secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001641172-25-001902
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000164117225001902/0001641172-25-001902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000164117225001902/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-001902

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