Presidio Property Trust Narrows Loss to $8.59 Per Share; Revenue Falls 11.2%
Presidio Property Trust posted a $10.5 million net loss, or $8.59 per share, for the year ended December 31, 2025, narrowing from a $27.9 million deficit in 2024. Revenue fell 11.2% to $16.8 million while the Company sold two commercial properties and recognized $6.4 million in impairments.
1. Year-End Earnings Breakdown
Presidio Property Trust recorded a net loss of $10.5 million, or $8.59 per share, for the year ended December 31, 2025, improving from a $27.9 million loss in 2024. Total revenue decreased 11.2% to $16.8 million due to reduced commercial rental income.
2. Asset Dispositions and Impairments
During 2025, the company sold two commercial properties for $15.9 million net and 20 model homes for $9.8 million net, recognizing combined gains of $5.5 million. It also recorded $6.4 million in non-cash impairment charges, primarily on commercial assets at Shea Center II and Dakota Center.
3. Operational and Financial Efficiency
Rental operating costs were $6.2 million, or 36.6% of revenue, and G&A expenses fell 24.2% to $5.7 million. Tenant retention remained strong with 88% of expiring space renewing, including 84% of office leases, while net real estate assets declined to $108.6 million.