secwatch.observer — SEC 8-K summary
======================================

Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2026-05-18T10:15:41+00:00
Accession:  0001493152-26-024043
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 posts Q1 net loss of $130K vs prior-year income; revenue down 7%
--------------------------------------------------------------------------------

- Net loss of ~$130K vs $1.7M income a year ago; diluted EPS -$0.10 vs +$1.31.
- Total revenue $3.8M, down from $4.1M, driven by Dakota Center sale and lower commercial income.
- Impairment charge of $524K (Shea Center II) and $3.4M gain on Dakota Center sale.
- FFO (non-GAAP) worsened to -$2.1M from -$1.2M; Core FFO -$1.9M from -$1.0M.
- CEO took 5% pay cut; board reducing one director; loan amended to lower floor rate by 1.5 points.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315226024043/0001493152-26-024043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315226024043/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-024043

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