Presidio Property Trust, Inc. (SQFT) Form 8-K — May 18, 2026
Presidio Property Trust reported a net loss of $0.10 per share for the first quarter of 2026, a sharp decline from $1.31 per share in the same period last year. Total revenue fell to $3.8 million from $4.1 million, driven by the sale of the Dakota Center commercial property and a reduction in the model home portfolio from 84 to 75 units. The company recognized a $3.4 million gain on the sale of Dakota Center, which helped offset operating losses, but this was partially negated by $524,000 in impairment charges and rising interest expenses of $2.1 million.
Key figures
- Revenue
- 3772800
- Total Debt
- 81633567
- Total Assets
- 111246775
- Cash Position
- 5171903
- Deal Value Usd
- 4700000
- Interest expense
- 2050074
- Impairment charge
- 524373
- Model homes count
- 75
- Net real estate assets
- 100494606
- Gain on sale model homes
- 172096
- Gain on sale dakota center
- 3416501
- Weighted avg interest rate
- 6.29
Price after filing
Close on the filing date to close N calendar days later (from $2.88). Historical, not a forecast.
AI analysis
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