Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1751

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1751
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 held for sale, net   21,116,646   4,027,829 
 Mortgage notes payable, total net   102,094,094   107,713,273 
 Accounts payable and accrued liabilities   3,290,170   4,770,845 
 Accrued real estate taxes   1,972,477   1,953,087 
 Dividends payable   194,784   174,011 
 Lease liability, net   64,345   16,086 
 Below-market leases, net   8,625   13,266 
 Total liabilities   107,624,495   114,640,568 
         
 Commitments and contingencies (see Note 10)           
 Equity:         
 Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 997,085 shares issued and outstanding (liquidation preference $25.00 per share) as of December 31, 2024 and 890,946 shares issued and outstanding as of December 31, 2023   9,971   8,909 
 Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 12,834,317 shares and 12,265,061 shares were issued and outstanding at December 31, 2024 and December 31, 2023, respectively   128,343   122,651 
 Additional paid-in capital   185,770,842   182,331,408 
 Dividends and accumulated losses   (159,374,010)  (131,508,785)
 Total stockholders' equity before noncontrolling interest   26,535,146   50,954,183 
 Noncontrolling interest   8,410,009   10,367,887 
 Total equity   34,945,155   61,322,070 
 TOTAL LIABILITIES AND EQUITY  $142,569,650  $175,962,638 

(1) As of December 31, 2024 and 2023, includes approximately $11.4 million and $18.1 million, respectively, of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities.

See Notes to Consolidated Financial Statements