Presidio Property Trust Reports Revenue Decline and Net Loss in Q2 2026

Presidio Property Trust, Inc. reported a decline in financial performance for the second quarter of 2026, with total revenues of approximately $3.8 million, down from $4.4 million in the same period last year. For the six months ended June 30, 2026, revenues were approximately $7.6 million, compared to $8.5 million for the first half of 2025. The decrease in revenue is attributed to reduced rental income from commercial properties, particularly following the sale of the Dakota Center property in January 2026. The company also recorded a net loss attributable to common stockholders of approximately $4.4 million for the second quarter, an improvement from a net loss of $5.3 million in the prior year.

In terms of operational changes, Presidio Property Trust did not acquire any new properties during the first half of 2026, contrasting with the acquisition of 22 model homes for approximately $9.4 million in the same period of 2025. The company sold one commercial property, Dakota Center, for approximately $4.7 million and nine model homes for about $4.0 million during the first half of 2026. The total real estate assets held by the company decreased to approximately $95.0 million as of June 30, 2026, down from $114.6 million a year earlier, reflecting a reduction in the number of model homes held.

The company’s operational metrics showed a reduction in rental operating costs, which totaled approximately $1.3 million for the second quarter of 2026, compared to $1.5 million in the same quarter of 2025. General and administrative expenses increased slightly to approximately $1.3 million, up from $1.2 million year-over-year. The company has been actively working to reduce these expenses, including a voluntary salary reduction from the CEO and a reduction in the Board of Directors. The employee headcount has also been reduced, with further cuts anticipated.

Looking ahead, Presidio Property Trust is focused on improving its liquidity and capital resources. As of June 30, 2026, the company had approximately $5.9 million in cash and cash equivalents, down from $7.4 million at the end of 2025. The company has suspended dividends on its Series D Preferred Stock and did not declare any dividends on its common stock during the first half of 2026. Management is exploring various financing options, including refinancing existing mortgages and potential property sales, to meet its liquidity needs and support future growth. The company remains committed to evaluating its portfolio and identifying opportunities for reinvestment to enhance performance.