Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 685

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 685
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.023 
 September 30   —   0.023 
 December 31   —   0.023 
 Total  $—  $0.091 

   Series D Preferred Stock
   
     Month   2024    2023  
   Distributions Declared    Distributions Declared  
 January  $0.19531  $0.19531 
 February   0.19531   0.19531 
 March   0.19531   0.19531 
 April   0.19531   0.19531 
 May   0.19531   0.19531 
 June   0.19531   0.19531 
 July   0.19531   0.19531 
 August   0.19531   0.19531 
 September   0.19531   0.19531 
 October   0.19531   0.19531 
 November   0.19531   0.19531 
 December   0.19531   0.19531 
 Total  $2.34372  $2.34372 

        F-
       31

   Partnership Interests. Through the Company, its subsidiaries, and its partnerships, we own 12  commercial properties in fee interest, two of which we own partial interests in through our holdings in various affiliates in which we serve as general partner, member and/or manager. Each of the limited partnerships is referred to as a “DownREIT.” In each DownREIT, we have the right, through put and call options, to require our co-investors to exchange their interests for shares of our Common Stock at a stated price after a defined period (generally five years from the date they first invested in the entity’s real property), the occurrence of a specified event or a combination thereof. The Company is a limited partner in five partnerships and sole stockholder in one corporation, which entities purchase and lease model homes from homebuilders.

   12. SHARE-BASED INCENTIVE PLAN
    
   The Company maintains a restricted stock incentive plan for the purpose of attracting and retaining officers, employees, and non-employee board members. Share awards generally vest in equal annual installments over a three-to-ten year period from date of issuance. Non-vested shares have voting rights and are