10-K Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001140361-14-014854`
Period End Date	20131231
Filing Date	20140331
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	netr-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 40 Cash Flow Statement 74 Stockholders Equity 21

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyNet`	$165.64M	USD	Point-in-time
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyNet`	$159.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	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`	$1.11M	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`	$2.12M	USD	Point-in-time
Other real estate owned	`RealEstateAcquiredThroughForeclosure`	$900.00K	USD	Point-in-time
Other real estate owned	`RealEstateAcquiredThroughForeclosure`	$900.00K	USD	Point-in-time
Other assets, net	`OtherAssets`	$4.61M	USD	Point-in-time
Other assets, net	`OtherAssets`	$6.68M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$185.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$181.25M	USD	Point-in-time
Mortgage notes payable	`NotesPayable`	$92.48M	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`	$4.13M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.24M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$97.75M	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`	$134.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$141.49M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-71.23M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-58.34M	USD	Point-in-time
Total shareholders' equity before noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$70.43M	USD	Point-in-time
Total shareholders' equity before noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.70M	USD	Point-in-time
Total shareholders' equity before noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$82.79M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$10.68M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$15.44M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$85.87M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$87.38M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$185.13M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$181.25M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$19.18M	USD	Annual
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$16.97M	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$381.59K	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$698.22K	USD	Annual
Total Revenues	`Revenues`	$19.56M	USD	Annual
Total Revenues	`Revenues`	$17.67M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$5.55M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$6.38M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.75M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.44M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.87M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.31M	USD	Annual
Asset impairments	`AssetImpairmentCharges`	$1.68M	USD	Annual
Asset impairments	`AssetImpairmentCharges`	$2.00M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$19.14M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$16.85M	USD	Annual
Income from operations	`IncomeLossFromOperations`	$815.57K	USD	Annual
Income from operations	`IncomeLossFromOperations`	$427.49K	USD	Annual
Interest expense	`InterestExpenseDebt`	$5.06M	USD	Annual
Interest expense	`InterestExpenseDebt`	$4.49M	USD	Annual
Interest income	`InterestIncomeOperating`	$80.43K	USD	Annual
Interest income	`InterestIncomeOperating`	$116.60K	USD	Annual
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$1.62M	USD	Annual
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$898.22K	USD	Annual
Gain on extinguishment of a liability	`GainsLossesOnExtinguishmentOfDebt`	$691.49K	USD	Annual
Gain on extinguishment of a liability	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on dissolution of partnership interests	`GainOnDissolutionOfPartnershipInterests`	$372.09K	USD	Annual
Gain on dissolution of partnership interests	`GainOnDissolutionOfPartnershipInterests`	$372.64K	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-2.95M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-2.45M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.52M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.64M	USD	Annual
Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$1.57M	USD	Annual
Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$497.71K	USD	Annual
Net loss	`IncomeLossFromContinuingOperations`	$-4.09M	USD	Annual
Net loss	`IncomeLossFromContinuingOperations`	$-2.13M	USD	Annual
Loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	Annual
Loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	Annual
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.48M	shares	Annual
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.17M	shares	Annual

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`IncomeLossFromContinuingOperations`	$-4.09M	USD	Annual
Net loss	`IncomeLossFromContinuingOperations`	$-2.13M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$5.33M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$5.17M	USD	Annual
Stock compensation	`RestrictedStockExpense`	$481.93K	USD	Annual
Stock compensation	`RestrictedStockExpense`	$484.81K	USD	Annual
Gain on extinguishment of a liability	`GainsLossesOnExtinguishmentOfDebt`	$691.49K	USD	Annual
Gain on extinguishment of a liability	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on dissolution of partnership interests	`DissolutionOfPartnershipInterestsGainLoss`	$372.64K	USD	Annual
Gain on dissolution of partnership interests	`DissolutionOfPartnershipInterestsGainLoss`	$372.09K	USD	Annual
Gain on sale of real estate assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.62M	USD	Annual
Gain on sale of real estate assets	`GainLossOnSaleOfPropertyPlantEquipment`	$898.22K	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$104.45K	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$83.28K	USD	Annual
Asset impairments	`AssetImpairmentCharges`	$1.68M	USD	Annual
Asset impairments	`AssetImpairmentCharges`	$2.00M	USD	Annual
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$497.71K	USD	Annual
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.57M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$56.47K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$91.49K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$791.62K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$817.20K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.13M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.54M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$31.89M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$7.84M	USD	Annual
Building and tenant improvements	`PaymentsForTenantImprovements`	$2.86M	USD	Annual
Building and tenant improvements	`PaymentsForTenantImprovements`	$1.03M	USD	Annual
Deferred leasing costs	`PaymentsForLeasingCosts`	$116.82K	USD	Annual
Deferred leasing costs	`PaymentsForLeasingCosts`	$754.67K	USD	Annual
Proceeds received sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$11.54M	USD	Annual
Proceeds received sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$10.44M	USD	Annual
Net repayments (purchase) of notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$111.87K	USD	Annual
Net repayments (purchase) of notes receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$242.15K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$146.44K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.63M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-157.29K	USD	Annual
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$32.15M	USD	Annual
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$24.56M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$27.49M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$5.60M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.66K	USD	Annual
Repurchase of common stock - related parties	`PaymentsForRepurchaseOfCommonStockRelatedParty`	$143.91K	USD	Annual
Repurchase of common stock - related parties	`PaymentsForRepurchaseOfCommonStockRelatedParty`	$34.17K	USD	Annual
Deferred stock issuance costs	`DeferredStockIssuanceCosts`	$18.89K	USD	Annual
Deferred stock issuance costs	`DeferredStockIssuanceCosts`	-	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$546.59K	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$352.20K	USD	Annual
Contributions received from noncontrolling interests in excess of distributions paid	`ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests`	$-2.40M	USD	Annual
Contributions received from noncontrolling interests in excess of distributions paid	`ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests`	$-3.56M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.77M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.27M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.96M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.52M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-539.53K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.87M	USD	Annual
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
Ending of year	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Ending of year	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Ending of year	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
Interest paid	`InterestPaid`	$4.81M	USD	Annual
Interest paid	`InterestPaid`	$4.43M	USD	Annual
Conversion of partnership interests into common stock	`PartnersCapitalAccountExchangesAndConversions`	-	USD	Annual
Conversion of partnership interests into common stock	`PartnersCapitalAccountExchangesAndConversions`	$143.91K	USD	Annual
Reinvestment of cash dividend	`StockIssued1`	$3.98M	USD	Annual
Reinvestment of cash dividend	`StockIssued1`	$4.02M	USD	Annual
Accrual of dividends payable	`AccrualOfDividendsPayable`	$1.14M	USD	Annual
Accrual of dividends payable	`AccrualOfDividendsPayable`	$1.23M	USD	Annual
Stock issued for purchase of NTR, Inc.	`NoncashAcquisitionStockIssuedValue`	-	USD	Annual
Stock issued for purchase of NTR, Inc.	`NoncashAcquisitionStockIssuedValue`	$1.90M	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$70.43M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.70M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$82.79M	USD	Point-in-time
Net (loss) income	`IncomeLossFromContinuingOperations`	$-4.09M	USD	Annual
Net (loss) income	`IncomeLossFromContinuingOperations`	$-2.13M	USD	Annual
Conversion of partnership interests to common stock	`StockIssuedDuringPeriodValueConversionOfUnits`	$143.91K	USD	Annual
Common stock repurchased - related parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	$143.91K	USD	Annual
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$15.66K	USD	Annual
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$34.17K	USD	Annual
Dividends paid/reinvested	`DividendsCashPaidAndReinvested`	$-3.26M	USD	Annual
Dividends paid/reinvested	`DividendsCashPaidAndReinvested`	$-3.62M	USD	Annual
Dividends declared/reinvested	`DividendsCashDeclaredAndReinvested`	$-1.14M	USD	Annual
Dividends declared/reinvested	`DividendsCashDeclaredAndReinvested`	$-1.24M	USD	Annual
Issuance of vested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$481.93K	USD	Annual
Issuance of vested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$484.81K	USD	Annual
Contributions received from noncontrolling interests net of distributions paid	`ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests`	$-2.40M	USD	Annual
Contributions received from noncontrolling interests net of distributions paid	`ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests`	$-3.56M	USD	Annual
Stock issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$18.89K	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$70.43M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.70M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$82.79M	USD	Point-in-time

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