Key Highlights

  • Shares were down 16.01%, or USD 0.1409, to USD 0.7391 in pre-market trading on November 4, 2026.
  • Total principal outstanding on Mortgage notes was USD 80.86 million at June 30, 2026.
  • Cash and restricted cash stood at USD 5.90 million at June 30, 2026.
  • Holders tendered 149,773 Series D Preferred Shares for 5.5 common shares each in an exchange that expired October 2, 2026.
  • Series D dividends in arrears were about USD 1.1 million as of June 30, 2026.

What Moved Presidio Property Trust Before the Open (down USD 0.1409, 16.01%)

Presidio Property Trust (NASDAQ:SQFT) was down 16.01% to USD 0.7391 in pre-market trading on November 4, 2026, a fall of USD 0.1409 from the Tuesday, November 3, 2026 close of about USD 0.8800 (calculated).

No company announcement dated November 2, 3 or 4, 2026 was identified. The slide looks like a continuation of pressure linked to preferred Dividend suspension, property level defaults and added common share supply, rather than a reaction to a new headline. The next Quarterly Report date was not confirmed in a company release.

The Preferred Exchange and Dividend Backdrop

According to a company press release dated October 5, 2026, the exchange offer for the 9.375% Series D preferred stock expired at 11:59 p.m. New York time on October 2, 2026. The company accepted all 149,773 tendered shares, about 15.4% of the 973,736 outstanding, and agreed to issue 5.5 shares of Series A common stock per preferred share.

That works out to about 823,753 new common shares, with settlement expected around October 6, 2026. Roughly 823,963 Series D shares remain outstanding. The company did not declare Series D dividends in 2026, and the quarterly report for June 30, 2026 showed about USD 1.1 million of cumulative unpaid dividends in arrears. Common shares outstanding were roughly 1.43 million as of August 13, 2026.

Business Background and Recent Results

Presidio Property Trust is an internally managed, San Diego based real estate Investment trust. Its portfolio spans commercial properties and 75 model homes at March 31, 2026.

In the quarter ended June 30, 2026, total Revenue was USD 3.82 million, and six month revenue was USD 7.59 million versus USD 8.50 million a year earlier. The six month loss attributable to common stockholders was USD 4.51 million, or USD 3.43 per share, and the second quarter loss was USD 4.38 million, or USD 3.33 per share. Six month impairments were USD 3.50 million, including USD 2.98 million in the second quarter.

Balance Sheet, Defaults and Risks

Mortgage notes payable, net, were USD 80.14 million at June 30, 2026, versus USD 92.07 million at year end 2025, with total principal of USD 80.86 million. Cash and restricted cash totaled USD 5.90 million. The Shea Center II Loan went into default after it was not repaid by January 5, 2026, and the property was transferred to the lender through a foreclosure sale on July 1, 2026 with a USD 12.0 million Credit bid and no cash changing hands.

The company has also cut costs, including a voluntary 5% CEO salary cut starting April 2026. Penny stocks carry high volatility, thin Liquidity and dilution risk, and further preferred conversions or Capital raising could weigh on the common shares.

What to Watch Next

The third quarter report should show how much revenue and Impairment pressure continued after June 30, 2026, and how the October exchange changed the share count and preferred obligations.

Other markers include any decision on the remaining Series D shares and further property sales or defaults.