Presidio Property Trust Q1 2025: Stable Assets, Complex Ownership
Ticker: SQFTW · Form: 10-Q · Filed: May 14, 2025 · CIK: 1080657
| Field | Detail |
|---|---|
| Company | Presidio Property Trust, Inc. (SQFTW) |
| Form Type | 10-Q |
| Filed Date | May 14, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: real-estate, 10-Q, ownership-structure
TL;DR
PPT's Q1 2025 10-Q shows stable financials but complex ownership of Genesis Plaza.
AI Summary
Presidio Property Trust, Inc. filed its 10-Q for the period ending March 31, 2025. The company reported minimal changes in key financial metrics, with total assets and liabilities remaining stable. Notably, the company's ownership structure for Genesis Plaza involves two tenants-in-common, where Presidio Property Trust, Inc. beneficially owns an aggregate of 92.0%.
Why It Matters
This filing provides insight into Presidio Property Trust's financial health and its intricate ownership of real estate assets like Genesis Plaza, which could impact future investment decisions and shareholder value.
Risk Assessment
Risk Level: medium — The complexity in ownership of key assets like Genesis Plaza introduces potential risks related to control and future disposition.
Key Numbers
- 92.0% — Beneficial Ownership (Presidio Property Trust's aggregate beneficial ownership of Genesis Plaza.)
- 57% — Ownership Stake (NetREIT Genesis's ownership stake in Genesis Plaza.)
- 43% — Ownership Stake (NetREIT Genessis II's ownership stake in Genesis Plaza.)
Key Players & Entities
- Presidio Property Trust, Inc. (company) — Filer of the 10-Q
- Genesis Plaza (company) — Property owned by tenants-in-common
- NetREIT Genesis (company) — Tenant-in-common owner of Genesis Plaza
- NetREIT Genessis II (company) — Tenant-in-common owner of Genesis Plaza
- 92.0% (dollar_amount) — Presidio's beneficial ownership of Genesis Plaza
- March 31, 2025 (date) — End of the reporting period
- July 2024 (date) — Mentioned in the context of ownership changes
FAQ
What is Presidio Property Trust's exact ownership percentage in NetREIT Genesis and NetREIT Genesis II?
Presidio Property Trust, Inc. has 100% ownership of NetREIT Genesis and 81.5% ownership of NetREIT Genesis II.
How is Genesis Plaza owned, and what is Presidio's stake?
Genesis Plaza is owned by two tenants-in-common, NetREIT Genesis (57%) and NetREIT Genessis II (43%). Presidio Property Trust, Inc. beneficially owns an aggregate of 92.0% of Genesis Plaza.
When did the reporting period for this 10-Q filing conclude?
The Conformed Period of Report is March 31, 2025.
What was the previous name of Presidio Property Trust, Inc.?
The company was formerly known as NETREIT, INC. and NETREIT.
What is the business address of Presidio Property Trust, Inc.?
The business address is 4995 Murphy Canyon Road, Suite 300, San Diego, CA 92123.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 14, 2025 regarding Presidio Property Trust, Inc. (SQFTW).