Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 114

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 114
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 —   —   —   — 
 Gain on sales of real estate, net   —   —   3,426,572   —   3,426,572 
 Income tax (expense) benefit   —   —   (55,543)  (5,312)  (60,855)
 Total other income, net   (577,761)  (3,629,094)  1,337,498   (17,892,201)  (20,761,558)
 Net income (loss)   539,774   (2,962,142)  3,422,912   (24,104,408)  (23,103,864)
 Less: Income attributable to noncontrolling interests   —   (86,686)  (2,437,979)  —   (2,524,665)
 Net income (loss) attributable to Presidio Property Trust, Inc. stockholders  $539,774  $(3,048,828) $984,933  $(24,104,408) $(25,628,529)

        F-
       34

       For the Year Ended December 31, 2023  
                     
   Retail    Office/Industrial    Model Homes    Corporate and Other    Total  
 Revenues:                     
 Rental income  $1,881,780  $11,367,853  $4,142,764  $—  $17,392,397 
 Fees and other income   2,550   207,102   (10,635)  44,200   243,217 
 Total revenue   1,884,330   11,574,955   4,132,129   44,200   17,635,614 
 Costs and expenses:                     
 Rental operating costs   537,389   5,901,042   156,493   (632,006)  5,962,918 
 General and administrative   —   18,691   865,368   5,906,373   6,790,432 
 Depreciation and amortization   456,277   3