Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 196

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 196
---
 and Other    Total  
 Revenues:                     
 Rental income  $1,881,780  $11,367,853  $4,142,764  $—  $17,392,397 
 Fees and other income   2,550   207,102   (10,635)  44,200   243,217 
 Total revenue   1,884,330   11,574,955   4,132,129   44,200   17,635,614 
 Costs and expenses:                     
 Rental operating costs   537,389   5,901,042   156,493   (632,006)  5,962,918 
 General and administrative   —   18,691   865,368   5,906,373   6,790,432 
 Depreciation and amortization   456,277   3,912,202   1,015,691   41,569   5,425,739 
 Impairment of goodwill and real estate assets   —   1,966,113   431,984   849,000   3,247,097 
 Total costs and expenses   993,666   11,798,048   2,469,536   6,164,936   21,426,186 
 Other income (expense):                     
 Interest expense - mortgage notes   (588,405)  (2,744,996)  (1,668,855)  (2,633)  (5,004,889)
 Interest and other income, net   —   —   (27,775)  1,463,073   1,435,298 
 Net gain in Conduit Pharmaceuticals marketable securities (see footnote 9)   —   —   —   (23,359,774)  (23,359,774)
 Gain on deconsolidation of SPAC (see footnote 9)   —   —   —   40,321,483   40,321,483 
 Gain on sales of real estate, net   —   —   3,240,200   —   3,240,200