Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 684

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 684
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 Preferred Stock, which shall expire in  December 2025. During the year ended  December 31, 2024, we repurchased 190,640 shares of our Series A Common Stock, for a total cost of $140,416, with an average price of approximately $1.10 per share, including a commission of $0.025 per share.  During the year ended  December 31, 2024, the Company repurchased 2,918 shares of our Series D Preferred Stock at an average price of approximately $14.02 per share, including a commission of $0.035 per share, for a total cost of $40,910 for the Series D Preferred Stock. Any repurchased shares are treated as authorized and unissued in accordance with Maryland law and shown as a reduction of stockholders’ equity at cost.
    
   Cash Dividends. For the year ended  December 31, 2024, the Company did not declare and pay a Series A Common Stock cash dividend.  For the year ended  December 31, 2023, the Company declared and paid Series A Common Stock cash dividends of approximately $1.2 million.  For the years ended  December 31, 2024 and  December 31, 2023, the Company declared and paid Series D Preferred Stock cash dividends of approximately $2.2 million and $2.1 million, respectively.  The following is a summary of distributions declared per share of our Series A Common Stock and for our Series D Preferred Stock for the years ended  December 31, 2024 and 2023.  The Company intends to continue to pay dividends to our common stockholders on a quarterly basis, and on a monthly basis to holders of our Series D Preferred Stock going forward, but there can be no guarantee the Board of Directors will approve any future dividends.  The following is a summary of distributions declared per share of our Series A Common Stock and for our Series D Preferred Stock for the years ended  December 31, 2024 and  December 31, 2023.
    
   Series A Common Stock
   
     Quarter Ended   2024    2023  
   Distributions Declared    Distributions Declared  
 March 31  $—  $0.022 
 June 30   —   0