Company: SQFTP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016828
Chunk: 66

Company: Presidio Property Trust, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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 on shares of Series A Common Stock. For the three months ended  March 31, 2025 and 2024, the Company declared and paid approximately $0.6 million and $0.5 million, respectively, in cash dividends on shares of Series D Preferred Stock. Cash permitting, the Company intends to continue to pay dividends 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 Company has not decided when it will resume dividends to our common stockholders on a quarterly basis. 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 three months ended  March 31, 2025 and 2024.
    
   Series A Common Stock

     Quarter Ended   2025    2024  
   Distributions Declared    Distributions Declared  
 March 31  $—  $— 
 Total  $—  $— 

   Series D Preferred Stock

     Month   2025    2024  
   Distributions Declared    Distributions Declared  
 January  $0.19531  $0.19531 
 February   0.19531   0.19531 
 March   0.19531   0.19531 
 Total  $0.58593  $0.58593 

   Partnership Interests. Through the Company, its subsidiaries, and its partnerships, we own 10 commercial properties in fee interest, two of which we own partial interests in through our holdings in various affiliates in which we serve as general partner, member and/or manager. Each of the limited partnerships is referred to as a "DownREIT." In each DownREIT, we have the right, through put and call options, to require our co-investors to exchange their interests for shares of our Common Stock at a stated price after a defined period (generally five years from the date they first invested in the entity's real property), the occurrence of a specified event or a combination thereof. The Company is a limited partner in five partnerships and sole stockholder in one corporation, which entities purchase and leaseback model homes from homebuilders.

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   12. SHARE-BASED INCENTIVE PLAN