XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations (Unaudted) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Rental income $ 4,262,790 $ 4,243,887 $ 12,534,431 $ 12,884,280
Fees and other income 221,384 148,088 615,107 401,697
Total revenue 4,484,174 4,391,975 13,149,538 13,285,977
Costs and expenses:        
Rental operating costs 1,478,479 1,434,225 4,452,628 4,365,781
General and administrative 1,635,610 1,509,139 5,413,413 4,306,835
Depreciation and amortization 1,351,705 1,318,164 4,054,109 3,973,582
Total costs and expenses 4,465,794 4,261,528 13,920,150 12,646,198
Other income (expense):        
Interest and other income, net 254,486 590,586 1,394,687 757,318
Gain on sales of real estate, net 757,285 1,307,258 2,294,574 4,057,527
Loss on Conduit marketable securities (17,682,154) 0 (17,682,154) 0
Gain on deconsolidation of SPAC 40,321,483 0 40,321,483 0
Income tax expense (134,620) (294,996) (632,147) (819,520)
Total other income, net 22,141,281 220,728 22,117,062 509,632
Net income 22,159,661 351,175 21,346,450 1,149,411
Less: Income attributable to noncontrolling interests (673,279) (1,114,928) (2,155,212) (3,032,806)
Net income (loss) attributable to Presidio Property Trust, Inc. stockholders 21,486,382 (763,753) 19,191,238 (1,883,395)
Less: Preferred Stock Series D dividends (527,873) (538,286) (1,595,606) (1,616,397)
Less: Series A Warrant dividend 0 0 0 (2,456,512)
Net income (loss) attributable to Presidio Property Trust, Inc. common stockholders $ 20,958,509 $ (1,302,039) $ 17,595,632 $ (5,956,304)
Net loss per share attributable to Presidio Property Trust, Inc. common stockholders:        
Basic & Diluted (in dollars per share) $ 1.77 $ (0.11) $ 1.49 $ (0.51)
Weighted average number of common shares outstanding - basic & dilutive (in shares) 11,851,343 11,780,090 11,841,847 11,784,500
Mortgage Notes [Member]        
Other income (expense):        
Interest expense $ (1,375,199) $ (1,382,120) $ (3,579,381) $ (3,485,693)