Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 137

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 137
---
 per share; 1,000,000 shares authorized; 997,085 shares issued and outstanding (liquidation preference $25.00 per share) as of December 31, 2024 and 890,946 shares issued and outstanding as of December 31, 2023   9,971   8,909 
 Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 12,834,317 shares and 12,265,061 shares were issued and outstanding at December 31, 2024 and December 31, 2023, respectively   128,343   122,651 
 Additional paid-in capital   185,770,842   182,331,408 
 Dividends and accumulated losses   (159,374,010)  (131,508,785)
 Total stockholders' equity before noncontrolling interest   26,535,146   50,954,183 
 Noncontrolling interest   8,410,009   10,367,887 
 Total equity   34,945,155   61,322,070 
 TOTAL LIABILITIES AND EQUITY  $142,569,650  $175,962,638 

(1) As of December 31, 2024 and 2023, includes approximately $11.4 million and $18.1 million, respectively, of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities.

See Notes to Consolidated Financial Statements

      F-4

Presidio Property Trust, Inc. and Subsidiaries

Consolidated Statements of Operations

       For the Year Ended December 31, 

       2024 

       2023 

       Revenues: 

       Rental income 
       
      $
      18,523,813

      $
      17,392,397

       Fees and other income 

      401,462

      243,217

       Total revenue 

      18,925,275

      17,635,614

       Costs and expenses: 

       Rental operating costs 

      6,256,077

      5,962,918

       General and administrative 

      7,526,675

      6,790,432

       Depreciation and amortization 

      5,515,