Presidio swings to Q1 net income $1.7M ($0.13/sh) vs loss $5.8M YoY

Presidio Property Trust, Inc.

Net income attributable to common stockholders $1.7M ($0.13 diluted EPS) vs net loss $5.8M (-$0.47) in Q1 2024.
Total revenue $4.1M, down from $4.8M YoY; model home rental income and transaction fees declined.
Sold two commercial properties for $17.0M (gain $4.2M); sold six model homes for $2.8M (gain $0.2M).
FFO (non-GAAP) -$1.2M vs -$1.0M YoY; Core FFO -$1.0M vs -$0.4M.
Acquired 12 model homes for $4.3M; ended March 31 with 84 model homes (88 a year ago).

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