Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 161

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 161
---
 and for the three and six months ended  June 30, 2025, and  June 30, 2024:

       For the Six Months Ended June 30, 2025  
                     
   Retail    Office/Industrial    Model Homes    Corporate and Other    Total  
                     
 Rental revenue  $300,013  $4,920,507  $1,934,822  $—  $7,155,342 
 Recovery revenue   56,439   1,102,401   —   —   1,158,840 
 Other operating revenue   400   127,255   (1,326)  63,414   189,743 
 Total revenues   356,852   6,150,163   1,933,496   63,414   8,503,925 
                     
 Rental operating costs   105,392   3,167,862   98,097   (296,103)  3,075,248 
 Net Operating Income (NOI)   251,460   2,982,301   1,835,399   359,517   5,428,677 
                     
 Gain on Sale - Model Homes   —   —   564,258   —   564,258 
 Impairment of Model Homes   —   —   (117,712)  —   (117,712)
                     
 Adjusted NOI  $251,460  $2,982,301  $2,281,945  $359,517  $5,875,223 

       For the Six Months Ended June 30, 2024  
                     
   Retail    Office/Industrial    Model Homes    Corporate and Other    Total  
                     
 Rental revenue  $773,696  $4,773,051  $2,351,463  $—  $7,898,210 
 Recovery revenue   192,372   1,023,343   —   —   1,215,715 
 Other operating revenue   63,174   116,143   72,904