By Rebecca Melvin
Concord, N.H., June 15 – Presidio Property Trust Inc. priced $20 million, or 800,000 shares, of 9.375% series D cumulative redeemable perpetual preferred stock, according to a 424B4 filed with the Securities and Exchange Commission.
The $25-par shares are callable on June 15, 2026 at par plus accumulated and unpaid dividends.
Prior to June 15, 2026, they are also callable upon a change of control in whole or in part at $25.00 per share and accumulated and unpaid dividends.
Dividends are payable on the 15th day of each month.
The preferreds began trading on the Nasdaq Capital Market under the symbol “SQFTP” on Friday.
The Benchmark Co. LLC was bookrunning manager of the offering.
The proceeds will be used for general corporate and working capital purposes, including for the potential acquisition of additional properties.
The commercial property company is based in Maryland.
| Issuer: | Presidio Property Trust Inc.
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| Issue: | Series D preferred stock
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| Amount: | $20 million (800,000 shares)
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| Maturity: | Perpetual
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| Bookrunner: | Benchmark Co. LLC
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| Co-managers: | Aegis Capital Corp., Colliers Securities LLC and Spartan Capital Securities LLC
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| Dividend: | 9.375%
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| Liquidation preference: | Par of $25.00
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| Call: | On June 15, 2026 at par
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| Change of control: | Yes, prior to June 15, 2026 at par plus interest
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| Announcement date: | June 10
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| Listing: | Nasdaq: SQFTP
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