Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 164

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 164
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 The CODM reviews on a regular basis the GAAP performance of each segment, including the significant segment expenses reported for GAAP shown in the table below. Our significant segment expenses include consolidated expense categories presented in our consolidated statements of operations, as well as rental operating costs.  This information is provided to the CODM and factors into the CODM’s decision making for company-wide strategy. The following tables compare the Company’s segment activity and to its results of GAAP operations and financial position as of and for the six months ended  June 30, 2025 and 2024, respectively.  The information for Corporate and Other are presented to reconcile back to the consolidated statement of operations, but is not considered a reportable segment as noted above.

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       For the Six Months Ended June 30, 2025  
                     
   Retail    Office/Industrial    Model Homes    Corporate and Other    Total  
 Revenues:                     
 Rental income  $356,452  $6,022,908  $1,934,822  $—  $8,314,182 
 Fees and other income   400   127,255   (1,326)  63,414   189,743 
 Total revenue   356,852   6,150,163   1,933,496   63,414   8,503,925 
 Costs and expenses:                     
 Rental operating costs   105,392   3,167,862   98,097   (296,103)  3,075,248 
 General and administrative   —   16,850   417,895   2,450,889   2,885,634 
 Depreciation and amortization   54,617   1,954,744   443,967   2,468   2,455,796 
 Impairment of goodwill and real estate assets   —   4,226,620   117,712   —   4,344,332 
 Total costs and expenses   160,009   9,366,076   1,077,671   2,157,254   12,761,010 
 Other income (expense):                     
 Interest expense - mortgage notes   (198,039)