Presidio Property Trust, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Presidio Property Trust, Inc. (SQFT) on June 5, 2025, regarding events occurring on June 3, 2025. The Company is a real estate investment trust incorporated in Maryland with principal executive offices in San Diego, California.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a change in the Company's certifying accountant.
Material Changes
- Accountant Merger: On June 3, 2025, the Company's independent registered public accounting firm, Moss Adams LLP, merged with Baker Tilly US, LLP.
- Resignation and Appointment: Moss Adams LLP resigned as the Company's auditor. The Audit Committee approved the appointment of Baker Tilly US, LLP as the successor independent registered public accounting firm.
- Audit History: The audit report by Moss Adams for the year ended December 31, 2024, was unqualified and did not contain an adverse opinion, disclaimer, or modification regarding uncertainty, scope, or accounting principles.
- No Disagreements: There were no disagreements with Moss Adams regarding accounting principles, practices, or audit scope during the year ended December 31, 2024, or the interim period through June 3, 2025.
Guidance, Outlook, and Risks
The filing does not contain management guidance, financial outlook, or new risk factors. It confirms that no consultations were held with Baker Tilly regarding accounting principles or potential audit opinions prior to the appointment. A letter from Moss Adams LLP confirming the statements in this report is filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the effective date of the auditor transition (June 3, 2025).
- Confirm the identity of the new independent registered public accounting firm (Baker Tilly US, LLP).
- Review Exhibit 16.1 for the formal letter from Moss Adams LLP to the SEC.
- Check subsequent filings for the first audit report issued by Baker Tilly US, LLP.