Presidio Q3 net loss ($0.11)/share; SPAC Murphy Canyon enters deal with Conduit

Presidio Property Trust, Inc.

Q3 2022 net loss $1.3M (-$0.11/sh) vs loss $1.4M (-$0.13/sh) in Q3 2021; FFO improved to -$190k from -$290k.
Common dividend cut to $0.02/sh in Q3 from $0.105 (Q1) and $0.106 (Q2); Series D cumulative $1.758/sh YTD.
Acquired 15 model homes for $8.1M; sold World Plaza for $10M (loss $0.3M) and disposed 25 model homes ($13.5M, gain $4.3M).
SPAC Murphy Canyon (MURF) signed definitive business combination with Conduit on Nov 8, 2022; ~$136M trust.
Leasing: 13 leases in Q3 for ~52k sq ft; YTD 45 leases ~170k sq ft; renewed 70% of expiring leases.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Presidio Property Trust, Inc. reported the three months ended September 30, 2022 results: net income approximately $(1,302,000), EPS $(0.11) per basic and diluted share.

Period: the three months ended September 30, 2022
Net income: approximately $(1,302,000)
EPS: $(0.11) per basic and diluted share
Result: reported results

Exact text from the filing

Quarter Ended September 30, 2022, Financial Results Net loss attributable to the Company’s common stockholders for the three months ended September 30, 2022, was approximately $(1,302,000), or $(0.11) per basic and diluted share

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

Presidio Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-031510

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.