Presidio Property corrects net real estate assets to $127.6M; reports $27.9M net loss for 2024

Presidio Property Trust, Inc.

Net loss of $27.9M ($2.25 per share) vs net income of $8.0M in 2023.
Revenue rose 7.3% to $18.9M; net real estate assets corrected to $127.6M.
Recognized $2.0M in impairment charges; sold 51 model homes for $24.8M (gain $3.4M).
Net loss on Conduit investment of $17.9M; Core FFO improved to $(2.0M) from $(5.2M).
No common dividends paid in 2024; Series D preferred dividends unchanged at $2.34372.

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