Presidio Property Trust (NASDAQ:SQFT) Posts Earnings Results

Presidio Property Trust (NASDAQ:SQFT) released its earnings results on Friday. The company reported ($0.84) EPS for the quarter, beating the consensus estimate of ($1.60) by $0.76, FiscalAI reports. The company had revenue of $2.98 million during the quarter, compared to analysts’ expectations of $5.54 million. Presidio Property Trust had a negative return on equity of 34.35% and a negative net margin of 54.31%.

Presidio Property Trust Stock Performance

NASDAQ:SQFT traded down $0.06 during trading hours on Friday, reaching $0.80. 8,002 shares of the stock were exchanged, compared to its average volume of 355,630. The stock has a market capitalization of $1.14 million, a P/E ratio of -0.09 and a beta of 1.92. The firm has a 50 day simple moving average of $1.04 and a 200-day simple moving average of $2.20. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 3.74. Presidio Property Trust has a 52 week low of $0.72 and a 52 week high of $4.84.

Wall Street Analyst Weigh In

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