10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-18-013219 |
| Period End Date | 20180331 |
| Filing Date | 20180511 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | sqft-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Land |
Land
|
$45.72M | USD | Point-in-time |
| Land |
Land
|
$46.86M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$187.78M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$182.04M | USD | Point-in-time |
| Tenant improvements |
TenantImprovements
|
$22.32M | USD | Point-in-time |
| Tenant improvements |
TenantImprovements
|
$21.53M | USD | Point-in-time |
| Lease intangibles |
FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale
|
$9.10M | USD | Point-in-time |
| Lease intangibles |
FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale
|
$9.06M | USD | Point-in-time |
| Real estate assets and lease intangibles held for investment, cost |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost
|
$266.01M | USD | Point-in-time |
| Real estate assets and lease intangibles held for investment, cost |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost
|
$258.40M | USD | Point-in-time |
| Accumulated depreciation and amortization |
RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization
|
$36.21M | USD | Point-in-time |
| Accumulated depreciation and amortization |
RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization
|
$38.33M | 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
|
$227.68M | USD | Point-in-time |
| Real estate assets held for sale, net |
RealEstateHeldforsale
|
$12.38M | USD | Point-in-time |
| Real estate assets held for sale, net |
RealEstateHeldforsale
|
$12.35M | USD | Point-in-time |
| Real estate assets, net |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAndRealEstateHeldForSaleNet
|
$240.06M | USD | Point-in-time |
| Real estate assets, net |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAndRealEstateHeldForSaleNet
|
$234.53M | USD | Point-in-time |
| Cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.63M | USD | Point-in-time |
| Cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.26M | USD | Point-in-time |
| Cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.10M | 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
|
$1.91M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.42M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.42M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$6.90M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$7.34M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$254.50M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$257.38M | USD | Point-in-time |
| Mortgage notes payable held for investment, net |
MortgageNotesPayableHeldForInvestmentNet
|
$158.21M | USD | Point-in-time |
| Mortgage notes payable held for investment, net |
MortgageNotesPayableHeldForInvestmentNet
|
$154.45M | USD | Point-in-time |
| Mortgage notes payable related to properties held for sale, net |
MortgageNotesPayableRelatedToPropertiesHeldForSaleNet
|
$5.89M | USD | Point-in-time |
| Mortgage notes payable related to properties held for sale, net |
MortgageNotesPayableRelatedToPropertiesHeldForSaleNet
|
$5.87M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$160.32M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$164.10M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$7.14M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$7.21M | USD | Point-in-time |
| Accrued real estate taxes |
AccruedRealEstateTaxes
|
$2.23M | USD | Point-in-time |
| Accrued real estate taxes |
AccruedRealEstateTaxes
|
$3.01M | USD | Point-in-time |
| Below-market leases, net |
BelowMarketLeaseNet
|
$1.33M | 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
|
$205.47M | 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
|
$151.12M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$151.12M | USD | Point-in-time |
| Dividends and accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-114.97M | USD | Point-in-time |
| Dividends and 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
|
$36.33M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$15.58M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$14.40M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$52.04M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$51.91M | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$254.50M | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$257.38M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$8.01M | USD | 1 Quarter |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$7.95M | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$231.89K | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$278.73K | USD | 1 Quarter |
| Total revenue |
Revenues
|
$8.25M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$8.22M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$2.64M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$2.65M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.33M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.26M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$2.34M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$2.50M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$6.40M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$6.32M | USD | 1 Quarter |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
$1.09M | USD | 1 Quarter |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
$1.41M | USD | 1 Quarter |
| Interest expense-mortgage notes |
InterestExpenseDebt
|
$1.91M | USD | 1 Quarter |
| Interest expense-mortgage notes |
InterestExpenseDebt
|
$1.98M | USD | 1 Quarter |
| Interest and other expense, net |
NonoperatingInterestAndOtherIncomeExpense
|
$-18.29K | USD | 1 Quarter |
| Interest and other expense, net |
NonoperatingInterestAndOtherIncomeExpense
|
$9.27K | USD | 1 Quarter |
| Gain on sales of real estate, net |
GainLossOnSaleOfBusiness
|
$74.21K | USD | 1 Quarter |
| Gain on sales of real estate, net |
GainLossOnSaleOfBusiness
|
$541.46K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$27.42K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$32.42K | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-3.05M | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-2.79M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-944.18K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.15M | USD | 1 Quarter |
| Less: Income attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$69.52K | USD | 1 Quarter |
| Less: Income attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$167.13K | USD | 1 Quarter |
| Net loss attributable to Presidio Property Trust, Inc. common stockholders |
NetIncomeLoss
|
$-1.32M | USD | 1 Quarter |
| Net loss attributable to Presidio Property Trust, Inc. common stockholders |
NetIncomeLoss
|
$-1.01M | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.07 | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.06 | USD | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
17.67M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
17.35M | shares | 1 Quarter |
Cash Flow Statement
61 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
ProfitLoss
|
$-944.18K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.15M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$2.50M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$2.34M | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$136.92K | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$171.84K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$1.92K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$49.39K | USD | 1 Quarter |
| Gain on sale of real estate assets, net |
GainsLossesOnSalesOfInvestmentRealEstate
|
$541.46K | USD | 1 Quarter |
| Gain on sale of real estate assets, net |
GainsLossesOnSalesOfInvestmentRealEstate
|
$74.21K | USD | 1 Quarter |
| Amortization of financing costs |
AmortizationOfFinancingCosts
|
$136.17K | USD | 1 Quarter |
| Amortization of financing costs |
AmortizationOfFinancingCosts
|
$371.25K | USD | 1 Quarter |
| Amortization of above-market leases |
AmortizationOfAboveMarketLeases
|
$21.48K | USD | 1 Quarter |
| Amortization of above-market leases |
AmortizationOfAboveMarketLeases
|
$30.84K | USD | 1 Quarter |
| Amortization of below-market leases |
AmortizationOfBelowMarketLease
|
$85.45K | USD | 1 Quarter |
| Amortization of below-market leases |
AmortizationOfBelowMarketLease
|
$63.59K | USD | 1 Quarter |
| Straight-line rent adjustment |
StraightLineRentAdjustments
|
$-170.98K | USD | 1 Quarter |
| Straight-line rent adjustment |
StraightLineRentAdjustments
|
$-112.56K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-348.62K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-545.48K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-69.12K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-100.17K | USD | 1 Quarter |
| Accrued real estate taxes |
ChangeAccruedRealEstateTaxes
|
$-618.88K | USD | 1 Quarter |
| Accrued real estate taxes |
ChangeAccruedRealEstateTaxes
|
$-781.79K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.21M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$735.68K | USD | 1 Quarter |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$7.28M | USD | 1 Quarter |
| Additions to buildings and tenant improvements |
PaymentsForTenantImprovements
|
$963.45K | USD | 1 Quarter |
| Additions to buildings and tenant improvements |
PaymentsForTenantImprovements
|
$1.20M | USD | 1 Quarter |
| Additions to deferred leasing costs |
PaymentsForLeasingCosts
|
$18.86K | USD | 1 Quarter |
| Additions to deferred leasing costs |
PaymentsForLeasingCosts
|
$167.41K | USD | 1 Quarter |
| Proceeds from sales of real estate |
ProceedsFromSaleOfProductiveAssets
|
$853.61K | USD | 1 Quarter |
| Proceeds from sales of real estate |
ProceedsFromSaleOfProductiveAssets
|
$5.22M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$4.24M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-7.80M | USD | 1 Quarter |
| Proceeds from mortgage notes payable, net of issuance costs |
ProceedsFromNotesPayable
|
$5.09M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$1.25M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$3.23M | USD | 1 Quarter |
| Redemption of mandatorily redeemable preferred stock |
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
$1.00M | USD | 1 Quarter |
| Contributions from noncontrolling interests net of distributions paid |
ProceedsFromPaymentsToMinorityShareholders
|
$606.30K | USD | 1 Quarter |
| Contributions from noncontrolling interests net of distributions paid |
ProceedsFromPaymentsToMinorityShareholders
|
$1.02M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$13.76K | USD | 1 Quarter |
| Dividends paid to stockholders |
PaymentsOfDividendsCommonStock
|
$1.17M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-4.81M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$4.86M | USD | 1 Quarter |
| Net (decrease) increase in cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$634.80K | USD | 1 Quarter |
| Net (decrease) increase in cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-2.21M | USD | 1 Quarter |
| Cash equivalents and restricted cash - beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.63M | USD | Point-in-time |
| Cash equivalents and restricted cash - beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.26M | USD | Point-in-time |
| Cash equivalents and restricted cash - beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.10M | USD | Point-in-time |
| Cash equivalents and restricted cash - beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$8.31M | USD | Point-in-time |
| Cash equivalents and restricted cash - end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.63M | USD | Point-in-time |
| Cash equivalents and restricted cash - end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.26M | USD | Point-in-time |
| Cash equivalents and restricted cash - end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.10M | USD | Point-in-time |
| Cash equivalents and restricted cash - end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$8.31M | USD | Point-in-time |
| Interest paid Series B preferred stock |
InterestPaidPreferredStockSeriesB
|
$1.07M | USD | 1 Quarter |
| Interest paid Series B preferred stock |
InterestPaidPreferredStockSeriesB
|
$1.41M | USD | 1 Quarter |
| Interest paid-mortgage notes payable |
InterestPaidMortgageNotes
|
$1.91M | USD | 1 Quarter |
| Interest paid-mortgage notes payable |
InterestPaidMortgageNotes
|
$1.86M | USD | 1 Quarter |
| Reinvestment of cash dividends |
StockIssued1
|
$570.68K | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.20M | USD | 1 Quarter |
Stockholders Equity
7 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$52.04M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$51.91M | USD | Point-in-time |
| Net (loss) income |
ProfitLoss
|
$-944.18K | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$-1.15M | USD | 1 Quarter |
| Contributions from noncontrolling interests, net of distributions paid |
ContributedCapitalLessDistributionsOfNoncontrollingInterests
|
$1.02M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$52.04M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$51.91M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.