10-K Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001564590-18-006319`
Period End Date	20171231
Filing Date	20180320
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	sqft-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 40 Cash Flow Statement 68 Stockholders Equity 17

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$45.72M	USD	Point-in-time
Land	`Land`	$47.19M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$182.04M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$180.59M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$20.15M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$21.53M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsGross`	$9.10M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsGross`	$12.66M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, cost	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost`	$258.40M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, cost	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost`	$260.59M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$36.21M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$32.67M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet`	$222.19M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet`	$227.93M	USD	Point-in-time
Real estate assets held for sale, net	`RealEstateHeldforsale`	$12.35M	USD	Point-in-time
Real estate assets held for sale, net	`RealEstateHeldforsale`	$12.59M	USD	Point-in-time
Real estate assets, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAndRealEstateHeldForSaleNet`	$234.53M	USD	Point-in-time
Real estate assets, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAndRealEstateHeldForSaleNet`	$240.52M	USD	Point-in-time
Cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.39M	USD	Point-in-time
Cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.39M	USD	Point-in-time
Cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.31M	USD	Point-in-time
Deferred leasing costs, net	`DeferredCostsLeasingNet`	$1.89M	USD	Point-in-time
Deferred leasing costs, net	`DeferredCostsLeasingNet`	$1.92M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Other assets, net	`OtherAssets`	$7.34M	USD	Point-in-time
Other assets, net	`OtherAssets`	$5.75M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$258.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$254.50M	USD	Point-in-time
Mortgage notes payable held for investment, net	`MortgageNotesPayableHeldForInvestmentNet`	$154.45M	USD	Point-in-time
Mortgage notes payable held for investment, net	`MortgageNotesPayableHeldForInvestmentNet`	$153.00M	USD	Point-in-time
Mortgage notes payable related to real estate assets held for sale, net	`MortgageNotesPayableRelatedToRealEstateAssetsHeldForSaleNet`	$5.89M	USD	Point-in-time
Mortgage notes payable related to real estate assets held for sale, net	`MortgageNotesPayableRelatedToRealEstateAssetsHeldForSaleNet`	$5.87M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$160.32M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$158.89M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$7.14M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$6.07M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$3.01M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$2.32M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.17M	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$1.70M	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$1.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$202.45M	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`	$149.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$151.12M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-106.62M	USD	Point-in-time
Dividends in excess of accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-113.65M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$37.65M	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`	$14.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.75M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.04M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.16M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$254.50M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$258.00M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$31.83M	USD	Annual
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$31.59M	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$1.54M	USD	Annual
Fee and other income	`FeeAndOtherIncome`	$860.24K	USD	Annual
Total revenues	`Revenues`	$33.37M	USD	Annual
Total revenues	`Revenues`	$32.45M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$10.14M	USD	Annual
Rental operating costs	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$10.72M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.07M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.20M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$9.71M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$10.26M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$25.46M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$25.63M	USD	Annual
Interest expense-Series B preferred stock	`InterestExpensePreferredStock`	$5.97M	USD	Annual
Interest expense-Series B preferred stock	`InterestExpensePreferredStock`	$5.08M	USD	Annual
Interest expense-mortgage notes	`InterestExpenseDebt`	$7.56M	USD	Annual
Interest expense-mortgage notes	`InterestExpenseDebt`	$7.87M	USD	Annual
Interest and other income	`InterestIncomeOperating`	$85.72K	USD	Annual
Interest and other income	`InterestIncomeOperating`	$30.29K	USD	Annual
Gain on sales of real estate	`GainLossOnSaleOfBusiness`	$2.19M	USD	Annual
Gain on sales of real estate	`GainLossOnSaleOfBusiness`	$2.62M	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	$948.05K	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	-	USD	Annual
Acquisition costs	`AcquisitionCosts`	$72.90K	USD	Annual
Acquisition costs	`AcquisitionCosts`	$145.04K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$213.86K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$208.68K	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-10.58M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-12.57M	USD	Annual
Net loss	`ProfitLoss`	$-2.84M	USD	Annual
Net loss	`ProfitLoss`	$-5.57M	USD	Annual
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$241.40K	USD	Annual
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$642.34K	USD	Annual
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLoss`	$-3.48M	USD	Annual
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLoss`	$-5.81M	USD	Annual
Loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	Annual
Loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.59M	shares	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.29M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.84M	USD	Annual
Net loss	`ProfitLoss`	$-5.57M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$9.71M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAmortizationOfAboveMarketRents`	$10.26M	USD	Annual
Stock compensation	`RestrictedStockExpense`	$520.58K	USD	Annual
Stock compensation	`RestrictedStockExpense`	$558.73K	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$-196.00	USD	Annual
Bad debt expense	`ValuationAllowancesAndReservesDeductions`	$72.15K	USD	Annual
Gain on sale of real estate assets	`GainsLossesOnSalesOfInvestmentRealEstate`	$2.62M	USD	Annual
Gain on sale of real estate assets	`GainsLossesOnSalesOfInvestmentRealEstate`	$2.19M	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`	$1.09M	USD	Annual
Amortization of above-market leases	`AmortizationOfAboveMarketLeases`	$100.85K	USD	Annual
Amortization of above-market leases	`AmortizationOfAboveMarketLeases`	$170.57K	USD	Annual
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$307.71K	USD	Annual
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$456.39K	USD	Annual
Straightline rent adjustment	`StraightLineRentAdjustments`	$-624.56K	USD	Annual
Straightline rent adjustment	`StraightLineRentAdjustments`	$-958.85K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.03M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.32M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.08M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.39M	USD	Annual
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$695.00K	USD	Annual
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$-82.78K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.72M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.59M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$23.67M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$17.56M	USD	Annual
Buildings and tenant improvements	`PaymentsForTenantImprovements`	$3.62M	USD	Annual
Buildings and tenant improvements	`PaymentsForTenantImprovements`	$4.15M	USD	Annual
Additions to deferred leasing costs	`PaymentsForLeasingCosts`	$521.60K	USD	Annual
Additions to deferred leasing costs	`PaymentsForLeasingCosts`	$931.20K	USD	Annual
Proceeds received from sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$9.77M	USD	Annual
Proceeds received from sale of real estate assets	`ProceedsFromSaleOfProductiveAssets`	$20.61M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.98M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.09M	USD	Annual
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromNotesPayable`	$13.30M	USD	Annual
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromNotesPayable`	$26.08M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$12.12M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfNotesPayable`	$10.27M	USD	Annual
Redemption of mandatorily redeemable preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$2.30M	USD	Annual
Redemption of mandatorily redeemable preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$2.00M	USD	Annual
Series B stock costs	`PaymentsOfStockIssuanceCosts`	$153.50K	USD	Annual
Contributions received from noncontrolling interests in excess of distributions paid	`ProceedsFromPaymentsToMinorityShareholders`	$317.27K	USD	Annual
Contributions received from noncontrolling interests in excess of distributions paid	`ProceedsFromPaymentsToMinorityShareholders`	$1.10M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$70.40K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$55.03K	USD	Annual
Dividends paid to stockholders	`PaymentsOfDividendsCommonStock`	$4.52M	USD	Annual
Dividends paid to stockholders	`PaymentsOfDividendsCommonStock`	$3.62M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.26M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.57M	USD	Annual
Net increase (decrease) in cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$922.78K	USD	Annual
Net increase (decrease) in cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.00M	USD	Annual
Cash equivalents and restricted cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.39M	USD	Point-in-time
Cash equivalents and restricted cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.39M	USD	Point-in-time
Cash equivalents and restricted cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.31M	USD	Point-in-time
Cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.39M	USD	Point-in-time
Cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.39M	USD	Point-in-time
Cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.31M	USD	Point-in-time
Interest paid Series B preferred stock	`InterestPaidPreferredStockSeriesB`	$6.25M	USD	Annual
Interest paid Series B preferred stock	`InterestPaidPreferredStockSeriesB`	$4.44M	USD	Annual
Interest paid-mortgage notes payable	`InterestPaidMortgageNotes`	$7.24M	USD	Annual
Interest paid-mortgage notes payable	`InterestPaidMortgageNotes`	$7.39M	USD	Annual
Reinvestment of cash dividends	`StockIssued1`	$2.36M	USD	Annual
Reinvestment of cash dividends	`StockIssued1`	$1.10M	USD	Annual
Accrual of dividends payable	`AccrualOfDividendsPayable`	$1.17M	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.75M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.04M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.16M	USD	Point-in-time
Net loss	`ProfitLoss`	$-2.84M	USD	Annual
Net loss	`ProfitLoss`	$-5.57M	USD	Annual
Dividends declared, paid and reinvested, value	`StockIssuedDuringPeriodValueDividendsDeclaredNetOfReinvested`	$-2.45M	USD	Annual
Dividends declared, paid and reinvested, value	`StockIssuedDuringPeriodValueDividendsDeclaredNetOfReinvested`	$-4.63M	USD	Annual
Dividends declared, paid and reinvested, value	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	1.83M	shares	Annual
Common stock repurchased, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$70.40K	USD	Annual
Common stock repurchased, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$55.03K	USD	Annual
Contributions received from noncontrolling interests, net of distributions paid	`ContributedCapitalLessDistributionsOfNoncontrollingInterests`	$1.10M	USD	Annual
Contributions received from noncontrolling interests, net of distributions paid	`ContributedCapitalLessDistributionsOfNoncontrollingInterests`	$317.27K	USD	Annual
Vesting of restricted stock, value	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$558.73K	USD	Annual
Vesting of restricted stock, value	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$520.58K	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.75M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.04M	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.