Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 170

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 170
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707  $15,743,789 
 Total assets (2)  $4,703,901  $16,673,605 
 Reconciliation to Total Assets:         
 Total assets for reportable segments  $116,396,420  $131,133,231 
 Corporate and other assets:         
 Cash, cash equivalents and restricted cash   1,243,312   564,922 
 Other assets, net   10,760,681   10,871,497 
 Total Assets  $128,400,413  $142,569,650 

    (1)  Includes lease intangibles. 

    (2)  Includes land, buildings and improvements, cash, cash equivalents, and restricted cash, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis. 

       For the Six Months Ended June 30,  
 Capital Expenditures by Reportable Segment   2025    2024  
 Office/Industrial Properties:         
 Capital expenditures and tenant improvements, office  $709,531  $1,010,815 
 Model Home Properties:         
 Acquisition of operating properties, model home   9,444,465   5,740,918 
 Retail Properties:         
 Capital expenditures and tenant improvements, retail   —   203,121 
 Totals:         
 Acquisition of operating properties, net   9,444,465   5,740,918 
 Capital expenditures and tenant improvements   709,531   1,213,936 
 Total real estate investments  $10,153,996  $6,954,854 

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   14. INCOME TAX PROVISION
    
   We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, commencing with the taxable year ended  December 31, 2000. As a REIT, U.S. federal income tax law generally requires us to distribute annually at least 90% of our REIT taxable income, without regard to the deduction for dividends paid and excluding net capital gains, and that we pay tax at regular corporate rates to the extent that we annually distribute less than 100% of our net taxable income. We are also subject to U.S. federal, state and