10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-19-018792 |
| Period End Date | 20190331 |
| Filing Date | 20190513 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | sqft-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Land |
Land
|
$29.07M | USD | Point-in-time |
| Land |
Land
|
$29.85M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$152.64M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$148.34M | USD | Point-in-time |
| Tenant improvements |
TenantImprovements
|
$15.46M | USD | Point-in-time |
| Tenant improvements |
TenantImprovements
|
$16.61M | USD | Point-in-time |
| Lease intangibles |
FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale
|
$6.55M | USD | Point-in-time |
| Lease intangibles |
FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale
|
$6.55M | USD | Point-in-time |
| Real estate assets and lease intangibles held for investment, cost |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost
|
$200.57M | USD | Point-in-time |
| Real estate assets and lease intangibles held for investment, cost |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost
|
$204.50M | USD | Point-in-time |
| Accumulated depreciation and amortization |
RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization
|
$33.09M | USD | Point-in-time |
| Accumulated depreciation and amortization |
RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization
|
$31.73M | USD | Point-in-time |
| Real estate assets and lease intangibles held for investment, net |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet
|
$167.49M | USD | Point-in-time |
| Real estate assets and lease intangibles held for investment, net |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet
|
$172.77M | USD | Point-in-time |
| Real estate assets held for sale, net |
RealEstateHeldforsale
|
$38.34M | USD | Point-in-time |
| Real estate assets held for sale, net |
RealEstateHeldforsale
|
$34.72M | USD | Point-in-time |
| Real estate assets, net |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAndRealEstateHeldForSaleNet
|
$202.21M | USD | Point-in-time |
| Real estate assets, net |
RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAndRealEstateHeldForSaleNet
|
$211.11M | USD | Point-in-time |
| Cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.84M | USD | Point-in-time |
| Cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$8.31M | USD | Point-in-time |
| Cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.78M | USD | Point-in-time |
| Cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.10M | USD | Point-in-time |
| Deferred leasing costs, net |
DeferredCostsLeasingNet
|
$2.10M | USD | Point-in-time |
| Deferred leasing costs, net |
DeferredCostsLeasingNet
|
$2.04M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.42M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.42M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$7.65M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$5.56M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$225.07M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$233.05M | USD | Point-in-time |
| Mortgage notes payable, net |
MortgageNotesPayableNet
|
$119.47M | USD | Point-in-time |
| Mortgage notes payable, net |
MortgageNotesPayableNet
|
$123.04M | USD | Point-in-time |
| Mortgage notes payable related to properties held for sale, net |
MortgageNotesPayableRelatedToPropertiesHeldForSaleNet
|
$26.38M | USD | Point-in-time |
| Mortgage notes payable related to properties held for sale, net |
MortgageNotesPayableRelatedToPropertiesHeldForSaleNet
|
$26.67M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$149.71M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$145.86M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$5.75M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$5.06M | USD | Point-in-time |
| Accrued real estate taxes |
AccruedRealEstateTaxes
|
$2.15M | USD | Point-in-time |
| Accrued real estate taxes |
AccruedRealEstateTaxes
|
$3.09M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.08M | USD | Point-in-time |
| Lease liability |
OperatingLeaseLiability
|
$514.01K | USD | Point-in-time |
| Below-market leases, net |
BelowMarketLeaseNet
|
$448.33K | USD | Point-in-time |
| Below-market leases, net |
BelowMarketLeaseNet
|
$495.93K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$176.91M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$169.97M | USD | Point-in-time |
| Commitments and contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$151.58M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$151.76M | USD | Point-in-time |
| Dividends and accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-113.07M | USD | Point-in-time |
| Dividends and accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-111.34M | USD | Point-in-time |
| Total stockholders' equity before noncontrolling interest |
StockholdersEquity
|
$40.42M | USD | Point-in-time |
| Total stockholders' equity before noncontrolling interest |
StockholdersEquity
|
$38.87M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$16.23M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$15.73M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$55.10M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$51.91M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$52.04M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$56.14M | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$233.05M | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$225.07M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$6.90M | USD | 1 Quarter |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$7.95M | USD | 1 Quarter |
| Fees and other income |
FeeAndOtherIncome
|
$278.73K | USD | 1 Quarter |
| Fees and other income |
FeeAndOtherIncome
|
$284.08K | USD | 1 Quarter |
| Total revenue |
Revenues
|
$7.18M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$8.22M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$2.76M | 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
|
$1.76M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$2.21M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$2.34M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$6.32M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$6.73M | USD | 1 Quarter |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
$648.45K | USD | 1 Quarter |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
$1.09M | USD | 1 Quarter |
| Interest expense-mortgage notes |
InterestExpenseDebt
|
$1.98M | USD | 1 Quarter |
| Interest expense-mortgage notes |
InterestExpenseDebt
|
$1.90M | USD | 1 Quarter |
| Interest and other income (expense), net |
NonoperatingInterestAndOtherIncomeExpense
|
$-18.29K | USD | 1 Quarter |
| Interest and other income (expense), net |
NonoperatingInterestAndOtherIncomeExpense
|
$5.52K | USD | 1 Quarter |
| Gain on sales of real estate, net |
GainLossOnSaleOfBusiness
|
$1.21M | USD | 1 Quarter |
| Gain on sales of real estate, net |
GainLossOnSaleOfBusiness
|
$74.21K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$32.42K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$81.43K | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-1.41M | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-3.05M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-961.94K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.15M | USD | 1 Quarter |
| Less: Income attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$766.46K | 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
|
$-1.73M | USD | 1 Quarter |
| Net loss attributable to Presidio Property Trust, Inc. common stockholders |
NetIncomeLoss
|
$-1.32M | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.07 | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.10 | 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
|
17.73M | shares | 1 Quarter |
Cash Flow Statement
59 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
ProfitLoss
|
$-961.94K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.15M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$2.34M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$2.21M | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$171.84K | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$433.29K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$18.14K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$1.92K | USD | 1 Quarter |
| Gain on sale of real estate assets, net |
GainsLossesOnSalesOfInvestmentRealEstate
|
$74.21K | USD | 1 Quarter |
| Gain on sale of real estate assets, net |
GainsLossesOnSalesOfInvestmentRealEstate
|
$1.21M | USD | 1 Quarter |
| Amortization of financing costs |
AmortizationOfFinancingCosts
|
$136.17K | USD | 1 Quarter |
| Amortization of financing costs |
AmortizationOfFinancingCosts
|
$227.37K | USD | 1 Quarter |
| Amortization of above-market leases |
AmortizationOfAboveMarketLeases
|
$17.45K | USD | 1 Quarter |
| Amortization of above-market leases |
AmortizationOfAboveMarketLeases
|
$21.48K | USD | 1 Quarter |
| Amortization of below-market leases |
AmortizationOfBelowMarketLease
|
$63.59K | USD | 1 Quarter |
| Amortization of below-market leases |
AmortizationOfBelowMarketLease
|
$47.60K | USD | 1 Quarter |
| Straight-line rent adjustment |
StraightLineRentAdjustments
|
$-112.56K | USD | 1 Quarter |
| Straight-line rent adjustment |
StraightLineRentAdjustments
|
$-14.86K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-2.05M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-348.62K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-100.17K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-459.90K | USD | 1 Quarter |
| Accrued real estate taxes |
ChangeAccruedRealEstateTaxes
|
$-941.13K | USD | 1 Quarter |
| Accrued real estate taxes |
ChangeAccruedRealEstateTaxes
|
$-781.79K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.32M | 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
|
$2.70M | USD | 1 Quarter |
| Additions to buildings and tenant improvements |
PaymentsForTenantImprovements
|
$1.20M | USD | 1 Quarter |
| Additions to deferred leasing costs |
PaymentsForLeasingCosts
|
$151.90K | USD | 1 Quarter |
| Additions to deferred leasing costs |
PaymentsForLeasingCosts
|
$167.41K | USD | 1 Quarter |
| Proceeds from sales of real estate, net |
ProceedsFromSaleOfProductiveAssets
|
$853.61K | USD | 1 Quarter |
| Proceeds from sales of real estate, net |
ProceedsFromSaleOfProductiveAssets
|
$10.84M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-7.80M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$7.99M | USD | 1 Quarter |
| Proceeds from mortgage notes payable, net of issuance costs |
ProceedsFromNotesPayable
|
$3.67M | 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
|
$7.68M | USD | 1 Quarter |
| Redemption of mandatorily redeemable preferred stock |
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
$900.00K | USD | 1 Quarter |
| Contributions from noncontrolling interests net of distributions paid |
ProceedsFromPaymentsToMinorityShareholders
|
$-258.71K | USD | 1 Quarter |
| Contributions from noncontrolling interests net of distributions paid |
ProceedsFromPaymentsToMinorityShareholders
|
$1.02M | USD | 1 Quarter |
| Dividends paid to stockholders |
PaymentsOfDividendsCommonStock
|
$1.08M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-6.24M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$4.86M | USD | 1 Quarter |
| Net increase (decrease) in cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$3.06M | USD | 1 Quarter |
| Net increase (decrease) in cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-2.21M | USD | 1 Quarter |
| Cash equivalents and restricted cash - beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.84M | USD | Point-in-time |
| Cash equivalents and restricted cash - beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$8.31M | USD | Point-in-time |
| Cash equivalents and restricted cash - beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.78M | USD | Point-in-time |
| Cash equivalents and restricted cash - beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.10M | USD | Point-in-time |
| Cash equivalents and restricted cash - end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.84M | USD | Point-in-time |
| Cash equivalents and restricted cash - end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$8.31M | USD | Point-in-time |
| Cash equivalents and restricted cash - end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.78M | USD | Point-in-time |
| Cash equivalents and restricted cash - end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.10M | USD | Point-in-time |
| Interest paid Series B preferred stock |
InterestPaidPreferredStockSeriesB
|
$580.65K | USD | 1 Quarter |
| Interest paid Series B preferred stock |
InterestPaidPreferredStockSeriesB
|
$1.07M | USD | 1 Quarter |
| Interest paid-mortgage notes payable |
InterestPaidMortgageNotes
|
$1.86M | USD | 1 Quarter |
| Interest paid-mortgage notes payable |
InterestPaidMortgageNotes
|
$1.73M | USD | 1 Quarter |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$55.10M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$51.91M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$52.04M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$56.14M | USD | Point-in-time |
| Net loss |
ProfitLoss
|
$-961.94K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.15M | USD | 1 Quarter |
| Dividends paid |
Dividends
|
$150.00 | USD | 1 Quarter |
| Dividends paid |
Dividends
|
- | USD | 1 Quarter |
| Contributions received from noncontrolling interests, net of distributions paid |
ContributedCapitalLessDistributionsOfNoncontrollingInterests
|
$1.02M | USD | 1 Quarter |
| Contributions received from noncontrolling interests, net of distributions paid |
ContributedCapitalLessDistributionsOfNoncontrollingInterests
|
$-258.71K | USD | 1 Quarter |
| Repurchase of common stock, value |
StockRepurchasedAndRetiredDuringPeriodValue
|
$52.15K | USD | 1 Quarter |
| Vesting of restricted stock, value |
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
$230.88K | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$55.10M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$51.91M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$52.04M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$56.14M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.