Revenue: As of FY2026 Q1, the actual value is USD 3.773 M.EPS: As of FY2026 Q1, the actual value is USD -0.1.EBIT: As of FY2026 Q1, the actual value is USD 1.076 M.Presidio Property Trust, Inc. operates in three segments: Office/Industrial Properties, Model Home Properties, and Retail Properties, alongside a Corporate and Other non-segment category.<h4>Segment Revenue</h4>Total revenue for the three months ended March 31, 2026, was approximately $3.8 million, a decrease from approximately $4.1 million for the same period in 2025, primarily due to reduced commercial real estate rental income following the sale of Dakota Center. Retail Properties Revenue: $93,574 in Q1 2026, down from $263,278 in Q1 2025. Office/Industrial Properties Revenue: $2,753,380 in Q1 2026, down from $2,916,392 in Q1 2025. Model Home Properties Revenue: $925,424 in Q1 2026, up from $913,767 in Q1 2025.<h4>Operational Metrics</h4><ul><li>Net Income (Loss): Net income was $558,794 for Q1 2026, a decrease from $2,376,915 in Q1 2025.<ul><li>Net income attributable to Presidio Property Trust, Inc. stockholders was $440,909 in Q1 2026, compared to $2,265,352 in Q1 2025.</li></ul></li><li>Rental Operating Costs: Approximately $1.5 million (35% of total revenue) in Q1 2026, down from approximately $1.6 million (39% of total revenue) in Q1 2025.</li><li>General and Administrative (G&amp;A) Expenses: Approximately $1.7 million (44.4% of total revenue) in Q1 2026, similar to approximately $1.7 million (40.3% of total revenue) in Q1 2025.</li><li>Depreciation and Amortization: Approximately $1.0 million in Q1 2026, a decrease from approximately $1.2 million in Q1 2025, due to the sale of Dakota Center and Shea Center II entering receivership.</li><li>Impairment of Goodwill and Real Estate Assets: Approximately $524,373 in Q1 2026, significantly higher than approximately $26,943 in Q1 2025, with about $0.4 million of the Q1 2026 impairment related to Shea Center II.</li><li>Interest Expense - Mortgage Notes: Approximately $2.1 million in Q1 2026, an increase from approximately $1.5 million in Q1 2025. The weighted average interest rate on outstanding debt increased to 6.29% as of March 31, 2026, from 5.83% as of March 31, 2025. This includes approximately $0.7 million in one-time default interest on the Dakota Center loan and $0.1 million related to the Shea Center II loan in Q1 2026.</li><li>Net Operating Income (NOI):<ul><li>Retail Properties NOI: $88,742 in Q1 2026, down from $162,710 in Q1 2025.</li><li>Office/Industrial Properties NOI: $1,122,543 in Q1 2026, down from $1,298,027 in Q1 2025.</li><li>Model Home Properties NOI: $876,547 in Q1 2026, up from $865,610 in Q1 2025.</li></ul></li></ul><h4>Cash Flow</h4><ul><li>Operating Activities: Net cash used was approximately - $1.0 million in Q1 2026, compared to - $0.1 million in Q1 2025, primarily due to the sale of Dakota Center and fluctuations in net income.</li><li>Investing Activities: Net cash provided was approximately $6.9 million in Q1 2026, down from approximately $13.6 million provided in Q1 2025, with Q1 2026 including proceeds of approximately $4.7 million from commercial property sales and approximately $7.4 million from model home sales.</li><li>Financing Activities: Net cash used was approximately - $8.2 million in Q1 2026, compared to - $9.5 million in Q1 2025, including approximately $7.7 million in mortgage note repayments and approximately $0.3 million in distributions to noncontrolling interests in Q1 2026.</li></ul><h4>Unique Metrics</h4><ul><li>Real Estate Assets and Lease Intangibles, Net: Total assets were $100,494,606 as of March 31, 2026, down from $108,649,704 as of December 31, 2025.<ul><li>Office/Industrial Properties: $61,748,416 as of March 31, 2026, from $67,445,290 as of December 31, 2025.</li><li>Model Home Properties: $34,253,639 as of March 31, 2026, from $36,688,462 as of December 31, 2025.</li><li>Retail Properties: $4,485,923 as of March 31, 2026, from $4,508,851 as of December 31, 2025.</li></ul></li><li>Mortgage Notes Payable, Net: Total notes payable were $81,633,567 as of March 31, 2026, down from $92,074,367 as of December 31, 2025.<ul><li>Commercial Properties: $58,477,344 as of March 31, 2026, from $67,317,189 as of December 31, 2025.</li><li>Model Home Properties: $23,929,551 as of March 31, 2026, from $25,604,494 as of December 31, 2025.</li></ul></li><li>Capital Expenditures by Reportable Segment:<ul><li>Office/Industrial Properties: Capital expenditures and tenant improvements were $66,807 in Q1 2026, compared to $360,708 in Q1 2025.</li><li>Model Home Properties: Acquisition of operating properties was $0 in Q1 2026, compared to $4,270,192 in Q1 2025.</li></ul></li><li>Concentration Risk: One homebuilder accounted for approximately 17.17% of total revenue for the three months ended March 31, 2026, and 52 out of 75 model home leases as of March 31, 2026.</li></ul><h4>Future Outlook and Strategy</h4>Presidio Property Trust, Inc. anticipates future liquidity from existing cash, operations, refinancing, property sales, new borrowings, and equity/debt sales, expecting interest expenses to decrease for the year ended 2026. The company is actively reducing G&amp;A expenses through headcount reductions, a CEO salary cut, and a director reduction, while suspending Series D Preferred Stock dividends and reassessing their reinstatement. The Strategic Planning and Cyber Committee guides efforts to improve underperforming assets, sell properties lacking value appreciation or cash flow potential, and reinvest equity into new acquisitions or other accretive allocations, with projected capital expenditures of up to $0.6 million for property improvements over the next 12 months.

Presidio Property Trust | 10-Q: FY2026 Q1 Revenue: USD 3.773 M