secwatch.observer — SEC 8-K summary
======================================

Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001493152-23-041342
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315223041342/0001493152-23-041342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315223041342/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041342

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