Presidio Property Trust Provides Update on Model Home Activity in Q2 2024 [Yahoo! Finance]
Presidio Property Trust, Inc. - Class A (SQFT)
Company Research
Source: Yahoo! Finance
managed, diversified real estate investment trust (“REIT”) announced that in second quarter of 2024, through subsidiary and affiliate entities, it acquired seven newly constructed single-family model home properties located in Texas. These seven homes were purchased for a total of approximately $3.5 million, with mortgage notes payable of approximately $2.4 million, and approximately $1.1 million in cash. They are then leased back to the homebuilders on a triple-net basis. Additionally, during the second quarter of 2024, through subsidiary and affiliate entities, we sold 15 homes for a total of approximately $8.1 million. “Despite challenges with affordability and higher interest rates, we have had a brisk quarter of sales activity. I have been pleased with the overall sales performance. We continue to analyze acquisition opportunities and will engage with builders as we find desirable properties,” said Steve Hightower, President of the Model Homes Division. About Presidio Propert
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News
- Pleasing Signs As A Number Of Insiders Buy Presidio Property Trust Stock [Yahoo! Finance]Yahoo! Finance
- Presidio Property Trust Second Quarter 2024 Earnings: US$1.00 loss per share (vs US$0.15 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Presidio Property Trust, Inc. Announces Earnings for the Second Quarter Ended June 30, 2024Accesswire
- Presidio Property Trust Announces Series D Preferred Stock Cash DividendGlobeNewswire
- Presidio Property Trust Provides Update on Model Home Activity in Q2 2024GlobeNewswire
SQFT
Sec Filings
- 9/23/24 - Form 4
- 9/17/24 - Form 4
- 9/12/24 - Form 4
- SQFT's page on the SEC website