Presidio Property Trust Inc | 9.375% Series D Cumulative Redeemable Preferred Stock (SQFTP)
Prospectus excerpt: We are offering 800,000 shares of our 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, which we refer to as the Series D Preferred Stock. Presidio Property Trust, Inc. is a Maryland corporation that invests primarily in commercial properties, such as office, industrial and retail properties, as well as in residential model home properties, in regionally dominant markets across the United States. Dividends on the Series D Preferred Stock offered hereby are cumulative from the date they are issued and will be payable on the fifteenth day of each calendar month, when, as and if authorized by our Board of Directors and declared by us. Dividends will be payable out of amounts legally available therefor at a rate equal to 9.375% per annum per $25.00 of stated liquidation preference per share, or $2.34375 per share of Series D Preferred Stock per year.
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Presidio Property Trust is an internally-managed real estate investment trust. Co. invests in a multi-tenant portfolio of real estate assets primarily consisting of office/industrial, retail, and model home properties located primarily in the western U.S. Co. owns or has an equity interest in several office/industrial buildings and retail centers. In addition, through its Model Home subsidiary and its investments in several limited partnerships and a corporation, Co. owns various Model Home properties located in several states. Co. directly manages the operations and leasing of its properties. Preferred: SQFTP Open the SQFT Information Page » |
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