Company: SQFTP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016828
Chunk: 25

Company: Presidio Property Trust, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 25
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 as authorized and unissued in accordance with Maryland law and shown as a reduction of stockholders’ equity at cost.

       42

Stock repurchases for 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 2025 

     —

     $
     —

     —

     $
     5,956,977

      February 2025 

     —

     —

     —

     5,956,977

      March 2025 

     —

     —

     —

     5,956,977

      Total 

     —

     $
     —

     —

     $
     5,956,977

Stock repurchases for Series D Preferred 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 2025 

     2,854

     $
     14.36

     2,854

     $
     3,918,112

      February 2025 

     5,233

     15.52

     5,233

     3,836,896

      March 2025 

     4,757

     15.30

     4,757

     3,764,119

      Total 

     12,844

     $
     15.18

     12,844

     $
     3,764,119

Item 3. Defaults Upon Senior Securities.

On March 13, 2025, we received notice of a maturity date default of a loan in the original principal amount of $11.1 million evidenced by a promissory note issued on June 9, 2014. The loan is secured by the Dakota Center in Fargo, North Dakota.

As a result of the default, the Company is required to pay the default interest rate that is 5% above the original interest rate and the lender’s expenses related to the loan, including third party report fees, attorneys’ fees and loan servicing expenses.  As of the date of this report, the amount