Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 120

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 120
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 net   94,603,804   102,094,094 
 Accounts payable and accrued liabilities   3,037,530   3,290,170 
 Accrued real estate taxes   1,133,318   1,972,477 
 Dividends payable   190,393   194,784 
 Lease liability, net   52,552   64,345 
 Below-market leases, net   5,803   8,625 
 Total liabilities   99,023,400   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 June 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; 1,071,760 shares and 1,283,432 shares were issued and outstanding at June 30, 2025 and December 31, 2024, respectively   10,718   128,343 
 Additional paid-in capital   184,578,728   185,770,842 
 Dividends and accumulated losses   (163,538,854)  (159,374,010)
 Total stockholders' equity before noncontrolling interest   21,060,340   26,535,146 
 Noncontrolling interest   8,316,673   8,410,009 
 Total equity   29,377,013   34,945,155 
 TOTAL LIABILITIES AND EQUITY  $128,400,413  $142,569,650 

(1) As of June 30, 2025 and December 31, 2024, includes approximately $10.3 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. and