CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Revenues:
Rental	$ 191,617	$ 221,329
Interest on mortgages - notes receivable	677	188,738
Total	192,294	410,067
Costs and Expenses:
General and administrative	246,975	653,065
Stock based compensation	74,000	0
Termination of postretirement benefits obligation	0	(408,086)
Rental Property:
Operating expenses	113,570	103,748
Interest and fees on mortgage debt	0	98
Real estate taxes	11,644	11,938
Depreciation on real estate	12,308	0
Amortization of in-place lease values and mortgage costs	132	0
Total	458,629	360,763
Other Income (Loss):
Investment income	55	18,496
Other income	0	13
Equity in the loss from joint ventures (Note 3)	0	(275,427)
Loss from continuing operations	(266,280)	(207,614)
Discontinued Operations (Note 4):
Loss from discontinued operations	(308,054)	(243,568)
Total loss from discontinued operations	(308,054)	(243,568)
Net loss	(574,334)	(451,182)
Add: Net loss from noncontrolling interest (Note 6)	155,882	109,770
Net loss attributable to Presidential	$ (418,452)	$ (341,412)
Earnings per Common Share attributable to Presidential (basic and diluted):
Loss from continuing operations (in dollars per share)	$ (0.07)	$ (0.06)
Discontinued Operations:
Loss from discontinued operations (in dollars per share)	$ (0.09)	$ (0.07)
Net Loss per Common Share - basic and diluted (in dollars per share)	$ (0.16)	$ (0.13)
Weighted Average Number of Shares Outstanding - basic and diluted (in shares)	3,655,680	3,405,680