Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 107

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 107
---
 unable to arrange a line of credit, borrow on properties, privately place securities or sell securities to the public, we may not be able to acquire additional properties to meet our long-term objectives.

For the six months ended June 30, 2025 and 2024, the Company did not declare a cash dividend on shares of Series A Common Stock. For the six months ended June 30, 2025 and 2024, the Company declared and paid approximately $1.2 million and $1.1 million, respectively, in cash dividends on shares of Series D Preferred Stock. Cash permitting, the Company intends to continue to pay dividends on a monthly basis to holders of our Series D Preferred Stock going forward, but there can be no guarantee the Board of Directors will approve any future dividends.  The Company has not decided when it will resume dividends to our common stockholders on a quarterly basis. The following is a summary of distributions declared per share of our Series A Common Stock and for our Series D Preferred Stock for the six months ended June 30, 2025 and 2024.

Series A Common Stock:

      Quarter Ended 
      
      2025 

      2024 

      Distributions Declared 

      Distributions Declared 

      March 31 
      
     $
     —

     $
     —

      June 30 

     —

     —

      Total 
      
     $
     —

     $
     —

Series D Preferred Stock:

      Month 
      
      2025 

      2024 

      Distributions Declared 

      Distributions Declared 

      January 
      
     $
     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

      Total 
      
     $
     1.17186

     $
     1.17186

Cash Equivalents and Restricted Cash

At June 30, 2025 and December 31, 2024, we had approximately $7.3 million and $8