Company: SQFTP
Filing Date: 2025-10-14
Form Type: 424B5
Source: 0001493152-25-018010
Chunk: 26

Company: Presidio Property Trust, Inc.
Filing Date: 2025-10-14
Form: 424B5
Chunk 26
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 or 10% or more of the total value of all classes of stock of the tenant. Rents we           
 receive from such a tenant that is a taxable REIT subsidiary of ours, however, will not be excluded from the definition of “rents          
 from real property” as a result of this condition if at least 90% of the space at the property to which the rents relate is                
 leased to third parties, and the rents paid by the taxable REIT subsidiary are substantially comparable to rents paid by our other         
 tenants for comparable space. Whether rents paid by a taxable REIT subsidiary are substantially comparable to rents paid by other          
 tenants is determined at the time the lease with the taxable REIT subsidiary is entered into, extended, and modified, if such modification 
 increases the rents due under such lease. Notwithstanding the foregoing, however, if a lease with a “controlled taxable REIT               
 subsidiary” is modified and such modification results in an increase in the rents payable by such taxable REIT subsidiary,                 
 any such increase will not qualify as “rents from real property.” For purposes of this rule, a “controlled taxable                         
 REIT subsidiary” is a taxable REIT subsidiary in which the parent REIT owns stock possessing more than 50% of the voting power             
 or more than 50% of the total value of the outstanding stock of such taxable REIT subsidiary;                                              |
| ● | Rent                                                                                                                                       
 attributable to personal property, leased in connection with a lease of real property, is not greater than 15% of the total rent           
 received under the lease. If this condition is not met, then the portion of the rent attributable to personal property will not qualify    
 as “rents from real property.” To the extent that rent attributable to personal property, leased in connection with a                      
 lease of real property, exceeds 15% of the total rent received under the lease, we may transfer a portion of such personal property        
 to a taxable REIT subsidiary; and                                                                                                          |
| ● | We                                                                                                                                         
 generally may not operate or manage the property or furnish or render services to our tenants, subject to a 1% de minimis exception        
 and except as provided below. We may, however, perform services that are “usually or customarily rendered” in connection                   
 with the rental of space for occupancy only and are not otherwise considered “rendered to the occupant” of the property.                   
 Examples of these services include the provision of light, heat, or other utilities, trash removal and general maintenance of