Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 113

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 113
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 to the consolidated statement of operations, but is not considered a reportable segment as noted above.

       For the Year Ended December 31, 2024  
                     
   Retail    Office/Industrial    Model Homes    Corporate and Other    Total  
 Revenues:                     
 Rental income  $2,058,622  $12,097,022  $4,368,169  $—  $18,523,813 
 Fees and other income   62,041   241,530   68,084   29,807   401,462 
 Total revenue   2,120,663   12,338,552   4,436,253   29,807   18,925,275 
 Costs and expenses:                     
 Rental operating costs   608,667   6,136,564   171,621   (660,775)  6,256,077 
 General and administrative   —   2,330   820,217   6,704,128   7,526,675 
 Depreciation and amortization   394,461   4,154,769   952,627   13,661   5,515,518 
 Impairment of goodwill and real estate assets   —   1,377,937   406,374   185,000   1,969,311 
 Total costs and expenses   1,003,128   11,671,600   2,350,839   6,242,014   21,267,581 
 Other income (expense):                     
 Interest expense - mortgage notes   (577,761)  (3,457,360)  (2,009,641)  (5,434)  (6,050,196)
 Interest and other income, net   —   (171,734)  (23,890)  44,268   (151,356)
 Net loss in Conduit Pharmaceuticals marketable securities (see footnote 9)   —   —   —   (17,925,723)  (17,925,723)
 Gain on deconsolidation of SPAC (see footnote 9)   —