Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 17

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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 real estate assets is dependent on the mix of properties sold
     and the market conditions at the time of the sale. S
    ee "Significant Transactions in 
    2025
     and 
    2024
    " above for further detail.

    Income allocated to non-controlling interests.
     Income allocated to non-controlling interests for the 
    nine
     months ended 
    September 30, 2025
     and 
    2024
     totaled approximately $0.3 million 
    and $2.3 million, respectively.  This was directly related to the gain on sales of model homes held by 
    our affiliated limited partnerships.

    Loss on Conduit remeasurement. During the nine months ended 
    September 30, 2025, we had sold our remaining 29,445 shares of CDT for $13,990, and held 709,000 public common stock warrants of CDTTW, and 540,000 private common stock warrants, with a combined value of approximately 
    $7,515.  Conduit's public common stock warrants (CDTTW) and Private CDT Warrants presented on the consolidated balance sheets were measured at fair value using Level 1 and Level 3 market prices, taking into account the adoption of ASU 2022-03
    Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. During the nine months ended 
    September 30, 2025, we recorded a loss on Conduit's marketable securities of $0.2 million, compared to a loss of approximately $17.8 million during the nine months ended 
    September 30, 2024.

Geographic Diversification Tables

The following tables show a list of commercial properties owned by the Company grouped by state and geographic region as of September 30, 2025:

      State 
      
      No. of Properties 

      Aggregate Square Feet 

      Approximate % of Square Feet 

      Current Base Annual Rent 

      Approximate % of Aggregate Annual Rent 

      California 

     1

     57,807

     7.5
     %
      
     $
     1,623,710

     15.4
     %

      Colorado 

     3

     269,503

     35.1
     %

     4,259,306