Palmetto Real Estate Trust
PTTTS
Other OTC7.24
USD
- -
- -
ISIN
US6971161012
CUSIP
697116101
Return %
Stock
S&P500
1Y
3.28
26.84
3Y
-0.82
77.03
5Y
-6.58
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- C. Laney Younts
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 45 Liberty Lane Greenville SC United States of America 29607
- IPO Date
- Sep 25, 2012
- Website
- palmetto-trust.com
- Similar Companies
- Business
- Palmetto Real Estate Trust operates as a real estate investment trust primarily engaged in the ownership, development, and leasing of commercial retail properties. Its core portfolio consists of retail centers including restaurants, dry cleaning establishments, department stores, and convenience food outlets, with a significant concentration in South Carolina. The company generates substantial revenue from tenants in its shopping centers, managing properties that span ownership, development, and rental activities. Founded with headquarters in Greenville, South Carolina, Palmetto Real Estate Trust is structured as a qualified REIT under U.S. tax law. In recent developments, the company has maintained steady operational performance through the first half of 2025, reporting half-year revenues of approximately $1.5 million and net income near $0.94 million. A notable update is Palmetto Real Estate Trust's continuing focus on regional retail properties without major expansions or acquisitions reported in the last 1-2 years, emphasizing consistent income generation from its existing property base. The trust declared a quarterly dividend payable in November 2025, reflecting its commitment to shareholder returns. Its business approach remains centered on the South Carolina market, leveraging tenant stability and property management efficiencies. Palmetto Real Estate Trust targets retail tenants and investors interested in stable income-producing real estate assets within regional markets. The firm’s product offering includes well-maintained retail real estate and professional management services designed to maximize occupant retention and rental income. The company’s operational footprint is primarily within South Carolina, supporting regional commercial real estate demand. Executive leadership continues to drive strategic property management and leasing initiatives, sustaining its position as a regional retail REIT. Overall, Palmetto Real Estate Trust sustains a focused real estate investment strategy characterized by ownership and rental of retail properties in South Carolina, with its latest financial reporting indicating steady income and dividend payments, but no significant new ventures or acquisitions in 2025. This positions the firm as a specialized regional retail REIT with a measured growth and income-generation profile.