Presidio Property Trust filings document the REIT's public-company governance, capital structure, preferred-stock terms, and material real estate financing events. Proxy statements cover shareholder voting matters and governance disclosures, while 8-K reports record events affecting the company's securities and property-level obligations.
For SQFTP, the filing record includes disclosures on the 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, including dividend suspension reporting and Nasdaq-listed security information. Other material-event filings describe debt-default notices, collateral and rent-control issues, and receivership matters tied to the Shea Center II property.
Presidio Property Trust reported weaker results for the quarter ended March 31, 2026. Total revenue was about $3.8 million, down from roughly $4.1 million a year earlier, as rental income declined following the sale of Dakota Center.
Net income attributable to the company’s stockholders was $440,909, but after accounting for $570,541 of undeclared Series D preferred dividends in arrears, common stockholders had a net loss of about $129,632, or $(0.10) per share, versus earnings of $1.31 per share a year earlier.
Funds from operations (FFO) came in at $(2.1) million and Core FFO at $(1.9) million, both more negative than in 2025. The company recorded $524,373 of impairment charges and higher interest expense of about $2.1 million, including default interest on Dakota Center and Shea Center II.
Presidio sold Dakota Center for roughly $4.7 million and recorded a gain of about $3.4 million on extinguishment of its nonrecourse debt, helping reduce mortgage notes payable to approximately $82.4 million. Shea Center II remains in default and in receivership, with a foreclosure auction scheduled for June 17, 2026. Management is cutting G&A through headcount reductions, a 5% CEO salary cut starting April 2026, and shrinking the board by one director.
Presidio Property Trust reported weaker results for the quarter ended March 31, 2026. Total revenue was about $3.8 million, down from roughly $4.1 million a year earlier, as rental income declined following the sale of Dakota Center.
Net income attributable to the company’s stockholders was $440,909, but after accounting for $570,541 of undeclared Series D preferred dividends in arrears, common stockholders had a net loss of about $129,632, or $(0.10) per share, versus earnings of $1.31 per share a year earlier.
Funds from operations (FFO) came in at $(2.1) million and Core FFO at $(1.9) million, both more negative than in 2025. The company recorded $524,373 of impairment charges and higher interest expense of about $2.1 million, including default interest on Dakota Center and Shea Center II.
Presidio sold Dakota Center for roughly $4.7 million and recorded a gain of about $3.4 million on extinguishment of its nonrecourse debt, helping reduce mortgage notes payable to approximately $82.4 million. Shea Center II remains in default and in receivership, with a foreclosure auction scheduled for June 17, 2026. Management is cutting G&A through headcount reductions, a 5% CEO salary cut starting April 2026, and shrinking the board by one director.
Presidio Property Trust, Inc. reported weaker results for the three months ended March 31, 2026. Total revenue was $3.8 million, down from $4.1 million a year earlier, as rental income declined. Net income was $0.6 million, but after factoring in undeclared cumulative Series D preferred dividends, common stockholders had a net loss of $0.1 million, or $(0.10) per share, versus earnings of $1.31 per share in 2025.
Operations used $1.0 million of cash, while $6.9 million of cash was generated from real estate sales, including the Dakota Center office property and five model homes. Mortgage repayments and preferred dividends drove $8.2 million of cash outflows from financing activities. The company recorded $0.5 million of impairment charges and higher mortgage interest expense.
Presidio ended the quarter with $111.2 million in total assets, $81.6 million of mortgage notes payable (net), and $25.2 million of total equity. A non‑recourse loan on the Shea Center II property is in default, the asset has been placed in receivership with a foreclosure sale scheduled for June 17, 2026, and monthly dividends on the Series D preferred stock have been suspended, with approximately $0.6 million in cumulative arrears.
Presidio Property Trust, Inc. reported weaker results for the three months ended March 31, 2026. Total revenue was $3.8 million, down from $4.1 million a year earlier, as rental income declined. Net income was $0.6 million, but after factoring in undeclared cumulative Series D preferred dividends, common stockholders had a net loss of $0.1 million, or $(0.10) per share, versus earnings of $1.31 per share in 2025.
Operations used $1.0 million of cash, while $6.9 million of cash was generated from real estate sales, including the Dakota Center office property and five model homes. Mortgage repayments and preferred dividends drove $8.2 million of cash outflows from financing activities. The company recorded $0.5 million of impairment charges and higher mortgage interest expense.
Presidio ended the quarter with $111.2 million in total assets, $81.6 million of mortgage notes payable (net), and $25.2 million of total equity. A non‑recourse loan on the Shea Center II property is in default, the asset has been placed in receivership with a foreclosure sale scheduled for June 17, 2026, and monthly dividends on the Series D preferred stock have been suspended, with approximately $0.6 million in cumulative arrears.
Presidio Property Trust, Inc. reports that Armistice Capital, LLC and Steven Boyd beneficially own 75,718 shares of Series A Common Stock, representing 4.99% of the class as reported in this Schedule 13G/A amendment. The filing states Armistice Capital exercises shared voting and dispositive power over those shares under an Investment Management Agreement; the Master Fund is the direct holder.
Presidio Property Trust, Inc. reports that Armistice Capital, LLC and Steven Boyd beneficially own 75,718 shares of Series A Common Stock, representing 4.99% of the class as reported in this Schedule 13G/A amendment. The filing states Armistice Capital exercises shared voting and dispositive power over those shares under an Investment Management Agreement; the Master Fund is the direct holder.
Presidio Property Trust investor Jack K. Heilbron reports beneficial ownership of 237,482 shares of Series A Common Stock, representing 15.2% of the class. The percentage is based on 1,441,678 shares of Class A Common Stock outstanding as of March 31, 2026.
His holdings combine 60,869 shares and 1,212,772 warrants held directly, plus additional shares and warrants held through Puppy Toes, Inc. and its subsidiaries, his spouse, and for the benefit of his grandchildren, along with 29,670 unvested shares and 7,955 shares over which he holds certain voting rights. Each warrant is exercisable into one-tenth of a share.
Presidio Property Trust investor Jack K. Heilbron reports beneficial ownership of 237,482 shares of Series A Common Stock, representing 15.2% of the class. The percentage is based on 1,441,678 shares of Class A Common Stock outstanding as of March 31, 2026.
His holdings combine 60,869 shares and 1,212,772 warrants held directly, plus additional shares and warrants held through Puppy Toes, Inc. and its subsidiaries, his spouse, and for the benefit of his grandchildren, along with 29,670 unvested shares and 7,955 shares over which he holds certain voting rights. Each warrant is exercisable into one-tenth of a share.
Presidio Property Trust, Inc. is soliciting proxies for its 2026 virtual annual meeting on June 2, 2026. Stockholders will elect two Class III directors (Jack K. Heilbron and James R. Durfey), ratify Baker Tilly US, LLP as auditor, and vote on a key equity incentive plan change.
The board seeks approval to amend the 2017 Incentive Award Plan to raise available shares from 450,000 to 550,000 and add an evergreen feature that, on April 1 and October 1, can automatically lift the share pool to 15% of outstanding common stock if 550,000 shares are below that level. The board currently has six members and will move to five following the meeting.
Presidio Property Trust, Inc. is soliciting proxies for its 2026 virtual annual meeting on June 2, 2026. Stockholders will elect two Class III directors (Jack K. Heilbron and James R. Durfey), ratify Baker Tilly US, LLP as auditor, and vote on a key equity incentive plan change.
The board seeks approval to amend the 2017 Incentive Award Plan to raise available shares from 450,000 to 550,000 and add an evergreen feature that, on April 1 and October 1, can automatically lift the share pool to 15% of outstanding common stock if 550,000 shares are below that level. The board currently has six members and will move to five following the meeting.
Presidio Property Trust director James Robert Durfey reported an open-market sale of 1,000 SQFT shares. The transaction took place on April 10, 2026 at a price of $3.89 per share. After this sale, he directly holds 11,588 SQFT shares, indicating a modest reduction in his personal position.
Presidio Property Trust director James Robert Durfey reported an open-market sale of 1,000 SQFT shares. The transaction took place on April 10, 2026 at a price of $3.89 per share. After this sale, he directly holds 11,588 SQFT shares, indicating a modest reduction in his personal position.
Morgan Stanley Smith Barney LLC Executive Financial Services filed a Form 144 reporting 1,000 shares of Common Stock related to restricted stock vesting under a registered plan. The filing lists 12/31/2024 as the vesting date and shows the Form 144 record on 04/10/2026.
Morgan Stanley Smith Barney LLC Executive Financial Services filed a Form 144 reporting 1,000 shares of Common Stock related to restricted stock vesting under a registered plan. The filing lists 12/31/2024 as the vesting date and shows the Form 144 record on 04/10/2026.
Bentzen Edwin H IV reported acquisition or exercise transactions in this Form 4 filing.
Presidio Property Trust, Inc. reported that its Chief Financial Officer, Edwin H. Bentzen IV, received a grant of 2,800 shares of Common Stock - Series A on January 6, 2026. The grant was recorded at a price of $3.69 per share as a non-derivative equity award.
After this award, the CFO directly owns 34,535 shares of the company’s stock. This transaction reflects a stock-based compensation grant rather than an open-market purchase or sale, aligning the executive’s interests more closely with shareholders through additional equity ownership.
Bentzen Edwin H IV reported acquisition or exercise transactions in this Form 4 filing.
Presidio Property Trust, Inc. reported that its Chief Financial Officer, Edwin H. Bentzen IV, received a grant of 2,800 shares of Common Stock - Series A on January 6, 2026. The grant was recorded at a price of $3.69 per share as a non-derivative equity award.
After this award, the CFO directly owns 34,535 shares of the company’s stock. This transaction reflects a stock-based compensation grant rather than an open-market purchase or sale, aligning the executive’s interests more closely with shareholders through additional equity ownership.
Presidio Property Trust, Inc. reported that Chief Investment Officer Gary Morris Katz acquired 2,800 shares of its Common Stock - Series A as a grant or award at $3.69 per share. Following this award on January 6, 2026, his directly held stake increased to 82,106 shares.
Presidio Property Trust, Inc. reported that Chief Investment Officer Gary Morris Katz acquired 2,800 shares of its Common Stock - Series A as a grant or award at $3.69 per share. Following this award on January 6, 2026, his directly held stake increased to 82,106 shares.