secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001641172-25-010357
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000164117225010357/0001641172-25-010357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000164117225010357/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-010357

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