Presidio Property Trust, Inc. (SQFT) Form 10-Q — May 15, 2026
Presidio Property Trust reported a net loss of $129,632 attributable to common stockholders for the first quarter of 2026, driven by a suspension of preferred dividends and significant impairment charges. Total revenue declined 8.5% year-over-year to $3.77 million as the company continues to downsize its commercial real estate portfolio. The company recognized a $3.4 million gain from the sale of the Dakota Center property, which helped offset operating losses, but also recorded $524,373 in non-cash impairment charges, largely related to model homes and the Shea Center II property.
Key figures
- Revenue
- 3772800
- Net Income
- 558794
- Total Debt
- 81633567
- Cash Position
- 5171903
- Impairment charge
- 524373
- Gain on disposition
- 3416501
- Reverse split ratio
- 1:10
- Preferred dividends in arrears
- 570541
Price after filing
Close on the filing date to close N calendar days later (from $3.02). Historical, not a forecast.
AI analysis
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