Presidio Property Trust, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
SQFTW$0.01+3.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Real estate assets and lease intangibles: | ||
| Land | $15,983,323 | $21,660,644 |
| Buildings and improvements | 102,862,977 | 133,829,416 |
| Tenant improvements | 16,488,066 | 17,820,948 |
| Lease intangibles | 3,776,654 | 4,110,139 |
| Real estate assets and lease intangibles held for investment, cost | 139,111,020 | 177,421,147 |
| Accumulated depreciation and amortization | (33,700,262) | (38,725,356) |
| Real estate assets and lease intangibles held for investment, net | 105,410,758 | 138,695,791 |
| Real estate assets held for sale, net | 22,185,742 | 5,459,993 |
| Real estate assets, net | 127,596,500 | 144,155,784 |
| Other assets: | ||
| Cash, cash equivalents and restricted cash | 8,036,496 | 6,510,428 |
| Deferred leasing costs, net | 1,666,135 | 1,657,055 |
| Goodwill | 1,389,000 | 1,574,000 |
| Investment in Conduit Pharmaceuticals marketable securities (see Notes 2 & 9) | 206,177 | 18,318,521 |
| Deferred tax asset | 298,645 | 346,762 |
| Other assets, net (see Note 6) | 3,376,697 | 3,400,088 |
| Total other assets | 14,973,150 | 31,806,854 |
| TOTAL ASSETS (1) | $142,569,650 | $175,962,638 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Mortgage notes payable, net | $80,977,448 | $103,685,444 |
| Mortgage notes payable related to properties 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.
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