Presidio Property Trust, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| For the Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Rental income | $18,523,813 | $17,392,397 |
| Fees and other income | 401,462 | 243,217 |
| Total revenue | 18,925,275 | 17,635,614 |
| Costs and expenses: | ||
| Rental operating costs | 6,256,077 | 5,962,918 |
| General and administrative | 7,526,675 | 6,790,432 |
| Depreciation and amortization | 5,515,518 | 5,425,739 |
| Impairment of goodwill and real estate assets | 1,969,311 | 3,247,097 |
| Total costs and expenses | 21,267,581 | 21,426,186 |
| Other income (expense): | ||
| Interest expense - mortgage notes | (6,050,196) | (5,004,889) |
| Interest and other income, net | (151,356) | 1,435,298 |
| Gain on sales of real estate, net | 3,426,572 | 3,240,200 |
| Net loss in Conduit Pharmaceuticals marketable securities (see footnote 9) | (17,925,723) | (23,359,774) |
| Gain on deconsolidation of SPAC (see footnote 9) | — | 40,321,483 |
| Income tax (expense) benefit | (60,855) | 335,780 |
| Total other (loss) income, net | (20,761,558) | 16,968,098 |
| Net (loss) income | (23,103,864) | 13,177,526 |
| Less: Income attributable to noncontrolling interests | (2,524,665) | (3,031,080) |
| Net (loss) income attributable to Presidio Property Trust, Inc. stockholders | $(25,628,529) | $10,146,446 |
| Less: Preferred Stock Series D dividends | (2,236,696) | (2,118,846) |
| Net (loss) income attributable to Presidio Property Trust, Inc. common stockholders | $(27,865,225) | $8,027,600 |
| Net (loss) income per share attributable to Presidio Property Trust, Inc. common stockholders: | ||
| Basic & Diluted | $(2.25) | $0.68 |
| Weighted average number of common shares outstanding - basic & dilutive | 12,386,594 | 11,847,814 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.