Presidio Property Trust Q1 net loss narrows to $1.5M; Core FFO turns positive at $32K

Presidio Property Trust, Inc.

Net loss attributable to common stockholders of ~$1.53M ($0.13 per share) vs $3.82M loss ($0.32) in Q1 2022.
Revenue decreased ~11.5% YoY due to sale of World Plaza building and tenant lease expiration in Colorado.
Core FFO improved to ~$32K from -$75K; FFO improved to -$229K from -$2.8M year-over-year.
Acquired nine model home properties for $5M; sold three for $1.6M with $0.4M gain.
Paid Series A common dividend of $0.022 per share in Q1 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Presidio Property Trust, Inc. reported the quarter ended March 31, 2023 results: net income $(1,530,988), EPS $(0.13) per basic and diluted share.

Period: the quarter ended March 31, 2023
Net income: $(1,530,988)
EPS: $(0.13) per basic and diluted share
Result: reported results

Exact text from the filing

Net loss attributable to the Company's common stockholders for the three months ended March 31, 2023, was approximately $(1,530,988), or $(0.13) per basic and diluted share

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Presidio Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-017779

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