Here are the 10-K annual reports from Presidio Property Trust, Inc. (SQFT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SQFT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SQFT filings page.
Presidio Property Trust files its annual report describing a mixed office and model home real estate portfolio and several major 2025 capital actions. The company owned 10 commercial properties plus partial interests in two, and 80 model homes with a net book value of about $36.7 million as of December 31, 2025.
During 2025 it sold 20 model homes for roughly $9.8 million and two commercial properties for about $15.9 million, recognizing total gains near $5.5 million. It also completed a fixed-price tender offer, repurchasing 214,412 Series A common shares at $6.80 per share, plus additional open-market repurchases of common and Series D preferred stock.
The company executed a 1‑for‑10 reverse stock split in May 2025 and continues to finance operations with largely non‑recourse mortgage debt. Recourse debt totaled $22.6 million at year-end, and one large non‑recourse commercial loan on Shea Center II went into default in early 2026, with the property moving into receivership.
Presidio’s 9.375% Series D preferred stock totals 1,029,054 issued shares from offerings in 2021 and 2024. Beginning with the dividend payable February 15, 2026, the board suspended monthly dividends on this preferred, though cumulative dividends continue to accrue at $0.19531 per share each month. The company remains a REIT, emphasizing regional office/industrial assets and model home sale‑leasebacks, but highlights risks from leverage, geographic concentration, inflation, refinancing pressures, and potential economic or public‑health shocks.