10-Q Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001387131-13-002883`
Period End Date	20130630
Filing Date	20130812
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	netr-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 68 Cash Flow Statement 67 Stockholders Equity 21

Balance Sheet 44 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`	$163.50M	USD	Point-in-time
Mortgages receivable	`NotesReceivableGross`	$920.22K	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`	$1.32M	USD	Point-in-time
Cash And Cash Equivalents At Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
Cash And Cash Equivalents At Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$7.81M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.05M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.11M	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`	$5.81M	USD	Point-in-time
Other assets, net	`OtherAssets`	$8.36M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$182.54M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$185.13M	USD	Point-in-time
Mortgage notes payable	`NotesPayable`	$92.48M	USD	Point-in-time
Mortgage notes payable	`NotesPayable`	$89.32M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.13M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.82M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.20M	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`	$94.34M	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`	$16.00	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`	$157.67K	USD	Point-in-time
Common stock series A, $0.01 par value, shares authorized: 100,000,000;	`CommonStockValueOutstanding`	$162.11K	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`	$139.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$134.88M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-58.34M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-63.16M	USD	Point-in-time
Total shareholders' equity before noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.70M	USD	Point-in-time
Total shareholders' equity before noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.08M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$10.68M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$12.12M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$87.38M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$88.20M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$182.54M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$185.13M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$4.76M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$8.16M	USD	2 Qtrs
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$9.83M	USD	2 Qtrs
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$4.19M	USD	1 Quarter
Fee and other income	`FeeAndOtherIncome`	$197.14K	USD	2 Qtrs
Fee and other income	`FeeAndOtherIncome`	$97.38K	USD	1 Quarter
Fee and other income	`FeeAndOtherIncome`	$192.14K	USD	2 Qtrs
Fee and other income	`FeeAndOtherIncome`	$87.57K	USD	1 Quarter
Total Revenues	`Revenues`	$8.36M	USD	2 Qtrs
Total Revenues	`Revenues`	$4.27M	USD	1 Quarter
Total Revenues	`Revenues`	$10.03M	USD	2 Qtrs
Total Revenues	`Revenues`	$4.86M	USD	1 Quarter
Direct Costs of Leased and Rented Property or Equipment	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.33M	USD	1 Quarter
Direct Costs of Leased and Rented Property or Equipment	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$3.01M	USD	2 Qtrs
Direct Costs of Leased and Rented Property or Equipment	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.51M	USD	1 Quarter
Direct Costs of Leased and Rented Property or Equipment	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.67M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.07M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.35M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.20M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.58M	USD	2 Qtrs
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$2.64M	USD	2 Qtrs
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$2.39M	USD	2 Qtrs
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$1.33M	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$1.21M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$8.23M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$4.19M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$3.62M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$7.25M	USD	2 Qtrs
Income (loss) from operations	`IncomeLossFromOperations`	$1.79M	USD	2 Qtrs
Income (loss) from operations	`IncomeLossFromOperations`	$655.53K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromOperations`	$1.11M	USD	2 Qtrs
Income (loss) from operations	`IncomeLossFromOperations`	$669.98K	USD	1 Quarter
Interest Expense, Debt	`InterestExpenseDebt`	$2.55M	USD	2 Qtrs
Interest Expense, Debt	`InterestExpenseDebt`	$2.05M	USD	2 Qtrs
Interest Expense, Debt	`InterestExpenseDebt`	$1.22M	USD	1 Quarter
Interest Expense, Debt	`InterestExpenseDebt`	$1.07M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$20.12K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$91.69K	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$40.48K	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$70.44K	USD	1 Quarter
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$54.99K	USD	1 Quarter
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$856.91K	USD	2 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$99.08K	USD	2 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfAssets`	$410.26K	USD	1 Quarter
Total other expense, net	`OtherIncome`	$-738.63K	USD	1 Quarter
Total other expense, net	`OtherIncome`	$-1.60M	USD	2 Qtrs
Total other expense, net	`OtherIncome`	$-1.91M	USD	2 Qtrs
Total other expense, net	`OtherIncome`	$-996.57K	USD	1 Quarter
Net loss before noncontrolling interests	`NetLossBeforeNoncontrollingInterests`	$189.26K	USD	2 Qtrs
Net loss before noncontrolling interests	`NetLossBeforeNoncontrollingInterests`	$-341.03K	USD	1 Quarter
Net loss before noncontrolling interests	`NetLossBeforeNoncontrollingInterests`	$-804.48K	USD	2 Qtrs
Net loss before noncontrolling interests	`NetLossBeforeNoncontrollingInterests`	$-68.65K	USD	1 Quarter
Income (loss) attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$638.61K	USD	2 Qtrs
Income (loss) attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$200.35K	USD	2 Qtrs
Income (loss) attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$92.19K	USD	1 Quarter
Income (loss) attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$327.55K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperations`	$-433.22K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperations`	$-449.35K	USD	2 Qtrs
Net loss	`IncomeLossFromContinuingOperations`	$-1.00M	USD	2 Qtrs
Net loss	`IncomeLossFromContinuingOperations`	$-396.20K	USD	1 Quarter
Loss per common share - basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Loss per common share - basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Loss per common share - basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Loss per common share - basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.32M	shares	2 Qtrs
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.99M	shares	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.07M	shares	2 Qtrs
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.40M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net loss	`IncomeLossFromContinuingOperations`	$-433.22K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperations`	$-449.35K	USD	2 Qtrs
Net loss	`IncomeLossFromContinuingOperations`	$-1.00M	USD	2 Qtrs
Net loss	`IncomeLossFromContinuingOperations`	$-396.20K	USD	1 Quarter
Depreciation amortization and amortization of above market rents	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$2.69M	USD	2 Qtrs
Depreciation amortization and amortization of above market rents	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$2.56M	USD	2 Qtrs
Stock compensation	`RestrictedStockExpense`	$308.09K	USD	2 Qtrs
Stock compensation	`RestrictedStockExpense`	$250.91K	USD	2 Qtrs
Stock compensation	`RestrictedStockExpense`	$113.00K	USD	1 Quarter
Stock compensation	`RestrictedStockExpense`	$122.00K	USD	1 Quarter
Gain on sale of real estate assets	`GainLossOnSaleOfPropertyPlantEquipment`	$856.91K	USD	2 Qtrs
Gain on sale of real estate assets	`GainLossOnSaleOfPropertyPlantEquipment`	$99.08K	USD	2 Qtrs
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$-24.57K	USD	2 Qtrs
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$-31.33K	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$200.35K	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$638.61K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$172.38K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$824.51K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-270.58K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-61.38K	USD	2 Qtrs
IncreaseDecreaseInAccounts Payable And Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$132.10K	USD	2 Qtrs
IncreaseDecreaseInAccounts Payable And Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-274.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.32M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.17M	USD	2 Qtrs
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$21.05M	USD	2 Qtrs
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$4.79M	USD	2 Qtrs
Building and tenant improvements	`PaymentsForTenantImprovements`	$1.42M	USD	2 Qtrs
Building and tenant improvements	`PaymentsForTenantImprovements`	$675.50K	USD	2 Qtrs
Proceeds received sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$4.71M	USD	2 Qtrs
Proceeds received sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$6.66M	USD	2 Qtrs
Net repayments of notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.57K	USD	2 Qtrs
Net repayments of notes receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$458.52K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.02M	USD	2 Qtrs
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$20.73M	USD	2 Qtrs
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$16.00M	USD	2 Qtrs
Repayment of mortgage notes payable	`ProceedsFromRepaymentsOfSecuredDebt`	$-23.90M	USD	2 Qtrs
Repayment of mortgage notes payable	`ProceedsFromRepaymentsOfSecuredDebt`	$-3.10M	USD	2 Qtrs
Deferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Deferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	$18.89K	USD	2 Qtrs
Contributions received (distributed) in excess of distributions	`ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests`	$-639.71K	USD	2 Qtrs
Contributions received (distributed) in excess of distributions	`ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests`	$-806.44K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$34.17K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.66K	USD	2 Qtrs
Repurchase of common stock - related parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	$155.90K	USD	2 Qtrs
Repurchase of common stock - related parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	-	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.32M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.04M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.71M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.30M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.55M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.94M	USD	2 Qtrs
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.32M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.81M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.32M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.75M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.81M	USD	Point-in-time
Interest paid	`InterestPaid`	$2.60M	USD	2 Qtrs
Interest paid	`InterestPaid`	$2.03M	USD	2 Qtrs
Reinvestment of cash dividend	`StockIssued1`	$2.01M	USD	2 Qtrs
Reinvestment of cash dividend	`StockIssued1`	$2.03M	USD	2 Qtrs
Accrual of dividends payable	`AccrualOfDividendsPayable`	$1.12M	USD	2 Qtrs
Accrual of dividends payable	`AccrualOfDividendsPayable`	$1.20M	USD	2 Qtrs
BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable	`BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable`	$1.90M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance,	`StockholdersEquity`	$87.38M	USD	Point-in-time
Balance,	`StockholdersEquity`	$88.20M	USD	Point-in-time
Deferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Deferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	$18.89K	USD	2 Qtrs
Repurchase of common stock - Related Parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	$155.90K	USD	2 Qtrs
Repurchase of common stock - Related Parties	`StockRepurchasedRelatedPartyDuringPeriodValue`	-	USD	2 Qtrs
Contributions received (distributed) in excess of distributions of noncontrolling interests	`ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests`	$-639.71K	USD	2 Qtrs
Contributions received (distributed) in excess of distributions of noncontrolling interests	`ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests`	$-806.44K	USD	2 Qtrs
Net (loss) income	`IncomeLossFromContinuingOperations`	$-433.22K	USD	1 Quarter
Net (loss) income	`IncomeLossFromContinuingOperations`	$-449.35K	USD	2 Qtrs
Net (loss) income	`IncomeLossFromContinuingOperations`	$-1.00M	USD	2 Qtrs
Net (loss) income	`IncomeLossFromContinuingOperations`	$-396.20K	USD	1 Quarter
Dividend (declared)/reinvested	`DividendsPayableCurrentAndNoncurrent`	$1.20M	USD	Point-in-time
Dividend (declared)/reinvested	`DividendsPayableCurrentAndNoncurrent`	$1.14M	USD	Point-in-time
DividendsCash	`DividendsCash`	$2.09M	USD	2 Qtrs
DividendsCash	`DividendsCash`	$2.15M	USD	2 Qtrs
Issuance of vested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$490.00K	USD	Annual
Issuance of vested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$656.00K	USD	2 Qtrs
BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable	`BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable`	$1.90M	USD	Point-in-time
Balance,	`StockholdersEquity`	$87.38M	USD	Point-in-time
Balance,	`StockholdersEquity`	$88.20M	USD	Point-in-time

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