Presidio Property Trust Q2 FFO $(0.04) Down From $(0.02) YoY, Sales $4.59M Up From $4.54M YoY
Portfolio Pulse from Benzinga Newsdesk
Presidio Property Trust (NASDAQ:SQFT) reported a Q2 FFO loss of $(0.04) per share, a significant decrease from $(0.02) per share YoY. Sales increased slightly to $4.59M from $4.54M YoY.

August 14, 2024 | 8:52 pm
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Presidio Property Trust reported a Q2 FFO loss of $(0.04) per share, a significant decrease from $(0.02) per share YoY. Sales increased slightly to $4.59M from $4.54M YoY.
The significant increase in quarterly losses (FFO) from $(0.02) to $(0.04) per share is likely to negatively impact investor sentiment. Although sales increased slightly, the widening losses are a more critical factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100