Business
Presidio Property Trust, Inc. Announces Earnings for the Third Quarter Ended September 30, 2025
SAN DIEGO, CA / ACCESS Newswire / November 12, 2025 / Presidio Property Trust, Inc. (Nasdaq:SQFT, SQFTP, SQFTW) (the "Company"), an internally managed,
About this update from Presidio Property Trust, Inc.
[{"type":"text","content":"SAN DIEGO, CA / ACCESS Newswire / November 12, 2025 / Presidio Property Trust, Inc. (Nasdaq:SQFT, SQFTP, SQFTW) (the \"Company\"), an internally managed, diversified real estate investment trust (\"REIT\"), today reported earnings for its three months ended September 30, 2025.\"We fought through the worst office market in recent years to put Presidio in a position to capitalize when conditions normalized-and here we are, as industry headwinds are turning into tailwinds.,\" said Jack Heilbron, the Company's President and Chief Executive Officer.\"We have seen a slight uptick in resale activity as mortgage rates have inched lower; recent sales have exceeded our expectations. With the sentiment that rates will continue to ease, we are hopeful that activity will persist, allowing us to take advantage of the expected surge in demand. We also continue to analyze numerous acquisition opportunities, identifying properties that might fit our strict criteria,\" said Steve Hightower, President of the Model Home Division.The Third Quarter Ended September 30, 2025, Financial ResultsNet loss attributable to the Company's common stockholders for the three months ended September 30, 2025 was approximately $1.9 million, or $1.53 per basic and diluted share, compared to a net loss of approximately $6.6 million, or ($5.33) per basic and diluted share for the three months ended September 30, 2024. The change in net income attributable to the Company's common stockholders was a result of: •Total revenues were approximately $4.2 million for the three months ended September 30, 2025, compared to approximately $4.7 million for the same period in 2024. As of September 30, 2025, we had approximately $113.3 million in net real estate assets including 84 model homes, compared to approximately $131.4 million in net real estate assets including 83 model homes at September 30, 2024. The average number of model homes held during the three months ended September 30, 2025 and 2024 was 86 and 82, respectively. The change in revenue is directly related to the decrease in commercial real estate rental income during the current period, from the sale of our two commercial properties on February 7, 2025. •General and administrative (\"G&A\") expenses for the three months ended September 30, 2025 and 2024 totaled approximately $1.5 million and $1.6 million, respectivel...