earnings
confidence high
sentiment negative
materiality 0.75
Presidio Property Trust reports FY2025 net loss $10.5M; revenue down 11% to $16.8M
Presidio Property Trust, Inc.
- Net loss attributable to common stockholders ~$10.5M ($8.59/share) vs ~$27.9M ($22.50/share) for FY2024.
- Total revenue $16.8M, down 11.2% from $18.9M; rental operating costs $6.2M, G&A $5.7M (down 24.2%).
- Non-cash impairment charge $6.4M on real estate, primarily Shea Center II and Dakota Center; FFO $(3.8M), Core FFO $(2.7M).
- Sold 20 model homes for $9.8M (gain $1.0M) and two commercial properties for $15.9M (gain $4.5M); acquired 22 model homes for $9.4M.
- Subsequent: sold Dakota Center for $5.125M (Jan 2026) and five Texas model homes for ~$2.5M (gain $0.1M) in Feb/Mar 2026.