secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001493152-24-032415
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315224032415/0001493152-24-032415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315224032415/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-032415

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