secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001493152-23-017779
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315223017779/0001493152-23-017779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315223017779/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-017779

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer