Presidio Property Trust, Inc. Announces Earnings for the Quarter Ended March 31, 2026

About this update from Presidio Property Trust, Inc.

[{"type":"text","content":"SAN DIEGO, CA / ACCESS Newswire / May 15, 2026 / Presidio Property Trust, Inc. (Nasdaq:SQFT, SQFTP, SQFTW) (the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today reported earnings for its quarter ended March 31, 2026.","length":279,"tagName":"p"},{"type":"text","content":""We continue to seek suitable model home investment opportunities with builders in market areas we believe have upside potential. Those opportunities in market areas with strong employment in technology, artificial intelligence (AI), and industrial automation are of particular interest," said Steve Hightower, President of the Model Home Division.","length":358,"tagName":"p"},{"type":"text","content":""Our strategic evaluation of our commercial portfolio continues, as we focus on maximizing value through leasing and consider future sell/hold/buy potential. As with 2025, our tenant retention through the First Quarter has been excellent" said Gary Katz, the Company's Chief Investment Officer.","length":308,"tagName":"p"},{"type":"text","content":"The Quarter Ended March 31, 2026, Financial Results","length":51,"tagName":"p"},{"type":"text","content":"Net loss attributable to the Company's common stockholders for the three months ended March 31, 2026 was approximately $(129,632), or $(0.10) per basic and diluted share, compared to a net income of approximately $1.7 million, or $1.31 per basic and diluted share for the three months ended March 31, 2025. The change in net income attributable to the Company's common stockholders was a result of:","length":406,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"padding:.25pt;vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":"Total revenues were approximately $3.8 million for the three months ended March 31, 2026, compared to approximately $4.1 million for the same period in 2025. As of March 31, 2026, we had approximately $100.5 million in net real estate assets including 75 model homes, compared to approximately $117.4 million in net real estate assets, including 84 model homes at March 31, 2025. The average number of model homes held during the three months ended March 31, 2026 and 2025 was approximately 78 and 81, respectively. The change in revenue is directly relat...

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