Presidio Property Trust, Inc. 8-K
Research Summary
AI-generated summary
Presidio Property Trust Suspends 9.375% Series D Preferred Dividend
What Happened
- On January 28, 2026 Presidio Property Trust, Inc. (SQFT) filed a Form 8-K reporting that it has suspended the monthly dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock. The suspension takes effect with the January 2026 dividend payment. The company attached a press release (Exhibit 99.1) announcing the action.
Key Details
- Filing date: January 28, 2026 (Form 8-K, Item 8.01).
- Affected security: 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock.
- Dividend action: Monthly dividend suspended beginning with the January 2026 payment.
- Company disclosure: Press release included as Exhibit 99.1 to the 8-K.
Why It Matters
- Holders of the Series D preferred stock will not receive the January 2026 payment and should review the company release for any guidance on future payments.
- Because the shares are described as “cumulative,” missed dividends typically accrue under the terms of the preferred shares; investors should check the prospectus/charter for how accrued payments are treated.
- This is a material cash-distribution change for preferred shareholders and may affect the market price and yield of the Series D shares; it does not, by itself, disclose other changes to common dividends or the company’s broader financial results.