---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-019351"
form_type: "8-K"
ticker: "SQFT"
cik: "0001080657"
company_name: "Presidio Property Trust, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T22:33:25.003212+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-019351
- form_type: 8-K
- ticker: SQFT
- cik: 0001080657
- company_name: Presidio Property Trust, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080657/000149315224019351/0001493152-24-019351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080657/000149315224019351/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019351
- JSON: https://secwatch.observer/filing/0001493152-24-019351.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019351.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080657/000149315224019351/0001493152-24-019351-index.htm

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