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 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 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.
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 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 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.
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