10-Q Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001080657-14-000010`
Period End Date	20140630
Filing Date	20140813
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	netr-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 72 Cash Flow Statement 74 Stockholders Equity 14

Balance Sheet 36 line items

Line Item	Tag	Value	Unit	Period
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyNet`	$159.46M	USD	Point-in-time
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyNet`	$159.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.72M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.36M	USD	Point-in-time
Deferred leasing and finance costs, net	`DeferredLeasingAndFinancingCosts`	$2.65M	USD	Point-in-time
Deferred leasing and finance costs, net	`DeferredLeasingAndFinancingCosts`	$2.79M	USD	Point-in-time
Other assets, net	`OtherAssets`	$7.58M	USD	Point-in-time
Other assets, net	`OtherAssets`	$8.28M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$181.25M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$182.04M	USD	Point-in-time
Mortgage notes payable	`NotesPayable`	$95.42M	USD	Point-in-time
Mortgage notes payable	`NotesPayable`	$89.55M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.59M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.65M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.24M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$100.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$95.38M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$141.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$143.56M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-71.23M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-77.19M	USD	Point-in-time
Total NetREIT, Inc. stockholders' equity	`StockholdersEquity`	$70.43M	USD	Point-in-time
Total NetREIT, Inc. stockholders' equity	`StockholdersEquity`	$66.53M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$15.14M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$15.44M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$85.87M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.67M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$182.04M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$181.25M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$4.56M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$4.76M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$9.83M	USD	2 Qtrs
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$9.25M	USD	2 Qtrs
Fee and other income	`OtherRealEstateRevenue`	$97.38K	USD	1 Quarter
Fee and other income	`OtherRealEstateRevenue`	$135.45K	USD	1 Quarter
Fee and other income	`OtherRealEstateRevenue`	$192.14K	USD	2 Qtrs
Fee and other income	`OtherRealEstateRevenue`	$222.63K	USD	2 Qtrs
Total Revenues	`Revenues`	$9.47M	USD	2 Qtrs
Total Revenues	`Revenues`	$10.03M	USD	2 Qtrs
Total Revenues	`Revenues`	$4.69M	USD	1 Quarter
Total Revenues	`Revenues`	$4.86M	USD	1 Quarter
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.62M	USD	1 Quarter
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.74M	USD	1 Quarter
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$3.41M	USD	2 Qtrs
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$3.19M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.24M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.56M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.41M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.69M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.64M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.77M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$4.73M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.19M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$8.23M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$8.87M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$600.24K	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$1.79M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-41.67K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$669.98K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$1.22M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$2.55M	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$1.37M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$2.64M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$60.16K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$41.79K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$91.69K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$70.44K	USD	1 Quarter
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$1.20M	USD	2 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$856.91K	USD	2 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$779.38K	USD	1 Quarter
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$410.26K	USD	1 Quarter
Gain on dissolution of partnership assets	`DissolutionOfPartnershipInterestsGainLoss`	-	USD	1 Quarter
Gain on dissolution of partnership assets	`DissolutionOfPartnershipInterestsGainLoss`	$302.83K	USD	2 Qtrs
Gain on dissolution of partnership assets	`DissolutionOfPartnershipInterestsGainLoss`	-	USD	1 Quarter
Gain on dissolution of partnership assets	`DissolutionOfPartnershipInterestsGainLoss`	-	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-738.63K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-1.60M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-1.07M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-549.95K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-68.65K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-473.53K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$189.26K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-591.62K	USD	1 Quarter
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$638.61K	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$504.80K	USD	1 Quarter
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$982.90K	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$327.55K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLoss`	$-449.35K	USD	2 Qtrs
Net loss attributable to common stockholders	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLoss`	$-396.20K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLoss`	$-1.46M	USD	2 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	2 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.83M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.77M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.32M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.99M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to NetREIT, Inc. common stockholders	`NetIncomeLoss`	$-449.35K	USD	2 Qtrs
Net loss attributable to NetREIT, Inc. common stockholders	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net loss attributable to NetREIT, Inc. common stockholders	`NetIncomeLoss`	$-396.20K	USD	1 Quarter
Net loss attributable to NetREIT, Inc. common stockholders	`NetIncomeLoss`	$-1.46M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$2.91M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$2.69M	USD	2 Qtrs
Stock compensation	`RestrictedStockExpense`	$259.00K	USD	2 Qtrs
Stock compensation	`RestrictedStockExpense`	$308.09K	USD	2 Qtrs
Gain on sale of real estate assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.20M	USD	2 Qtrs
Gain on sale of real estate assets	`GainLossOnSaleOfPropertyPlantEquipment`	$856.91K	USD	2 Qtrs
Gain on dissolution of partnerships	`DissolutionOfPartnershipInterestsGainLoss`	-	USD	1 Quarter
Gain on dissolution of partnerships	`DissolutionOfPartnershipInterestsGainLoss`	$302.83K	USD	2 Qtrs
Gain on dissolution of partnerships	`DissolutionOfPartnershipInterestsGainLoss`	-	USD	1 Quarter
Gain on dissolution of partnerships	`DissolutionOfPartnershipInterestsGainLoss`	-	USD	2 Qtrs
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$24.57K	USD	2 Qtrs
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$67.92K	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$638.61K	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$504.80K	USD	1 Quarter
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$982.90K	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$327.55K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$231.97K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$397.24K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.19M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-274.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.85M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-336.67K	USD	2 Qtrs
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$4.79M	USD	2 Qtrs
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$7.13M	USD	2 Qtrs
Building and tenant improvements	`PaymentsForTenantImprovements`	$1.42M	USD	2 Qtrs
Building and tenant improvements	`PaymentsForTenantImprovements`	$1.84M	USD	2 Qtrs
Deferred leasing costs	`PaymentsForLeasingCosts`	$293.45K	USD	2 Qtrs
Deferred leasing costs	`PaymentsForLeasingCosts`	$296.02K	USD	2 Qtrs
Proceeds received from sale of real estate	`ProceedsFromSaleOfProductiveAssets`	$7.81M	USD	2 Qtrs
Proceeds received from sale of real estate	`ProceedsFromSaleOfProductiveAssets`	$6.66M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$368.17K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-61.38K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$223.88K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.83M	USD	2 Qtrs
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$20.73M	USD	2 Qtrs
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$15.54M	USD	2 Qtrs
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$23.90M	USD	2 Qtrs
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$9.67M	USD	2 Qtrs
Repurchase of common stock - related parties	`PaymentsForRepurchaseOfCommonStockRelatedParty`	-	USD	2 Qtrs
Repurchase of common stock - related parties	`PaymentsForRepurchaseOfCommonStockRelatedParty`	$165.02K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$9.10K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$34.17K	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$264.81K	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$296.51K	USD	2 Qtrs
(Distributions paid) contributions received in excess of contributions received/(distributions paid) from/to noncontrolling interests	`ProceedsFromDistributionsPaidToNoncontrollingInterests`	$806.44K	USD	2 Qtrs
(Distributions paid) contributions received in excess of contributions received/(distributions paid) from/to noncontrolling interests	`ProceedsFromDistributionsPaidToNoncontrollingInterests`	$-965.41K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.32M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.53M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.94M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.01M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.94M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-225.06K	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.98M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.81M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.98M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.81M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
Interest paid	`InterestPaid`	$2.60M	USD	2 Qtrs
Interest paid	`InterestPaid`	$2.38M	USD	2 Qtrs
Conversion of partnership interests into common stock	`PartnersCapitalAccountExchangesAndConversions`	-	USD	2 Qtrs
Conversion of partnership interests into common stock	`PartnersCapitalAccountExchangesAndConversions`	$165.02K	USD	2 Qtrs
Reinvestment of cash dividend	`StockIssued1`	$1.94M	USD	2 Qtrs
Reinvestment of cash dividend	`StockIssued1`	$2.01M	USD	2 Qtrs
Accrual of dividends payable	`DividendsPayableCurrent`	$1.29M	USD	Point-in-time
Accrual of dividends payable	`DividendsPayableCurrent`	$1.20M	USD	Point-in-time
Stock issued for purchase of NTR, Inc.	`NoncashAcquisitionStockIssuedValue`	-	USD	2 Qtrs
Stock issued for purchase of NTR, Inc.	`NoncashAcquisitionStockIssuedValue`	$1.90M	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$85.87M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.67M	USD	Point-in-time
Net (loss) income	`ProfitLoss`	$-68.65K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-473.53K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$189.26K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-591.62K	USD	1 Quarter
Dividends declared/reinvested	`CashDividendsDeclaredAndReinvestedDividendReinvestmentPlan`	$1.30M	USD	2 Qtrs
Dividends paid	`DividendsCommonStockStock`	$-1.28M	USD	2 Qtrs
Common stock issued - related party	`StockIssuedDuringPeriodRelatedPartyValueNewIssues`	$312.79K	USD	2 Qtrs
Common stock repurchased - related party	`StockRepurchasedRelatedPartyDuringPeriodValue`	$165.02K	USD	2 Qtrs
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$9.10K	USD	2 Qtrs
Distributions paid in excess of contributions received from noncontrolling interests, net	`ContributionsReceivedFromNoncontrollingInterestsNetOfDistributionsPaid`	$-1.28M	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$85.87M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.67M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.