v3.26.1
Note 13 - Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Segment Reporting Information, Net Operating Income by Segment [Table Text Block]
  

For the Three Months Ended June 30, 2026

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 
                     

Rental revenue

 $93,574  $2,448,222  $816,060  $—  $3,357,856 

Recovery revenue

  -   398,512   —   —   398,512 

Other operating revenue

  -   51,316   512   6,879   58,707 

Total revenues

  93,574   2,898,050   816,572   6,879   3,815,075 
                     

Rental operating costs

  5,261   1,323,387   42,064   (112,048)  1,258,664 

Net Operating Income (NOI)

  88,313   1,574,663   774,508   118,927   2,556,411 
                     

Gain on Sale - Model Homes

  —   —   (21,997)  —   (21,997)

Impairment of Model Homes

  —   —   (144,688)  —   (144,688)
                     

Adjusted NOI

 $88,313  $1,574,663  $607,823  $118,927  $2,389,726 
  

For the Three Months Ended June 30, 2025

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 
                     

Rental revenue

 $93,574  $2,452,956  $1,019,301  $—  $3,565,831 

Recovery revenue

  -   715,922   —   —   715,922 

Other operating revenue

  -   64,893   428   31,666   96,987 

Total revenues

  93,574   3,233,771   1,019,729   31,666   4,378,740 
                     

Rental operating costs

  4,824   1,549,497   49,940   (141,656)  1,462,605 

Net Operating Income (NOI)

  88,750   1,684,274   969,789   173,322   2,916,135 
                     

Gain on Sale - Model Home

  —   —   323,359   —   323,359 

Impairment of Model Homes

  —   —   (90,769)  —   (90,769)
                     

Adjusted NOI

 $88,750  $1,684,274  $1,202,379  $173,322  $3,148,725 
  

For the Six Months Ended June 30, 2026

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 
                     

Rental revenue

 $187,148  $4,682,717  $1,735,949  $—  $6,605,814 

Recovery revenue

  -   834,598   —   —   834,598 

Other operating revenue

  -   134,115   6,047   7,301   147,463 

Total revenues

  187,148   5,651,430   1,741,996   7,301   7,587,875 
                     

Rental operating costs

  10,093   2,954,224   90,941   (252,153)  2,803,105 

Net Operating Income (NOI)

  177,055   2,697,206   1,651,055   259,454   4,784,770 
                     

Gain on Sale - Model Homes

  —   —   150,099   —   150,099 

Impairment of Model Homes

  —   —   (220,327)  —   (220,327)
                     

Adjusted NOI

 $177,055  $2,697,206  $1,580,827  $259,454  $4,714,542 
  

For the Six Months Ended June 30, 2025

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 
                     

Rental revenue

 $300,013  $4,920,507  $1,934,822  $—  $7,155,342 

Recovery revenue

  56,439   1,102,401   —   —   1,158,840 

Other operating revenue

  400   127,255   (1,326)  63,414   189,743 

Total revenues

  356,852   6,150,163   1,933,496   63,414   8,503,925 
                     

Rental operating costs

  105,392   3,167,862   98,097   (296,103)  3,075,248 

Net Operating Income (NOI)

  251,460   2,982,301   1,835,399   359,517   5,428,677 
                     

Gain on Sale - Model Home

  —   —   564,258   —   564,258 

Impairment of Model Homes

  —   —   (117,712)  —   (117,712)
                     

Adjusted NOI

 $251,460  $2,982,301  $2,281,945  $359,517  $5,875,223 
Segment Reporting [Table Text Block]
  

For the Three Months Ended June 30, 2026

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 

Revenues:

                    

Rental income

 $93,574  $2,846,734  $816,060  $—  $3,756,368 

Fees and other income

  -   51,316   512   6,879   58,707 

Total revenue

  93,574   2,898,050   816,572   6,879   3,815,075 

Costs and expenses:

                    

Rental operating costs

  5,261   1,323,387   42,064   (112,048)  1,258,664 

General and administrative

  —   20   225,959   1,115,318   1,341,297 

Depreciation and amortization

  22,928   694,602   180,707   473   898,710 

Impairment of goodwill and real estate assets

  —   2,833,462   144,688   —   2,978,150 

Total costs and expenses

  28,189   4,851,471   593,418   1,003,743   6,476,821 

Other income (expense):

                    

Interest expense - mortgage notes

  (38,728)  (670,352)  (441,573)  (1,279)  (1,151,932)

Interest and other income, net

  —   —   8   5,198   5,206 

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

  —   —   —   5,743   5,743 

Gain on sales of real estate, net

  —   —   (21,997)  —   (21,997)

Gain on disposition of assets and liabilities, net

  —   —   —   —   - 

Income tax (expense) benefit

  —   (2,000)  (3,630)  (21,000)  (26,630)

Total other income (expense), net

  (38,728)  (672,352)  (467,192)  (11,338)  (1,189,610)

Net income (loss)

  26,657   (2,625,773)  (244,038)  (1,008,202)  (3,851,356)

Less: Income attributable to noncontrolling interests

  —   (11,438)  51,668   —   40,230 

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

 $26,657  $(2,637,211) $(192,370) $(1,008,202) $(3,811,126)
  

For the Three Months Ended June 30, 2025

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 

Revenues:

                    

Rental income

 $93,574  $3,168,878  $1,019,301  $—  $4,281,753 

Fees and other income

  -   64,893   428   31,666   96,987 

Total revenue

  93,574   3,233,771   1,019,729   31,666   4,378,740 

Costs and expenses:

                    

Rental operating costs

  4,824   1,549,497   49,940   (141,656)  1,462,605 

General and administrative

  —   —   187,935   1,035,723   1,223,658 

Depreciation and amortization

  22,928   955,575   231,954   1,234   1,211,691 

Impairment of goodwill and real estate assets

  —   4,226,620   90,769   —   4,317,389 

Total costs and expenses

  27,752   6,731,692   560,598   895,301   8,215,343 

Other income (expense):

                    

Interest expense - mortgage notes

  (39,942)  (921,953)  (514,636)  (1,339)  (1,477,870)

Interest and other income, net

  —   —   8   5,198   5,206 

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

  —   —   —   (7,802)  (7,802)

Gain on sales of real estate, net

  —   —   323,359   —   323,359 

Income tax (expense) benefit

  —   —   (30,310)  (23,600)  (53,910)

Total other income (expense), net

  (39,942)  (921,953)  (221,579)  (27,543)  (1,211,017)

Net income (loss)

  25,880   (4,419,874)  237,552   (891,178)  (5,047,620)

Less: Income attributable to noncontrolling interests

  —   (11,655)  (217,250)  —   (228,905)

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

 $25,880  $(4,431,529) $20,302  $(891,178) $(5,276,525)
  

For the Six Months Ended June 30, 2026

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 

Revenues:

                    

Rental income

 $187,148  $5,517,315  $1,735,949  $—  $7,440,412 

Fees and other income

  —   134,115   6,047   7,301   147,463 

Total revenue

  187,148   5,651,430   1,741,996   7,301   7,587,875 

Costs and expenses:

                    

Rental operating costs

  10,093   2,954,224   90,941   (252,153)  2,803,105 

General and administrative

  —   17,519   452,842   2,544,759   3,015,120 

Depreciation and amortization

  45,856   1,478,878   371,998   947   1,897,679 

Impairment of goodwill and real estate assets

  —   3,282,197   220,326   —   3,502,523 

Total costs and expenses

  55,949   7,732,818   1,136,107   2,293,553   11,218,427 

Other income (expense):

                    

Interest expense - mortgage notes

  (81,845)  (2,213,435)  (904,131)  (2,595)  (3,202,006)

Interest and other income, net

  —   —   15   10,340   10,355 

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

  —   —   —   7,728   7,728 

Gain on sales of real estate, net

  —   —   150,099   —   150,099 

Gain on disposition of assets and liabilities, net

  —   3,416,501   —   —   3,416,501 

Income tax (expense) benefit

  —   (2,000)  (19,287)  (23,400)  (44,687)

Total other income (expense), net

  (81,845)  1,201,066   (773,304)  (7,927)  337,990 

Net income (loss)

  49,354   (880,322)  (167,415)  (2,294,179)  (3,292,562)

Less: Income attributable to noncontrolling interests

  —   (9,385)  (68,270)  —   (77,655)

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

 $49,354  $(889,707) $(235,685) $(2,294,179) $(3,370,217)
  

For the Six Months Ended June 30, 2025

 
                     
  

Retail

  

Office/Industrial

  

Model Homes

  

Corporate and Other

  

Total

 

Revenues:

                    

Rental income

 $356,452  $6,022,908  $1,934,822  $—  $8,314,182 

Fees and other income

  400   127,255   (1,326)  63,414   189,743 

Total revenue

  356,852   6,150,163   1,933,496   63,414   8,503,925 

Costs and expenses:

                    

Rental operating costs

  105,392   3,167,862   98,097   (296,103)  3,075,248 

General and administrative

  —   16,850   417,895   2,450,889   2,885,634 

Depreciation and amortization

  54,617   1,954,744   443,967   2,468   2,455,796 

Impairment of goodwill and real estate assets

  —   4,226,620   117,712   —   4,344,332 

Total costs and expenses

  160,009   9,366,076   1,077,671   2,157,254   12,761,010 

Other income (expense):

                    

Interest expense - mortgage notes

  (198,039)  (1,813,284)  (974,346)  (2,672)  (2,988,341)

Interest and other income, net

  —   —   15   10,339   10,354 

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

  —   —   —   (184,459)  (184,459)

Gain on sales of real estate, net

  4,213,068   —   564,259   —   4,777,327 

Income tax (expense) benefit

  —   —   (52,481)  23,980   (28,501)

Total other income (expense), net

  4,015,029   (1,813,284)  (462,553)  (152,812)  1,586,380 

Net income (loss)

  4,211,872   (5,029,197)  393,272   (2,246,652)  (2,670,705)

Less: Income attributable to noncontrolling interests

  —   (29,614)  (310,854)  —   (340,468)

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

 $4,211,872  $(5,058,811) $82,418  $(2,246,652) $(3,011,173)
Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]
       

Assets by Reportable Segment:

 

June 30, 2026

  

December 31, 2025

 

Office/Industrial Properties:

        

Land, buildings and improvements, net (1)

 $58,357,566  $67,445,290 

Total assets (2)

 $66,450,387  $68,980,087 

Model Home Properties:

        

Land, buildings and improvements, net (1)

 $32,185,582  $36,688,462 

Total assets (2)

 $32,091,087  $37,301,777 

Retail Properties:

        

Land, buildings and improvements, net (1)

 $4,462,995  $4,508,851 

Total assets (2)

 $4,633,481  $4,669,852 

Reconciliation to Total Assets:

        

Total assets for reportable segments

 $103,174,955  $110,951,716 

Corporate and other assets:

        

Cash, cash equivalents and restricted cash

  248,834   173,621 

Other assets, net

  3,234,967   10,927,537 

Total Assets

 $106,658,756  $122,052,874 
Segment Reporting, Reconciliation of Other Item by Segment to Consolidated [Table Text Block]
  

For the Six Months Ended June 30,

 

Capital Expenditures by Reportable Segment

 

2026

  

2025

 

Office/Industrial Properties:

        

Capital expenditures and tenant improvements, office

 $379,206  $360,708 

Model Home Properties:

        

Acquisition of operating properties, model home

  —   4,270,192 

Totals:

        

Acquisition of operating properties, net

  —   4,270,192 

Capital expenditures and tenant improvements

  379,206   360,708 

Total real estate investments

 $379,206  $4,630,900