dividend
confidence high
sentiment negative
materiality 0.75
Presidio Property Trust suspends Series D preferred stock dividend; to preserve ~$2.3M cash annually
Presidio Property Trust, Inc.
- Monthly dividend on 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock suspended starting Jan 2026 payment (due Feb 15, 2026).
- Unpaid dividends will accrue at $0.19531 per share each month.
- Estimated cash preservation of approximately $2.3 million annually.
- CEO cites CMBS office mortgage delinquency rates above 2008 levels; company focusing on Model Home portfolio and reducing expenses.
- Board will reassess quarterly for reinstatement or payment of accrued dividends.