Presidio Property Trust Files 2024 10-K
Ticker: SQFTW · Form: 10-K · Filed: Mar 31, 2025 · CIK: 1080657
| Field | Detail |
|---|---|
| Company | Presidio Property Trust, Inc. (SQFTW) |
| Form Type | 10-K |
| Filed Date | Mar 31, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: real-estate, 10-k, lease-agreement
Related Tickers: SQFT
TL;DR
SQFT filed its 2024 10-K. Assets $100M, Liabilities $12.8M. Big lease signed in 2022.
AI Summary
Presidio Property Trust, Inc. (NASDAQ: SQFT) filed its 10-K for the fiscal year ending December 31, 2024. The company reported total assets of $100,000,000 and total liabilities of $12,834,317. A significant event mentioned was the lease signing with KLJ Engineering for the Grand Pacific Center in Bismarck, ND, on December 7, 2022, for 33,296 square feet with an annualized rent of $532,736.
Why It Matters
This filing provides a comprehensive overview of Presidio Property Trust's financial health and operational activities for the past fiscal year, offering insights into its real estate portfolio and performance.
Risk Assessment
Risk Level: medium — The filing details financial performance and assets, but the real estate sector can be subject to market fluctuations and interest rate risks.
Key Numbers
- $100.0B — Total Assets (As of fiscal year end 2024)
- $12.8B — Total Liabilities (As of fiscal year end 2024)
- $532,736 — Annualized Rent (From KLJ Engineering lease signed Dec 7, 2022)
Key Players & Entities
- Presidio Property Trust, Inc. (company) — Filer of the 10-K
- NASDAQ: SQFT (company) — Stock ticker symbol
- December 31, 2024 (date) — Fiscal year end
- $100,000,000 (dollar_amount) — Total assets
- $12,834,317 (dollar_amount) — Total liabilities
- KLJ Engineering (company) — Tenant with a major lease
- December 7, 2022 (date) — Date of KLJ Engineering lease signing
- $532,736 (dollar_amount) — Annualized rent from KLJ Engineering lease
FAQ
What were Presidio Property Trust's total revenues for the fiscal year ending December 31, 2024?
The provided text does not explicitly state the total revenues for the fiscal year ending December 31, 2024. It focuses on asset and liability figures and a specific lease agreement.
What is the total square footage of Presidio Property Trust's real estate portfolio?
The filing does not provide the total square footage of the entire portfolio, but it does mention a lease for 33,296 usable square feet at the Grand Pacific Center.
What is the company's net income or loss for the fiscal year 2024?
The provided excerpt does not contain information regarding the company's net income or loss for the fiscal year 2024.
What were the significant changes in Presidio Property Trust's property holdings during 2024?
The filing mentions that the Grand Pacific Center was removed from held-for-sale status after a major lease was signed in December 2022, but it does not detail other significant property changes in 2024.
What is the term of the lease agreement with KLJ Engineering?
The lease agreement with KLJ Engineering has a term of 122 months.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 31, 2025 regarding Presidio Property Trust, Inc. (SQFTW).