10-K Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001080657-15-000004`
Period End Date	20141231
Filing Date	20150331
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	netr-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 38 Cash Flow Statement 68 Stockholders Equity 19

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$47.68M	USD	Point-in-time
Land	`Land`	$41.88M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$128.09M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$154.10M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$13.16M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$7.34M	USD	Point-in-time
Lease Intangibles	`LeaseIntangibles`	$9.79M	USD	Point-in-time
Lease Intangibles	`LeaseIntangibles`	$5.41M	USD	Point-in-time
Real estate assets and lease intangibles, cost	`RealEstateInvestmentPropertyAtCost`	$182.72M	USD	Point-in-time
Real estate assets and lease intangibles, cost	`RealEstateInvestmentPropertyAtCost`	$224.74M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$26.54M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$22.49M	USD	Point-in-time
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyNet`	$160.23M	USD	Point-in-time
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyNet`	$198.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.09M	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`	$3.08M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Other assets, net	`OtherAssets`	$7.20M	USD	Point-in-time
Other assets, net	`OtherAssets`	$5.16M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$182.02M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$220.62M	USD	Point-in-time
Mortgage notes payable	`NotesPayable`	$123.90M	USD	Point-in-time
Mortgage notes payable	`NotesPayable`	$89.55M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$6.63M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.59M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.24M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$997.17K	USD	Point-in-time
Below Market Rent	`BelowMarketLeaseNet`	$775.96K	USD	Point-in-time
Below Market Rent	`BelowMarketLeaseNet`	$960.33K	USD	Point-in-time
Total liabilities	`Liabilities`	$96.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$149.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$143.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$141.49M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-83.15M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-71.23M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$70.43M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$76.70M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$60.73M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$15.44M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$10.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$85.87M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.38M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.54M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$220.62M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$182.02M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$19.46M	USD	Annual
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$19.18M	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$381.59K	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$443.83K	USD	Annual
Total Revenues	`Revenues`	$19.56M	USD	Annual
Total Revenues	`Revenues`	$19.90M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$7.47M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$6.38M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.44M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.56M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.05M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.31M	USD	Annual
Real Estate Asset impairments	`AssetImpairmentCharges`	$950.00K	USD	Annual
Real Estate Asset impairments	`AssetImpairmentCharges`	$2.00M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$19.14M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$20.02M	USD	Annual
Income from operations	`IncomeLossFromOperations`	$427.49K	USD	Annual
Income from operations	`IncomeLossFromOperations`	$-118.08K	USD	Annual
Interest expense debt	`InterestExpenseDebt`	$5.06M	USD	Annual
Interest expense debt	`InterestExpenseDebt`	$6.48M	USD	Annual
Interest income	`InterestIncomeOperating`	$85.81K	USD	Annual
Interest income	`InterestIncomeOperating`	$116.60K	USD	Annual
Gain on sales of real estate and partnerships, net	`GainLossOnSaleOfBusiness`	$1.99M	USD	Annual
Gain on sales of real estate and partnerships, net	`GainLossOnSaleOfBusiness`	$5.12M	USD	Annual
Gains (Losses) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gains (Losses) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$536.95K	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-2.95M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-735.52K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-853.60K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.52M	USD	Annual
Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$1.57M	USD	Annual
Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$3.19M	USD	Annual
Net loss	`IncomeLossFromContinuingOperations`	$-4.05M	USD	Annual
Net loss	`IncomeLossFromContinuingOperations`	$-4.09M	USD	Annual
Loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	Annual
Loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	Annual
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.80M	shares	Annual
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.17M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-853.60K	USD	Annual
Net Income (Loss)	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.52M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$5.31M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$6.05M	USD	Annual
Stock compensation	`RestrictedStockExpense`	$455.82K	USD	Annual
Stock compensation	`RestrictedStockExpense`	$481.93K	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$122.12K	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$104.56K	USD	Annual
Real Estate Asset impairments	`AssetImpairmentCharges`	$950.00K	USD	Annual
Real Estate Asset impairments	`AssetImpairmentCharges`	$2.00M	USD	Annual
Gain on sales of real estate and partnerships, net	`GainLossOnSaleOfBusiness`	$1.99M	USD	Annual
Gain on sales of real estate and partnerships, net	`GainLossOnSaleOfBusiness`	$5.12M	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$536.95K	USD	Annual
Amortization Expense Of Financing Costs	`AmortizationOfFinancingCosts`	$417.72K	USD	Annual
Amortization Expense Of Financing Costs	`AmortizationOfFinancingCosts`	$191.85K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-674.34K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$257.34K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.05M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$791.62K	USD	Annual
Below Market Rent	`BelowMarketLeasePeriodIncreaseDecrease`	$28.05K	USD	Annual
Below Market Rent	`BelowMarketLeasePeriodIncreaseDecrease`	$184.37K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.13M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.39M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$7.84M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$59.28M	USD	Annual
Building and tenant improvements	`PaymentsForTenantImprovements`	$2.57M	USD	Annual
Building and tenant improvements	`PaymentsForTenantImprovements`	$2.86M	USD	Annual
Deferred leasing costs	`PaymentsForLeasingCosts`	$754.67K	USD	Annual
Deferred leasing costs	`PaymentsForLeasingCosts`	$407.26K	USD	Annual
Proceeds received sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$22.29M	USD	Annual
Proceeds received sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$11.54M	USD	Annual
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$2.73M	USD	Annual
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$242.15K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-157.29K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.69M	USD	Annual
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromNotesPayable`	$24.21M	USD	Annual
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromNotesPayable`	$56.86M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$22.81M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$27.49M	USD	Annual
Proceeds from issuance of mandatorily preferred stock, net	`ProceedsFromIssuanceOfMandatorilyPreferredStock`	-	USD	Annual
Proceeds from issuance of mandatorily preferred stock, net	`ProceedsFromIssuanceOfMandatorilyPreferredStock`	$13.86M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$212.21K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$34.17K	USD	Annual
Redemption of Series 6.3% preferred stock	`PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock`	$1.65M	USD	Annual
Redemption of Series 6.3% preferred stock	`PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock`	-	USD	Annual
Contributions received from noncontrolling interests net of distributions paid	`ProceedsFromPaymentsToMinorityShareholders`	$3.56M	USD	Annual
Contributions received from noncontrolling interests net of distributions paid	`ProceedsFromPaymentsToMinorityShareholders`	$-7.51M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.77M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.80M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$33.73M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.52M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.57M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-539.53K	USD	Annual
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Ending of year	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
Ending of year	`CashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Ending of year	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Interest paid	`InterestPaid`	$4.81M	USD	Annual
Interest paid	`InterestPaid`	$6.48M	USD	Annual
Reinvestment of cash dividend	`StockIssued1`	$3.31M	USD	Annual
Reinvestment of cash dividend	`StockIssued1`	$3.98M	USD	Annual
Accrual of dividends payable	`AccrualOfDividendsPayable`	$1.23M	USD	Annual
Accrual of dividends payable	`AccrualOfDividendsPayable`	$997.17K	USD	Annual
Conversion of partnership interests into common stock	`PartnersCapitalAccountExchangesAndConversions`	$165.02K	USD	Annual
Conversion of partnership interests into common stock	`PartnersCapitalAccountExchangesAndConversions`	$333.27K	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$70.43M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$76.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$60.73M	USD	Point-in-time
Net (loss) income	`IncomeLossFromContinuingOperations`	$-4.05M	USD	Annual
Net (loss) income	`IncomeLossFromContinuingOperations`	$-4.09M	USD	Annual
Issuance of vested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$481.93K	USD	Annual
Issuance of vested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$455.82K	USD	Annual
Preferred stock repurchased - related parties	`PreferredStockRepurchasedRelatedPartyDuringPeriodValue`	$1.65M	USD	Annual
Stock Issued During Period Related Party Value New Issues	`StockIssuedDuringPeriodRelatedPartyValueNewIssues`	$312.79K	USD	Annual
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$47.19K	USD	Annual
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$34.17K	USD	Annual
Common stock repurchased - related parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	$165.02K	USD	Annual
Dividends paid/reinvested	`DividendsCashPaidAndReinvested`	$-3.56M	USD	Annual
Dividends paid/reinvested	`DividendsCashPaidAndReinvested`	$-3.62M	USD	Annual
Dividends declared/reinvested	`DividendsCashDeclaredAndReinvested`	$-997.17K	USD	Annual
Dividends declared/reinvested	`DividendsCashDeclaredAndReinvested`	$-1.24M	USD	Annual
Ending balance	`StockholdersEquity`	$70.43M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$76.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$60.73M	USD	Point-in-time

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