Presidio
Property Trust Declares
First-Quarter
2021
Dividend
Board of Directors approves cash dividend of
$0.101
per
share
San
Diego, CA - February
24,
2021
-
InvestorsHub NewsWire - On February 23,
2021, the
Board
of Directors
of Presidio Property
Trust, Inc.
(Nasdaq:
SQFT), an internally managed, diversified real
estate investment trust, declared
a
cash
dividend of
$0.101
per
share on its
Series
A Common
Stock
for
the first
quarter
of 2021,
an increase over last quarter's dividend.
The dividend will
be payable on March
16,
2021
to
all stockholders
of
record as of the close of business on March
9,
2021.
About
Presidio Property Trust
Presidio is an
internally managed, diversified REIT. We
have
interests in approximately
110
model home properties located in four
states,
with the majority located in Texas and Florida, which are leased
back to homebuilders on a triple-net basis. Our commercial real
estate portfolio consists of approximately 1 million square feet
comprised of 13
properties: nine
office
properties, one industrial property and three
retail
properties. Our commercial portfolio is located in Southern
California, Colorado, and North Dakota, and we are currently
considering new commercial property acquisitions in a variety of
additional markets across the United States. Our commercial
property tenant base is diversified, which helps limit our exposure
to any single industry in which our tenants operate. This
geographical clustering of our real estate
portfolio enables us to
minimize operating costs and leverage efficiencies by managing a
number of properties utilizing minimal overhead and staff. For more
information on Presidio, please visit the
Company's
website at
https://www.PresidioPT.com.
Cautionary
Note Regarding Forward-Looking
Statements
This press
release may
contain
statements that constitute "forward-looking
statements"
within
the meaning of the Private Securities Litigation Reform Act of
1995, including Presidio's
plans and
strategies as described
herein. Readers are cautioned that forward-looking statements
(which can be identified by words such
as "may,"
"will,"
"intend,"
"should,"
"believe,"
"expect,"
"anticipate,"
"project,"
"estimate"
or
similar expressions that do not relate solely to historical
matters) are subject to
numerous risks and
conditions, many of
which are beyond Presidio's
control, including
those set forth in the "Risk
Factors"
section
of Presidio's
registration statement and prospectus filed with the
Securities and
Exchange Commission (SEC).
Copies
are available on the SEC's
website, www.sec.gov. The statements in
this press release represent
Presidio's
views only as of the date they are made and should not be relied
upon as representing Presidio's
views as of any subsequent date.
Presidio
undertakes no
obligation to update these statements for revisions or changes
after the date of this press
release, except as
required by law.
Investor
Relations Contacts:
Presidio Property
Trust, Inc.
Lowell
Hartkorn, Investor Relations
LHartkorn@presidiopt.com
Telephone:
+1-760-471-8536
x1244
TraDigital
IR
Kevin
McGrath
+1-646-418-7002
kevin@tradigitalir.com
MJ
Clyburn
+1-917-327-6847
clyburn@tradigitalir.com