Key Highlights

  • Shares slid 16.01%, or USD 0.1409, to USD 0.7391 in pre-market trading on November 4, 2026.
  • Total principal on Mortgage notes stood at USD 80.86 million at June 30, 2026.
  • Cash and restricted cash came to USD 5.90 million at June 30, 2026.
  • Holders handed in 149,773 Series D Preferred Shares for 5.5 common shares apiece, in an exchange that closed on October 2, 2026.
  • Series D dividends in arrears amounted to roughly USD 1.1 million as of June 30, 2026.

What Drove Presidio Property Trust Ahead of the Open (down USD 0.1409, 16.01%)

Presidio Property Trust (NASDAQ:SQFT) traded 16.01% lower at 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 found. The decline looks more like continued pressure from the suspended preferred dividend, property defaults and extra common share Supply than a response to fresh news. The next Quarterly Report date was not confirmed in a company release.

The Preferred Exchange and Dividend Backdrop

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

That comes to about 823,753 new common shares, with settlement expected around October 6, 2026, and leaves roughly 823,963 Series D shares outstanding. The company declared no Series D dividends in 2026, and the quarterly report for June 30, 2026 listed about USD 1.1 million of cumulative unpaid dividends in arrears. Common shares outstanding were around 1.43 million as of August 13, 2026.

Company Profile and Recent Performance

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

For the quarter ended June 30, 2026, total Revenue came to USD 3.82 million, while six month revenue was USD 7.59 million against 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 reached USD 4.38 million, or USD 3.33 per share. Six month impairments totaled USD 3.50 million, of which USD 2.98 million was booked in the second quarter.

Balance Sheet, Loan Defaults and Risks

Mortgage notes payable, net, stood at USD 80.14 million at June 30, 2026, compared with USD 92.07 million at year end 2025, while total principal was USD 80.86 million. Cash and restricted cash totaled USD 5.90 million. The Shea Center II loan defaulted after it was not repaid by January 5, 2026, and the lender took the property through a foreclosure sale on July 1, 2026, using a USD 12.0 million Credit bid with no cash changing hands.

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

Next Steps to Monitor

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

Other signals include any decision on the remaining Series D shares, along with further property sales or defaults.