Commercial REIT Presidio Property Trust sets terms for $8 million IPO

Commercial REIT Presidio Property Trust sets terms for $8 million IPO

Presidio Property Trust, a diversified REIT repositioning its portfolio to focus on office and industr

Elite Commercial Reit IPO’s public offer oversubscribed, Companies & Markets
Frasers Commercial Trust obtains S$100m sustainability-linked loan, Companies & Markets
FinMin’s new measures to protect prudent commercial decision of bankers

Presidio Property Trust, a diversified REIT repositioning its portfolio to focus on office and industrial properties, announced terms for its IPO on Thursday. The company originally filed in September 2017.

The San Deigo, CA-based company plans to raise $8 million by offering 1.3 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Presidio Property Trust would command a market value of $61 million. 

Presidio Property Trust was founded in 1999 and booked $28 million in revenue for the 12 months ended March 31, 2020. It plans to list on the Nasdaq under the symbol SQFT. Aegis Capital Corp. is the sole bookrunner on the deal.

The article Commercial REIT Presidio Property Trust sets terms for $8 million IPO originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital’s Renaissance…

Click here for the full story.

COMMENTS

WORDPRESS: 0
DISQUS: