Presidio Property Trust, Inc. (Nasdaq: SQFT) reported earnings for the second quarter of 2025, highlighting positive leasing retention rates and performance in the residential real estate market.
The company's net loss attributable to common stockholders in Q2 2025 was $5.9 million, showing improvement from the previous year.
General and administrative expenses decreased in Q2 2025 compared to Q2 2024, positively impacting the financial results.
Leasing Retention Rates
Approximately 90% of tenants renewed their leases, indicating stability and satisfaction with current spaces.
Financial Performance
Net loss of $5.9 million in Q2 2025, with revenues of $4.4 million and $114.6 million in net real estate assets.
Expense Management
General and administrative expenses decreased by $1.0 million in Q2 2025, positively impacting overall performance.
- The company saw a decrease in commercial real estate rental income due to property sales in 2025, affecting revenue.
- Non-cash impairment charges and impairment on properties like Dakota Center and Shea Center II impacted financial results in Q2 2025.
Presidio Property Trust, Inc. shows resilience in navigating market challenges with a focus on value and risk reduction, as indicated by the Q2 2025 earnings.