Overview

* Presidio Property Trust ( SQFT ) Q3 revenue declines to $4.2 mln, impacted by property sales

* Net loss for Q3 improves to $1.9 mln from $6.6 mln last year

* Company optimistic about future demand as mortgage rates ease

Outlook

* Presidio expects increased demand as mortgage rates potentially ease

* Company is evaluating acquisition opportunities that meet its criteria

Result Drivers

* REVENUE DECLINE - Revenue impacted by decreased commercial real estate rental income following sale of two properties in Feb 2025

* COST MANAGEMENT - Reduced G&A expenses due to lower bonus and stock compensation costs

* RESALE ACTIVITY - Slight uptick in resale activity as mortgage rates inched lower, exceeding expectations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$1.53

Q3 Net -$1.9

Income mln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)