Presidio Property Trust (SQFT) Expected to Announce Earnings on Friday

Presidio Property Trust (NASDAQ:SQFT) is projected to issue its results before the market opens on Friday, November 6th. Analysts expect Presidio Property Trust to announce earnings of ($1.60) per share and revenue of $5.54 million for the quarter.

Presidio Property Trust (NASDAQ:SQFT) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($3.33) earnings per share for the quarter. Presidio Property Trust had a negative return on equity of 34.35% and a negative net margin of 54.31%. The firm had revenue of $3.82 million for the quarter.

Presidio Property Trust Stock Performance

NASDAQ:SQFT opened at $0.87 on Thursday. The stock has a market capitalization of $1.24 million, a P/E ratio of -0.10 and a beta of 1.92. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 3.74. Presidio Property Trust has a 1 year low of $0.72 and a 1 year high of $6.40. The firm has a 50 day moving average of $1.13 and a 200-day moving average of $2.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Presidio Property Trust

Presidio Property Trust, Inc is a real estate investment trust that acquires, owns, and manages a diversified portfolio of commercial and residential properties in the United States. Its real estate activities are focused primarily on income-producing properties, with holdings that have included office, industrial, retail, and multifamily residential assets.

The company seeks to generate revenue through property rentals and related real estate operations. Its commercial properties serve business tenants across multiple industries, while its residential portfolio consists of multifamily communities that provide housing to individual and family residents.

Presidio Property Trust was formerly known as NetREIT, Inc and adopted its current name in 2019.