Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1269

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1269
---
0.19531

     $
     0.19531

      February 

     0.19531

     0.19531

      March 

     0.19531

     0.19531

      April 

     0.19531

     0.19531

      May 

     0.19531

     0.19531

      June 

     0.19531

     0.19531

      July 

     0.19531

     0.19531

      August 

     0.19531

     0.19531

      September 

     0.19531

     0.19531

      October 

     0.19531

     0.19531

      November 

     0.19531

     0.19531

      December 

     0.19531

     0.19531

      Total 
      
     $
     2.34372

     $
     2.34372

      61

Cash, Cash Equivalents and Restricted Cash

At December 31, 2024 and December 31, 2023, we had approximately $8.0 million and $6.5 million in cash equivalents, respectively, including $5.0 million and $3.7 million of restricted cash, respectively. Our cash equivalents and restricted cash consist of invested cash, cash in our operating accounts and cash held in bank accounts at third-party institutions. During the years ended December 31, 2024 and 2023, we did not experience any loss or lack of access to our cash or cash equivalents. Approximately $1.7 million of our cash and restricted cash balance is intended for capital expenditures on existing properties (including deposits held in reserve accounts by our lenders) over the next 12 months.  We intend to use the remainder of our existing cash and cash equivalents for asset/property acquisitions, reduction of principal debt, general corporate purposes, common stock repurchases (if market conditions are met),or dividends to our stockholders.

Secured Debt

As of December 31, 2024, all our commercial properties, except 300 NP which has no debt, had fixed-rate mortgage notes payable in the aggregate principal amount of $76.8 million, collateral