Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1705

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1705
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. During the year ended December 31, 2023, the Company repurchased 23,041 shares of our Series D Preferred Stock at an average price of approximately $16.06 per share, including a commission of $0.035 per share, and no shares of our Series A Common Stock, for a total cost of $0.4 million for the Series D Preferred Stock.  In December 2024, the Board of Directors authorized a stock repurchase program of up to $6.0 million of outstanding shares of our Series A Common Stock and up to $4.0 million of our Series D Preferred Stock, which shall expire in December 2025. During the year ended December 31, 2024, we repurchased 190,640 shares of our Series A Common Stock, for a total cost of $140,416, with an average price of approximately $1.10 per share, including a commission of $0.025 per share.  During the year ended December 31, 2024, the Company repurchased 2,918 shares of our Series D Preferred Stock at an average price of approximately $14.02 per share, including a commission of $0.035 per share, for a total cost of $40,910 for the Series D Preferred Stock. Any repurchased shares are treated as authorized and unissued in accordance with Maryland law and shown as a reduction of stockholders’ equity at cost.

The following tables contain information for shares of Series A Common Stock and Series D Preferred Stock repurchased during the year ended December 31, 2024.

Series A Common Stock:

      Month 
      
      Total Number of Shares Purchased 

      Average Price Paid Per Share 

      Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs 

      Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs 

      January 2024 

     —

     $
     —

     —

     $
     6,000,000

      February 2024 

     —

     —

     —

     6,000,000

      March 2024 

     —

     —

     —

     6,000,000

      April 2024 

     —

     —

     —

     6,000,000

      May 2024 

     —

     —

     —

     6,000,000

      June 2024 

     10