Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 114

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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 net   93,719,413   102,094,094 
 Accounts payable and accrued liabilities   3,043,157   3,290,170 
 Accrued real estate taxes   1,457,629   1,972,477 
 Dividends payable   190,393   194,784 
 Lease liability, net   46,373   64,345 
 Below-market leases, net   4,560   8,625 
 Total liabilities   98,461,525   107,624,495 
         
 Commitments and contingencies (see Note 10)           
 Equity:         
 Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 974,823 shares issued and outstanding (liquidation preference $25.00 per share) as of September 30, 2025 and 997,082 shares issued and outstanding as of December 31, 2024   9,748   9,971 
 Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 1,230,601 shares and 1,283,432 shares were issued and outstanding as of September 30, 2025 and December 31, 2024, respectively   12,306   128,343 
 Additional paid-in capital   186,477,510   185,770,842 
 Dividends and accumulated losses   (165,400,881)  (159,374,010)
 Total stockholders' equity before noncontrolling interest   21,098,683   26,535,146 
 Noncontrolling interest   8,248,677   8,410,009 
 Total equity   29,347,360   34,945,155 
 TOTAL LIABILITIES AND EQUITY  $127,808,885  $142,569,650 

(1) As of September 30, 2025 and December 31, 2024, includes approximately $9.9 million and $11.4 million, respectively, of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities.

See Notes to Consolidated Financial Statements

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Presidio Property Trust, Inc.