SQFTWNasdaqReal Estate Investment TrustsUS GAAP · USD

Presidio Property Trust, Inc.

Presidio Property Trust, Inc. is a U.S.-based internally managed real estate investment trust that owns and manages a diversified portfolio of office, industrial, retail, and model home residential properties. Its assets are concentrated in the United States and are leased to commercial tenants, homebuilders, and other occupiers under a mix of traditional and triple-net lease structures.

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Revenue16.8m USD
−11.2 %y/y
Operating profit (EBIT)10.7m USD
−15.9 %y/y
EBIT margin63.4%
−3.6 ppy/y
Net income-8.3m USD
+67.7 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

0510152025m USD2020: 24 m USD20202021: 19 m USD20212022: 18 m USD20222023: 18 m USD2023: EBIT 12 m USD20232024: 19 m USD2024: EBIT 13 m USD20242025: 17 m USD2025: EBIT 11 m USD20251711
RevenueOperating profit (EBIT)

Business

Share of revenue
Office properties40 %

Office buildings leased to a mix of commercial tenants under multi-year leases.

Model home properties30 %

Residential model homes leased back to homebuilders on triple-net terms.

Industrial properties15 %

Industrial real estate assets leased to operating tenants.

Retail properties5 %

Single-tenant or small-format retail real estate leased to commercial occupants.

Property sales and other real estate income10 %

Gains from dispositions and other real estate-related income items.

Customers

The company’s tenants include commercial businesses, industrial users, retail occupants, and homebuilders that lease model homes back from the trust. Its office and retail tenants range from small businesses to larger public companies, while model home tenants are typically established homebuilders with credit histories. The business depends on tenant occupancy, lease renewals, and the credit quality of lessees across these property types.

Office and commercial tenants

Businesses leasing office buildings for administrative or operating space under multi-year contracts.

Homebuilders

Builders leasing model homes back from the company to support sales communities and showcase homes.

Industrial tenants

Operating companies leasing industrial property for storage, logistics, or light industrial use.

Retail tenants

Smaller commercial tenants leasing retail space for customer-facing operations.

Strategy

The company focuses on acquiring stabilized or near-stabilized real estate assets and improving portfolio quality through leasing, renewals, and selective dispositions. It also seeks to recycle capital from underperforming assets into new acquisitions and model home investments that can support long-term income generation.

Portfolio optimization through acquisitions and dispositionsMedium term

Capital is allocated toward properties with better income and appreciation potential.

Lease-up and renewal executionShort term

Occupancy and rental rate improvement drive property-level cash flow.

Model home platform expansionMedium term

Model homes provide triple-net income and a specialized relationship with homebuilders.

Geography

Presidio Property Trust’s real estate portfolio is concentrated in the United States, with commercial properties in Colorado, North Dakota, California, Texas, and Maryland. Its model home properties are spread across four states, with Texas representing the largest share of that portfolio, which creates both operating efficiency and exposure to local market conditions.

Risks

The business is exposed to tenant credit risk, local market concentration, and refinancing or capital availability risk because it relies on leased real estate and periodic asset transactions. Property-level performance can also be affected by vacancy, lease rollover, valuation changes, and impairment charges, which are common risks in diversified REIT portfolios.

Sorted by severity
Refinancing and capital availabilityHigh

Acquisitions, debt repayment, and distributions depend on access to external capital.

Exposure: Mortgage debt and new acquisitions

Tenant credit deteriorationHigh

Rent depends on lessees meeting obligations across office, retail, and model home assets.

ExposureOfficeRetailModel home tenants
Geographic concentrationMedium

Several properties are clustered in a small number of U.S. states, increasing local market sensitivity.

ExposureColoradoNorth DakotaTexasCaliforniaMaryland
Property valuation and impairment riskMedium

Real estate carrying values can be reduced when estimated selling prices or market conditions weaken.

Exposure: Model homes and commercial properties

Lease rollover and vacancy riskMedium

Shorter office lease terms and tenant turnover can pressure occupancy and rental income.

Exposure: Office portfolio

Accounting

Judgemental items
Property impairment estimates

Management reviews carrying values and records non-cash charges when estimated selling prices fall below book value.

Impact: Can materially reduce reported earnings in periods of weak asset values

Gain on sale of real estate

Disposition gains depend on transaction timing, asset mix, and closing costs.

Impact: Can create large one-time earnings swings

Depreciation and amortization

Owned real estate is depreciated over time, affecting operating income but not cash flow directly.

Impact: Affects comparability across periods and property types

Non-controlling interests

Some model home assets are held through affiliated partnerships, requiring income allocation.

Impact: Changes the portion of earnings attributable to common shareholders

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Last updated: 24/09/2026