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home / news releases / SQFTP - Presidio Property Trust: I Avoid The Common Shares But Remain Long The 10.3% Preferred Shares

SQFTP - Presidio Property Trust: I Avoid The Common Shares But Remain Long The 10.3% Preferred Shares

Presidio Property Trust Inc. 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock $0.01 par value per share
  • Presidio Property Trust is paying a dividend it cannot afford.
  • The core FFO in H2 2021 was just 8 cents per share, while the REIT is paying $0.105 per quarter.
  • I'm avoiding the common shares but I retain my long position in the preferred shares.
  • Although the asset coverage and dividend coverage ratio are low, the preferred dividend yield of over 10% is a good enough compensation.

For further details see:

Presidio Property Trust: I Avoid The Common Shares But Remain Long The 10.3% Preferred Shares
Stock Information
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
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