Company: SQFTP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016828
Chunk: 157

Company: Presidio Property Trust, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 157
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567,706

     100.0
     %

The following tables show a list of our Model Home properties by geographic region as of March 31, 2025:

      State 
      
      No. of Properties 

      Aggregate Square Feet 

      Approximate % of Square Feet 

      Current Base Annual Rent 

      Approximate of Aggregate % Annual Rent 

      Alabama 

     9

     20,804

     8.4
     %
      
     $
     309,456

     8.7
     %

      Arizona 

     2

     6,822

     2.7
     %
      
     $
     149,196

     4.2
     %

      Florida 

     2

     5,337

     2.2
     %
      
     $
     89,844

     2.5
     %

      Texas 

     71

     215,449

     86.7
     %
      
     $
     3,007,512

     84.6
     %

      Total 

     84

     248,412

     100.0
     %
      
     $
     3,556,008

     100.0
     %

       36

LIQUIDITY AND CAPITAL RESOURCES

Overview

Our anticipated future sources of liquidity may include existing cash and cash equivalents, cash flows from operations, refinancing of existing mortgages, future real estate sales, new borrowings from our model home lines of credit, and the sale of our equity or issuance of debt securities or bonds.   Our cash and restricted cash at March 31, 2025 was approximately $12.0 million. Our future capital needs include paying down existing borrowings, maintaining our existing properties, funding tenant improvements, paying lease commissions (to the extent they are not covered by lender-held reserve deposits), and the payment of dividends to our stockholders. We also are actively seeking model home investments that are likely to produce income and achieve long-term gains in order to pay dividends to our stockholders. To ensure that we can effectively execute these objectives, we routinely review our liquidity requirements and continually evaluate all potential sources of liquidity.

Our short-term liquidity needs include paying our current operating costs, satisfying the debt service requirements of our existing mortgages, completing tenant improvements, paying leasing commissions, and funding dividends to stockholders. Future principal payments