Presidio Property Trust Q2 net loss $12.4M ($1.00/sh) on $4.6M revenue

Presidio Property Trust, Inc.

Net loss widened to $12.4M ($1.00/share) from $1.8M ($0.15) YoY, driven by $10.0M loss on Conduit investment.
Total revenue $4.6M (+$0.1M YoY); G&A rose to $2.2M (48% of revenue) due to proxy contest costs.
Sold 15 model homes for $7.4M with $0.8M gain; recorded $0.1M impairment on three Texas model homes.
Common stock dividend suspended (was $0.023/quarter); Series D preferred unchanged at $0.58593/quarter.

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