Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 167

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 167
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  $(17,412,953) $(17,089,703)

       30

       For the Three Months Ended June 30, 2025  
                     
   Retail    Office/Industrial    Model Homes    Corporate and Other    Total  
 Revenues:                     
 Rental income  $93,574  $3,168,878  $1,019,301  $—  $4,281,753 
 Fees and other income   -   64,893   428   31,666   96,987 
 Total revenue   93,574   3,233,771   1,019,729   31,666   4,378,740 
 Costs and expenses:                     
 Rental operating costs   4,824   1,549,497   49,940   (141,656)  1,462,605 
 General and administrative   —   —   187,935   1,035,723   1,223,658 
 Depreciation and amortization   22,928   955,575   231,954   1,234   1,211,691 
 Impairment of goodwill and real estate assets   —   4,226,620   90,769   —   4,317,389 
 Total costs and expenses   27,752   6,731,692   560,598   895,301   8,215,343 
 Other income (expense):                     
 Interest expense - mortgage notes   (39,942)  (921,953)  (514,636)  (1,339)  (1,477,870)
 Interest and other income, net   —   —   8   5,198   5,206 
 Net loss in Conduit Pharmaceuticals marketable securities (see footnote 9)   —   —   —   (7,802)  (7,802)
 Gain on sales of real estate, net   —   —   323,359   —   323,359 
 Income tax (expense) benefit   —   —   (30,309)  (23,601