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10-Q Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 Q3 2016
Filing Information
Form Type 10-Q
Accession Number 0001564590-16-028699
Period End Date 20160930
Filing Date 20161109
Fiscal Year 2016
Fiscal Period Q3
XBRL Instance netr-20160930.xml
Filing Contents
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Land Land $49.97M USD Point-in-time
Land Land $50.12M USD Point-in-time
Buildings and improvements InvestmentBuildingAndBuildingImprovements $177.36M USD Point-in-time
Buildings and improvements InvestmentBuildingAndBuildingImprovements $184.97M USD Point-in-time
Tenant improvements TenantImprovements $21.06M USD Point-in-time
Tenant improvements TenantImprovements $19.88M USD Point-in-time
Lease intangibles FiniteLivedIntangibleAssetsGross $13.81M USD Point-in-time
Lease intangibles FiniteLivedIntangibleAssetsGross $13.85M USD Point-in-time
Real estate assets and lease intangibles, cost RealEstateInvestmentPropertyAndLeaseIntangiblesAtCost $261.05M USD Point-in-time
Real estate assets and lease intangibles, cost RealEstateInvestmentPropertyAndLeaseIntangiblesAtCost $269.97M USD Point-in-time
Accumulated depreciation and amortization RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization $29.96M USD Point-in-time
Accumulated depreciation and amortization RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization $33.97M USD Point-in-time
Real estate assets and lease intangibles, net RealEstateInvestmentPropertyAndLeaseIntangiblesNet $236.00M USD Point-in-time
Real estate assets and lease intangibles, net RealEstateInvestmentPropertyAndLeaseIntangiblesNet $231.09M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.15M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.63M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $5.64M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.70M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $6.76M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $3.77M USD Point-in-time
Deferred leasing costs, net DeferredCostsLeasingNet $1.82M USD Point-in-time
Deferred leasing costs, net DeferredCostsLeasingNet $1.48M USD Point-in-time
Goodwill Goodwill $2.42M USD Point-in-time
Goodwill Goodwill $2.42M USD Point-in-time
Other assets, net OtherAssets $5.90M USD Point-in-time
Other assets, net OtherAssets $5.55M USD Point-in-time
TOTAL ASSETS Assets $254.27M USD Point-in-time
TOTAL ASSETS Assets $254.27M USD Point-in-time
Mortgage notes payable, net NotesPayable $152.72M USD Point-in-time
Mortgage notes payable, net NotesPayable $142.64M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $7.46M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $6.84M USD Point-in-time
Accrued real estate taxes AccruedRealEstateTaxes $1.93M USD Point-in-time
Accrued real estate taxes AccruedRealEstateTaxes $2.40M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $1.16M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $1.06M USD Point-in-time
Below-market leases, net BelowMarketLeaseNet $1.81M USD Point-in-time
Below-market leases, net BelowMarketLeaseNet $2.15M USD Point-in-time
Total liabilities Liabilities $196.31M USD Point-in-time
Total liabilities Liabilities $189.11M 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 $146.71M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $148.45M USD Point-in-time
Dividends in excess of accumulated losses RetainedEarningsAccumulatedDeficit $-93.82M USD Point-in-time
Dividends in excess of accumulated losses RetainedEarningsAccumulatedDeficit $-103.06M USD Point-in-time
Total stockholders' equity before noncontrolling interest StockholdersEquity $45.56M USD Point-in-time
Total stockholders' equity before noncontrolling interest StockholdersEquity $53.06M USD Point-in-time
Noncontrolling interest MinorityInterest $12.10M USD Point-in-time
Noncontrolling interest MinorityInterest $12.40M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $57.96M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $65.16M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $254.27M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $254.27M USD Point-in-time
Income Statement 86 line items
Line Item Tag Value Unit Period
Rental income OperatingLeasesIncomeStatementLeaseRevenue $6.01M USD 1 Quarter
Rental income OperatingLeasesIncomeStatementLeaseRevenue $23.60M USD 3 Qtrs
Rental income OperatingLeasesIncomeStatementLeaseRevenue $16.75M USD 3 Qtrs
Rental income OperatingLeasesIncomeStatementLeaseRevenue $7.69M USD 1 Quarter
Fee and other income FeeAndOtherIncome $104.03K USD 1 Quarter
Fee and other income FeeAndOtherIncome $489.56K USD 3 Qtrs
Fee and other income FeeAndOtherIncome $160.62K USD 1 Quarter
Fee and other income FeeAndOtherIncome $327.75K USD 3 Qtrs
Total revenues Revenues $7.85M USD 1 Quarter
Total revenues Revenues $24.09M USD 3 Qtrs
Total revenues Revenues $6.11M USD 1 Quarter
Total revenues Revenues $17.08M USD 3 Qtrs
Rental operating costs DirectCostsOfLeasedAndRentedPropertyOrEquipment $2.58M USD 1 Quarter
Rental operating costs DirectCostsOfLeasedAndRentedPropertyOrEquipment $7.64M USD 3 Qtrs
Rental operating costs DirectCostsOfLeasedAndRentedPropertyOrEquipment $5.74M USD 3 Qtrs
Rental operating costs DirectCostsOfLeasedAndRentedPropertyOrEquipment $1.90M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $3.72M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $1.25M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.17M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $3.31M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $7.72M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $5.56M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $2.56M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $1.88M USD 1 Quarter
Total costs and expenses OperatingExpenses $4.95M USD 1 Quarter
Total costs and expenses OperatingExpenses $19.07M USD 3 Qtrs
Total costs and expenses OperatingExpenses $14.61M USD 3 Qtrs
Total costs and expenses OperatingExpenses $6.39M USD 1 Quarter
Interest expense-Series B preferred stock InterestExpensePreferredStock $4.55M USD 3 Qtrs
Interest expense-Series B preferred stock InterestExpensePreferredStock $1.44M USD 1 Quarter
Interest expense-Series B preferred stock InterestExpensePreferredStock $2.92M USD 3 Qtrs
Interest expense-Series B preferred stock InterestExpensePreferredStock $1.16M USD 1 Quarter
Interest expense-mortgage notes InterestExpenseDebt $4.36M USD 3 Qtrs
Interest expense-mortgage notes InterestExpenseDebt $1.47M USD 1 Quarter
Interest expense-mortgage notes InterestExpenseDebt $1.88M USD 1 Quarter
Interest expense-mortgage notes InterestExpenseDebt $5.64M USD 3 Qtrs
Interest and other income InterestIncomeOperating $9.89K USD 1 Quarter
Interest and other income InterestIncomeOperating $61.98K USD 3 Qtrs
Interest and other income InterestIncomeOperating $78.22K USD 3 Qtrs
Interest and other income InterestIncomeOperating $26.22K USD 1 Quarter
Gain on sales of real estate GainLossOnSaleOfBusiness $2.12M USD 3 Qtrs
Gain on sales of real estate GainLossOnSaleOfBusiness $732.91K USD 1 Quarter
Gain on sales of real estate GainLossOnSaleOfBusiness $10.86K USD 1 Quarter
Gain on sales of real estate GainLossOnSaleOfBusiness $1.21M USD 3 Qtrs
Impairment of real estate asset AssetImpairmentCharges $700.00K USD 3 Qtrs
Impairment of real estate asset AssetImpairmentCharges $700.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $87.90K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $14.34K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $167.07K USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $232.60K USD 3 Qtrs
Total other expense, net NonoperatingIncomeExpense $-8.92M USD 3 Qtrs
Total other expense, net NonoperatingIncomeExpense $-3.37M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-2.61M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-6.19M USD 3 Qtrs
Loss from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-1.45M USD 1 Quarter
Loss from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-3.72M USD 3 Qtrs
Loss from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-3.90M USD 3 Qtrs
Loss from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-1.91M USD 1 Quarter
Gain on the sale of real estate GainLossOnDispositionOfRealEstateDiscontinuedOperations $4.73M USD 3 Qtrs
Loss from discontinued operations, net DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss $-131.38K USD 3 Qtrs
Income from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTax $4.60M USD 3 Qtrs
Net (loss) income ProfitLoss $-1.45M USD 1 Quarter
Net (loss) income ProfitLoss $-1.91M USD 1 Quarter
Net (loss) income ProfitLoss $877.25K USD 3 Qtrs
Net (loss) income ProfitLoss $-3.90M USD 3 Qtrs
Less: Income attributable to noncontrolling interests IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity $81.53K USD 1 Quarter
Less: Income attributable to noncontrolling interests IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity $102.89K USD 3 Qtrs
Less: Income attributable to noncontrolling interests IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity $1.41M USD 3 Qtrs
Less: Income attributable to noncontrolling interests IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity $96.12K USD 1 Quarter
Net loss attributable to NetREIT, Inc. common stockholders NetIncomeLoss $-1.99M USD 1 Quarter
Net loss attributable to NetREIT, Inc. common stockholders NetIncomeLoss $-4.01M USD 3 Qtrs
Net loss attributable to NetREIT, Inc. common stockholders NetIncomeLoss $-537.39K USD 3 Qtrs
Net loss attributable to NetREIT, Inc. common stockholders NetIncomeLoss $-1.55M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.11 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.08 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.23 USD 3 Qtrs
Continuing operations IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.22 USD 3 Qtrs
Discontinued operations DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $0.27 USD 3 Qtrs
Loss per common share EarningsPerShareBasicAndDiluted $-0.23 USD 3 Qtrs
Loss per common share EarningsPerShareBasicAndDiluted $-0.11 USD 1 Quarter
Loss per common share EarningsPerShareBasicAndDiluted $-0.03 USD 3 Qtrs
Loss per common share EarningsPerShareBasicAndDiluted $-0.09 USD 1 Quarter
Weighted average number of common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 16.98M shares 3 Qtrs
Weighted average number of common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 17.29M shares 3 Qtrs
Weighted average number of common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 17.07M shares 1 Quarter
Weighted average number of common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 17.35M shares 1 Quarter
Cash Flow Statement 77 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $-1.45M USD 1 Quarter
Net (loss) income ProfitLoss $-1.91M USD 1 Quarter
Net (loss) income ProfitLoss $877.25K USD 3 Qtrs
Net (loss) income ProfitLoss $-3.90M USD 3 Qtrs
Depreciation and amortization from continuing operations DepreciationAmortizationAndAmortizationOfAboveMarketRents $7.72M USD 3 Qtrs
Depreciation and amortization from continuing operations DepreciationAmortizationAndAmortizationOfAboveMarketRents $5.56M USD 3 Qtrs
Depreciation and amortization from discontinued operations DepreciationAndAmortizationDiscontinuedOperations $165.65K USD 3 Qtrs
Stock compensation RestrictedStockExpense $388.60K USD 3 Qtrs
Stock compensation RestrictedStockExpense $350.01K USD 3 Qtrs
Bad debt expense ValuationAllowancesAndReservesDeductions $-54.41K USD 3 Qtrs
Gain on sale of real estate assets, net GainsLossesOnSalesOfInvestmentRealEstate $2.12M USD 3 Qtrs
Gain on sale of real estate assets, net GainsLossesOnSalesOfInvestmentRealEstate $10.86K USD 1 Quarter
Gain on sale of real estate assets, net GainsLossesOnSalesOfInvestmentRealEstate $5.94M USD 3 Qtrs
Gain on sale of real estate assets, net GainsLossesOnSalesOfInvestmentRealEstate $732.91K USD 1 Quarter
Impairment of real estate asset AssetImpairmentCharges $700.00K USD 3 Qtrs
Impairment of real estate asset AssetImpairmentCharges $700.00K USD 1 Quarter
Amortization of financing costs AmortizationOfFinancingCosts $941.84K USD 3 Qtrs
Amortization of financing costs AmortizationOfFinancingCosts $1.08M USD 3 Qtrs
Amortization of above-market leases AmortizationOfAboveMarketLeases $139.42K USD 3 Qtrs
Amortization of above-market leases AmortizationOfAboveMarketLeases $161.16K USD 3 Qtrs
Amortization of below-market leases AmortizationOfBelowMarketLease $94.20K USD 3 Qtrs
Amortization of below-market leases AmortizationOfBelowMarketLease $345.95K USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $696.21K USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $-339.62K USD 3 Qtrs
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $495.73K USD 3 Qtrs
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $303.04K USD 3 Qtrs
Accrued real estate taxes ChangeAccruedRealEstateTaxes $-473.89K USD 3 Qtrs
Accrued real estate taxes ChangeAccruedRealEstateTaxes $217.19K USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $3.78M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.04M USD 3 Qtrs
Real estate acquisitions PaymentsToAcquireRealEstate $42.53M USD 3 Qtrs
Real estate acquisitions PaymentsToAcquireRealEstate $15.77M USD 3 Qtrs
Buildings and tenant improvements PaymentsForTenantImprovements $2.35M USD 3 Qtrs
Buildings and tenant improvements PaymentsForTenantImprovements $3.71M USD 3 Qtrs
Additions to deferred leasing costs PaymentsForLeasingCosts $332.93K USD 3 Qtrs
Additions to deferred leasing costs PaymentsForLeasingCosts $710.72K USD 3 Qtrs
Proceeds received from sale of real estate assets ProceedsFromSaleOfProductiveAssets $8.56M USD 3 Qtrs
Proceeds received from sale of real estate assets ProceedsFromSaleOfProductiveAssets $37.10M USD 3 Qtrs
Restricted cash IncreaseDecreaseInRestrictedCash $2.50M USD 3 Qtrs
Restricted cash IncreaseDecreaseInRestrictedCash $-2.99M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-8.65M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.62M USD 3 Qtrs
Proceeds from mortgage notes payable, net of issuance costs ProceedsFromNotesPayable $33.28M USD 3 Qtrs
Proceeds from mortgage notes payable, net of issuance costs ProceedsFromNotesPayable $18.98M USD 3 Qtrs
Repayment of mortgage notes payable RepaymentsOfNotesPayable $29.72M USD 3 Qtrs
Repayment of mortgage notes payable RepaymentsOfNotesPayable $9.22M USD 3 Qtrs
Repayment of mandatorily redeemable preferred stock RepaymentOfMandatorilyRedeemablePreferredStock $2.30M USD 3 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $50.00K USD 3 Qtrs
Proceeds from issuance of mandatorily redeemable preferred stock, net of offering costs ProceedsFromIssuanceOfMandatorilyPreferredStock $13.40M USD 3 Qtrs
Contributions received from noncontrolling interests in excess of distributions paid ProceedsFromPaymentsToMinorityShareholders $197.15K USD 3 Qtrs
Contributions received from noncontrolling interests in excess of distributions paid ProceedsFromPaymentsToMinorityShareholders $-63.36K USD 3 Qtrs
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $147.77K USD 3 Qtrs
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $55.02K USD 3 Qtrs
Series B accrued interest PaymentsForProceedsFromSeriesBAccruedInterest $1.31M USD 3 Qtrs
Series B accrued interest PaymentsForProceedsFromSeriesBAccruedInterest $-583.19K USD 3 Qtrs
Dividends paid to stockholders PaymentsOfDividendsCommonStock $3.29M USD 3 Qtrs
Dividends paid to stockholders PaymentsOfDividendsCommonStock $3.35M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $14.08M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $2.95M USD 3 Qtrs
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $5.51M USD 3 Qtrs
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.92M USD 3 Qtrs
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $11.15M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $6.63M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $5.64M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $4.70M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $11.15M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $6.63M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $5.64M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $4.70M USD Point-in-time
Interest paid Series B preferred stock InterestPaidPreferredStockSeriesB $5.08M USD 3 Qtrs
Interest paid Series B preferred stock InterestPaidPreferredStockSeriesB $2.24M USD 3 Qtrs
Interest paid-mortgage notes payable InterestPaidMortgageNotes $4.54M USD 3 Qtrs
Interest paid-mortgage notes payable InterestPaidMortgageNotes $5.45M USD 3 Qtrs
Reinvestment of cash dividends StockIssued1 $2.01M USD 3 Qtrs
Reinvestment of cash dividends StockIssued1 $1.80M USD 3 Qtrs
Accrual of dividends payable AccrualOfDividendsPayable $1.16M USD 3 Qtrs
Accrual of dividends payable AccrualOfDividendsPayable $1.06M USD 3 Qtrs
Stockholders Equity 11 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $57.96M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $65.16M USD Point-in-time
Net loss ProfitLoss $-1.45M USD 1 Quarter
Net loss ProfitLoss $-1.91M USD 1 Quarter
Net loss ProfitLoss $877.25K USD 3 Qtrs
Net loss ProfitLoss $-3.90M USD 3 Qtrs
Dividends declared/reinvested, value StockIssuedDuringPeriodValueDividendsDeclaredNetOfReinvested $-3.44M USD 3 Qtrs
Common stock repurchased, value StockRepurchasedAndRetiredDuringPeriodValue $55.02K USD 3 Qtrs
Contributions received from noncontrolling interests, net of distributions paid ContributedCapitalLessDistributionsOfNoncontrollingInterests $197.15K USD 3 Qtrs
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $57.96M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $65.16M USD Point-in-time

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

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