MeritValue

Presidio Property Trust, Inc.

SQFTdata completeness 75%16 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'pretaxIncome'

The thesis, from the filings

Presidio Property Trust, Inc. earns about -27% on equity, and has bought back 88% of its shares over 5 years. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$19.2M1$17.8M2$14.6M3$15.7M4$14M4
Net income−$3.63M5−$2.13M6$10.1M7−$25.6M8−$8.28M8
Operating cash flow$2.37M9$928,81710$1.45M11−$728,06012$417,87012
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$14.7M13$16.5M14$6.51M15$8.04M16$7.42M16
Diluted shares10.3M11.8M11.8M1.2M1.2M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
$137.87
your share of equity
Profit it earned you last year
−$67.76
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $137.87 of net worth that earned you −$67.76 last year.

iii. Is this a good business?
Moat signal · return on equity
-27% avg · 5y
FY21 -7%FY22 -5%FY23 20%FY24 -97%FY25 -49%

It earned an average -27% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−88% shares · 5y

Share count is down 88% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001437749-23-008235 (Revenues)
  2. 10-K/A · period ending 2022-12-31 · accession 0001437749-24-012230 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001437749-25-010185 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2024-12-31 · accession 0001437749-26-010114 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2021-12-31 · accession 0001437749-23-008235 (NetIncomeLoss)
  6. 10-K/A · period ending 2022-12-31 · accession 0001437749-24-012230 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001437749-25-010185 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001437749-26-010114 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001437749-23-008235 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2022-12-31 · accession 0001437749-24-012230 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001437749-25-010185 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001437749-26-010114 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001437749-23-008235 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  14. 10-K/A · period ending 2022-12-31 · accession 0001437749-24-012230 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  15. 10-K · period ending 2023-12-31 · accession 0001437749-25-010185 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  16. 10-K · period ending 2024-12-31 · accession 0001437749-26-010114 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)