Presidio Property Trust (SQFT)


Market Price (8/7/2026): $2.29 | Market Cap: $3.0 MilSector: Real Estate | Industry: Diversified REITs

Presidio Property Trust (SQFT)


Market Price (8/7/2026): $2.29
Market Cap: $3.0 Mil
Sector: Real Estate
Industry: Diversified REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Weak multi-year price returns
2Y Excs Rtn is -110%, 3Y Excs Rtn is -140%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 2542%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5%, Rev Chg QQuarterly Revenue Change % is -8.5%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.6%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -340%

High stock price volatility
Vol 12M is 105%

Key risks
SQFT key risks include [1] persistent negative Funds from Operations (FFO) and cash flow challenges, Show more.

0 Weak multi-year price returns
2Y Excs Rtn is -110%, 3Y Excs Rtn is -140%
1 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 2542%
2 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5%, Rev Chg QQuarterly Revenue Change % is -8.5%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.6%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -340%
5 High stock price volatility
Vol 12M is 105%
6 Key risks
SQFT key risks include [1] persistent negative Funds from Operations (FFO) and cash flow challenges, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 8/1/2026

Presidio Property Trust (SQFT) stock has lost about 35% since 4/30/2026 because of the following key factors:

1. Significant Deterioration in Fiscal Q1 2026 Financial Results.

Presidio Property Trust reported a net loss attributable to common stockholders of approximately $(129,632), or $(0.10) per basic and diluted share, for fiscal Q1 2026 (ended March 31, 2026), a sharp decline from net income of approximately $1.7 million, or $1.31 per share, in the prior year's comparable quarter. Total revenues also decreased to roughly $3.8 million in fiscal Q1 2026 from $4.1 million in fiscal Q1 2025. Furthermore, Funds From Operations (FFO) and Core FFO were both negative, at approximately $(2.1) million and $(1.9) million, respectively, representing a significant year-over-year weakening.

2. Shrinking Asset Base and Increased Financial Burden.

The decline in revenue during fiscal Q1 2026 was notably attributed to the sale of commercial properties, including Dakota Center, which although generating a $3.4 million gain, contributed to a reduction in the company's overall asset base. The model home count also decreased from 84 to 75, with no new acquisitions during the quarter. Concurrently, interest expense rose to approximately $2.1 million in fiscal Q1 2026, including about $0.7 million in default interest on the Dakota Center loan, highlighting a higher debt service burden despite a reduction in total mortgage debt.

Show more
Updated on 8/1/2026

Presidio Property Trust (SQFT) stock has lost about 35% since 4/30/2026 because of the following key factors:

1. Significant Deterioration in Fiscal Q1 2026 Financial Results.

Presidio Property Trust reported a net loss attributable to common stockholders of approximately $(129,632), or $(0.10) per basic and diluted share, for fiscal Q1 2026 (ended March 31, 2026), a sharp decline from net income of approximately $1.7 million, or $1.31 per share, in the prior year's comparable quarter. Total revenues also decreased to roughly $3.8 million in fiscal Q1 2026 from $4.1 million in fiscal Q1 2025. Furthermore, Funds From Operations (FFO) and Core FFO were both negative, at approximately $(2.1) million and $(1.9) million, respectively, representing a significant year-over-year weakening.

2. Shrinking Asset Base and Increased Financial Burden.

The decline in revenue during fiscal Q1 2026 was notably attributed to the sale of commercial properties, including Dakota Center, which although generating a $3.4 million gain, contributed to a reduction in the company's overall asset base. The model home count also decreased from 84 to 75, with no new acquisitions during the quarter. Concurrently, interest expense rose to approximately $2.1 million in fiscal Q1 2026, including about $0.7 million in default interest on the Dakota Center loan, highlighting a higher debt service burden despite a reduction in total mortgage debt.

3. Disproportionate Underperformance as a Micro-Cap REIT.

While the broader REIT sector demonstrated positive momentum, with the FTSE Nareit All Equity Index posting a 14.9% total return year-to-date through mid-2026, micro-cap REITs, like Presidio Property Trust, significantly underperformed. In June 2026, micro-cap REITs experienced a -6.14% return, in contrast to gains seen in small, mid, and large-cap REITs. As of July 31, 2026, Presidio Property Trust had a market capitalization of approximately $3.12 million, categorizing it as a micro-cap stock particularly susceptible to market volatility and investor sentiment shifts.

4. Challenging Conditions in the Targeted Housing Market Segments.

The U.S. housing market during May-July 2026 showed a divergence, with luxury home sales rising while the starter home market, more relevant to Presidio Property Trust's model home portfolio, experienced a slowdown. Starter home sales fell 5.4% year over year in May 2026, and inventory for these homes rose 4.5%. Additionally, median list prices dropped 2.4% year over year in July 2026, marking the ninth consecutive month of annual declines in asking prices, which likely put pressure on the valuation and sales prospects for the company's properties.

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Stock Movement Drivers

Fundamental Drivers

The -36.6% change in SQFT stock from 4/30/2026 to 8/6/2026 was primarily driven by a -31.1% change in the company's P/S Multiple.
(LTM values as of)43020268062026Change
Stock Price ($)3.612.29-36.6%
Change Contribution By: 
Total Revenues ($ Mil)1716-2.1%
P/S Multiple0.30.2-31.1%
Shares Outstanding (Mil)11-6.0%
Cumulative Contribution-36.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/6/2026
ReturnCorrelation
SQFT-36.6% 
Market (SPY)6.9%-9.8%
Sector (XLRE)0.9%9.1%

Fundamental Drivers

The -4.2% change in SQFT stock from 1/31/2026 to 8/6/2026 was primarily driven by a -7.5% change in the company's Shares Outstanding (Mil).
(LTM values as of)13120268062026Change
Stock Price ($)2.392.29-4.2%
Change Contribution By: 
Total Revenues ($ Mil)1816-6.1%
P/S Multiple0.20.210.2%
Shares Outstanding (Mil)11-7.5%
Cumulative Contribution-4.2%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/6/2026
ReturnCorrelation
SQFT-4.2% 
Market (SPY)11.4%2.4%
Sector (XLRE)8.9%8.3%

Fundamental Drivers

The -59.2% change in SQFT stock from 7/31/2025 to 8/6/2026 was primarily driven by a -53.6% change in the company's P/S Multiple.
(LTM values as of)73120258062026Change
Stock Price ($)5.612.29-59.2%
Change Contribution By: 
Total Revenues ($ Mil)1816-9.8%
P/S Multiple0.40.2-53.6%
Shares Outstanding (Mil)11-2.3%
Cumulative Contribution-59.2%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/6/2026
ReturnCorrelation
SQFT-59.2% 
Market (SPY)22.6%6.6%
Sector (XLRE)11.0%5.6%

Fundamental Drivers

The -72.0% change in SQFT stock from 7/31/2023 to 8/6/2026 was primarily driven by a -67.3% change in the company's P/S Multiple.
(LTM values as of)73120238062026Change
Stock Price ($)8.192.29-72.0%
Change Contribution By: 
Total Revenues ($ Mil)1716-4.9%
P/S Multiple0.60.2-67.3%
Shares Outstanding (Mil)11-9.9%
Cumulative Contribution-72.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/6/2026
ReturnCorrelation
SQFT-72.0% 
Market (SPY)73.8%0.4%
Sector (XLRE)28.9%2.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SQFT Return2%-73%20%-22%-58%-31%-93%
Peers Return38%-18%1%2%8%16%46%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
SQFT Win Rate67%33%42%58%33%38% 
Peers Win Rate70%42%43%47%58%65% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SQFT Max Drawdown-32%-75%-54%-64%-93%-45% 
Peers Max Drawdown-10%-33%-29%-17%-17%-11% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: WPC, BNL, GOOD, O, STAG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/6/2026 (YTD)

How Low Can It Go

EventSQFTS&P 500
2025 US Tariff Shock
  % Loss-90.7%-18.8%
  % Gain to Breakeven980.2%23.1%
  Time to Breakeven60 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-40.3%-9.5%
  % Gain to Breakeven67.6%10.5%
  Time to Breakeven26 days24 days
2023 SVB Regional Banking Crisis
  % Loss-26.3%-6.7%
  % Gain to Breakeven35.7%7.1%
  Time to Breakeven205 days31 days

Compare to WPC, BNL, GOOD, O, STAG

In The Past

Presidio Property Trust's stock fell -90.7% during the 2025 US Tariff Shock. Such a loss loss requires a 980.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSQFTS&P 500
2025 US Tariff Shock
  % Loss-90.7%-18.8%
  % Gain to Breakeven980.2%23.1%
  Time to Breakeven60 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-40.3%-9.5%
  % Gain to Breakeven67.6%10.5%
  Time to Breakeven26 days24 days
2023 SVB Regional Banking Crisis
  % Loss-26.3%-6.7%
  % Gain to Breakeven35.7%7.1%
  Time to Breakeven205 days31 days

Compare to WPC, BNL, GOOD, O, STAG

In The Past

Presidio Property Trust's stock fell -90.7% during the 2025 US Tariff Shock. Such a loss loss requires a 980.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Presidio Property Trust (SQFT)

Presidio Property Trust (SQFT) is an internally managed Real Estate Investment Trust (REIT) that specializes in acquiring, owning, and managing a geographically diversified portfolio of income-generating real estate assets throughout the United States. As a REIT, its core business involves generating revenue primarily through the leasing of its properties to a variety of tenants, focusing on maintaining a balanced and diversified asset base.

The company's primary "products" are the leasable spaces within its diverse property types. Its portfolio encompasses model home residential properties, which are leased to homebuilders, as well as traditional commercial real estate. Specifically, Presidio Property Trust owns and manages ten office buildings, one industrial property totaling nearly one million rentable square feet, and four retail shopping centers, providing approximately 131,722 rentable square feet of commercial space.

Presidio Property Trust serves a broad array of customers and markets. Its model home properties are primarily utilized by homebuilders, making them a key customer segment. For its office and industrial properties, the company's customers are various businesses seeking commercial space for their operations. The retail shopping centers cater to retailers and other commercial businesses that serve local consumer markets. This multi-sector approach allows the company to engage with a diverse tenant base across different industries and geographical regions within the U.S.

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Here are a few brief analogies for Presidio Property Trust (SQFT):

  • WeWork for model homes
  • Blackstone Real Estate with a model home focus
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  • Model Home Residential Properties: The company owns and manages model homes, which are leased to homebuilders.
  • Office Buildings: The company owns and manages a portfolio of office buildings.
  • Industrial Properties: The company owns and manages industrial real estate assets.
  • Retail Shopping Centers: The company owns and manages retail shopping centers.

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Presidio Property Trust (SQFT) sells primarily to other companies.

Based on the provided background information, the specific names of its major customers are not listed. However, its customers fall into the following categories of businesses:

  • Homebuilders: These companies lease model home residential properties from Presidio Property Trust.
  • Office Tenants: Various businesses that lease office buildings from Presidio Property Trust.
  • Industrial Tenants: Various businesses that lease industrial properties from Presidio Property Trust.
  • Retail Tenants: Various businesses that lease retail shopping centers from Presidio Property Trust.

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  • KPMG LLP

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Jack Kendrick Heilbron, Chairman, President & Chief Executive Officer

Mr. Heilbron has served as a director and officer of Presidio Property Trust since its inception in 1999, when it was known as NetREIT. He also served as Chairman, CEO, and President of NetREIT Dubose Model Home REIT, Inc. since its inception, and as CEO, President, and/or Managing Member of NetREIT Advisors, LLC, Dubose Advisors, LLC, and NTR Property Management, Inc. since their inceptions. Mr. Heilbron was a founding officer, director, and shareholder of the former CI Holding Group, Inc. and its subsidiary corporations, and currently serves as CEO and Chairman of Centurion Counsel, Inc., a licensed investment advisor. From 1994 until its dissolution in 1999, he also served as Chairman and/or Director of Clover REIT.

Edwin H. Bentzen IV, Chief Financial Officer

Mr. Bentzen joined Presidio Property Trust as Chief Accounting Officer in March 2021 and was appointed Chief Financial Officer in September 2023. Prior to joining the company, Mr. Bentzen served as Chief Financial Officer and Chief Operations Officer for Crystal View Capital Management in 2020, and as a Chief Financial Officer/Finance consultant for various clients, including real estate development companies, from 2018 to 2020. He also held the position of Chief Financial Officer for a non-traded REIT, The Parking REIT (formerly MVP REIT and MVP REIT II), from 2016 to 2018.

Gary Morris Katz, Chief Investment Officer

Mr. Katz joined Presidio Property Trust in 2010 and was named Chief Investment Officer effective December 16, 2021. He is responsible for overseeing the company's investment and asset management functions, including acquisitions, leasing, and management of the portfolio. With over 30 years of experience in commercial real estate, Mr. Katz previously held senior acquisition, leasing, and development roles at various institutions such as Westcore Properties, Legacy Partners, Lincoln Property Company, Kemper Real Estate Management Company, Bedford Properties, and Meyer Investment Properties.

Steve Hightower, President, Model Home Division

Mr. Hightower joined Presidio Property Trust as Executive Vice President in 2010 and was promoted to President, Model Home Division, in December 2021. He is responsible for overseeing the company's Model Home Division, including acquisitions, resales, and management of its residential real estate portfolio. Mr. Hightower has over 26 years of experience in real estate specializing in model home related transactions, having previously served as Executive Vice President of Dubose Model Homes, USA.

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The key risks to Presidio Property Trust (SQFT) are primarily centered around its financial health, the broader real estate market, and its small market capitalization.

  1. High Financial Leverage and Debt: Presidio Property Trust faces substantial risk due to its significant financial leverage. As of the third quarter of 2025, the company had a debt-to-equity ratio of 319.3%, indicating a high reliance on borrowing. This level of debt creates considerable financial strain, impacting profitability and increasing vulnerability to interest rate fluctuations. Evidence of this strain includes the company's unprofitability on a net basis and the suspension of monthly dividends on its Series D preferred stock starting January 2026. Furthermore, a subsidiary, NetREIT SC II, LLC, received a default notice on a significant loan and subsequently had a receiver appointed over its Shea Center II property in early 2026 due to the failure to repay the indebtedness.
  2. Challenging Real Estate Market Conditions: The company's diversified real estate portfolio is exposed to headwinds in both the commercial and residential sectors. The commercial real estate market, particularly office space, has been challenging, leading to a decrease in rental income and strategic sales of commercial properties. Additionally, its core model home leasing business, which involves properties leased to homebuilders primarily in the Sun Belt, is threatened by weakness in the housing market. Elevated interest rates have pressured homebuilders, directly impacting demand for model home leases.
  3. Extreme Illiquidity and Volatility Due to Micro-Cap Status: Presidio Property Trust operates with an ultra-small market capitalization, which has been noted as approximately $7.47 million in August 2025 and $3.986 million in March 2026. This micro-cap status results in extreme illiquidity and high volatility risks for investors. Such a small market cap can limit the company's ability to raise capital and can lead to significant price swings, making the stock a higher-risk investment.

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  • The widespread and increasing adoption of remote and hybrid work models by businesses, reducing the demand for traditional office space and impacting occupancy rates and rental income for its office buildings.
  • The accelerating shift of consumer spending from physical retail stores to e-commerce platforms, leading to decreased foot traffic, tenant bankruptcies, and pressure on rental income for its retail shopping centers.

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Presidio Property Trust (NASDAQ: SQFT) is expected to drive future revenue growth over the next two to three years primarily through strategic initiatives focused on its model home portfolio.

  1. Expansion of the Model Home Portfolio through Acquisitions: The company has explicitly stated its focus on growing its model home portfolio and has actively acquired new properties in this segment. For example, in Q2 2025, Presidio acquired 10 new model homes, which directly contributes to an increase in rental income-generating assets.
  2. Increased Rental Income and Occupancy within the Model Home Segment: As the model home portfolio expands, a key driver will be realizing increased rental income from these properties. Maintaining a high lease retention rate, which was 90% in Q2 2025, for both existing and newly acquired model homes is crucial for sustained revenue growth.
  3. Strategic Geographic Expansion of the Model Home Portfolio: Presidio Property Trust is expanding the geographic footprint of its model home division. Recent acquisitions in states such as Texas, Alabama, and Tennessee indicate a strategy to tap into new residential markets, thereby diversifying and increasing its potential for rental revenue.
  4. Optimization of the Model Home Portfolio: The company is actively managing its model home assets through both acquisitions and selective dispositions. This strategy aims to enhance the overall quality and revenue-generating potential of the portfolio by focusing on higher-performing properties, contributing to long-term revenue growth.

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Share Repurchases

  • On December 19, 2024, Presidio Property Trust's Board of Directors authorized a share repurchase program allowing the company to repurchase up to $6 million of its Series A Common Stock and up to $4 million of its Series D Preferred Stock.
  • In September 2021, the company announced a share repurchase program to buy back up to $10 million worth of its outstanding common A shares.
  • The company commenced a tender offer on April 8, 2025, to repurchase up to 2,000,000 shares, plus all odd lots, of its Series A Common Stock, with final results announced on May 14, 2025.

Share Issuance

  • Presidio Property Trust offered 800,000 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock.
  • A follow-on equity offering totaling approximately $1.42 million was filed on October 14.

Inbound Investments

  • Armistice Capital, LLC reported a beneficial ownership of 159,722 shares of Presidio Property Trust, Inc. Series A common stock, representing a 9.99% stake as of December 31, 2025.

Outbound Investments

  • Presidio Property Trust is the sponsor of Murphy Canyon Acquisition Corp. (NASDAQ: MURF), a Special Purpose Acquisition Company (SPAC) that holds approximately $23.5 million in trust for the purpose of a business combination.

Capital Expenditures

  • Specific dollar values for capital expenditures over the last 3-5 years are not explicitly detailed in the provided search results.

Better Bets vs. Presidio Property Trust (SQFT)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SQFTWPCBNLGOODOSTAGMedian
NamePresidio.W.P. Car.Broadsto.Gladston.Realty I.Stag Ind. 
Mkt Price2.2971.8521.1612.9162.3636.8028.98
Mkt Cap0.016.24.00.658.17.05.5
Rev LTM161,7914761705,970881678
Op Inc LTM0947237652,732333285
FCF LTM-01,221257704,166371314
FCF 3Y Avg11,425254703,693378316
CFO LTM-01,221283704,166476380
CFO 3Y Avg11,425281703,693449365

Growth & Margins

SQFTWPCBNLGOODOSTAGMedian
NamePresidio.W.P. Car.Broadsto.Gladston.Realty I.Stag Ind. 
Rev Chg LTM-9.8%9.0%7.7%10.8%10.0%9.6%9.3%
Rev Chg 3Y Avg-1.5%2.5%2.5%4.0%17.6%8.9%3.3%
Rev Chg Q-8.5%7.0%8.3%11.3%6.6%8.1%7.6%
QoQ Delta Rev Chg LTM-2.1%1.7%2.0%2.7%1.5%1.9%1.8%
Op Inc Chg LTM106.9%16.4%9.3%16.9%15.5%12.7%15.9%
Op Inc Chg 3Y Avg-24,128.5%7.2%3.3%10.3%22.9%13.9%8.7%
Op Mgn LTM0.2%52.9%49.8%38.1%45.8%37.8%41.9%
Op Mgn 3Y Avg-0.9%49.9%49.5%36.3%44.0%36.5%40.2%
QoQ Delta Op Mgn LTM-0.3%0.2%-1.1%1.4%0.5%-0.3%-0.0%
CFO/Rev LTM-2.6%68.2%59.4%41.2%69.8%54.1%56.8%
CFO/Rev 3Y Avg3.2%84.7%62.9%44.9%69.0%55.7%59.3%
FCF/Rev LTM-2.6%68.2%54.0%41.2%69.8%42.1%48.1%
FCF/Rev 3Y Avg3.2%84.7%56.8%44.9%69.0%47.0%51.9%

Valuation

SQFTWPCBNLGOODOSTAGMedian
NamePresidio.W.P. Car.Broadsto.Gladston.Realty I.Stag Ind. 
Mkt Cap0.016.24.00.658.17.05.5
P/S0.29.18.53.79.78.08.2
P/Op Inc77.817.117.09.621.321.119.1
P/EBIT-1.316.215.98.922.718.016.0
P/E-0.324.927.725.245.928.526.5
P/CFO-7.213.314.38.914.014.813.6
Total Yield-335.6%9.0%9.0%15.2%7.3%7.0%8.2%
Dividend Yield0.0%5.0%5.4%11.2%5.2%3.4%5.1%
FCF Yield 3Y Avg81.8%10.5%7.8%11.4%7.1%5.5%9.1%
D/E27.10.50.71.40.50.50.6
Net D/E25.40.50.71.40.50.50.6

Returns

SQFTWPCBNLGOODOSTAGMedian
NamePresidio.W.P. Car.Broadsto.Gladston.Realty I.Stag Ind. 
1M Rtn-10.5%0.9%-1.1%3.8%-2.2%-5.9%-1.6%
3M Rtn-34.9%-1.5%8.0%4.0%2.2%-3.9%0.4%
6M Rtn5.0%3.4%12.4%15.9%1.0%-4.6%4.2%
12M Rtn-57.0%17.0%34.5%9.3%15.6%10.1%12.8%
3Y Rtn-71.7%29.6%56.7%25.6%22.6%13.6%24.1%
1M Excs Rtn-6.0%-1.2%-6.2%1.1%-4.0%-7.7%-5.0%
3M Excs Rtn-38.3%-6.1%3.2%2.2%-6.0%-8.3%-6.1%
6M Excs Rtn-9.8%-6.6%3.3%3.6%-9.6%-15.9%-8.1%
12M Excs Rtn-82.6%-7.7%11.1%-14.5%-7.4%-13.7%-10.7%
3Y Excs Rtn-140.2%-38.3%-12.0%-41.4%-47.2%-53.3%-44.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Office/Industrial Properties1212121313
Model Home Properties44433
Retail Properties12223
Corporate and Other00   
Total1719181819


Net Income by Segment
$ Mil20252024
Office/Industrial Properties6-3
Model Home Properties41
Corporate and Other1-24
Retail Properties01
Total11-26


Assets by Segment
$ Mil20252024202320222021
Office/Industrial Properties6976787976
Model Home Properties3738513531
Other assets, net11113015219
Retail Properties517171728
Cash, cash equivalents and restricted cash01097
Total122143176291161


Price Behavior

Price Behavior
Market Price$2.29 
Market Cap ($ Bil)0.0 
First Trading Date10/07/2020 
Distance from 52W High-74.2% 
   50 Days200 Days
DMA Price$2.65$3.36
DMA Trenddowndown
Distance from DMA-13.5%-31.9%
 3M1YR
Volatility74.2%105.9%
Downside Capture38.6760.23
Upside Capture-164.94-51.97
Correlation (SPY)-7.5%6.4%
SQFT Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-1.14-0.95-0.780.120.500.14
Up Beta-1.940.670.910.270.85-3.80
Down Beta-0.81-1.79-1.332.011.740.30
Up Capture-193%-159%-155%-38%-31%36%
Bmk +ve Days11223567138427
Stock +ve Days7162655114313
Down Capture15%-30%3%-57%73%107%
Bmk -ve Days11212859114326
Stock -ve Days8192961126410

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SQFT
SQFT-58.7%106.4%-0.39-
Sector ETF (XLRE)10.0%14.1%0.455.1%
Equity (SPY)23.5%12.9%1.377.2%
Gold (GLD)25.3%28.3%0.79-2.0%
Commodities (DBC)32.4%19.8%1.30-6.2%
Real Estate (VNQ)12.9%13.8%0.645.1%
Bitcoin (BTCUSD)-43.6%43.0%-1.2112.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SQFT
SQFT-40.2%431.2%0.37-
Sector ETF (XLRE)2.6%19.1%0.042.6%
Equity (SPY)13.2%17.2%0.591.6%
Gold (GLD)17.9%18.5%0.783.2%
Commodities (DBC)8.0%19.6%0.31-0.8%
Real Estate (VNQ)2.3%18.9%0.022.3%
Bitcoin (BTCUSD)10.0%53.0%0.383.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SQFT
SQFT-23.0%401.5%0.35-
Sector ETF (XLRE)6.2%20.4%0.262.5%
Equity (SPY)15.3%17.9%0.731.6%
Gold (GLD)11.8%16.2%0.593.1%
Commodities (DBC)7.4%18.0%0.33-0.4%
Real Estate (VNQ)4.9%20.7%0.202.3%
Bitcoin (BTCUSD)58.3%66.2%0.983.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 6302026-2.2%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest7.3 days
Basic Shares Quantity1.3 Mil
Short % of Basic Shares3.1%

Earnings Returns History

Updated 6/22/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/18/20261.6%16.4%-6.9%
3/30/2026-5.7%0.4%50.4%
11/14/2025-1.8%-7.8%-32.0%
8/14/2025-2.5%-5.7%6.9%
5/14/2025-3.2%878.8%629.8%
8/14/2024-4.4%-3.7%9.6%
5/15/2024-1.9%-5.8%-15.5%
11/15/20230.0%77.8%141.2%
...
SUMMARY STATS   
# Positive889
# Negative111110
Median Positive0.9%8.0%9.6%
Median Negative-3.2%-5.7%-7.8%
Max Positive9.2%878.8%629.8%
Max Negative-7.4%-12.6%-47.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/18/20261.6%16.4%-6.9%
3/30/2026-5.7%0.4%50.4%
11/14/2025-1.8%-7.8%-32.0%
8/14/2025-2.5%-5.7%6.9%
5/14/2025-3.2%878.8%629.8%
8/14/2024-4.4%-3.7%9.6%
5/15/2024-1.9%-5.8%-15.5%
11/15/20230.0%77.8%141.2%
8/15/2023-0.6%-2.9%-6.6%
5/16/2023-5.3%1.4%4.0%
3/29/20234.3%6.3%-5.8%
11/14/20220.4%2.2%0.4%
8/11/20220.8%-1.4%-47.2%
5/17/2022-5.2%-8.6%-8.8%
3/31/2022-1.3%-1.1%-9.2%
11/12/20210.8%-0.5%4.1%
8/10/2021-7.4%-12.6%-2.2%
5/11/20210.9%-6.4%34.1%
11/5/20209.2%9.7%-3.2%
SUMMARY STATS   
# Positive889
# Negative111110
Median Positive0.9%8.0%9.6%
Median Negative-3.2%-5.7%-7.8%
Max Positive9.2%878.8%629.8%
Max Negative-7.4%-12.6%-47.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202503/27/202610-K
09/30/202511/12/202510-Q
06/30/202508/14/202510-Q
03/31/202505/14/202510-Q
12/31/202403/31/202510-K
09/30/202411/19/202410-Q
06/30/202408/14/202410-Q
03/31/202405/14/202410-Q
12/31/202304/16/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/28/202310-K
09/30/202211/10/202210-Q
06/30/202208/11/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202503/27/202610-K
09/30/202511/12/202510-Q
06/30/202508/14/202510-Q
03/31/202505/14/202510-Q
12/31/202403/31/202510-K
09/30/202411/19/202410-Q
06/30/202408/14/202410-Q
03/31/202405/14/202410-Q
12/31/202304/16/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/28/202310-K
09/30/202211/10/202210-Q
06/30/202208/11/202210-Q
03/31/202205/16/202210-Q
12/31/202103/30/202210-K
09/30/202111/12/202110-Q
06/30/202108/10/202110-Q
03/31/202105/10/202110-Q
12/31/202003/30/202110-K
09/30/202011/05/202010-Q
06/30/202008/12/202010-Q
03/31/202005/15/202010-Q
12/31/201903/13/202010-K
09/30/201911/12/201910-Q
06/30/201908/19/201910-Q

Recent Forward Guidance

Updated 8/3/2026

Latest: Q1 2026 Earnings Reported 5/18/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 CEO Salary Reduction 0.05    
2026 Interest Expense      

null

Insider Activity

Updated 6/17/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Durfey, James Robert DirectSell61720262.632,5006,57323,894Form
2Heilbron, Jack KendrickChief Executive OfficerDirectSell41320263.925,88423,065447,190Form
3Durfey, James Robert DirectSell41320263.891,0003,89045,077Form
4Heilbron, Jack KendrickChief Executive Officerpurchased by Puppy ToesBuy122920252.8210,00028,20070,672Form
5Heilbron, Jack KendrickChief Executive Officerpurchased by Puppy ToesBuy1224202514.781,00014,780172,379Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Durfey, James Robert DirectSell61720262.632,5006,57323,894Form
2Heilbron, Jack KendrickChief Executive OfficerDirectSell41320263.925,88423,065447,190Form
3Durfey, James Robert DirectSell41320263.891,0003,89045,077Form
4Heilbron, Jack KendrickChief Executive Officerpurchased by Puppy ToesBuy122920252.8210,00028,20070,672Form
5Heilbron, Jack KendrickChief Executive Officerpurchased by Puppy ToesBuy1224202514.781,00014,780172,379Form
6Heilbron, Jack KendrickChief Executive OfficerPurchased by Puppy ToesBuy121820253.2910,00032,90049,551Form
7Heilbron, Jack KendrickChief Executive OfficerDirectBuy90420254.721,0004,720478,802Form
8Heilbron, Jack KendrickChief Executive OfficerDirectBuy90420254.775552,647479,104Form
9Heilbron, Jack KendrickChief Executive OfficerDirectBuy82620254.891,2005,868488,443Form
10Heilbron, Jack KendrickChief Executive OfficerDirectBuy82220254.91100491484,548Form
11Heilbron, Jack KendrickChief Executive OfficerPurchased by Puppy ToesBuy62320254.20208465,688Form
12Heilbron, Jack KendrickChief Executive OfficerPuppy ToesBuy61220254.391,0004,39068,572Form
13Heilbron, Jack KendrickChief Executive OfficerPuppy ToesBuy61220254.712851,34268,860Form
Core Cache Last Updated: 8/6/2026