Presidio Property Trust Q1 net loss widens to $5.8M; common dividend suspended

Presidio Property Trust, Inc.

Net loss attributable to common stockholders: $5.8M ($0.47/sh) vs $1.5M ($0.13/sh) in Q1 2023.
Total revenues increased to $4.8M from $4.1M; model home sales rose to 27 homes with $2.0M gain.
Non-cash impairment of $0.1M on four model homes; fair value loss on Conduit Pharmaceuticals securities of $3.9M.
FFO worsened to ($971,367) from ($228,914); Core FFO negative ($429,445) vs positive $31,932 year ago.
Series A common dividend declared $0.00 in Q1 2024 vs $0.022 in Q1 2023; Series D preferred steady at $0.58593.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Presidio Property Trust, Inc. reported three months ended March 31, 2024 results: revenue $4.8 million, net income approximately $5.8 million, EPS ($0.47) per basic and diluted share.

Period: three months ended March 31, 2024
Revenue: $4.8 million
Net income: approximately $5.8 million
EPS: ($0.47) per basic and diluted share
Result: reported results

Exact text from the filing

for the three months ended March 31, 2023. The change in net income attributable to the Company’s common stockholders was a result of: ● Total revenues were approximately $4.8 million for the three months ended March 31, 2024, compared to approximately $4.1 million for the same period in 2023. As of March 31, 2024, we had approximately $135.3 million in net

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Presidio Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-019351

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