Presidio Property Trust Q4 net loss narrows to $0.07/share; FFO rises to $132K

Presidio Property Trust, Inc.

Net loss attributable to common stockholders was $(780K) or $(0.07) per share, vs. $(1.5M) or $(0.13) in Q4 2021.
FFO (non-GAAP) increased to $132K from $62K; Core FFO fell 26% to $597K from $808K.
Acquired 31 model home properties for $15.6M; sold 31 model homes for $17.5M (gain $5.4M) and World Plaza for $10.0M (loss $0.3M).
Signed 53 leases for ~224,000 sq ft in 2022 (47% new, 53% renewals); Q4 signed 11 leases for ~66,000 sq ft.
Dividends: Series A common $0.105 (Q1), $0.106 (Q2), $0.020/$0.021 (Q3); Series D preferred $2.34372 for 2022.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Presidio Property Trust, Inc. reported financial results for the year ended December 31, 2022.

Period: the year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 28, 2023, Presidio Property Trust, Inc. (the "Company") issued a press release announcing its financial results for the quarter ended December 31, 2022

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Presidio Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-009361

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