Presidio Property Trust reports Q3 2023 net income of $20.96M, driven by $40.3M SPAC gain

Presidio Property Trust, Inc.

Net income attributable to common stockholders $20.96M ($1.77 per share) vs net loss of $1.30M ($0.11) in Q3 2022.
Gain of $40.32M from deconsolidation of Murphy Canyon SPAC; partially offset by $17.68M loss on Conduit marketable securities.
FFO (non-GAAP) negative $(414,365) vs $(189,927) in prior year; Core FFO negative $(126,673) vs positive $91,054.
Acquired 25 model home properties for $13.7M YTD; sold 15 for $7.8M, gain of $2.3M.
Paid common dividends of $0.068 per share YTD; Series D preferred dividends $1.75779 per share.

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 September 30, 2023 results: net income approximately $20.96 million, EPS $1.77 per basic and diluted share.

Period: the quarter ended September 30, 2023
Net income: approximately $20.96 million
EPS: $1.77 per basic and diluted share
Result: reported results

Exact text from the filing

Net income attributable to the Company’s common stockholders for the three months ended September 30, 2023 was approximately $20.96 million, or $1.77 per basic and diluted share

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Presidio Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-041342

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