---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-041342"
form_type: "8-K"
ticker: "SQFT"
cik: "0001080657"
company_name: "Presidio Property Trust, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T01:57:28.937515+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-041342
- form_type: 8-K
- ticker: SQFT
- cik: 0001080657
- company_name: Presidio Property Trust, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080657/000149315223041342/0001493152-23-041342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080657/000149315223041342/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-041342
- JSON: https://secwatch.observer/filing/0001493152-23-041342.json
- Plain text: https://secwatch.observer/filing/0001493152-23-041342.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080657/000149315223041342/0001493152-23-041342-index.htm

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