Company: SQFTP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016828
Chunk: 147

Company: Presidio Property Trust, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 147
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 the three months ended  March 31, 2025, the Company paid Mr. Dubose $12,500 in consulting fees and $3,780 in pro-rata distributions and return of capital payments.  Mr. Dubose is the father-in-law of Steve Hightower, the President of our Model Home Division and a director.
    
   For the fiscal year ended  December 31, 2024, the Company paid to Mr. Dubose, inclusive of the payments made in the quarter ended  March 31, 2024 described above, $191,250.  Through his ownership of a trust that is an investor in many of our Model Home Partnerships, Mr. Dubose received pro-rata distributions and return of capital payments of $101,889 during the year ended  December 31, 2024, inclusive of pro-rata distributions and return of capital payments received in the three months ended  March 31, 2024 described above.  

   16. SUBSEQUENT EVENTS
    
   The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date the financial statements were issued. Based upon this review, except as disclosed below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements other than those disclosed below.
    
   On  April 7, 2025, the Company declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) for the months of  April 2025,  May 2025 and  June 2025.  In accordance with the terms of the Series D Preferred Stock, the  April 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on  May 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of  April 30, 2025. The  May 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on  June 16, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of  May 31, 2025. The  June 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on  July 15,