Presidio Property Trust, Inc. reported a total revenue of approximately $16.8 million for the fiscal year ended December 31, 2025, a decrease of 11.2% from the $18.9 million recorded in 2024. The decline in revenue is attributed primarily to reduced commercial real estate rental income following the sale of two commercial properties in February 2025. The company also recognized a net loss of $8.3 million attributable to common stockholders, compared to a net loss of $25.6 million in the previous year. This significant reduction in losses is partly due to a decrease in general and administrative expenses, which fell by 24.2% to approximately $5.7 million, down from $7.5 million in 2024.
In terms of strategic developments, Presidio Property Trust acquired 22 model home properties during 2025 for approximately $9.4 million, financed through a combination of cash and mortgage notes. This acquisition strategy aligns with the company's focus on expanding its model home portfolio, which now includes 80 properties across four states. The company also disposed of 20 model homes for about $9.8 million, realizing a gain of approximately $1 million. Additionally, the company sold two commercial properties for approximately $15.9 million, resulting in a net gain of about $4.5 million.
Operationally, the company reported a total of 131 commercial tenants with an average remaining lease term of approximately three years. As of December 31, 2025, the model home properties accounted for 23.5% of total revenue, reflecting a slight increase from the previous year. The company’s commercial properties are geographically diversified across California, Colorado, Maryland, North Dakota, and Texas, with a significant concentration in Texas for model homes. The company’s total debt as of December 31, 2025, was approximately $92.1 million, a decrease from $102.8 million in 2024, with a weighted average interest rate of 6.16%.
Looking ahead, Presidio Property Trust anticipates challenges in maintaining revenue levels due to the recent sale of properties and the impact of the ongoing economic environment. The company expects to face approximately $30 million in principal payments on mortgage notes in 2026, with plans to refinance or sell properties to meet these obligations. The Board of Directors has suspended dividends on its Series D Preferred Stock as of January 2026, aiming to preserve approximately $2.3 million in cash annually. The company remains focused on evaluating potential acquisitions and managing its existing portfolio to enhance long-term shareholder value.
About Presidio Property Trust, Inc.
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