Recent Updates — SQFTW

Presidio Property Trust completed an exchange offer for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock. Of the 973,736 outstanding preferred shares, 149,773 (approximately 15.4%) were tendered and accepted. Holders received 5.5 newly issued shares of Series A Common Stock for each preferred share exchanged, resulting in an aggregate issuance of approximately 823,753 common shares. Settlement is expected on October 6, 2026. Approximately 823,963 shares of the preferred stock will remain outstanding following the transaction. Presidio Property Trust operates as a diversified real estate investment trust with holdings in model home properties triple-net leased to homebuilders, as well as office, industrial, and retail properties.

Presidio Property Trust announced the commencement of an exchange offer for all outstanding shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock in exchange for newly issued Series A Common Stock. The exchange ratio is 5.5 shares of common stock for each share of preferred stock tendered, with no fractional shares issued. As of September 2, 2026, there were 973,736 shares of Series D Preferred Stock outstanding. The offer expires on October 2, 2026, unless extended or terminated earlier by the company. This transaction represents a significant capital structure change for the internally managed diversified real estate investment trust that owns model home properties triple-net leased to homebuilders and other commercial real estate assets.

Presidio Property Trust announced the completion of a five-year lease extension for its largest tenant, Johns Hopkins University, at its Baltimore property. The extension secures occupancy of all 31,752 square feet through December 31, 2031. This agreement retains a long-standing relationship with the university regarding the Bloomberg School of Public Health facility. Presidio Property Trust operates as an internally managed real estate investment trust that owns and leases model home properties to homebuilders in sun belt states, as well as office, industrial, and retail properties primarily in Colorado.