Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 818

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 818
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 lease intangibles:         
 Land  $15,983,323  $21,660,644 
 Buildings and improvements   102,862,977   133,829,416 
 Tenant improvements   16,488,066   17,820,948 
 Lease intangibles   3,776,654   4,110,139 
 Real estate assets and lease intangibles held for investment, cost   139,111,020   177,421,147 
 Accumulated depreciation and amortization   (33,700,262)  (38,725,356)
 Real estate assets and lease intangibles held for investment, net   105,410,758   138,695,791 
 Real estate assets held for sale, net   22,185,742   5,459,993 
 Real estate assets, net   127,596,500   144,155,784 
 Other assets:         
 Cash, cash equivalents and restricted cash   8,036,496   6,510,428 
 Deferred leasing costs, net   1,666,135   1,657,055 
 Goodwill   1,389,000   1,574,000 
 Investment in Conduit Pharmaceuticals marketable securities (see Notes 2 & 9)   206,177   18,318,521 
 Deferred tax asset   298,645   346,762 
 Other assets, net (see Note 6)   3,376,697   3,400,088 
 Total other assets   14,973,150   31,806,854 
 TOTAL ASSETS (1)  $142,569,650  $175,962,638 
 LIABILITIES AND EQUITY         
 Liabilities:         
 Mortgage notes payable, net  $80,977,448  $103,685,444 
 Mortgage notes payable related to properties held for sale, net   21,116,646   4,027,829 
 Mortgage notes payable, total net   102,094,094   107,713,273 
 Accounts payable and accrued liabilities   3,290,170   4,770,845 
 Accrued real estate taxes   1,972,477   1,953,087 
 Dividends payable   194,