Presidio Property Trust (NASDAQ:SQFT) Posts Quarterly Earnings Results, Beats Estimates By $0.76 EPS

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

Presidio Property Trust Price Performance

Shares of Presidio Property Trust stock traded down $0.06 on Friday, hitting $0.80. The company’s stock had a trading volume of 8,002 shares, compared to its average volume of 12,368. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.17 and a current ratio of 1.17. Presidio Property Trust has a 1 year low of $0.72 and a 1 year high of $4.84. The firm has a fifty day moving average price of $1.03 and a 200-day moving average price of $2.19. The company has a market capitalization of $1.14 million, a price-to-earnings ratio of -0.09 and a beta of 1.92.

Analyst Upgrades and Downgrades

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

Presidio Property Trust Company Profile

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.