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

Presidio Property Trust (NASDAQ:SQFT) announced its quarterly earnings data on Friday. The company reported ($0.84) earnings per share (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 net margin of 54.31% and a negative return on equity of 34.35%.

Presidio Property Trust Trading Down 6.5%

SQFT traded down $0.06 on Friday, reaching $0.80. 8,002 shares of the company’s stock were exchanged, compared to its average volume of 355,630. Presidio Property Trust has a twelve month low of $0.72 and a twelve month high of $4.84. The company’s 50 day moving average is $1.04 and its 200-day moving average is $2.20. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $1.14 million, a price-to-earnings ratio of -0.09 and a beta of 1.92.

Wall Street Analysts Forecast Growth

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