Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 500

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 500
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 not to achieve its objectives. A transaction in options or securities  may be unsuccessful to some degree because of market behavior or unexpected events. When we write a covered call option, we forgo, during the option’s life, the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the strike price of the call, but retain the risk of loss should the price of the underlying security decline. The writer of an option has no control over the time when it  may be required to fulfill its obligation before the sold option expires, and once an option writer has received an exercise notice, it must deliver the underlying security in exchange for the strike price.
    
   As of  December 31, 2024, we did not own common shares of any publicly traded REITs and no written covered call options in any of those same REITs.  As of  December 31, 2023, we owned common shares and options of 3 different publicly traded REITs and an immaterial amount of covered call options in zero of those same REITs.  The gross fair market value on our publicly traded REIT securities was $45,149, with covered call options totaling $0.  As of  December 31, 2023, the net fair value of our publicly traded REIT securities was $45,149 based on the  December 31, 2023 closing prices.

   7. MORTGAGE NOTES PAYABLE
    
   Mortgage notes payable consist of the following:

       Principal as of             
   December 31,    December 31,    Loan    Interest      
 Mortgage note property   2024    2023    Type    Rate (1)    Maturity  
 Dakota Center (2)   9,091,395  $9,197,346   Fixed    4.74%  7/6/2024  
 Research Parkway (6)   1,526,860   1,588,742   Fixed    3.94%  1/5/2025  
 Arapahoe Service Center   8,670,000   7,426,088   Fixed    6.75%  12/5/2029  
 Union Town Center (6)   7