# Presidio Property Trust, Inc.: Form 10-Q for the period ended Sep 30, 2019

- Company: [Presidio Property Trust, Inc.](/companies/sqft.md) (CIK 1080657)
- Form: 10-Q
- Filed: 2019-11-12
- Accepted by EDGAR: Nov 8, 2019, 22:43 ET
- Period: 2019-09-30
- Accession: 0001080657-19-000009
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1080657/000108065719000009/sqft-20190930.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1080657/000108065719000009/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2019-09-30.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 3 months, 2019-07-01 to 2019-09-30 | $7.0m | us-gaap:Revenues |
| Revenue | 9 months, 2019-01-01 to 2019-09-30 | $21.3m | us-gaap:Revenues |
| Operating income | 3 months, 2019-07-01 to 2019-09-30 | $4.5m | us-gaap:OperatingIncomeLoss |
| Operating income | 9 months, 2019-01-01 to 2019-09-30 | $13.5m | us-gaap:OperatingIncomeLoss |
| Interest expense | 3 months, 2019-07-01 to 2019-09-30 | $2.8m | us-gaap:InterestExpense |
| Interest expense | 9 months, 2019-01-01 to 2019-09-30 | $7.9m | us-gaap:InterestExpense |
| Income tax | 3 months, 2019-07-01 to 2019-09-30 | $338.7k | us-gaap:IncomeTaxExpenseBenefit |
| Income tax | 9 months, 2019-01-01 to 2019-09-30 | $612.0k | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 3 months, 2019-07-01 to 2019-09-30 | $2.5m | us-gaap:NetIncomeLoss |
| Net income | 9 months, 2019-01-01 to 2019-09-30 | −$451.1k | us-gaap:NetIncomeLoss |
| Diluted EPS | 3 months, 2019-07-01 to 2019-09-30 | $0.14 | us-gaap:EarningsPerShareDiluted |
| Diluted EPS | 9 months, 2019-01-01 to 2019-09-30 | −$0.02 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months, 2019-07-01 to 2019-09-30 | $0.14 | us-gaap:EarningsPerShareBasic |
| Basic EPS | 9 months, 2019-01-01 to 2019-09-30 | −$0.03 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months, 2019-07-01 to 2019-09-30 | 18,536,470 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Diluted shares (weighted) | 9 months, 2019-01-01 to 2019-09-30 | 17,998,338 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 9 months, 2019-01-01 to 2019-09-30 | $2.4m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Dividends paid | 9 months, 2019-01-01 to 2019-09-30 | $2.2m | us-gaap:PaymentsOfDividendsCommonStock |
| Share repurchases | 9 months, 2019-01-01 to 2019-09-30 | $215.2k | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Total assets | at 2019-09-30 | $215.9m | us-gaap:Assets |
| Total liabilities | at 2019-09-30 | $160.5m | us-gaap:Liabilities |
| Shareholders' equity | at 2019-09-30 | $38.9m | us-gaap:StockholdersEquity |

## Management's discussion and analysis

As filed, 272 characters.

None.

1\. The Company does not have a formal policy with respect to a stock repurchase program and typically restricts repurchases to hardship cases only.

2\. See note 12 to the condensed consolidated financial statements for a description of related party transactions.

## Controls and procedures

As filed, 1,909 characters.

The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Company's Exchange Act report is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to the Company's management, including its Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer, as appropriate, to allow timely decisions regarding required disclosure based closely on the definition of "disclosure controls and procedures" in Rule 13a-14(c). In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer, Chief Financial Officer and our Principal Accounting Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon that evaluation, our Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.

### Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the fiscal quarter ended September 30, 2019 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Filed Nov 12, 2019.
Source: SEC EDGAR, the filing index for accession 0001080657-19-000009. Last ingested by Listed: Oct 24, 2026, 15:02 ET. No prices; not investment advice.