---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-017779"
form_type: "8-K"
ticker: "SQFT"
cik: "0001080657"
company_name: "Presidio Property Trust, Inc."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:10:46.596388+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-017779
- form_type: 8-K
- ticker: SQFT
- cik: 0001080657
- company_name: Presidio Property Trust, Inc.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080657/000149315223017779/0001493152-23-017779-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080657/000149315223017779/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017779
- JSON: https://secwatch.observer/filing/0001493152-23-017779.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017779.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080657/000149315223017779/0001493152-23-017779-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.