David Bruen
On April 10, 2025, David Bruen notified Presidio Property Trust, Inc. (the “Company”) of his resignation as a director of the Company, effective immediately.
Highest-materiality recent filing
Presidio Property Trust posts Q1 net loss of $130K vs prior-year income; revenue down 7%
Net loss of ~$130K vs $1.7M income a year ago; diluted EPS -$0.10 vs +$1.31.
Presidio Property Trust reports FY2025 net loss $10.5M; revenue down 11% to $16.8M
Net loss attributable to common stockholders ~$10.5M ($8.59/share) vs ~$27.9M ($22.50/share) for FY2024.
Wells Fargo issued Default Notice on Jan 21, 2026 for failure to repay $17,727,500 note due Jan 5, 2026.
Presidio Property Trust suspends Series D preferred stock dividend; to preserve ~$2.3M cash annually
Monthly dividend on 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock suspended starting Jan 2026 payment (due Feb 15, 2026).
Presidio receives default notice on $17.7M note; foreclosure threat on Colorado property
Borrower failed to repay $17.7M note due Jan 5, 2026; Lender alleges event of default.
Presidio Property Trust hires Acorn Management Partners for IR and capital markets
Engaged Acorn Management Partners LLC to enhance visibility, strengthen market perception, and expand access to high-quality investors.
Presidio Q3 net loss narrows to $1.9M; revenue falls to $4.2M
Net loss attributable to common stockholders was $1.9M ($1.53 per share), improved from $6.6M loss ($5.33) a year ago.
Presidio Property Trust enters ATM equity offering of up to $1.4M with Benchmark Company
Entered Sales Agreement with The Benchmark Company, LLC for at-the-market offering of up to $1,419,265 of Series A common stock.
Presidio Property Trust sells 3 model homes for $1.6M in Q3 2025; refinances office building
Sold 3 model homes for ~$1.6M total; originally acquired for ~$1.7M in 2022-23.
Presidio Property Trust declares continued monthly dividends on Series D Preferred Stock for Q4 2025
Dividend of $0.19531 per share declared for October, November, and December 2025 on 9.375% Series D Preferred Stock.
Presidio Property Trust refinances One Park Center with $6.1M loan at 6.83% for 5 years
Loan of $6.1M, 5-year term, 6.83% interest, interest-only first 6 months, no prepayment penalty.
Presidio Q2 net loss $5.9M ($5.13/sh); impairments total $4.3M; revenue $4.4M
Net loss of $5.9M ($5.13 diluted) vs $12.4M loss ($9.97) in Q2 2024; loss narrowed but remains negative.
Gross proceeds ~$2.05M from sale of 140,000 common shares and 30,830 pre-funded warrants at $12.00/unit.
Presidio declares regular monthly dividends on Series D Preferred Stock for July-September 2025
Dividend of $0.19531 per share declared for July, August, and September 2025.
Presidio Property Trust reports Q2 2025 model home activity: sold 7 homes for $3.5M
Sold 7 model homes for ~$3.5M in Q2 2025; acquired for ~$3.2M (2020–2023).
Presidio Property Trust appoints Baker Tilly as auditor after Moss Adams merger
Moss Adams merged with Baker Tilly effective June 3, 2025; Baker Tilly appointed as successor independent auditor.
Presidio Property Trust regains Nasdaq minimum bid price compliance
Received formal Nasdaq notice on June 3, 2025 confirming bid price compliance.
Presidio Property Trust annual meeting: incentive plan approved, preferred auth. increase fails
Directors Barnes and Hager re-elected; Moss Adams ratified as auditor for FY2025.
Presidio Property Trust announces 1-for-10 reverse stock split to regain Nasdaq compliance
Reverse split effective at market open on May 19, 2025; ratio 1-for-10.
Presidio swings to Q1 net income $1.7M ($0.13/sh) vs loss $5.8M YoY
Net income attributable to common stockholders $1.7M ($0.13 diluted EPS) vs net loss $5.8M (-$0.47) in Q1 2024.
Presidio Property Trust completes self-tender for 2.14M shares at $0.68 each
Validly tendered 2,144,116 shares accepted for purchase at $0.68 per share.
David Bruen resigns from Presidio Property Trust board effective April 10, 2025
David Bruen resigned as director effective April 10, 2025; resignation not caused by any disagreement with the company.
Presidio Property corrects net real estate assets to $127.6M; reports $27.9M net loss for 2024
Net loss of $27.9M ($2.25 per share) vs net income of $8.0M in 2023.
Tender offer for up to 2,000,000 shares of Series A common stock at $0.68 per share, plus odd lot shares.
Presidio Property Trust declares Series D Preferred dividend for Apr-Jun 2025 at $0.19531/sh
April dividend $0.19531/sh, payable May 15, 2025, record Apr 30, 2025.
Presidio Property Trust reports FY2024 net loss of $27.9M, revenue up 7% to $18.9M
Net loss attributable to common stockholders of $27.9M ($2.25 per share) vs net gain of $8.0M in 2023.
Presidio Property Trust reports maturity default on $11.1M loan secured by Dakota Center
Default on $11.1M non-recourse loan (June 2014) secured by Dakota Center in Fargo, ND.
Presidio sells 2 model homes ($1.04M) and 2 commercial properties ($16.95M) in Jan-Feb 2025
Sold two model homes for ~$1.04M, acquired in 2023 for ~$0.9M.
On April 10, 2025, David Bruen notified Presidio Property Trust, Inc. (the “Company”) of his resignation as a director of the Company, effective immediately.
Max materiality 0.80 · Median 0.55 · Most common event other_material