Presidio Property Trust, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $4.8M
- Price
- $6.88
- % Change (Daily % change from the live per-ticker quote feed.)
- +5.36%
- Volume
- 3.7K
About
Presidio Property Trust, Inc., formerly known as NetREIT, functions as an internally managed, diversified Real Estate Investment Trust (REIT). The company's core business involves acquiring, owning, and actively managing a geographically diverse portfolio of real estate assets throughout the United States. These assets encompass various property types, including office buildings, industrial facilities, retail spaces, and residential model homes, with the latter being leased to homebuilders. As of September 30, 2020, its extensive holdings included 128 model homes (held through six affiliated limited partnerships and one wholly-owned corporation), a combined total of ten office buildings and one industrial property offering approximately 998,016 rentable square feet, and four retail shopping centers spanning about 131,722 rentable square feet.
Quick stats
Shares outstanding1.3M
Computed float493.1K
Float / shares37.7%
Key info
SectorReal Estate
IndustryREIT - Diversified
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001080657
Websitehttps://www.presidiopt.com
AI Summary
AI-generated3mo agostandardbearishearnings
Presidio Property Trust, Inc. Announces Earnings for the Quarter Ended March 31, 2026
Presidio Property Trust reported a Q1 2026 net loss of $0.10 per share, a sharp reversal from the $1.31 profit posted in the same quarter last year.
Total revenue declined 8.5% year-over-year to $3.77 million, while underlying Funds From Operations (FFO) turned negative at ($2.1) million, worsening from ($1.2) million in the prior year.
The reported net income of $558k was significantly boosted by a $3.4 million gain on the disposition of assets and liabilities, masking operational headwinds including $524k in asset impairments and a loss in its Conduit Pharmaceuticals investment.
Red flags
- Negative FFO and Core FFO indicate underlying operational cash flow is insufficient to cover distributions or growth
- Significant impairment charges ($524k) suggest asset valuation stress
- Net loss attributable to common stockholders despite positive consolidated net income due to preferred dividends and non-controlling interests
- Loan amendment requires maintaining $200k liquid assets, indicating tight liquidity constraints