SQFTP - Beat And Boost: REIT Earnings Halftime Report

July, 30 2021 09:45 AM Presidio Property Trust Inc. 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock $0.01 par value per share

We're now at the halfway point of another newsworthy real estate earnings season. Results have so far been as impressive as any REIT earnings season in recent memory.
Roughly 95% of REITs have topped consensus earnings estimates, and of the 44 REITs that provide full-year funds from operations guidance, more than 80% have raised their full-year estimates.
Residential REIT results have been the most impressive with all housing-related REITs reporting significant upward guidance revisions as rental rates continue to soar across the nation.
Recovering valuations and ample access to capital have reignited the M&A "animal spirits" in the REIT world. We've seen five additional major REIT M&A deals since the start of June.
Industrial and shopping center REIT results have also been impressive. Technology REITs have reported solid but unspectacular results. Office REITs, however, continue to be an area of concern.

For further details see:

Company Name:	Presidio Property Trust Inc. 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock $0.01 par value per share
Stock Symbol:	SQFTP
Market:	NASDAQ
Website:	presidiopt.com