Company: SQFTP
Filing Date: 2025-12-15
Form Type: S-11
Source: 0001493152-25-027787
Chunk: 74

Company: Presidio Property Trust, Inc.
Filing Date: 2025-12-15
Form: S-11
Chunk 74
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 income from prohibited transactions, certain hedging transactions and certain foreign currency gains) from the real property investments described above or dividends, interest and gain from the sale or disposition of stock or securities, or from any combination of the foregoing. For these purposes, the term “interest” generally does not include any amount received or accrued, directly or indirectly, if the determination of all or some of the amount depends in any way on the income or profits of any person. However, an amount received or accrued generally will not be excluded from the term “interest” solely by reason of being based on a fixed percentage or percentages of receipts or sales.

Rents we receive from a tenant will qualify as “rents from real property” for the purpose of satisfying the gross income requirements for a REIT described above only if all of the following conditions are met:

| ● | The                                                                                                                                        
 amount of rent is not based in whole or in part on the income or profits of any person. However, an amount we receive or accrue generally  
 will not be excluded from the term “rents from real property” solely because it is based on a fixed percentage or percentages              
 of receipts or sales or, if it is based on the net income of a tenant that derives substantially all of its income with respect to         
 such property from subleasing of substantially all of such property, to the extent that the rents paid by the subtenants would qualify     
 as rents from real property if we earned such amounts directly;                                                                            |
| ● | Neither                                                                                                                                    
 we nor an actual or constructive owner of 10% or more of our capital stock actually or constructively owns 10% or more of the interests    
 in the assets or net profits of a non-corporate tenant, or, if the tenant is a corporation, 10% or more of the total combined voting       
 power of all classes of stock entitled to vote 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