10-K Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001564590-17-004724`
Period End Date	20161231
Filing Date	20170317
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	netr-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 48 Cash Flow Statement 70 Stockholders Equity 18

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$49.97M	USD	Point-in-time
Land	`Land`	$51.27M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$177.36M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$190.27M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$19.88M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$21.47M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsGross`	$13.85M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsGross`	$13.81M	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`	$224.73M	USD	Point-in-time
Real estate assets and lease intangibles, cost	`RealEstateInvestmentPropertyAndLeaseIntangiblesAtCost`	$276.83M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$29.96M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$36.31M	USD	Point-in-time
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesNet`	$231.09M	USD	Point-in-time
Real estate assets and lease intangibles, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesNet`	$240.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	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
Restricted cash	`RestrictedCashAndCashEquivalents`	$6.76M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.27M	USD	Point-in-time
Deferred leasing costs, net	`DeferredCostsLeasingNet`	$1.92M	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`	$5.75M	USD	Point-in-time
Other assets, net	`OtherAssets`	$5.90M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$258.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$254.27M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$142.64M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$158.89M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$6.07M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$7.46M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$2.40M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$2.32M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.17M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.06M	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$1.70M	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$2.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$189.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$202.25M	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`	$149.54M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-93.82M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-106.62M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$53.06M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$43.09M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$12.66M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$12.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.54M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.16M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.75M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$254.27M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$258.00M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$23.59M	USD	Annual
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$31.59M	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$860.24K	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$388.83K	USD	Annual
Total revenues	`Revenues`	$32.45M	USD	Annual
Total revenues	`Revenues`	$23.98M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$8.52M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$10.14M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.07M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.67M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$7.78M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$10.26M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$25.46M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$20.97M	USD	Annual
Interest expense-Series B preferred stock	`InterestExpensePreferredStock`	$4.77M	USD	Annual
Interest expense-Series B preferred stock	`InterestExpensePreferredStock`	$5.97M	USD	Annual
Interest expense-mortgage notes	`InterestExpenseDebt`	$7.56M	USD	Annual
Interest expense-mortgage notes	`InterestExpenseDebt`	$6.01M	USD	Annual
Interest and other income	`InterestIncomeOperating`	$85.72K	USD	Annual
Interest and other income	`InterestIncomeOperating`	$150.01K	USD	Annual
Gain on sales of real estate	`GainLossOnSaleOfBusiness`	$2.19M	USD	Annual
Gain on sales of real estate	`GainLossOnSaleOfBusiness`	$1.51M	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	$948.05K	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	-	USD	Annual
Acquisition costs	`AcquisitionCosts`	$145.04K	USD	Annual
Acquisition costs	`AcquisitionCosts`	$348.41K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$213.86K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$172.69K	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-12.57M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-9.63M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.63M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-5.57M	USD	Annual
Gain on the sale of real estate	`GainLossOnDispositionOfRealEstateDiscontinuedOperations`	$4.73M	USD	Annual
Loss from discontinued operations, net	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	$-131.38K	USD	Annual
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$4.60M	USD	Annual
Net loss	`ProfitLoss`	$-2.03M	USD	Annual
Net loss	`ProfitLoss`	$-5.57M	USD	Annual
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$1.79M	USD	Annual
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$241.40K	USD	Annual
Net loss attributable to NetREIT, Inc. common stockholders	`NetIncomeLoss`	$-5.81M	USD	Annual
Net loss attributable to NetREIT, Inc. common stockholders	`NetIncomeLoss`	$-3.82M	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.39	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.32	USD	Annual
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$0.27	USD	Annual
Loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	Annual
Loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.14M	shares	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.30M	shares	Annual

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.03M	USD	Annual
Net loss	`ProfitLoss`	$-5.57M	USD	Annual
Depreciation and amortization from continuing operations	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$10.26M	USD	Annual
Depreciation and amortization from continuing operations	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$7.78M	USD	Annual
Depreciation and amortization from discontinued operations	`DepreciationAndAmortizationDiscontinuedOperations`	$165.65K	USD	Annual
Stock compensation	`RestrictedStockExpense`	$464.83K	USD	Annual
Stock compensation	`RestrictedStockExpense`	$520.58K	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$-196.00	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$236.33K	USD	Annual
Gain on sale of real estate assets	`GainsLossesOnSalesOfInvestmentRealEstate`	$2.19M	USD	Annual
Gain on sale of real estate assets	`GainsLossesOnSalesOfInvestmentRealEstate`	$6.24M	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	$948.05K	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	-	USD	Annual
Amortization of financing costs	`AmortizationOfFinancingCosts`	$1.45M	USD	Annual
Amortization of financing costs	`AmortizationOfFinancingCosts`	$1.29M	USD	Annual
Amortization of above-market leases	`AmortizationOfAboveMarketLeases`	$212.94K	USD	Annual
Amortization of above-market leases	`AmortizationOfAboveMarketLeases`	$170.57K	USD	Annual
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$169.36K	USD	Annual
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$456.39K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.17M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-69.31K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.27M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.39M	USD	Annual
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$955.22K	USD	Annual
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$-82.78K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.77M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.72M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$23.67M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$67.85M	USD	Annual
Buildings and tenant improvements	`PaymentsForTenantImprovements`	$2.85M	USD	Annual
Buildings and tenant improvements	`PaymentsForTenantImprovements`	$4.15M	USD	Annual
Additions to deferred leasing costs	`PaymentsForLeasingCosts`	$931.20K	USD	Annual
Additions to deferred leasing costs	`PaymentsForLeasingCosts`	$639.00K	USD	Annual
Proceeds received from sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$9.77M	USD	Annual
Proceeds received from sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$37.76M	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$2.67M	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-2.49M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.49M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.26M	USD	Annual
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromNotesPayable`	$50.86M	USD	Annual
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromNotesPayable`	$26.08M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$30.83M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$10.27M	USD	Annual
Redemption of mandatorily redeemable preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$2.30M	USD	Annual
Proceeds from issuance of mandatorily redeemable preferred stock, net of offering costs	`ProceedsFromIssuanceOfMandatorilyPreferredStock`	$18.20M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	Annual
Contributions received from noncontrolling interests in excess of distributions paid	`ProceedsFromPaymentsToMinorityShareholders`	$-493.53K	USD	Annual
Contributions received from noncontrolling interests in excess of distributions paid	`ProceedsFromPaymentsToMinorityShareholders`	$317.27K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$176.46K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$55.03K	USD	Annual
Dividends paid to stockholders	`PaymentsOfDividendsCommonStock`	$4.12M	USD	Annual
Dividends paid to stockholders	`PaymentsOfDividendsCommonStock`	$4.52M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.26M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$33.49M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.51M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$990.42K	USD	Annual
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.63M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.63M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Interest paid Series B preferred stock	`InterestPaidPreferredStockSeriesB`	$3.44M	USD	Annual
Interest paid Series B preferred stock	`InterestPaidPreferredStockSeriesB`	$6.25M	USD	Annual
Interest paid-mortgage notes payable	`InterestPaidMortgageNotes`	$7.24M	USD	Annual
Interest paid-mortgage notes payable	`InterestPaidMortgageNotes`	$5.97M	USD	Annual
Reinvestment of cash dividends	`StockIssued1`	$2.36M	USD	Annual
Reinvestment of cash dividends	`StockIssued1`	$2.66M	USD	Annual
Accrual of dividends payable	`AccrualOfDividendsPayable`	$1.06M	USD	Annual
Accrual of dividends payable	`AccrualOfDividendsPayable`	$1.17M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.54M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.16M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.75M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-2.03M	USD	Annual
Net income (loss)	`ProfitLoss`	$-5.57M	USD	Annual
Dividends declared, paid and reinvested, value	`StockIssuedDuringPeriodValueDividendsDeclaredPaidAndNetOfReinvested`	$-4.19M	USD	Annual
Dividends declared, paid and reinvested, value	`StockIssuedDuringPeriodValueDividendsDeclaredPaidAndNetOfReinvested`	$-4.63M	USD	Annual
Common stock repurchased, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$55.03K	USD	Annual
Common stock repurchased, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$28.71K	USD	Annual
Common stock repurchased from related party, value	`StockRepurchasedRelatedPartyDuringPeriodValue`	$147.75K	USD	Annual
Common stock issued, value	`StockIssuedDuringPeriodValueNewIssues`	$50.00K	USD	Annual
Contributions received from noncontrolling interests, net of distributions paid	`ContributedCapitalLessDistributionsOfNoncontrollingInterests`	$317.27K	USD	Annual
Contributions received from noncontrolling interests, net of distributions paid	`ContributedCapitalLessDistributionsOfNoncontrollingInterests`	$-493.53K	USD	Annual
Vesting of restricted stock, value	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$520.58K	USD	Annual
Vesting of restricted stock, value	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$464.83K	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.54M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.16M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.75M	USD	Point-in-time

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