Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 119

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 119
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ITEM 1. Financial Statements

Presidio Property Trust, Inc. and Subsidiaries

Consolidated Balance Sheets

      June 30,    December 31,  
  2025  2024 
   (unaudited)     
 ASSETS         
 Real estate assets and lease intangibles:         
 Land  $16,833,321  $15,983,323 
 Buildings and improvements   106,094,790   102,862,977 
 Tenant improvements   16,505,440   16,488,066 
 Lease intangibles   3,475,531   3,776,654 
 Real estate assets and lease intangibles held for investment, cost   142,909,082   139,111,020 
 Accumulated depreciation and amortization   (35,619,708)  (33,700,262)
 Real estate assets and lease intangibles held for investment, net   107,289,374   105,410,758 
 Real estate assets held for sale, net   7,286,923   22,185,742 
 Real estate assets, net   114,576,297   127,596,500 
 Other assets:         
 Cash, cash equivalents and restricted cash   7,285,089   8,036,496 
 Deferred leasing costs, net   1,425,887   1,666,135 
 Goodwill   1,389,000   1,389,000 
 Investment in Conduit Pharmaceuticals marketable securities (see Notes 2 & 9)   7,728   206,177 
 Deferred tax asset   298,645   298,645 
 Other assets, net (see Note 6)   3,417,767   3,376,697 
 Total other assets   13,824,116   14,973,150 
 TOTAL ASSETS (1)  $128,400,413  $142,569,650 
 LIABILITIES AND EQUITY         
 Liabilities:         
 Mortgage notes payable, net  $84,003,364  $80,977,448 
 Mortgage notes payable related to properties held for sale, net   10,600,440   21,116,646 
 Mortgage notes payable, total