Core Insights - Presidio Property Trust, Inc. reported a net loss of approximately $10.5 million for the year ended December 31, 2025, a significant improvement from a net loss of approximately $27.9 million in 2024, indicating a positive trend in financial performance [4][43] - Total revenue decreased by approximately $2.1 million or 11.2%, totaling approximately $16.8 million in 2025 compared to $18.9 million in 2024, primarily due to a decline in commercial real estate rental income [5][41] - The company achieved strong tenant retention, with 88% of expiring space renewing, including 84% of expiring office leases, reflecting the strength of its strategically located assets [4][3] Financial Performance - The average number of model homes held decreased from 94 in 2024 to 79 in 2025, contributing to the revenue decline [5] - Rental operating costs were approximately $6.2 million in 2025, a slight decrease from $6.3 million in 2024, but as a percentage of total revenue, they increased to 36.6% from 33.1% due to rising office property expenses [6] - General and administrative expenses decreased by approximately $1.8 million or 24.2%, totaling approximately $5.7 million in 2025, largely due to one-time costs incurred in 2024 [7] Asset Management - As of December 31, 2025, the company had approximately $108.6 million in net real estate assets, down from $127.6 million in 2024, with model home assets comprising 33.8% of total real estate assets, up from 29.3% [5][6] - The company sold 20 model homes for approximately $9.8 million in 2025, recognizing a gain of approximately $1.0 million, while also selling two commercial properties for approximately $15.9 million [8][15] - A non-cash impairment charge of approximately $6.4 million was recognized on real estate assets, primarily related to commercial properties, indicating challenges in asset valuation [9] Debt and Interest - Interest expense remained stable at approximately $6.1 million for both 2025 and 2024, while total debt decreased by 9.8% to $92.1 million [10] - The weighted average interest rate increased from 5.63% in 2024 to 6.16% in 2025, reflecting rising borrowing costs [10] Acquisitions and Dispositions - The company acquired 22 model home properties for approximately $9.4 million in 2025, indicating a strategic focus on expanding its model home portfolio [14] - The sale of Dakota Center for $5.125 million occurred in January 2026, further adjusting the company's asset base [28]

Model Homes and Properties - As of December 31, 2025, the company owned 80 model homes with a net book value of approximately $36.7 million[26] - In 2025, the company acquired 22 Model Home Properties for approximately $9.4 million, consisting of $2.8 million in cash and $6.6 million in mortgage notes[22] - The company disposed of 20 model homes for approximately $9.8 million in 2025, recognizing a gain of approximately $1.0 million[24] - The company operates four limited partnerships related to its model home business, with two partnerships dissolved in 2025[28] - The Company plans to refinance a significant portion of mortgage notes payable or sell model home properties to repay $4.5 million in principal payments due in 2026[41] Commercial Properties - The company recognized a net gain of approximately $4.5 million from the sale of two commercial properties for approximately $15.9 million in 2025[24] - The company’s commercial properties tenant base consists of approximately 131 individual tenants, with the largest tenant representing 6.90% of annualized base rent[20] - As of December 31, 2025, the ten largest tenants represented approximately 37.69% of the company’s annualized base rent[20] - The Company’s commercial properties and Model Homes adequately covered their debt servicing needs during the year ended December 31, 2025[42] Financial Performance and Debt - Total debt as of December 31, 2025, included $22.6 million with recourse to the Company, of which $5.5 million was related to model homes properties[39] - The Company uses non-recourse financing for seven of its nine commercial mortgage loans, limiting exposure to equity invested in each property[39] Stock and Dividends - The company repurchased 16,080 shares of Series A Common Stock at an average price of $4.79 per share, totaling $77,092 in 2025[30] - A Tender Offer in 2025 resulted in the purchase of 214,412 shares of Series A common stock for approximately $1.458 million[32] - Series D Preferred Stock has a cumulative cash dividend rate of 9.375% per annum, equating to $2.34375 per share annually[36] - As of January 28, 2026, the Company suspended the monthly dividend on Series D Preferred Stock, with unpaid dividends accruing at $0.19531 per share each month[38] Company Structure and Employment - As of December 31, 2025, the Company had a total of 15 full-time employees[55] - The Board of Directors consists of six members, four of whom are independent directors[51] Market Focus - The company focuses on regionally dominant markets with strong employment growth and low unemployment rates to maximize returns[21] Office Space - The Company reduced its office space from approximately 9,224 square feet to 6,570 square feet in September 2024[54] REIT Qualification - The Company qualified as a REIT for federal income tax purposes for the fiscal year ended December 31, 2025[52]

Core Viewpoint - Presidio Property Trust, Inc. has suspended its monthly dividend on the 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, effective from January 2026 [1] Group 1: Dividend Suspension - The suspension of the monthly dividend will begin with the January 2026 payment, which was scheduled for February 15, 2026 [1] - Unpaid monthly dividends will continue to accrue at a rate of $0.19531 per share for each month they remain unpaid [1]

Core Insights - Presidio Property Trust, Inc. has engaged Acorn Management Partners LLC to enhance its visibility and strengthen market perception [1] - The partnership aims to expand access to high-quality investors [1] Company Engagement - The engagement with Acorn is expected to improve the company's market presence [1] - The collaboration is part of a strategic initiative to attract more investors [1]

Real Estate Assets - As of September 30, 2025, the total book value of the company's real estate assets is approximately $113.3 million, down from $127.6 million as of December 31, 2024, reflecting a decrease of about 11.5%[12] - The commercial portfolio includes 10 properties with a book value of approximately $74.2 million, contributing to the overall real estate assets[11] - The model homes portfolio consists of 84 properties with a total square footage of 250,281 sqft, generating an annual rent of approximately $3.65 million[13] - The company recorded an impairment charge of approximately $3.3 million related to the Dakota Center property, which is expected to be sold for $5.125 million[12] - The company reported a gain on sales of real estate amounting to $5,078,302, contributing positively to overall financial results[26] - The company’s model home properties saw an increase in net assets from $37,416,000 in December 2024 to $39,040,072 by September 30, 2025[27] Financial Performance - Total revenue for the three months ended September 30, 2025, was $4,196,142, a decrease of 11.1% compared to $4,723,374 for the same period in 2024[17] - Net loss attributable to common stockholders for the nine months ended September 30, 2025, was $6,026,871, compared to a net loss of $24,800,532 for the same period in 2024[21] - EBITDAre for the three months ended September 30, 2025, was $638,723, an increase from $558,376 in the same period of 2024[20] - Total revenues for the nine months ended September 30, 2025, amounted to $12,700,066, with a breakdown of $450,426 from retail, $9,193,982 from office/industrial, and $2,976,521 from model homes[24] - Net Operating Income (NOI) reached $8,090,256, with adjusted NOI at $8,473,575, reflecting strong operational performance[24] - The company reported a net loss attributable to stockholders of $4,302,021 for the nine months ended September 30, 2025, primarily due to significant interest expenses and impairment charges[26] Debt and Equity - The company reported existing secured debt of $94.6 million, which represents approximately 83.5% of the total book value of real estate assets[9] - The mortgage notes payable total approximately $93.7 million, down from $102.1 million as of December 31, 2024, indicating a reduction of about 8.5%[15] - The total stockholders' equity as of September 30, 2025, is approximately $29.3 million, down from $34.9 million as of December 31, 2024, reflecting a decrease of about 16.1%[15] Cash Flow and Liquidity - Net cash used in operating activities for the nine months ended September 30, 2025, was $380,224, compared to $658,434 for the same period in 2024[19] - Net cash provided by investing activities for the nine months ended September 30, 2025, was $11,433,947, compared to $10,664,729 in 2024[19] - Cash, cash equivalents, and restricted cash at the end of the period on September 30, 2025, was $8,002,915, compared to $7,199,448 at the end of the same period in 2024[19] - Cash and cash equivalents increased to $1,575,384 from $564,922, indicating improved liquidity[27] Operational Costs - Rental operating costs totaled $4,609,810, indicating a cost management strategy amidst rising operational expenses[26] - General and administrative expenses were reported at $4,335,697, reflecting ongoing operational costs[26] Leasing and Tenant Activity - The company has leased approximately 69% of the space previously occupied by Halliburton in the Shea Center II property, which represents about 31% of the total space[12] - The company is actively pursuing third-party tenants for the remaining space in the Shea Center II property, although there is no guarantee of success in signing new tenants[12] Funds from Operations (FFO) - The company emphasizes the importance of Funds from Operations (FFO) as a key performance metric, which excludes certain non-core items to provide a clearer view of operational performance[30] - FFO for the three months ended September 30, 2025, was $(839,846), compared to $(566,910) in the same period of 2024[21] - Core FFO for the nine months ended September 30, 2025, was $(1,627,404), compared to $(995,236) in 2024[21] Asset Management - Total assets decreased from $142,569,650 in December 2024 to $127,808,885 by September 30, 2025, highlighting a contraction in asset base[27] - The company has recorded an increase in the weighted average number of common shares outstanding for the three months ended September 30, 2025, was 1,215,943, compared to 1,247,657 in 2024[21]

Core Viewpoint - The company has reported earnings for the three months ended September 30, 2025, indicating a strategic positioning to benefit from improving market conditions after facing significant challenges in the office market [1] Financial Performance - The company is an internally managed, diversified real estate investment trust (REIT) [1] - The earnings report reflects the company's resilience in navigating a difficult office market [1] Market Conditions - The company acknowledges that it has endured the worst office market in recent years [1] - There is a shift from industry headwinds to tailwinds, suggesting a potential recovery in market conditions [1]

Financial Performance - Total revenue for Q3 2025 was $4,196,142, a decrease of 11.1% from $4,723,374 in Q3 2024[19] - Rental income for the nine months ended September 30, 2025, was $12,423,048, down 9.7% from $13,754,740 in the same period of 2024[19] - Net loss attributable to Presidio Property Trust, Inc. common stockholders for Q3 2025 was $1,862,027, compared to a net loss of $6,645,466 in Q3 2024[19] - The net loss for the nine months ended September 30, 2025, is $5,276,525, compared to a net income of $2,265,352 for the previous period[21] - Total revenues for the nine months ended September 30, 2025, were $12,700,066, with net operating income (NOI) of $8,090,256[125] - Adjusted NOI for the nine months ended September 30, 2025, was $8,473,575, compared to $12,398,589 for the same period in 2024[125] - The total costs and expenses for the same period were $17,064,187, leading to a net loss attributable to stockholders of $(4,302,021)[134] - The company reported a net income loss of $(1,290,848) for the three months ended September 30, 2025, highlighting challenges in profitability despite revenue generation[138] Assets and Liabilities - Total assets as of September 30, 2025, were $127,808,885, a decrease of 10.4% from $142,569,650 as of December 31, 2024[17] - Total liabilities decreased to $98,461,525 as of September 30, 2025, from $107,624,495 as of December 31, 2024, reflecting a reduction of 8.8%[17] - The company’s total stockholders' equity decreased to $29,347,360 as of September 30, 2025, from $34,945,155 as of December 31, 2024[17] - As of September 30, 2025, total equity stands at $29,347,360, with stockholders' equity of $21,098,683[21] - Cash and cash equivalents as of September 30, 2025, were $8,002,915, slightly down from $8,036,496 as of December 31, 2024[17] Real Estate Operations - The company reported a gain on sales of real estate of $300,975 for Q3 2025, compared to $361,151 in Q3 2024[19] - Impairment of goodwill and real estate assets for the nine months ended September 30, 2025, was $4,427,245, significantly higher than $893,939 in the same period of 2024[19] - The company sold two commercial properties, Union Town Center and Research Parkway, for approximately $15.9 million in February 2025, recognizing a net gain of approximately $4.5 million[77] - The company owns a diverse portfolio of real estate assets, including eight office buildings and one industrial property totaling approximately 758,175 rentable square feet[78] - The company recorded an impairment charge for model homes totaling $0.2 million for the nine months ended September 30, 2025, reflecting lower than expected sales prices[82] Cash Flow and Financing - Cash flows from operating activities showed a net cash used of $380,224 for the nine months ended September 30, 2025, compared to $658,434 in the prior year, reflecting better operational efficiency[25] - The company reported net cash provided by investing activities of $11,433,947 for the nine months ended September 30, 2025, up from $10,664,729 in 2024, driven by proceeds from sales of real estate[25] - Proceeds from mortgage notes payable, net of issuance costs, amounted to $18,942,396 in 2025, compared to $13,602,291 in 2024, indicating increased financing activity[25] - Future principal payments due on mortgage notes payable total approximately $10.4 million in the last two quarters of 2025 and $21.1 million in 2026[36] - The company has identified potential future sources of liquidity including existing cash, cash flows from operations, and refinancing of existing mortgages[35] Stockholder Information - Dividends paid to Series D preferred stockholders amount to $574,096 for the period ending March 31, 2025[21] - Total dividends paid to Series D Preferred stockholders during the three months ended September 30, 2025, were approximately $0.6 million, consistent with the same period in 2024[108] - The Company completed a secondary offering of 920,000 shares of Series D Preferred Stock, generating approximately $20.5 million in net proceeds[100] - Holders of Series D Preferred Stock are entitled to cumulative cash dividends at a rate of 9.375% per annum, equivalent to $2.34375 per share[102] - The Company executed a 1-for-10 reverse stock split effective May 19, 2025, adjusting all historical share amounts accordingly[110] Strategic Initiatives - The company has a strategy to maintain its REIT status by distributing at least 90% of its taxable income to stockholders[30] - The company expects to fund operations through at least the next twelve months with a combination of working capital and refinancing capabilities[37] - The Company is monitoring economic factors such as interest rate increases and geopolitical conflicts that could impact its commercial real estate portfolio[98] - The Company has entered into a cooperation agreement with an activist stockholder group, resulting in the appointment of a new director[95] Compliance and Governance - The company is in compliance with the Fixed Charge Coverage Ratio covenant of 1.10 to 1.00 as of September 30, 2025[88] - The Company has a charter restriction preventing any person from owning more than 9.8% of the outstanding shares of common stock, with exceptions granted to certain executives[109] - The company has not experienced any material litigation or environmental liabilities that would affect its financial condition[96][97]

Core Viewpoint - Presidio Property Trust, Inc. has declared a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for the last quarter of 2025 [1] Group 1: Dividend Announcement - The Board of Directors has authorized a dividend for the months of October, November, and December 2025 [1] - The October 2025 dividend will be $0.19531 per share, payable in cash on November 17, 2025 [1] - Shareholders of record for the Series D Preferred Stock must be on record by the dividend record date of October 31, 2025 [1]

Core Insights - Presidio Property Trust, Inc. reported the sale of three homes in Q3 2025 for approximately $1.6 million, indicating active asset management and liquidity generation [1] - The homes were acquired between 2022 and 2023 at a total cost of around $1.7 million, reflecting a slight loss on the sales [1] Financial Performance - Total sales from the three homes amounted to approximately $1.6 million [1] - The total acquisition price for these homes was approximately $1.7 million, resulting in a loss of about $100,000 on the sales [1]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - 89bio, Inc. (ETNB) increased by 83% to $14.84 [3] - Aptevo Therapeutics Inc. (APVO) rose by 75% to $2.47 [3] - Psyence Biomedical Ltd. (PBM) saw a 29% increase to $4.82 [3] - Beam Global (BEEM) gained 27% reaching $3.23 [3] - MicroAlgo Inc. (MLGO) was up 14% at $13.06 [3] - Akero Therapeutics, Inc. (AKRO) increased by 12% to $47.50 [3] - Hyperion DeFi, Inc. (HYPD) rose by 11% to $13.69 [3] - Sonnet BioTherapeutics Holdings, Inc. (SONN) increased by 11% to $7.85 [3] - FuelCell Energy, Inc. (FCEL) was up 9% at $8.34 [3] - Robo.ai Inc. (AIIO) gained 6% to $2.05 [3] Premarket Losers - Presidio Property Trust, Inc. (SQFT) decreased by 14% to $7.58 [4] - Aeluma, Inc. (ALMU) fell by 10% to $15.18 [4] - FGI Industries Ltd. (FGI) dropped 10% to $7.65 [4] - Lazydays Holdings, Inc. (GORV) was down 9% at $2.26 [4] - StableX Technologies, Inc. (SBLX) decreased by 8% to $5.40 [4] - Artelo Biosciences, Inc. (ARTL) fell by 8% to $4.48 [4] - SciSparc Ltd. (SPRC) decreased by 8% to $4.10 [4] - Cracker Barrel Old Country Store, Inc. (CBRL) was down 7% at $45.75 [4] - Columbus Circle Capital Corp I (BRR) fell by 7% to $9.42 [4] - Visionary Holdings Inc. (GV) decreased by 7% to $2.58 [4]