The company's financial position remains strained with a debt-to-equity ratio of 2.55 as of 2026Q1, reflecting a significant reduction in total assets over the last nine quarters.
Presidio Property Trust, Inc. (SQFT) balance sheet — 18-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|
| Total Assets | 106.66M | 122.05M | 142.57M | 175.96M | 291.35M | 161.2M | 185.57M | 220.78M | 233.05M | 254.5M | 258M | 257.93M | 220.62M | 182.02M | 185.13M | 153.73M | 126.84B | 95.63B | 72.43B |
| Asset Growth % | -61.54% | -14.39% | -18.98% | -39.6% | 80.74% | -13.13% | -15.95% | -5.26% | -8.43% | -1.36% | 0.03% | 16.91% | 21.21% | -1.68% | 20.43% | -99.88% | 32.64% | 32.03% | - |
| Real Estate & Other Assets | -76.44M | 100.47M | 103.71M | 136.6M | 140.4M | 12.91M | 44.54M | 155.65M | 200.36M | 19.31M | 5.29M | 5.36M | 4.23M | 8.25M | 4.76M | 0 | 0 | 0 | 0 |
| PP&E (Net) | 95.01M | 39.47K | 64.03K | 15.65K | 128.49M | 126.45M | 123.22M | 561.38K | 900K | 222.19M | 240.52M | 231.09M | 169.09M | 158.66M | 165.12M | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 3.9K | 206.18K | 1000K | 797.75K | 1000K | 83.24K | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 | 920.22K | 0 | 0 | 0 | 0 |
| Total Current Assets | 5.91M | 16.53M | 33.13M | 14.96M | 19.16M | 17.55M | 14.53M | 56.62M | 20.94M | 10.2M | 9.31M | 18.53M | 44.27M | 11.56M | 12.91M | 4.87M | 7.95B | 10.38B | 8.13B |
| Cash & Equivalents | 5.9M | 7.42M | 8.04M | 6.51M | 12.12M | 10M | 7.34M | 10.39M | 9.78M | 8.31M | 3.12M | 6.63M | 5.64M | 10.21M | 11.86M | 4.87M | 7.03B | 9.3B | 4.78B |
| Receivables | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 0 | 1000K | 1000K | 1000K |
| Other Current Assets | 11.63K | 0 | -10.94M | -9.5M | 5.34M | 5.49M | 4.73M | -601.9K | 1.22M | 0 | 2.37M | 9.12M | 7.66M | 1.36M | -12.91M | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.4M | 3.47M | 3.78M | 4.11M | 77.31K | 339.65K | 783.7K | 5.53M | 9.32M | 374.73K | 455.63K | 536.53K | 617.43K | 1.12M | 1.41M | 147.75M | 1.29B | 719.86M | 699.75M |
| Total Liabilities | 85.23M | 97.4M | 107.62M | 114.64M | 238.51M | 95.71M | 135.45M | 164.16M | 176.91M | 202.45M | 202.25M | 192.77M | 149.09M | 96.15M | 97.75M | 0 | 0 | 0 | 0 |
| Total Debt | 80.14M | 92.11M | 102.16M | 107.73M | 96.95M | 88.94M | 127.63M | 155.19M | 149.71M | 160.32M | 158.89M | 144.69M | 123.9M | 89.55M | 92.48M | 0 | 0 | 0 | 0 |
| Net Debt | 74.24M | 84.69M | 94.12M | 101.22M | 84.83M | 78.93M | 120.29M | 144.8M | 139.94M | 152.01M | 155.77M | 138.06M | 118.26M | 79.34M | 80.62M | -4.87M | -7.03B | -9.3B | -4.78B |
| Long-Term Debt | 80.14M | 92.07M | 102.09M | 107.71M | 96.9M | 88.86M | 127.53M | 154.63M | 166.49M | 190.91M | 190.99M | 176.03M | 140.5M | 89.55M | 89.61M | 0 | 0 | 0 | 0 |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.87M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 147.55K | 40.11K | 64.34K | 16.09K | 46.83K | 75.55K | 102.32K | 870.12K | 495.93K | 1.39M | 1.7M | 2.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 5.06M | 5.28M | 5.46M | 6.9M | 11.13M | 6.71M | 7.67M | 8.66M | 9.92M | 10.16M | 9.56M | 10.92M | 7.63M | 5.83M | 2.87M | 0 | 0 | 0 | 0 |
| Accounts Payable | 3.29M | 3.3M | 3.29M | 4.77M | 9.08M | 4.59M | 5.13M | 5.67M | 5.75M | 7.14M | 6.07M | 7.46M | 5.19M | 4.59M | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29.17M | -153.09M | -187.71M | -183.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 829 | 3.32K | 8.63K | 13.27K | 130.43M | 73.13K | 139.04K | 309.93K | 0 | 0 | 0 | 3.66M | 960.33K | 775.96K | 5.27M | 0 | 0 | 0 | 0 |
| Total Equity | 21.42M | 24.66M | 34.95M | 61.32M | 52.84M | 65.48M | 50.12M | 56.62M | 56.14M | 52.04M | 55.75M | 65.16M | 71.54M | 85.87M | 87.38M | 90.71M | 79.76B | 70.17B | 48.22B |
| Equity Growth % | -110.68% | -29.44% | -43.01% | 16.05% | -19.3% | 30.64% | -11.48% | 0.86% | 7.88% | -6.65% | -14.45% | -8.91% | -16.69% | -1.73% | -3.67% | -99.89% | 13.67% | 45.5% | - |
| Shareholders Equity | 13.85M | 16.84M | 26.54M | 50.95M | 43.83M | 55.67M | 34.88M | 39.18M | 40.42M | 37.65M | 43.09M | 53.06M | 60.73M | 70.43M | 76.7M | 82.79M | 73.28B | 65.8B | 48.22B |
| Minority Interest | 7.57M | 7.82M | 8.41M | 10.37M | 9.01M | 9.81M | 15.24M | 17.44M | 15.73M | 14.4M | 12.66M | 12.1M | 10.8M | 15.44M | 10.68M | 7.92M | 6.47B | 4.36B | 0 |
| Common Stock | 13.17K | 13.14K | 128.34K | 122.65K | 118.08K | 116K | 95.04K | 88.82K | 177.22K | 176.68K | 175.03K | 172.02K | 168.87K | 164.74K | 157.67K | 152.88K | 0 | 85.45B | 56.22B |
| Additional Paid-in Capital | 187.15M | 186.76M | 185.77M | 182.33M | 182.04M | 186.49M | 156.46M | 152.04M | 151.58M | 151.12M | 149.54M | 146.71M | 143.72M | 141.49M | 134.88M | 0 | 0 | 0 | 0 |
| Retained Earnings | -173.32M | -169.95M | -159.37M | -131.51M | 0 | 0 | 0 | -113.04M | -111.34M | -113.65M | -106.62M | -93.82M | -83.15M | 0 | -58.34M | 0 | 0 | 0 | 0 |
| Preferred Stock | 9.74K | 9.74K | 9.97K | 8.91K | 9.14K | 9.2K | 0 | 0 | 16.78B | 30.58B | 32.11B | 35B | 16.6B | 0 | 16 | 0 | 0 | 1.03B | 1.03B |
| Return on Assets (ROA) | -7.87% | -6.25% | -16.09% | 4.34% | -0.94% | -2.09% | -3.78% | -0.27% | 1.39% | -1.36% | -2.25% | -1.6% | -2.01% | -2.23% | -1.26% | -0% | -2.69% | 0.03% | 0.03% |
| Return on Equity (ROE) | -36.61% | -27.77% | -53.24% | 17.77% | -3.6% | -6.27% | -14.38% | -1.08% | 6.26% | -6.47% | -9.61% | -5.59% | -5.14% | -4.72% | -2.4% | -0.01% | -3.99% | 0.04% | 0.05% |
| Debt / Assets | 75.14% | 75.47% | 71.66% | 61.22% | 33.27% | 55.17% | 68.78% | 70.29% | 64.24% | 63% | 61.58% | 56.1% | 56.16% | 49.2% | 49.95% | - | - | - | - |
| Debt / Equity | 3.74x | 3.74x | 2.92x | 1.76x | 1.83x | 1.36x | 2.55x | 2.74x | 2.67x | 3.08x | 2.85x | 2.22x | 1.73x | 1.04x | 1.06x | - | - | - | - |
| Net Debt / EBITDA | 8.40x | 17.80x | 18.32x | 20.73x | 14.87x | 11.60x | 7.55x | 7.18x | 8.69x | 8.82x | 9.03x | 12.60x | 20.17x | 10.26x | 10.52x | -1.00x | - | -2.68x | -1.43x |
| Book Value per Share | 16.28 | 20.19 | 28.20 | 51.75 | 44.97 | 63.33 | 55.54 | 63.89 | 31.42 | 29.59 | 32.24 | 3.80 | 4.26 | 10.62 | 11.29 | 6.39 | 7114.04 | 7263.45 | 7002.44 |
Quick answers to the most common questions about buying SQFT stock.
As of 2025, Presidio Property Trust, Inc. (SQFT) had total assets of $122.1M including $16.5M in current assets.
Presidio Property Trust, Inc. (SQFT) carries total debt of $92.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Presidio Property Trust, Inc. (SQFT) has total shareholders' equity (book value) of $16.8M ($20.19 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Presidio Property Trust, Inc. (SQFT) reported a current ratio of 3.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Asset base erosion
Metrics are mathematically derived from official filings.
Asset Base Contraction and Deleveraging
As reported in recent financial statements, total assets have declined from $176.0M in 2023Q4 to $111.2M in 2026Q1, indicating a significant reduction in the company's footprint as it appears to divest income-producing properties without replacing them with new acquisitions or development projects.
The consistent decline in total assets suggests a strategic pivot toward liquidation or a forced reduction in scale to manage liquidity constraints. This trajectory implies that the company is struggling to maintain its competitive position in the diversified REIT space, potentially limiting future revenue growth opportunities.
Debt Structure and Solvency Pressures
Based on the provided balance sheet data, the debt-to-equity ratio has fluctuated significantly, reaching a peak of 3.74 in 2025Q4 before moderating to 2.55 in 2026Q1, which suggests that management is actively managing leverage amidst a shrinking equity base and persistent operational losses.
While the current debt-to-equity ratio appears lower than many peers, the underlying volatility in equity suggests that the company's capital structure is highly sensitive to asset impairments. Investors should monitor whether this deleveraging is a result of debt repayment or simply a byproduct of eroding book value.
Equity Erosion and Capital Dilution
According to historical balance sheet figures, shareholders' equity has plummeted from $51.0M in 2023Q4 to $17.5M in 2026Q1, reflecting a substantial loss of book value that may indicate significant impairment charges or the impact of sustained negative net income on the company's capital base.
The rapid depletion of equity raises concerns regarding the company's ability to absorb further operational shocks without resorting to dilutive capital raises. This trend suggests that the current business model is failing to generate sufficient returns to preserve shareholder capital, warranting further investigation into potential asset write-downs.
Liquidity Constraints and Cash Volatility
As indicated by the quarterly balance sheet data, cash reserves have remained volatile, ranging from a low of $2.8M to a high of $8.0M, which suggests that the company lacks a consistent liquidity buffer to fund ongoing property-level maintenance and corporate overhead requirements.
The inconsistency in cash levels implies that the company may be relying on asset sales to maintain liquidity, which is an unsustainable long-term strategy. The lack of a stable cash position may limit the company's ability to address the capital-intensive needs of its office portfolio, potentially leading to further asset degradation.