10-K Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001387131-12-000896`
Period End Date	20111231
Filing Date	20120328
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	netr-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 44 Cash Flow Statement 92 Stockholders Equity 20

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyNet`	$147.75M	USD	Point-in-time
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyNet`	$119.79M	USD	Point-in-time
Mortgages receivable	`NotesReceivableGross`	$1.03M	USD	Point-in-time
Mortgages receivable	`NotesReceivableGross`	$920.22K	USD	Point-in-time
Cash And Cash Equivalents At Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Cash And Cash Equivalents At Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$9.30M	USD	Point-in-time
Cash And Cash Equivalents At Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$7.03M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$299.04K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$966.69K	USD	Point-in-time
Other real estate owned	`RealEstateAcquiredThroughForeclosure`	$2.18M	USD	Point-in-time
Other real estate owned	`RealEstateAcquiredThroughForeclosure`	$2.18M	USD	Point-in-time
Other assets, net	`OtherAssets`	$3.11M	USD	Point-in-time
Other assets, net	`OtherAssets`	$4.85M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$161.65M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$133.32M	USD	Point-in-time
Mortgage notes payable	`NotesPayable`	$49.24M	USD	Point-in-time
Mortgage notes payable	`NotesPayable`	$65.93M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.50M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$816.78K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$53.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$70.94M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Convertible series AA preferred stock, no par value, $25 liquidating preference, shares authorized: 1,000,000; no shares issued and outstanding liquidating value of $1,255,000	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Convertible series AA preferred stock, no par value, $25 liquidating preference, shares authorized: 1,000,000; no shares issued and outstanding liquidating value of $1,255,000	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Convertible Preferred Stock	`ConvertiblePreferredStock`	-	USD	Point-in-time
Convertible Preferred Stock	`ConvertiblePreferredStock`	$16.00	USD	Point-in-time
Common stock series A, $0.01 par value, shares authorized: 100,000,000;	`CommonStockValueOutstanding`	$152.88K	USD	Point-in-time
Common stock series A, $0.01 par value, shares authorized: 100,000,000;	`CommonStockValueOutstanding`	$124.30K	USD	Point-in-time
Common stock series B, no par value, shares authorized: 1,000; no shares issued and outstanding	`CommonStockOtherValueOutstanding`	-	USD	Point-in-time
Common stock series B, no par value, shares authorized: 1,000; no shares issued and outstanding	`CommonStockOtherValueOutstanding`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$130.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$104.46M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-31.30M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-47.78M	USD	Point-in-time
Total shareholders' equity before noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$73.28M	USD	Point-in-time
Total shareholders' equity before noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$82.79M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$6.47M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$7.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$90.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$79.76M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$161.65M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$133.32M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$13.50M	USD	Annual
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$9.67M	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$525.51K	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$572.62K	USD	Annual
Total Revenues	`Revenues`	$10.20M	USD	Annual
Total Revenues	`Revenues`	$14.08M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$4.94M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$4.31M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.41M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.85M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.17M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.53M	USD	Annual
Asset impairment	`AssetImpairmentCharges`	$429.00K	USD	Annual
Asset impairment	`AssetImpairmentCharges`	$1.00M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$12.25M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$13.39M	USD	Annual
Income (loss) from operations	`IncomeLossFromOperations`	$687.29K	USD	Annual
Income (loss) from operations	`IncomeLossFromOperations`	$-2.06M	USD	Annual
Interest expense	`InterestExpenseDebt`	$2.04M	USD	Annual
Interest expense	`InterestExpenseDebt`	$3.19M	USD	Annual
Interest income	`InterestIncomeOperating`	$125.66K	USD	Annual
Interest income	`InterestIncomeOperating`	$101.89K	USD	Annual
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$119.92K	USD	Annual
Loss on sale of real estate assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Income from investment in real estate ventures	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Income from investment in real estate ventures	`IncomeLossFromEquityMethodInvestments`	$1.77K	USD	Annual
Bargain purchase gain	`BargainPurchaseGainFromTenderOffer`	$872.15K	USD	Annual
Bargain purchase gain	`BargainPurchaseGainFromTenderOffer`	-	USD	Annual
Total other expense, net	`OtherIncome`	$-1.07M	USD	Annual
Total other expense, net	`OtherIncome`	$-2.95M	USD	Annual
Net loss before noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.26M	USD	Annual
Net loss before noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-3.13M	USD	Annual
Income (loss) attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-139.15K	USD	Annual
Income (loss) attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$354.89K	USD	Annual
Net loss	`IncomeLossFromContinuingOperations`	$-2.62M	USD	Annual
Net loss	`IncomeLossFromContinuingOperations`	$-2.99M	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$34.45K	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.02M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.62M	USD	Annual
Loss per common share - basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	Annual
Loss per common share - basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	Annual
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.19M	shares	Annual
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.77M	shares	Annual

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net loss	`IncomeLossFromContinuingOperations`	$-2.62M	USD	Annual
Net loss	`IncomeLossFromContinuingOperations`	$-2.99M	USD	Annual
Depreciation amortization and amortization of above market rents	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$4.22M	USD	Annual
Depreciation amortization and amortization of above market rents	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$3.44M	USD	Annual
Bargain purchase gain	`BargainPurchaseGain`	$-872.86K	USD	Annual
Bargain purchase gain	`BargainPurchaseGain`	-	USD	Annual
Impairment of Real Estate	`ImpairmentOfRealEstate`	$429.00K	USD	Annual
Impairment of Real Estate	`ImpairmentOfRealEstate`	$1.00M	USD	Annual
Stock compensation	`RestrictedStockExpense`	$322.44K	USD	Annual
Stock compensation	`RestrictedStockExpense`	$387.64K	USD	Annual
Loss on sale of real estate assets	`GainLossOnSaleOfPropertyPlantEquipment`	$119.92K	USD	Annual
Loss on sale of real estate assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$-66.61K	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$-147.46K	USD	Annual
Net Income Loss Attributable To Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$354.89K	USD	Annual
Net Income Loss Attributable To Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-139.15K	USD	Annual
Equity in earnings of real estate ventures	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	Annual
Equity in earnings of real estate ventures	`EquityMethodInvestmentDividendsOrDistributions`	$-1.77K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.91M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$479.40K	USD	Annual
IncreaseDecreaseInAccounts Payable And Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$501.85K	USD	Annual
IncreaseDecreaseInAccounts Payable And Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$283.43K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.31M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$708.51K	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$38.99M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$21.43M	USD	Annual
Acquisition of company	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisition of company	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$300.00K	USD	Annual
Investment in model home limited partnerships	`InvestmentInModelHomeLimitedPartnerships`	$-442.82K	USD	Annual
Investment in model home limited partnerships	`InvestmentInModelHomeLimitedPartnerships`	$-896.89K	USD	Annual
Purchase of notes receivable	`PaymentsToAcquireNotesReceivable`	$111.87K	USD	Annual
Purchase of notes receivable	`PaymentsToAcquireNotesReceivable`	-	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$667.64K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$2.65K	USD	Annual
Proceeds received from sale of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$8.55M	USD	Annual
Proceeds received from sale of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.63M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.67M	USD	Annual
Proceeds from mortgage notes payable	`ProceedsFromLoanOriginations`	$-10.76M	USD	Annual
Proceeds from mortgage notes payable	`ProceedsFromLoanOriginations`	$-29.65M	USD	Annual
Repayment of mortgage notes payable	`ProceedsFromRepaymentsOfSecuredDebt`	$-13.34M	USD	Annual
Repayment of mortgage notes payable	`ProceedsFromRepaymentsOfSecuredDebt`	$-1.00M	USD	Annual
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$14.25M	USD	Annual
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$13.34M	USD	Annual
Proceeds received from noncontrolling interests	`ProceedsFromMinorityShareholders`	$1.68M	USD	Annual
Proceeds received from noncontrolling interests	`ProceedsFromMinorityShareholders`	$355.17K	USD	Annual
Distributions made to noncontrolling interests	`PaymentsToMinorityShareholders`	$442.48K	USD	Annual
Distributions made to noncontrolling interests	`PaymentsToMinorityShareholders`	$932.43K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$302.07K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$62.83K	USD	Annual
Repurchase of common stock - related parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	$82.52K	USD	Annual
Repurchase of common stock - related parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	-	USD	Annual
Redemption of preferred stock	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	$1.25M	USD	Annual
Redemption of preferred stock	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	-	USD	Annual
Deferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	$-228.64K	USD	Annual
Deferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	$317.53K	USD	Annual
Exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Exercise of warrants	`ProceedsFromWarrantExercises`	$1.89K	USD	Annual
Exercise of stock options	`ProceedsFromStockPlans`	-	USD	Annual
Exercise of stock options	`ProceedsFromStockPlans`	$2.00K	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.58M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.84M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.54M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.56M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.79M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.39M	USD	Annual
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.30M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.03M	USD	Point-in-time
Additions to cash from consolidation of joint venture	`ProceedsFromDivestitureOfInterestInJointVenture`	$634.85K	USD	Annual
Additions to cash from consolidation of joint venture	`ProceedsFromDivestitureOfInterestInJointVenture`	$1.12M	USD	Annual
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.30M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.03M	USD	Point-in-time
Interest paid	`InterestPaid`	$2.02M	USD	Annual
Interest paid	`InterestPaid`	$3.33M	USD	Annual
Reclassification Of Investment In Real Estate	`ReclassificationOfInvestmentInRealEstate`	-	USD	Annual
Reclassification Of Investment In Real Estate	`ReclassificationOfInvestmentInRealEstate`	$21.19M	USD	Annual
Accrual of goodwill and related liability	`AccrualOfGoodwillAndRelatedLiability`	$1.03M	USD	Annual
Accrual of goodwill and related liability	`AccrualOfGoodwillAndRelatedLiability`	-	USD	Annual
Preferred Stock Issued For Partnership Interest	`PreferredStockIssuedForPartnershipInterest`	$1.65M	USD	Annual
Preferred Stock Issued For Partnership Interest	`PreferredStockIssuedForPartnershipInterest`	-	USD	Annual
Stock issued for partnership units of limited partnerships	`StockIssuedForPartnershipUnitsOfLimitedPartnerships`	$1.13M	USD	Annual
Stock issued for partnership units of limited partnerships	`StockIssuedForPartnershipUnitsOfLimitedPartnerships`	-	USD	Annual
Reinvestment of cash dividend	`StockIssued1`	$3.89M	USD	Annual
Reinvestment of cash dividend	`StockIssued1`	$3.53M	USD	Annual
Accrual of dividends payable	`AccrualOfDividendsPayable`	$816.78K	USD	Annual
Accrual of dividends payable	`AccrualOfDividendsPayable`	$1.01M	USD	Annual
Change in par value for Maryland reincorporation	`ChangeInParValueForMarylandReincorporation`	-	USD	Annual
Change in par value for Maryland reincorporation	`ChangeInParValueForMarylandReincorporation`	$85.34M	USD	Annual
Common Shares issued upon exercise of warrants	`ConversionOfStockAmountConverted1`	-	USD	Annual
Common Shares issued upon exercise of warrants	`ConversionOfStockAmountConverted1`	$453.89K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance,	`StockholdersEquity`	$90.71M	USD	Point-in-time
Balance,	`StockholdersEquity`	$79.76M	USD	Point-in-time
Payments for Repurchase of Convertible Preferred Stock	`PaymentsForRepurchaseOfConvertiblePreferredStock`	$-1.03M	USD	Annual
Sale of common stock (shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.73M	shares	Annual
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$14.25M	USD	Annual
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$13.34M	USD	Annual
Deferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	$-228.64K	USD	Annual
Deferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	$317.53K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$302.07K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$62.83K	USD	Annual
Stock Issued During Period, Shares, Acquisitions	`StockIssuedDuringPeriodSharesAcquisitions`	112,890.00	shares	Annual
Repurchase of common stock - Related Parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	$82.52K	USD	Annual
Repurchase of common stock - Related Parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	-	USD	Annual
Contributions received (distributed) in excess of distributions of noncontrolling interests	`ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests`	$1.09M	USD	Annual
Net (loss) income	`IncomeLossFromContinuingOperations`	$-2.62M	USD	Annual
Net (loss) income	`IncomeLossFromContinuingOperations`	$-2.99M	USD	Annual
Dividend (declared)/reinvested (Shares)	`DividendDeclaredreinvestedShares`	106,904.00	shares	Annual
Dividend (declared)/reinvested (Shares)	`DividendDeclaredreinvestedShares`	96,115.00	shares	Annual
Balance,	`StockholdersEquity`	$90.71M	USD	Point-in-time
Balance,	`StockholdersEquity`	$79.76M	USD	Point-in-time

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