Presidio Property Trust Reports Revenue Decline and Improved Net Loss in Q3 2025

Presidio Property Trust, Inc. reported a decline in financial performance for the third quarter of 2025, with total revenues of approximately $4.2 million, down from $4.7 million in the same period last year. For the nine months ended September 30, 2025, total revenues were approximately $12.7 million, compared to $14.1 million for the same period in 2024. The decrease in revenue is attributed to reduced commercial real estate rental income following the sale of two commercial properties in February 2025, as well as a decline in model home rental income and transaction fees.

The company's net loss for the third quarter was approximately $1.3 million, a significant improvement from a net loss of $5.7 million in the prior year. For the nine-month period, the net loss was approximately $4.3 million, compared to a loss of $23.1 million in the same period in 2024. The improvement in net loss is largely due to a reduction in general and administrative expenses, which decreased from $5.9 million to $4.3 million year-over-year, and a significant reduction in impairment charges.

In terms of operational developments, Presidio Property Trust acquired 22 model homes for approximately $9.4 million during the nine months ended September 30, 2025, funded through cash and mortgage notes. The company also sold two commercial properties for approximately $15.9 million, recognizing a net gain of about $4.5 million. As of September 30, 2025, the company owned or had an equity interest in 10 commercial properties and 84 model homes, with total real estate assets valued at approximately $113.3 million.

The company continues to face challenges, including the need to refinance maturing loans and manage its liquidity. As of September 30, 2025, Presidio had approximately $8.0 million in cash and cash equivalents, with future capital needs including debt service, property maintenance, and potential dividends. Management has indicated that they are exploring refinancing options and may consider selling properties if necessary. The company has not declared a cash dividend on its Series A Common Stock for the nine months ended September 30, 2025, but it has continued to pay dividends on its Series D Preferred Stock.

Looking ahead, Presidio Property Trust remains focused on enhancing its portfolio and managing its financial obligations. The company is actively seeking investments that can generate income and achieve long-term gains, while also evaluating its liquidity requirements to ensure operational sustainability. The management believes that the combination of existing cash and the ability to refinance mortgages will support operations through at least the next twelve months.