v3.26.1
Note 13 - Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Notes Tables  
Segment Reporting [Table Text Block]
  

For the Three Months Ended March 31, 2026

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 

Revenues:

                    

Rental income

 $93,574  $2,670,580  $919,890  $—  $3,684,044 

Fees and other income

  -   82,800   5,534   422   88,756 

Total revenue

  93,574   2,753,380   925,424   422   3,772,800 

Costs and expenses:

                    

Rental operating costs

  4,832   1,630,837   48,877   (140,105)  1,544,441 

General and administrative

  —   17,499   226,882   1,429,442   1,673,823 

Depreciation and amortization

  22,928   784,276   191,292   473   998,969 

Impairment of goodwill and real estate assets

  —   448,734   75,639   —   524,373 

Total costs and expenses

  27,760   2,881,346   542,690   1,289,810   4,741,606 

Other income (expense):

                    

Interest expense - mortgage notes

  (43,117)  (1,543,083)  (462,558)  (1,316)  (2,050,074)

Interest and other income, net

  —   —   9   5,140   5,149 

Net loss in Conduit Pharmaceuticals marketable securities (see footnote 9)

  —   —   —   1,985   1,985 

Gain on sales of real estate, net

  —   —   172,096   —   172,096 

Gain on disposition of assets and liabilities, net

  —   3,416,501   —   —   3,416,501 

Income tax (expense) benefit

  —   —   (15,657)  (2,400)  (18,057)

Total other income (expense), net

  (43,117)  1,873,418   (306,110)  3,409   1,527,600 

Net income (loss)

  22,697   1,745,452   76,624   (1,285,979)  558,794 

Less: Income attributable to noncontrolling interests

  —   2,053   (119,938)  —   (117,885)

Net income (loss) attributable to Presidio Property Trust, Inc. stockholders

 $22,697  $1,747,505  $(43,314) $(1,285,979) $440,909 
  

For the Three Months Ended March 31, 2025

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 

Revenues:

                    

Rental income

 $262,878  $2,854,030  $915,521  $—  $4,032,429 

Fees and other income

  400   62,362   (1,754)  31,747   92,755 

Total revenue

  263,278   2,916,392   913,767   31,747   4,125,184 

Costs and expenses:

                    

Rental operating costs

  100,568   1,618,365   48,157   (154,448)  1,612,642 

General and administrative

  —   16,850   229,961   1,415,167   1,661,978 

Depreciation and amortization

  31,689   999,169   212,012   1,234   1,244,104 

Impairment of goodwill and real estate assets

  —   —   26,943   —   26,943 

Total costs and expenses

  132,257   2,634,384   517,073   1,261,953   4,545,667 

Other income (expense):

                    

Interest expense - mortgage notes

  (158,097)  (891,330)  (459,710)  (1,333)  (1,510,470)

Interest and other income, net

  —   —   8   5,141   5,149 

Net gain in Conduit Pharmaceuticals marketable securities (see footnote 9)

  —   —   —   (176,658)  (176,658)

Gain on sales of real estate, net

  4,213,068   —   240,900   —   4,453,968 

Income tax (expense) benefit

  —   —   (22,171)  47,580   25,409 

Total other income (expense), net

  4,054,971   (891,330)  (240,973)  (125,270)  2,797,398 

Net income (loss)

  4,185,992   (609,322)  155,721   (1,355,476)  2,376,915 

Less: Income attributable to noncontrolling interests

  —   (17,959)  (93,604)  —   (111,563)

Net income (loss) attributable to Presidio Property Trust, Inc. stockholders

 $4,185,992  $(627,281) $62,117  $(1,355,476) $2,265,352 
Schedule of Segment Reporting Information, Net Operating Income by Segment [Table Text Block]
  

For the Three Months Ended March 31, 2026

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 
                     

Rental revenue

 $93,574  $2,234,494  $919,890  $—  $3,247,958 

Recovery revenue

  -   436,086   —   —   436,086 

Other operating revenue

  -   82,800   5,534   422   88,756 

Total revenues

  93,574   2,753,380   925,424   422   3,772,800 
                     

Rental operating costs

  4,832   1,630,837   48,877   (140,105)  1,544,441 

Net Operating Income (NOI)

  88,742   1,122,543   876,547   140,527   2,228,359 
                     

Gain on Sale - Model Homes

  —   —   172,096   —   172,096 

Impairment of Model Homes

  —   —   (75,639)  —   (75,639)
                     

Adjusted NOI

 $88,742  $1,122,543  $973,004  $140,527  $2,324,816 
  

For the Three Months Ended March 31, 2025

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 
                     

Rental revenue

 $206,439  $2,467,551  $915,521  $—  $3,589,511 

Recovery revenue

  56,439   386,479   —   —   442,918 

Other operating revenue

  400   62,362   (1,754)  31,747   92,755 

Total revenues

  263,278   2,916,392   913,767   31,747   4,125,184 
                     

Rental operating costs

  100,568   1,618,365   48,157   (154,448)  1,612,642 

Net Operating Income (NOI)

  162,710   1,298,027   865,610   186,195   2,512,542 
                     

Gain on Sale - Model Home

  —   —   240,899   —   240,899 

Impairment of Model Homes

  —   —   (26,943)  —   (26,943)
                     

Adjusted NOI

 $162,710  $1,298,027  $1,079,566  $186,195  $2,726,498 
Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]
  

March 31,

  

December 31,

 

Assets by Reportable Segment:

 

2026

  

2025

 

Office/Industrial Properties:

        

Land, buildings and improvements, net (1)

 $61,748,416  $67,445,290 

Total assets (2)

 $69,016,593  $68,980,087 

Model Home Properties:

        

Land, buildings and improvements, net (1)

 $34,253,639  $36,688,462 

Total assets (2)

 $34,519,643  $37,301,777 

Retail Properties:

        

Land, buildings and improvements, net (1)

 $4,485,923  $4,508,851 

Total assets (2)

 $4,652,651  $4,669,852 

Reconciliation to Total Assets:

        

Total assets for reportable segments

 $108,188,887  $110,951,716 

Corporate and other assets:

        

Cash, cash equivalents and restricted cash

  116,685   173,621 

Other assets, net

  2,941,203   10,927,537 

Total Assets

 $111,246,775  $122,052,874 
Segment Reporting, Reconciliation of Other Item by Segment to Consolidated [Table Text Block]
  

For the Three Months Ended March 31,

 

Capital Expenditures by Reportable Segment

 

2026

  

2025

 

Office/Industrial Properties:

        

Capital expenditures and tenant improvements, office

 $66,807  $360,708 

Model Home Properties:

        

Acquisition of operating properties, model home

  —   4,270,192 

Retail Properties:

        

Acquisition of operating properties

  —   — 

Capital expenditures and tenant improvements, retail

  —   — 

Totals:

        

Acquisition of operating properties, net

  —   4,270,192 

Capital expenditures and tenant improvements

  66,807   360,708 

Total real estate investments

 $66,807  $4,630,900