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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Rental income $ 4,474,833 $ 4,262,790 $ 13,156,881 $ 12,534,431
Fees and other income 248,541 221,384 943,095 615,107
Total revenue 4,723,374 4,484,174 14,099,976 13,149,538
Costs and expenses:        
Rental operating costs 1,598,015 1,478,479 4,654,087 4,452,628
General and administrative 1,629,919 1,635,610 5,917,286 5,413,413
Depreciation and amortization 1,455,882 1,351,705 4,158,270 4,054,109
Impairment of real estate assets 697,146 0 893,939 0
Total costs and expenses 5,380,962 4,465,794 15,623,582 13,920,150
Other income (expense):        
Interest and other income, net 5,263 254,486 15,116 1,394,687
Gain on sales of real estate, net 361,151 757,285 3,191,149 2,294,574
Net loss in Conduit Pharmaceuticals marketable securities (see footnote 9) (3,932,770) (17,682,154) (17,821,437) (17,682,154)
Gain on deconsolidation of SPAC (see footnote 9) 0 40,321,483 0 40,321,483
Income tax (benefit) expense (6,911) (134,620) (167,496) (632,147)
Total other (expense) income, net (5,046,795) 22,141,281 (19,297,247) 22,117,062
Net income (loss) (5,704,383) 22,159,661 (20,820,853) 21,346,450
Less: Income attributable to noncontrolling interests (355,153) (673,279) (2,328,386) (2,155,212)
Net income (loss) attributable to Presidio Property Trust, Inc. stockholders (6,059,536) 21,486,382 (23,149,239) 19,191,238
Less: Preferred Stock Series D dividends (585,930) (527,873) (1,651,293) (1,595,606)
Net income (loss) attributable to Presidio Property Trust, Inc. common stockholders $ (6,645,466) $ 20,958,509 $ (24,800,532) $ 17,595,632
Net income (loss) per share attributable to Presidio Property Trust, Inc. common stockholders:        
Basic & Diluted (in dollars per share) $ (0.53) $ 1.77 $ (2) $ 1.49
Weighted average number of common shares outstanding - basic & diluted (in shares) 12,476,567 11,851,343 12,399,798 11,841,847
Mortgage Notes [Member]        
Other income (expense):        
Interest expense $ (1,473,528) $ (1,375,199) $ (4,514,579) $ (3,579,381)