Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 195

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 3
Chunk 195
---

     $
     4.88

     11,403

     $
     5,879,885

Stock repurchases for Series D Preferred Stock.

      Month 
      
      Total Number of Shares Purchased 

      Average Price Paid Per Share 

      Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs 

      Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs 

      July 2025 

     —

     $
     —

     —

     $
     3,631,303

      August 2025 

     —

     —

     —

     3,631,303

      September 2025 

     —

     —

     —

     3,631,303

      Total 

     —

     $
     —

     —

     $
     3,631,303

       48

Item 3. Defaults Upon Senior Securities.

On March 13, 2025, we received notice of a maturity date default of a loan in the original principal amount of $11.1 million evidenced by a promissory note issued on June 9, 2014. The loan is secured by the Dakota Center in Fargo, North Dakota.

As a result of the default, the Company is required to pay the default interest rate that is 5% above the original interest rate and the lender’s expenses related to the loan, including third party report fees, attorneys’ fees and loan servicing expenses.  As of the date of this report, the amount of the default is approximately $9.1 million. Additionally, the lender is holding approximately $0.6 million in restricted cash sweep accounts as of September 30, 2025.

Item 4. Mine Safety Disclosures

None. 

   Item 5. Other Information.
    
   During the nine months ended  September 30, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

       49

Item 6. Exhibits.

      Exhibit Number 
      
      Description 

      31.1 
      
      Certificate of the Company's Chief Executive Officer (Principal Executive Officer) pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with