Power REIT

Power REIT is a holding company, which owns a portfolio of real estate assets related to transportation and energy infrastructure. It also expanded its real estate portfolio related to controlled environment agriculture for the cultivation of food and cannabis. The company was founded on August 26, 2011 and is headquartered in Old Bethpage, NY.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Power REIT (NYSEAMERICAN:PW) has acquired a 10-acre property in Crowley County, Colorado, through its wholly owned subsidiary (PropCo). The company said the property will include the construction of a 12,000 square-foot greenhouse space and 12,880 square feet (sq ft) of support buildings and infrastructure that Power REIT will fund for a total capital commitment of about $2.9 million.

Power REIT expands cannabis greenhouse cultivation footprint in Colorado

Old Bethpage, New York, June 21, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 10-acre property in Crowley County, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property will include the construction of a 12,000 square foot greenhouse space and 12,880 square feet of support buildings and infrastructure that will be funded by Power REIT for a total capital commitment of approximately $2.9 million.

Power REIT Expands its Colorado Controlled Environment Agriculture Footprint in Highly Accretive Transaction

Power REIT (NYSE-AMEX: PW) confirmed Friday it has bought a 9.35-acre property in Craig County, Oklahoma via its subsidiary PropCo for a total of $2.65 million. The property is based in northeast Oklahoma, which is said to provide excellent conditions for greenhouse growth.

Power REIT's Shares Plummet On Its Oklahoma Debut With New Greenhouse Cultivation Facility

Power REIT (NYSEAMERICAN:PW) has acquired a greenhouse cultivation facility and property in Oklahoma through wholly owned subsidiary (PropCo).  The company said its total capital commitment for the project including a 9.35-acre property acquisition cost is about $2.65 million.

Power REIT acquires Oklahoma greenhouse cultivation facility and property for $2.65M

Old Bethpage, New York, June 11, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 9.35-acre property in Craig County, Oklahoma (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property is located in the northeast corner of Oklahoma which offers a favorable growing climate for greenhouse cultivation.

Power REIT Acquires Greenhouse Cultivation Facility in Budding Oklahoma Market in Highly Accretive Transaction

Cannabis is providing a new lease on life for real estate investment trusts.

1 Unexpected Player Has Plans to Conquer a Burgeoning Pot Market

Aurora Cannabis

Cara Therapeutics

Evogene

Greenlane Holdings

GrowGeneration Corp

HEXO Corp

Innovative Industrial Properties

Coffee Holding

Akerna Corp

Neptune Wellness Solutions Inc.

Village Farms International

Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks last week and look ahead to how the cannabis industry continues to take shape in 2021.

12 Cannabis Stocks That Lit Up Wall Street This Week

Power REIT (NYSEAMERICAN:PW) announced it has signed an agreement to acquire 522,530 square feet (sq ft) of high-tech greenhouse and cannabis processing space in Michigan for a purchase price of about $18.5 million. The company said the greenhouse will be operated as a Michigan Regulated Cannabis Cultivation and Processing Facility and will be the largest of its kind in Michigan and one of the largest in the US.

Power REIT inks $18.5M deal to buy a Michigan cannabis greenhouse facility

Greenhouse w ill b e O perated as a Michigan Regulated Cannabis Cultivation and Processing Facility and will be the Largest of its kind in Michigan and one of the Largest in the Unite d States

Power REIT Signs Agreement to Acquire 522,530 Square Foot Greenhouse Cultivation and Processing Facility for $18.5 Million

Power REIT (NYSEAMERICAN:PW) said it has acquired a 35-acre property located in southern Colorado, through a wholly-owned subsidiary, that it plans to use for cannabis cultivation and processing. The property currently has multiple greenhouses and support buildings, and the company said it plans to both upgrade the existing infrastructure and build additional greenhouse space.

Power REIT buys 35-acre Colorado property for cannabis cultivation and processing through a subsidiary

Old Bethpage, New York, May 24, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 35-acre property located in Huerfano County, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property is strategically located in a part of southern Colorado that offers a very favorable business setting and growing environment for efficient and sustainable greenhouse cultivation.

Power REIT Acquires Southern Colorado Greenhouse Cultivation and Processing Facility in Highly Accretive Transaction

Power REIT is generating massive yields on property acquisitions, straight-line rental yields average 18%. Power REIT maintains a very low cost of capital relative to their yields being generated, fueling future earnings growth for the company.

Power REIT Is The Best Cannabis Company To Invest In

Predictable cash flow from long term triple net leased real estate Attractive funds from operations (FFO) multiple Sustainable pipeline of potential acquisitions What Power REIT does: Power REIT (NYSEAMERICAN:PW) is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets, including properties for controlled environment agriculture (greenhouses for the cultivation of food and cannabis), renewable energy, and transportation. The Old Bethpage, New York-based company was built upon the legacy of its wholly-owned Pittsburgh & West Virginia Railroad subsidiary, the first listed infrastructure REIT in the US that was based on its railroad property.

Power REIT is generating predictable cash flow from its sustainable cannabis and food cultivation land investments

Power REIT (NYSEAMERICAN:PW) has reported first-quarter 2021 earnings per share of $0.33, a 275% year-over-year increase as the company continued to make accretive acquisitions to boost its bottom line.   The REIT also said its Core Funds from Operations (FFO) increased by 142% year over year to $0.46 per share.

Power REIT 1Q earnings per share surge 275% as acquisitions lift results

Net Income Per Share Increased 267% - Core FFO Per Share Increased 142%

Acquisitions Drive Year-Over-Year Growth

Power REIT (NYSEAMERICAN:PW) announced that it has acquired 4.0 acres of land, consisting of two adjacent property parcels, in Crowley County, Colorado through its wholly-owned PropCo subsidiary for sustainable greenhouse cannabis cultivation.  The company said the transaction is valued at about $2.95 million, which includes the construction of a 38,440 square foot greenhouse cultivation facility.

Power REIT buys Colorado properties for sustainable cannabis cultivation

Enters into Long-Term Lease with Cloud Nine Farms – a Minority Owned Business

Power REIT Acquires Properties in Colorado for Greenhouse Cannabis Cultivation in Highly Accretive Transaction

Power REIT (NYSEAMERICAN:PW) saw its 4Q revenue climb 121% year-over-year to $1.4 million as accretive acquisitions boosted both the company's top and bottom lines.  Power REIT's Funds From Operations (FFO) for the quarter, meanwhile, increased 200% to $0.51 per share while its net income per share for the period rose 300% to $0.40.

Power REIT 4Q revenue surges 121% to $1.4M as accretive acquisitions pay off

Old Bethpage – New York, March 24, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE - American: PW and PW.PRA) (“Power REIT” or the “Trust”), with a focused “Triple Bottom Line” commitment to profit, planet, and people, today is providing an update including highlights of the Trust's financial and operating results for the three and twelve months ended December 31, 2020.

POWER REIT PROVIDES UPDATE ON FOURTH QUARTER AND FULL YEAR 2020 FINANCIAL AND OPERATING RESULTS

Power REIT (NYSEAMERICAN:PW) announced Friday it had acquired an additional 2.2 acres in Colorado for greenhouse cannabis cultivation. The specialized real estate investment trust said the land parcel in Crowley County offers a “very favorable” business setting and growing environment for sustainable greenhouse cultivation.

Power REIT inks deal to acquire 2.2 acres for greenhouse cannabis cultivation in Colorado

Old Bethpage, New York, March 12, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired an additional 2.2 acre parcel in Crowley County, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property is strategically located in a part of southern Colorado that offers a very favorable business setting and growing environment for efficient and sustainable greenhouse cultivation.

Power REIT Acquires Property in Colorado for Greenhouse Cannabis Cultivation in Highly Accretive Transaction

PW has an asset portfolio consisting of 3 types of properties. The company has shifted focus to cannabis properties and has been acquiring over 10 properties in the last few years.

Power REIT: A High Growth REIT

Old Bethpage, New York, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has entered into a lease amendment with The Grail Project LLC (“Grail Project”) to fund the expansion of its existing property leased to Grail Project by 6,256 square feet. Power REIT's capital commitment related to the expansion is approximately $517,000 and the increase in annual straight-line rent is approximately $105,000. The property, which is strategically located in a part of southern Colorado that offers a very favorable business setting and climate for greenhouse cultivation, is owned through a wholly owned subsidiary of Power REIT.

Power REIT Creates Efficiencies of Scale with Tenant Expansion

Old Bethpage, New York, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) announced today the closing of its previously announced rights offering (the “Rights Offering”) which expired at 5:00 p.m., Eastern time, on February 5, 2021.

Power REIT Closes Rights Offering and Raises $36.7 Million which Provides Capital to Deploy into Accretive Acquisitions Intended to Create Shareholder Value

Old Bethpage, New York, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 37,000 square foot state-of-the art greenhouse cannabis cultivation facility located in Riverside County, California (the “Property”) through a wholly owned subsidiary (“PropCo”) for $7.685 million. Power REIT funded the transaction using $2.685 million of cash on hand and the issuance of 192,308 shares of Power REIT's Series A Preferred Stock (NYSE American ticker: PW.PRA), which had a closing price of $26.00 per share on February 2, 2021.

News for Power REIT Stock (PW)