Presidio Property Trust reports FY2024 net loss of $27.9M, revenue up 7% to $18.9M

Presidio Property Trust, Inc.

Net loss attributable to common stockholders of $27.9M ($2.25 per share) vs net gain of $8.0M in 2023.
Revenue increased 7.3% to $18.9M, driven by model home fees and new commercial leases.
Recorded $2.0M impairment on real estate and goodwill; $17.9M loss on Conduit investment.
Sold 51 model homes for $24.8M, gain $3.4M; acquired 19 model homes for $9.7M.
Common stock dividends suspended for 2024 (was $0.091/share in 2023); Series D preferred unchanged at $2.34372 annual.

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