Welcome to our dedicated page for Presidio Ppty Tr SEC filings (Ticker: SQFT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Presidio Property Trust, Inc. filings document the REIT's operating results, portfolio disclosures, capital structure and governance. Form 8-K reports provide earnings releases and supplemental financial information, Series D preferred stock dividend actions, property-level financing matters, and material agreements such as at-the-market common stock sales arrangements.
Proxy materials cover shareholder voting and board governance, while material-event filings identify the company's listed securities, including Series A common stock, 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock and Series A common stock purchase warrants. The filings also record debt-related events affecting commercial property collateral.
Presidio Property Trust reported weaker results for the quarter ended March 31, 2026. Total revenue was about $3.8 million, down from roughly $4.1 million a year earlier, as rental income declined following the sale of Dakota Center.
Net income attributable to the company’s stockholders was $440,909, but after accounting for $570,541 of undeclared Series D preferred dividends in arrears, common stockholders had a net loss of about $129,632, or $(0.10) per share, versus earnings of $1.31 per share a year earlier.
Funds from operations (FFO) came in at $(2.1) million and Core FFO at $(1.9) million, both more negative than in 2025. The company recorded $524,373 of impairment charges and higher interest expense of about $2.1 million, including default interest on Dakota Center and Shea Center II.
Presidio sold Dakota Center for roughly $4.7 million and recorded a gain of about $3.4 million on extinguishment of its nonrecourse debt, helping reduce mortgage notes payable to approximately $82.4 million. Shea Center II remains in default and in receivership, with a foreclosure auction scheduled for June 17, 2026. Management is cutting G&A through headcount reductions, a 5% CEO salary cut starting April 2026, and shrinking the board by one director.
Presidio Property Trust, Inc. reported weaker results for the three months ended March 31, 2026. Total revenue was $3.8 million, down from $4.1 million a year earlier, as rental income declined. Net income was $0.6 million, but after factoring in undeclared cumulative Series D preferred dividends, common stockholders had a net loss of $0.1 million, or $(0.10) per share, versus earnings of $1.31 per share in 2025.
Operations used $1.0 million of cash, while $6.9 million of cash was generated from real estate sales, including the Dakota Center office property and five model homes. Mortgage repayments and preferred dividends drove $8.2 million of cash outflows from financing activities. The company recorded $0.5 million of impairment charges and higher mortgage interest expense.
Presidio ended the quarter with $111.2 million in total assets, $81.6 million of mortgage notes payable (net), and $25.2 million of total equity. A non‑recourse loan on the Shea Center II property is in default, the asset has been placed in receivership with a foreclosure sale scheduled for June 17, 2026, and monthly dividends on the Series D preferred stock have been suspended, with approximately $0.6 million in cumulative arrears.
Presidio Property Trust, Inc. reports that Armistice Capital, LLC and Steven Boyd beneficially own 75,718 shares of Series A Common Stock, representing 4.99% of the class as reported in this Schedule 13G/A amendment. The filing states Armistice Capital exercises shared voting and dispositive power over those shares under an Investment Management Agreement; the Master Fund is the direct holder.
Presidio Property Trust investor Jack K. Heilbron reports beneficial ownership of 237,482 shares of Series A Common Stock, representing 15.2% of the class. The percentage is based on 1,441,678 shares of Class A Common Stock outstanding as of March 31, 2026.
His holdings combine 60,869 shares and 1,212,772 warrants held directly, plus additional shares and warrants held through Puppy Toes, Inc. and its subsidiaries, his spouse, and for the benefit of his grandchildren, along with 29,670 unvested shares and 7,955 shares over which he holds certain voting rights. Each warrant is exercisable into one-tenth of a share.
Presidio Property Trust, Inc. is soliciting proxies for its 2026 virtual annual meeting on June 2, 2026. Stockholders will elect two Class III directors (Jack K. Heilbron and James R. Durfey), ratify Baker Tilly US, LLP as auditor, and vote on a key equity incentive plan change.
The board seeks approval to amend the 2017 Incentive Award Plan to raise available shares from 450,000 to 550,000 and add an evergreen feature that, on April 1 and October 1, can automatically lift the share pool to 15% of outstanding common stock if 550,000 shares are below that level. The board currently has six members and will move to five following the meeting.
Presidio Property Trust, Inc. Chief Executive Officer Jack Kendrick Heilbron reported an open-market sale of 5,884 shares of SQFT on April 10, 2026 at $3.92 per share. After this transaction, he holds a total of 114,079 shares, including shares held through Puppy Toes, Inc. and its subsidiaries, his spouse, his grandchildren, unvested stock awards, and shares held directly.
Presidio Property Trust director James Robert Durfey reported an open-market sale of 1,000 SQFT shares. The transaction took place on April 10, 2026 at a price of $3.89 per share. After this sale, he directly holds 11,588 SQFT shares, indicating a modest reduction in his personal position.
Morgan Stanley Smith Barney LLC Executive Financial Services filed a Form 144 reporting 1,000 shares of Common Stock related to restricted stock vesting under a registered plan. The filing lists 12/31/2024 as the vesting date and shows the Form 144 record on 04/10/2026.
Presidio Property Trust, Inc. reported a smaller loss but lower revenue for 2025. Total revenue was about $16.8 million, down from roughly $18.9 million, mainly due to reduced commercial rental income after selling two properties in February 2025.
Net loss attributable to common stockholders narrowed to about $10.6 million, or $8.65 per share, from roughly $27.9 million, or $22.50 per share, helped by $5.4 million of gains on real estate sales. However, the company recorded about $6.4 million of non‑cash impairments, largely on its Shea Center II and Dakota Center office assets.
FFO was about $(3.8) million and Core FFO about $(2.7) million, both negative. As of December 31, 2025, Presidio held real estate assets of roughly $108.6 million and total mortgage debt of about $92.1 million. Management highlighted strong 2025 leasing results, with 88% of expiring space renewing, including 84% of office leases, and continued emphasis on Sunbelt model homes.
Presidio Property Trust files its annual report describing a mixed office and model home real estate portfolio and several major 2025 capital actions. The company owned 10 commercial properties plus partial interests in two, and 80 model homes with a net book value of about $36.7 million as of December 31, 2025.
During 2025 it sold 20 model homes for roughly $9.8 million and two commercial properties for about $15.9 million, recognizing total gains near $5.5 million. It also completed a fixed-price tender offer, repurchasing 214,412 Series A common shares at $6.80 per share, plus additional open-market repurchases of common and Series D preferred stock.
The company executed a 1‑for‑10 reverse stock split in May 2025 and continues to finance operations with largely non‑recourse mortgage debt. Recourse debt totaled $22.6 million at year-end, and one large non‑recourse commercial loan on Shea Center II went into default in early 2026, with the property moving into receivership.
Presidio’s 9.375% Series D preferred stock totals 1,029,054 issued shares from offerings in 2021 and 2024. Beginning with the dividend payable February 15, 2026, the board suspended monthly dividends on this preferred, though cumulative dividends continue to accrue at $0.19531 per share each month. The company remains a REIT, emphasizing regional office/industrial assets and model home sale‑leasebacks, but highlights risks from leverage, geographic concentration, inflation, refinancing pressures, and potential economic or public‑health shocks.