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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental income   $ 7,950,356   $ 23,740,115
Rental income $ 6,677,145   $ 20,371,900  
Fees and other income 323,725 332,246 929,221 931,736
Total revenue 7,000,870 8,282,602 21,301,121 24,671,851
Costs and expenses:        
Rental operating costs 2,533,064 2,718,295 7,822,616 8,030,427
General and administrative 1,451,873 1,384,974 4,632,244 4,041,453
Depreciation and amortization 1,755,253 2,268,896 5,714,446 6,873,828
Impairment of real estate assets 0 532,951 0 532,951
Total costs and expenses 5,740,190 6,905,116 18,169,306 19,478,659
Other income (expense):        
Interest expense-Series B preferred stock (924,538) (1,145,474) (2,200,262) (3,344,788)
Interest expense-mortgage notes (1,723,844) (2,135,614) (5,485,194) (6,160,456)
Interest expense - note payable (182,476) 0 (182,476) 0
Interest and other income, net 9,294 8,466 19,227 2,624
Gain on sales of real estate, net 4,853,186 366,032 6,243,819 795,521
Deferred offering costs 0 0 0 (1,507,599)
Income tax expense (338,713) (69,683) (611,952) (225,341)
Total other income (expense), net 1,692,909 (2,976,273) (2,216,838) (10,440,039)
Net income (loss) 2,953,589 (1,598,787) 914,977 (5,246,847)
Less: Income attributable to noncontrolling interests (416,725) (284,138) (1,366,104) (852,030)
Net income (loss) attributable to Presidio Property Trust, Inc. common stockholders $ 2,536,864 $ (1,882,925) $ (451,127) $ (6,098,877)
Basic income (loss) per common share (in dollars per share) $ 0.14 $ (0.11) $ (0.03) $ (0.35)
Weighted average number of common shares outstanding - basic (in shares) 17,690,378 17,667,857 17,713,186 17,564,805
Diluted income (loss) per common share (in dollars per share) $ 0.14 $ (0.11) $ (0.02) $ (0.35)
Weighted average number of common shares outstanding - diluted (in shares) 18,536,470 17,667,857 17,998,338 17,564,805