Praetorian Property Inc (PRRE) Earnings

Praetorian Property, Inc. engages in the acquisition, rehabilitation, sale, lease, and development of real estate. The company is headquartered in Scottsdale, Arizona and currently employs 2 full-time employees. The company went IPO on 2012-05-15. The firm is engaged in the business of acquiring a portfolio of distressed properties in certain areas at discounts, rehabilitating its properties and selling or leasing them. The company caters to the real estate needs of the regulated cannabis industry, in states and other locations. The firm intends to purchase real estate assets, and lease growing space and related facilities to licensed marijuana growers and dispensary owners for their operations. The company owns approximately 70 properties, which include over 50 rehabilitated and sold or are under contract for sale and over 10 rehabilitated and are listed for sale. The remaining approximately 10 properties are in the process of rehabilitation. The company owns approximately three classes of real estate, including single family, multi-family and commercial, which are located in Florida, Illinois, California, Ohio, Michigan and Washington.