Revenue: As of FY2026 Q1, the actual value is USD 3.773 M.EPS: As of FY2026 Q1, the actual value is USD -0.1.EBIT: As of FY2026 Q1, the actual value is USD 1.076 M.Presidio Property Trust, Inc. reported a net loss attributable to common stockholders of - $129,632, or - $0.10 per basic and diluted share, for the three months ended March 31, 2026, compared to a net income of approximately $1.7 million, or $1.31 per basic and diluted share, for the same period in 2025 . The company’s net income was $558,794 in 2026, a decrease from $2,376,915 in 2025 .<h4>Total Revenues</h4>Total revenues were approximately $3.8 million for the three months ended March 31, 2026, decreasing from approximately $4.1 million for the same period in 2025, primarily due to a decrease in commercial real estate rental income from the sale of Dakota Center . Total revenue was $3,772,800 in 2026, down from $4,125,184 in 2025 . Rental income specifically decreased to $3,684,044 in 2026 from $4,032,429 in 2025, while fees and other income slightly declined to $88,756 in 2026 from $92,755 in 2025 .<h4>Segment Revenue (Three Months Ended March 31, 2026)</h4><ul><li>Retail: $93,574 </li><li>Office/Industrial: $2,753,380 </li><li>Model Homes: $925,424 </li><li>Corporate and Other: $422 </li></ul><h4>Operational Costs and Expenses</h4>Total costs and expenses increased to $4,741,606 in 2026 from $4,545,667 in 2025 . Rental Operating Costs: Totaled approximately $1.5 million for the three months ended March 31, 2026, down from approximately $1.6 million for the same period in 2025 . As a percentage of total revenue, rental operating costs were approximately 35% in 2026, compared to 39% in 2025 . The specific figure for 2026 was $1,544,441, decreased from $1,612,642 in 2025 . General and Administrative (G&amp;A) Expenses: Remained constant at approximately $1.7 million for both periods , specifically $1,673,823 in 2026, slightly up from $1,661,978 in 2025 . As a percentage of total revenue, G&amp;A expenses were 44.4% in 2026, up from 40.3% in 2025 . Depreciation and Amortization: Decreased to $998,969 in 2026 from $1,244,104 in 2025 . Impairment Charges: The company recognized non-cash impairment charges of $524,373 for the three months ended March 31, 2026, significantly higher than $26,943 for the same period in 2025 . Approximately $0.4 million of the 2026 impairment charge was related to the Shea Center II . Interest Expense: Interest expense, including amortization of deferred finance charges, was approximately $2.1 million for the three months ended March 31, 2026, an increase from approximately $1.5 million for the same period in 2025 . The weighted average interest rate on outstanding debt was 6.29% as of March 31, 2026, compared to 5.83% as of March 31, 2025 . Approximately $0.7 million of the 2026 interest expense was a one-time charge for default interest on the Dakota Center loan, and $0.1 million was related to the Shea Center II loan .<h4>Net Operating Income (NOI)</h4><ul><li>Total Net Operating Income (NOI): $2,228,359 </li><li>Retail NOI: $88,742 </li><li>Office/Industrial NOI: $1,122,543 </li><li>Model Homes NOI: $876,547 </li><li>Corporate and Other NOI: $140,527 </li></ul><h4>Adjusted NOI</h4><ul><li>Total Adjusted NOI: $2,324,816 </li><li>Retail Adjusted NOI: $88,742 </li><li>Office/Industrial Adjusted NOI: $1,122,543 </li><li>Model Homes Adjusted NOI: $973,004 (includes $172,096 gain on sale and - $75,639 impairment) </li><li>Corporate and Other Adjusted NOI: $140,527 </li></ul><h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: - $957,203 in 2026, an increase in cash used from - $118,905 in 2025 .</li><li>Net Cash Provided by Investing Activities: $6,886,216 in 2026, down from $13,553,064 in 2025 .</li><li>Net Cash Used in Financing Activities: - $8,179,469 in 2026, a decrease in cash used from - $9,513,802 in 2025 .</li><li>Cash, Cash Equivalents and Restricted Cash (End of Period): $5,171,903 in 2026, decreased from $11,956,853 in 2025 .</li></ul><h4>Unique Metrics</h4><ul><li>Net Real Estate Assets: As of March 31, 2026, net real estate assets were approximately $100.5 million, including 75 model homes, compared to approximately $117.4 million, including 84 model homes, at March 31, 2025 . The average number of model homes held during Q1 2026 and 2025 was approximately 78 and 81, respectively . Real estate assets, net, were $100,494,606 as of March 31, 2026, down from $108,649,704 as of December 31, 2025 .</li><li>Funds from Operations (FFO): FFO (non-GAAP) totaled - $2,080,231 for the three months ended March 31, 2026, compared to - $1,209,945 for the same period in 2025 .</li><li>Core Funds from Operations (Core FFO): Core FFO (non-GAAP) was - $1,888,598 for the three months ended March 31, 2026, a decrease from - $980,443 for the same period in 2025 .</li><li>Core FFO / Weighted Average Share: - $1.44 in 2026, compared to - $0.76 in 2025 .</li><li>EBITDAre: - $129,985 in 2026, compared to $163,553 in 2025 .</li></ul><h4>Acquisitions and Dispositions</h4>The company acquired no model homes or commercial properties during the three months ended March 31, 2026 . On January 14, 2026, Presidio Property Trust, Inc. sold one commercial property, Dakota Center, for approximately $4.7 million net of selling costs, recognizing a net gain of approximately $3.4 million on the disposition of assets and liabilities . Additionally, 5 model homes were sold for approximately $2.3 million net of sales costs, recognizing a gain of approximately $0.2 million .<h4>Balance Sheet Highlights (as of March 31, 2026 vs. December 31, 2025)</h4><ul><li>Total Assets: $111,246,775 as of March 31, 2026, compared to $122,052,874 as of December 31, 2025 .</li><li>Total Liabilities: $86,092,552 as of March 31, 2026, compared to $97,395,227 as of December 31, 2025 .</li><li>Total Equity: $25,154,223 as of March 31, 2026, compared to $24,657,647 as of December 31, 2025 .</li><li>Mortgage Notes Payable, Total Net: $81,633,567 as of March 31, 2026, compared to $92,074,367 as of December 31, 2025 .</li><li>Existing Secured Debt: $82.4 million as of March 31, 2026 .</li></ul><h4>Outlook / Guidance</h4>Management expects future interest expenses to continue to decrease for the year ended 2026 . The company is actively looking to reduce G&amp;A expenses, with a reduction in employee headcount in Q1 2026 and further reductions expected . Starting April 2026, the CEO’s annual salary will be reduced by 5%, and the Board of Directors will be reduced by one member starting June 2026 for additional G&amp;A savings .

Presidio Property Trust | 8-K: FY2026 Q1 Revenue: USD 3.773 M