Exhibit 99.2 SUPPLEMENTAL FINANCIAL INFORMATION As of June 30, 2025 FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the federal securities laws that involve risks and uncertainties, many of which are beyond our control. Our actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Quarterly Report on Form 10-Q. Forward-looking statemen ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR For the period from _____ to _____ 001-34049 (Commission File N ...

Group 1 - Presidio Property Trust, Inc. has entered into a securities purchase agreement for the sale of 170,830 shares of common stock at a price of $12.00 per share, resulting in gross proceeds of approximately $2.05 million [1] - The closing of the offering is expected to occur on or about July 15, 2025, subject to customary closing conditions [1] - The net proceeds from the offering will be used for working capital and general corporate purposes [1] Group 2 - The existing July 2021 warrants to purchase up to 200,000 shares of common stock will be amended to have a reduced exercise price of $12.00 per share, expiring five years from the amendment date [2] - The Warrant Amendment will become effective following the resale registration to be filed within 30 days [2] Group 3 - A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering [3] - The offering is made pursuant to an effective shelf registration statement on Form S-3, declared effective by the SEC on May 17, 2024 [4] Group 4 - Presidio is an internally managed real estate investment trust with holdings in model home properties leased to homebuilders, as well as office, industrial, and retail properties [6] - The model homes are located in Arizona, Texas, and Florida, while the other properties are primarily in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [6]

Core Insights - Presidio Property Trust, Inc. reported the sale of seven homes for approximately $3.5 million in Q2 2025, with total acquisition costs of about $3.2 million for these homes [1] - The company acquired 10 homes for around $5.2 million, located in Texas, Alabama, and Tennessee, expanding its portfolio [1] - Model homes constitute approximately 34% of Presidio's net real estate assets and 24% of its rental revenue, with 68 out of 87 model homes wholly owned as of June 30, 2025 [1] Acquisition Strategy - The company has successfully identified and executed acquisition opportunities in Sun Belt states, enhancing geographical diversification [2] - This strategic move is part of Presidio's managed growth plan in collaboration with a nationally recognized builder [2] Company Overview - Presidio is an internally managed, diversified REIT with holdings primarily in model home properties leased to homebuilders, as well as office, industrial, and retail properties [3] - The model homes are mainly located in Sun Belt states, while office and retail properties are concentrated in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [3]

Core Points - Presidio Property Trust has regained compliance with Nasdaq's minimum bid price requirement, allowing its common stock to continue being listed and traded on Nasdaq [1][2] - The company achieved the required minimum closing bid price of $1.00 for at least 10 consecutive business days, with the compliance date noted as June 2, 2025 [2] Company Overview - Presidio Property Trust is an internally managed, diversified real estate investment trust (REIT) with holdings primarily in model home properties leased to homebuilders, as well as office, industrial, and retail properties [3] - The model homes are mainly located in sun belt states, while the office, industrial, and retail properties are primarily situated in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [3]

[Company Overview](index=3&type=section&id=Company%20Overview) Presidio Property Trust is an internally managed real estate company focused on commercial and model home properties with a total book value of $117.4 million [Corporate Information and Portfolio Summary](index=3&type=section&id=Corporate%20Information%20and%20Portfolio%20Summary) Presidio Property Trust is an internally managed real estate company with a portfolio of commercial and model home properties valued at $117.4 million - Presidio is an internally managed real estate company specializing in commercial real estate in regionally dominant markets, acquiring office and industrial assets[8](index=8&type=chunk) Portfolio Summary (as of March 31, 2025) | Property Type | Count / Square Footage | | :--- | :--- | | Office | 8 properties / 608,076 sqft. | | Retail | 1 property / 10,500 sqft. | | Industrial | 1 property / 150,099 sqft. | | Model Homes | 84 homes / 248,412 sqft | Portfolio Value & Debt | Metric | Value | | :--- | :--- | | Book Value | $117.4 million | | Existing Secured Debt | $93.7 million | [Portfolio Details](index=4&type=section&id=Portfolio%20Details) The company's commercial and model home portfolios are detailed, covering recent asset sales, value changes, and leasing activities [Commercial Portfolio](index=4&type=section&id=Commercial%20Portfolio) The commercial portfolio's net book value decreased to $78.5 million due to property sales that generated a $4.2 million net gain Commercial Portfolio Value Change | Date | Net Real Estate Assets Value | | :--- | :--- | | March 31, 2025 | $78,500,665 | | December 31, 2024 | $90,180,500 | - In February 2025, the company sold Union Town Center and Research Parkway for a combined **$16.95 million**, realizing a net gain of approximately **$4.2 million**[9](index=9&type=chunk) - The Dakota Center property is classified as held for sale to settle its non-recourse loan that matured in July 2024; an impairment charge of **$0.7 million** was recorded in Q3 2024[9](index=9&type=chunk) - The company is actively working to lease the remaining **46%** of space at Shea Center II, and approximately **54%** of the space has since been leased to other tenants[9](index=9&type=chunk) [Model Homes Portfolio](index=6&type=section&id=Model%20Homes%20Portfolio) The model homes portfolio comprises 84 properties generating $3.56 million in annual rent, with a heavy concentration in Texas Model Homes Portfolio Summary | State | No. of Properties | Aggregate Square Feet | % of Square Feet | Current Base Annual Rent | % of Aggregate Annual Rent | | :--- | :--- | :--- | :--- | :--- | :--- | | Alabama | 9 | 20,804 | 8.4% | $309,456 | 8.7% | | Arizona | 2 | 6,822 | 2.7% | $149,196 | 4.2% | | Florida | 2 | 5,337 | 2.2% | $89,844 | 2.5% | | Texas | 71 | 215,449 | 86.7% | $3,007,512 | 84.6% | | **Total** | **84** | **248,412** | **100.0%** | **$3,556,008** | **100.0%** | [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) This section presents the company's consolidated balance sheet, income statement, and cash flow statement for the first quarter of 2025 [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) Total assets and liabilities decreased to $135.4 million and $98.9 million respectively, while total equity increased to $36.6 million Balance Sheet Summary (in millions) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Real estate assets, net | $117.4 | $127.6 | | **Total Assets** | **$135.4** | **$142.6** | | Mortgage notes payable, total net | $93.7 | $102.1 | | **Total Liabilities** | **$98.9** | **$107.6** | | **Total Equity** | **$36.6** | **$34.9** | - Real estate assets held for sale, net, decreased significantly from **$22.2 million** on December 31, 2024, to **$12.5 million** on March 31, 2025, reflecting property sales during the quarter[12](index=12&type=chunk) - Cash, cash equivalents and restricted cash increased from **$8.0 million** to **$12.0 million** during the first quarter of 2025[12](index=12&type=chunk) [Consolidated Statements of Operations](index=9&type=section&id=Consolidated%20Statements%20of%20Operations) The company reported a Q1 2025 net income of $2.38 million, a significant turnaround from a loss in Q1 2024, driven by gains on real estate sales Q1 Performance Comparison (Three Months Ended March 31) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Total Revenue | $4,125,184 | $4,790,061 | | Gain on sales of real estate, net | $4,453,968 | $2,018,095 | | Net (Loss) Income | $2,376,915 | ($3,737,795) | | Net Income (Loss) to Common Stockholders | $1,685,777 | ($5,763,695) | | Basic & Diluted EPS | $0.13 | ($0.47) | - The shift to profitability in Q1 2025 was primarily due to a **$4.45 million gain on real estate sales**, which more than compensated for lower rental income and a **$0.18 million net loss** on marketable securities[14](index=14&type=chunk) - General and administrative expenses decreased to **$1.66 million** in Q1 2025 from **$2.08 million** in Q1 2024[14](index=14&type=chunk) [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash increased by $3.92 million in Q1 2025, driven by a $13.55 million inflow from investing activities, primarily real estate sales Q1 Cash Flow Summary (Three Months Ended March 31) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | ($118,905) | ($866,768) | | Net cash provided by investing activities | $13,553,064 | $9,168,562 | | Net cash used in financing activities | ($9,513,802) | ($7,652,790) | | **Net increase in cash** | **$3,920,357** | **$649,004** | - Net cash from investing activities was primarily driven by **$18.4 million** in proceeds from real estate sales, partially offset by **$4.3 million** in real estate acquisitions[16](index=16&type=chunk) - Financing activities included **$11.4 million** in mortgage repayments and **$0.58 million** in dividends paid to Series D Preferred Stockholders[16](index=16&type=chunk) [Non-GAAP Financial Measures & Reconciliations](index=11&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) This section reconciles non-GAAP metrics like EBITDAre and FFO and provides financial data by operating segment [EBITDAre Reconciliation](index=11&type=section&id=EBITDAre%20Reconciliation) EBITDAre improved significantly to $163,553 in Q1 2025 from a loss of ($879,905) in Q1 2024, indicating stronger operational performance EBITDAre Comparison (Three Months Ended March 31) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net (loss) income to common stockholders | $1,685,777 | ($5,763,695) | | Net gain on sale of real estate | ($4,453,968) | ($2,018,095) | | **EBITDAre** | **$163,553** | **($879,905)** | [FFO and Core FFO Reconciliation](index=12&type=section&id=FFO%20and%20Core%20FFO%20Reconciliation) In Q1 2025, FFO declined to ($1.21 million) and Core FFO worsened to ($0.98 million) compared to the prior year FFO and Core FFO Comparison (Three Months Ended March 31) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | FFO | ($1,209,945) | ($971,367) | | Core FFO | ($980,442) | ($429,445) | | Core FFO / Wgt Avg Share | ($0.076) | ($0.035) | [Segment Data](index=13&type=section&id=Segment%20Data) Q1 2025 Net Operating Income (NOI) was led by the Office/Industrial segment, though total NOI and segment assets declined year-over-year Net Operating Income (NOI) by Segment (Q1 2025 vs Q1 2024) | Segment | Q1 2025 NOI | Q1 2024 NOI | | :--- | :--- | :--- | | Retail | $162,710 | $413,435 | | Office/Industrial | $1,298,027 | $1,415,957 | | Model Homes | $865,610 | $1,227,721 | | **Total NOI** | **$2,512,542** | **$3,226,484** | Assets by Reportable Segment | Segment | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Office/Industrial Properties | $74,742,379 | $76,292,662 | | Model Home Properties | $39,778,198 | $38,166,964 | | Retail Properties | $4,772,995 | $16,673,605 | | **Total Segment Assets** | **$119,293,572** | **$131,133,231** | [Definitions – Non-GAAP Measurements](index=15&type=section&id=Definitions%20%E2%80%93NON-GAAP%20MEASUREMENTS) This section defines key non-GAAP financial measures used in the report, such as EBITDAre, FFO, and Core FFO [Definitions](index=15&type=section&id=Definitions) This section defines the non-GAAP measures EBITDAre, Funds from Operations (FFO), and Core Funds from Operations (Core FFO) - **EBITDAre:** Defined by NAREIT as earnings before interest, taxes, depreciation, amortization, gain/loss on asset disposal, and impairment write-offs[23](index=23&type=chunk) - **Funds from Operations (FFO):** Defined as net income excluding property sales gains/losses, plus depreciation and amortization, and impairment charges[24](index=24&type=chunk) - **Core Funds from Operations (Core FFO):** Calculated by adjusting FFO for non-core items such as acquisition costs, loss on debt extinguishment, and stock-based compensation amortization[26](index=26&type=chunk)

Core Viewpoint - Presidio Property Trust, Inc. will implement a 1-for-10 reverse stock split of its Series A Common Stock to comply with Nasdaq listing requirements [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will take effect on May 19, 2025, with shares trading under the symbol "SQFT" and a new CUSIP number 74102L501 [2] - Every 10 shares of Series A Common Stock will be combined into 1 share, maintaining the same percentage ownership for stockholders, with adjustments for fractional shares [3] - Fractional shares will not be issued; instead, stockholders will receive an additional fraction of a share to round up to the nearest whole share [3] Group 2: Company Overview - Presidio is an internally managed real estate investment trust with a diversified portfolio including model home properties leased to homebuilders, as well as office, industrial, and retail properties [5] - The company's model homes are primarily located in the sunbelt region, while its other properties are mainly situated in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [5]

Part I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements for the quarter ended March 31, 2025, including balance sheets, statements of operations, changes in equity, cash flows, and notes [Consolidated Financial Statements](index=6&type=section&id=Consolidated%20Financial%20Statements) As of March 31, 2025, total assets were **$135.4 million** and total equity **$36.6 million**, with Q1 2025 net income of **$2.38 million** ($0.13 per share) driven by real estate sales Consolidated Balance Sheet Highlights (Unaudited) | Metric | March 31, 2025 ($) | December 31, 2024 ($) | | :--- | :--- | :--- | | Total real estate assets, net | 117.4 million | 127.6 million | | Cash, cash equivalents and restricted cash | 12.0 million | 8.0 million | | **Total Assets** | **135.4 million** | **142.6 million** | | Total mortgage notes payable, net | 93.7 million | 102.1 million | | **Total Liabilities** | **98.9 million** | **107.6 million** | | **Total Equity** | **36.6 million** | **34.9 million** | Consolidated Statement of Operations Highlights (Unaudited) | Metric | Three Months Ended Mar 31, 2025 ($) | Three Months Ended Mar 31, 2024 ($) | | :--- | :--- | :--- | | Total Revenue | 4.1 million | 4.8 million | | Gain on sales of real estate, net | 4.45 million | 2.02 million | | Net (loss) in Conduit Pharmaceuticals | (0.18 million) | (3.86 million) | | **Net (Loss) Income** | **2.38 million** | **(3.74 million)** | | **Net Income (Loss) Attributable to Common Stockholders** | **1.69 million** | **(5.76 million)** | | **Basic & Diluted EPS** | **0.13** | **(0.47)** | Consolidated Statement of Cash Flows Highlights (Unaudited) | Cash Flow Activity | Three Months Ended Mar 31, 2025 ($) | Three Months Ended Mar 31, 2024 ($) | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | (0.12 million) | (0.87 million) | | Net Cash Provided by Investing Activities | 13.55 million | 9.17 million | | Net Cash Used in Financing Activities | (9.51 million) | (7.65 million) | | **Net Increase in Cash** | **3.92 million** | **0.65 million** | [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies, real estate transactions, debt, equity, and segment performance, including Q1 2025 acquisitions, dispositions, and a stock repurchase program - In Q1 2025, the company acquired **12 model homes** for approximately **$4.3 million**[72](index=72&type=chunk) - In Q1 2025, the company sold two commercial properties (Union Town Center and Research Parkway) for **$17.0 million**, recognizing a net gain of **$4.2 million**, and also sold **6 model homes** for **$2.8 million**, with a gain of **$0.2 million**[75](index=75&type=chunk) - As of March 31, 2025, total mortgage notes payable amounted to **$94.4 million**, with the loan on the Dakota Center property in default and being marketed for sale to settle the non-recourse debt[86](index=86&type=chunk)[87](index=87&type=chunk) - The company repurchased **12,844 shares** of Series D Preferred Stock for approximately **$195,000** in Q1 2025, with no Series A Common Stock repurchased during the quarter[113](index=113&type=chunk)[202](index=202&type=chunk) - Subsequent to the quarter end, on April 8, 2025, the company commenced a self-tender offer to purchase up to **2,000,000 shares** of its Series A common stock at **$0.68 per share**, with **2,144,116 shares** accepted for purchase by May 5, 2025[114](index=114&type=chunk)[144](index=144&type=chunk) Segment Net Operating Income (NOI) (Unaudited) | Segment | Q1 2025 NOI ($) | Q1 2024 NOI ($) | | :--- | :--- | :--- | | Retail | 0.16 million | 0.41 million | | Office/Industrial | 1.30 million | 1.42 million | | Model Homes | 0.87 million | 1.23 million | | **Total NOI** | **2.33 million** | **3.06 million** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses operational results, liquidity, and capital resources, noting decreased revenues to **$4.1 million** in Q1 2025 and sufficient liquidity despite significant upcoming debt maturities Key Operational Results Comparison (Unaudited) | Metric | Three Months Ended Mar 31, 2025 ($) | Three Months Ended Mar 31, 2024 ($) | | :--- | :--- | :--- | | Total Revenues | 4.1 million | 4.8 million | | Rental Operating Costs | 1.6 million | 1.6 million | | General & Administrative Expenses | 1.7 million | 2.1 million | | Interest Expense | 1.5 million | 1.5 million | - The decrease in revenue is primarily attributed to lower model home rental income and transaction fees, along with the sale of two commercial properties in February 2025[160](index=160&type=chunk) - General & Administrative expenses decreased by **$0.4 million**, partly due to lower consulting and legal fees compared to the prior year[163](index=163&type=chunk) - The company's liquidity position includes **$12.0 million** in cash and restricted cash as of March 31, 2025, which management believes will fund operations for at least the next 12 months, along with operating cash flow and refinancing ability[172](index=172&type=chunk)[174](index=174&type=chunk) - Significant near-term debt maturities include approximately **$27.8 million** due in the remainder of 2025 and **$18.4 million** in 2026, which management plans to address through sales, refinancing, or extensions[173](index=173&type=chunk) - No dividends were declared for Series A Common Stock in Q1 2025 or Q1 2024, while dividends of approximately **$0.6 million** were paid to Series D Preferred Stockholders in Q1 2025[179](index=179&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=42&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a smaller reporting company, Presidio Property Trust, Inc. is not required to provide the disclosures typically found under this item - The company is not required to provide this disclosure as it qualifies as a smaller reporting company[196](index=196&type=chunk) [Item 4. Controls and Procedures](index=42&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting during the quarter - Based on an evaluation, the CEO and CFO concluded that the company's disclosure controls and procedures were effective as of March 31, 2025[198](index=198&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[199](index=199&type=chunk) Part II. OTHER INFORMATION [Item 1. Legal Proceedings](index=43&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that there are no material legal proceedings - None[200](index=200&type=chunk) [Item 1A. Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) The company did not report any new or materially changed risk factors from those previously disclosed in its Annual Report on Form 10-K - None[201](index=201&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=43&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's stock repurchase activity, including the repurchase of **12,844** Series D Preferred Stock shares for approximately **$195,000** in Q1 2025 - In December 2024, the Board authorized a stock repurchase program for up to **$6.0 million** of Series A Common Stock and **$4.0 million** of Series D Preferred Stock, expiring in December 2025[202](index=202&type=chunk) Stock Repurchases for Q1 2025 | Security | Shares Purchased | Average Price Paid ($) | Total Cost ($) | | :--- | :--- | :--- | :--- | | Series A Common Stock | 0 | - | - | | Series D Preferred Stock | 12,844 | 15.18 | 194,971 | [Item 3. Defaults Upon Senior Securities](index=44&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports a maturity date default on a loan secured by the Dakota Center property, with a current default amount of approximately **$9.1 million** - The company received a notice of maturity date default on March 13, 2025, for a loan secured by the Dakota Center in Fargo, North Dakota[206](index=206&type=chunk) - The default amount is approximately **$9.1 million**, with a total arrearage of about **$0.4 million**, and the lender is also holding approximately **$1.6 million** in restricted cash sweep accounts[207](index=207&type=chunk) [Item 4. Mine Safety Disclosures](index=44&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - None[208](index=208&type=chunk) [Item 5. Other Information](index=44&type=section&id=Item%205.%20Other%20Information) During the first quarter of 2025, no director or officer of the company adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement - No director or officer adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement" during the three months ended March 31, 2025[209](index=209&type=chunk) [Item 6. Exhibits](index=45&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, which include certifications by the CEO and CFO as required by the Sarbanes-Oxley Act of 2002, and the Inline XBRL financial data files - The report includes required exhibits such as CEO and CFO certifications (Exhibits 31.1, 31.2, 32.1) and Inline XBRL data files (Exhibits 101 and 104)[210](index=210&type=chunk)

Core Viewpoint - Presidio Property Trust, Inc. has initiated a tender offer to purchase odd lots and up to 2,000,000 shares of its Series A Common Stock at a price of $0.68 per share, set to expire on May 5, 2025 [1][3]. Group 1: Tender Offer Details - The tender offer is for all odd lots plus up to 2,000,000 shares of Series A Common Stock at a price of $0.68 per share [1]. - The offer will not be contingent upon a minimum number of shares being tendered or any financing conditions, but will be subject to other conditions [3]. - The Board has authorized the offer, but no recommendations are made to security holders regarding whether to tender their shares [4]. Group 2: Offer Process and Instructions - Stockholders must follow specific instructions outlined in the "Offer to Purchase" and related documents filed with the SEC to tender their shares [2]. - The depositary and paying agent for the offer is Broadridge Corporate Issuer Solutions, LLC, which will also serve as the information agent [5]. - Offer documents will be mailed to registered holders around April 10, 2025, and beneficial holders will receive communications from their banks or brokers [5]. Group 3: Company Overview - Presidio is an internally managed real estate investment trust with holdings in model home properties leased to homebuilders, as well as office, industrial, and retail properties [7]. - The model homes are located in Arizona, Texas, and Florida, while the other properties are primarily in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [7].

Core Insights - Presidio Property Trust, Inc. reported a net loss of approximately $27.9 million for the year ended December 31, 2024, compared to a net gain of approximately $8.0 million for the previous year, reflecting a significant decline in profitability [5][30] - Total revenue increased by approximately $1.3 million or 7.3%, reaching approximately $18.9 million for the year ended December 31, 2024, driven by strong rent collections and new commercial leases [5][30] - The company successfully renewed 83% of expiring square footage during the fourth quarter of 2024, indicating a positive leasing outlook for 2025 [3] Financial Performance - The net loss attributable to common stockholders was approximately $2.25 per share for 2024, compared to a gain of $0.68 per share in 2023 [5][30] - General and administrative expenses rose to approximately $7.5 million in 2024, an increase of 10.8% from approximately $6.8 million in 2023, primarily due to costs associated with the annual meeting and legal fees [5][30] - Funds from Operations (FFO) improved by approximately $2.8 million, moving from $(6.2 million) in 2023 to $(3.4 million) in 2024 [7] Asset Management - As of December 31, 2024, the company had approximately $127.6 million in net real estate assets, a decrease from approximately $144.2 million in 2023, attributed to the sale of model homes and impairments [5][27] - The company acquired 19 model home properties for $9.7 million during 2024, which were leased back to homebuilders under triple net leases [9] - The company recognized a non-cash impairment charge of approximately $2.0 million on goodwill and real estate assets during 2024, with significant impairments related to commercial properties [6][30] Leasing and Sales Activity - In 2024, the company sold 51 model homes for approximately $24.8 million, realizing a gain of approximately $3.4 million [4][11] - The company entered into three leases with new tenants totaling nearly 23,000 square feet in the fourth quarter of 2024, contributing to a positive leasing outlook [3] Dividends - No distributions were declared for Series A Common Stock in 2024, while Series D Preferred Stock maintained a consistent distribution of $0.19531 per month [17][18]