Presidio Property Trust (NASDAQ:SQFTP) Shares Down 4% – Here’s Why

Shares of Presidio Property Trust, Inc. (NASDAQ:SQFTP) were down 4% during trading on Monday . The stock traded as low as $5.87 and last traded at $6.7950. Approximately 4,030 shares traded hands during trading, a decline of 71% from the average daily volume of 13,822 shares. The stock had previously closed at $7.08.

Presidio Property Trust Trading Down 0.6%

The company’s fifty day moving average is $5.93 and its 200 day moving average is $11.89.

About Presidio Property Trust

Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing several properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19.