Presidio Property Trust Inc (NASDAQ: SQFT) is an internally managed real estate investment trust (REIT) that owns and operates commercial properties and model home assets. The company generates revenue through rental income collected from tenants across its commercial portfolio and from leasing model homes through subsidiary partnerships. As of the 10-K filed March 27, 2026, Presidio owned 10 commercial properties in fee interest and held partial interests in two additional commercial properties through DownREIT structures, with properties located across California, North Dakota, Colorado, and Maryland. Originally incorporated in California on September 28, 1999 as NetREIT Inc., the company reincorporated in Maryland in August 2010 and changed its name to Presidio Property Trust in October 2017. The commercial portfolio spans office and industrial asset classes. Mortgages are carried against individual properties, indicating a debt-supported capital structure. The company relies on third-party property managers and leasing brokers for day-to-day operations.

Revenue model

Rental income from commercial tenants in office and industrial properties, plus lease revenue from model homes held through limited partnerships and a subsidiary corporation, as disclosed in the 10-K filed 2026-03-27.

Products and services

Office and industrial commercial property leasing; model home acquisition and leaseback through limited partnerships; DownREIT partnership structures giving co-investors the right to exchange interests for Series A Common Stock.

Customers and end markets

Commercial tenants in office and industrial properties across California, North Dakota, Colorado, and Maryland; homebuilders or related parties leasing model homes through subsidiary partnerships.

Value-chain role

Property owner and REIT operator; relies on third-party property managers to manage properties and brokers and agents to lease space, as disclosed in the 10-K filed 2026-03-27.

Geographic exposure

California (San Diego), North Dakota (Fargo, Bismarck, West Fargo), Colorado (Colorado Springs, Westminster, Highlands Ranch), and Maryland (Baltimore), based on property table in 10-K filed 2026-03-27.

Source: SEC 10-K, filed 2026-03-27

Industry: Real Estate Investment Trusts Peers: American Strategic Investment Co W.p. Carey Inc First Real Estate Investment Trust of New Jersey Inc Generation Income Properties Inc Guskin Gold Corp. Medalist Diversified, Inc Modiv Industrial Inc PILLARSTONE CAPITAL REIT