secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K/A
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001641172-25-003059
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000164117225003059/0001641172-25-003059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000164117225003059/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-003059

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