidio achieved a revenue increase of 7.3% due to strong rent collections, new leases, and model home transactions. The company also acquired 19 model homes and sold 51, generating a gain of $3.4 million. The outlook for 2025 remains positive, with a focus on tenant retention and new acquisition opportunities.
More about Presidio Property Trust
Presidio Property Trust, Inc. is an internally managed, diversified real estate investment trust (REIT) based in San Diego, California. The company focuses on real estate investments, including commercial properties and model homes, and is known for its activities in leasing and property management.
YTD Price Performance: -28.12%
Average Trading Volume: 24,679
Technical Sentiment Signal: Buy
Current Market Cap: $8.43M
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