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Power REIT

AMEX:PW
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PW
AMEX
$11M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Power REIT is a real estate investment trust (REIT) that acquires, owns and manages real-estate related to energy and transportation infrastructure. The last earnings update was 10 days ago. More info.


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PW Share Price and Events
7 Day Returns
0.6%
AMEX:PW
1.8%
US REITs
-0.7%
US Market
1 Year Returns
-4.8%
AMEX:PW
16.3%
US REITs
3%
US Market
PW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Power REIT (PW) 0.6% 1% -0.2% -4.8% 25.9% -36.5%
US REITs 1.8% 2.4% 3.1% 16.3% 13.8% 26.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • PW underperformed the REITs industry which returned 16.3% over the past year.
  • PW underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
PW
Industry
5yr Volatility vs Market

PW Value

 Is Power REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Power REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Power REIT.

AMEX:PW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:PW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (87.18%))
0.931
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.931 * 5.96%)
8.28%

Discounted Cash Flow Calculation for AMEX:PW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Power REIT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AMEX:PW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.28%)
2019 1.01 Est @ -2.73% 0.93
2020 1.00 Est @ -1.09% 0.85
2021 1.00 Est @ 0.05% 0.78
2022 1.00 Est @ 0.86% 0.73
2023 1.02 Est @ 1.42% 0.68
2024 1.04 Est @ 1.81% 0.64
2025 1.06 Est @ 2.09% 0.61
2026 1.08 Est @ 2.28% 0.57
2027 1.11 Est @ 2.42% 0.54
2028 1.14 Est @ 2.51% 0.51
Present value of next 10 years cash flows $6.86
AMEX:PW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1.14 × (1 + 2.73%) ÷ (8.28% – 2.73%)
$21.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $21.06 ÷ (1 + 8.28%)10
$9.51
AMEX:PW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6.86 + $9.51
$16.37
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $16.37 / 1.87
$8.75
AMEX:PW Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.75
Current discount Discount to share price of $5.86
= -1 x ($5.86 - $8.75) / $8.75
33.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Power REIT is available for.
Intrinsic value
33%
Share price is $5.86 vs Future cash flow value of $8.75
Current Discount Checks
For Power REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Power REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Power REIT's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Power REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Power REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:PW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.29
AMEX:PW Share Price ** AMEX (2019-05-17) in USD $5.86
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 32.79x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Power REIT.

AMEX:PW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:PW Share Price ÷ EPS (both in USD)

= 5.86 ÷ 0.29

20.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Power REIT is good value based on earnings compared to the US REITs industry average.
  • Power REIT is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Power REIT's expected growth come at a high price?
Raw Data
AMEX:PW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
11%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.4x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Power REIT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Power REIT's assets?
Raw Data
AMEX:PW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.75
AMEX:PW Share Price * AMEX (2019-05-17) in USD $5.86
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
AMEX:PW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:PW Share Price ÷ Book Value per Share (both in USD)

= 5.86 ÷ 4.75

1.23x

* Primary Listing of Power REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Power REIT is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Power REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Power REIT has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PW Future Performance

 How is Power REIT expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Power REIT, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Power REIT expected to grow at an attractive rate?
  • Power REIT's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Power REIT's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Power REIT's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:PW Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:PW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 11%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:PW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:PW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2 1 1
2018-12-31 2 1 1
2018-09-30 2 1 1
2018-06-30 2 1 0
2018-03-31 2 1 0
2017-12-31 2 1 0
2017-09-30 2 1 0
2017-06-30 2 1 0
2017-03-31 2 1 0
2016-12-31 2 1 0
2016-09-30 2 0 0
2016-06-30 2 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Power REIT's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Power REIT is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:PW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Power REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:PW Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.29
2018-12-31 0.30
2018-09-30 0.31
2018-06-30 0.26
2018-03-31 0.25
2017-12-31 0.24
2017-09-30 0.16
2017-06-30 0.13
2017-03-31 0.00
2016-12-31 -0.02
2016-09-30 -0.13
2016-06-30 -0.26

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Power REIT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Power REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Power REIT has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PW Past Performance

  How has Power REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Power REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Power REIT has delivered over 20% year on year earnings growth in the past 5 years.
  • Power REIT's 1-year earnings growth is less than its 5-year average (17.4% vs 65.5%)
  • Power REIT's earnings growth has exceeded the US REITs industry average in the past year (17.4% vs 16%).
Earnings and Revenue History
Power REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Power REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:PW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1.98 0.54 0.42
2018-12-31 1.97 0.56 0.40
2018-09-30 1.99 0.57 0.39
2018-06-30 1.99 0.47 0.37
2018-03-31 1.98 0.46 0.37
2017-12-31 1.98 0.44 0.38
2017-09-30 1.96 0.29 0.37
2017-06-30 1.96 0.23 0.39
2017-03-31 1.98 -0.01 0.38
2016-12-31 1.98 -0.03 0.34
2016-09-30 1.98 -0.23 0.36
2016-06-30 1.98 -0.46 0.35
2016-03-31 1.97 -0.50 0.38
2015-12-31 1.97 -0.73 0.41
2015-09-30 1.97 -1.21 0.40
2015-06-30 1.97 -1.32 0.41
2015-03-31 1.94 -1.94 0.48
2014-12-31 1.74 -1.75 0.44
2014-09-30 1.54 -1.16 0.43
2014-06-30 1.30 -0.98 0.46
2014-03-31 1.09 -0.31 0.39
2013-12-31 1.04 -0.48 0.42
2013-09-30 0.98 -0.68 0.51
2013-06-30 0.96 -0.48 0.46
2013-03-31 0.94 -0.48 0.53
2012-12-31 0.92 -0.32 0.54
2012-09-30 0.92 0.13 0.41
2012-06-30 0.92 0.29 0.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Power REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Power REIT used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Power REIT's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Power REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Power REIT has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PW Health

 How is Power REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Power REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Power REIT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Power REIT's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Power REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Power REIT Company Filings, last reported 1 month ago.

AMEX:PW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 12.38 9.55 2.01
2018-12-31 12.19 9.56 1.77
2018-09-30 11.98 9.56 1.61
2018-06-30 11.78 9.79 1.51
2018-03-31 11.60 9.89 1.62
2017-12-31 11.41 9.89 1.15
2017-09-30 11.21 9.89 1.22
2017-06-30 11.13 10.12 1.32
2017-03-31 10.95 10.21 1.07
2016-12-31 10.78 10.21 0.72
2016-09-30 10.72 10.21 0.70
2016-06-30 10.69 10.43 0.76
2016-03-31 10.74 10.52 0.53
2015-12-31 10.61 10.51 0.44
2015-09-30 10.77 9.82 0.28
2015-06-30 10.98 9.72 0.35
2015-03-31 11.07 9.99 0.64
2014-12-31 11.16 9.90 0.65
2014-09-30 11.67 9.65 0.76
2014-06-30 11.78 9.59 0.62
2014-03-31 11.80 2.49 3.09
2013-12-31 9.07 2.51 0.08
2013-09-30 9.13 2.51 0.31
2013-06-30 9.26 0.92 0.38
2013-03-31 9.11 0.92 0.19
2012-12-31 9.35 0.93 0.37
2012-09-30 9.62 0.00 0.55
2012-06-30 9.75 0.00 0.72
  • Power REIT's level of debt (77.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21.8% vs 77.1% today).
  • Debt is not well covered by operating cash flow (10.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Power REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Power REIT has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PW Dividends

 What is Power REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Power REIT dividends.
If you bought $2,000 of Power REIT shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Power REIT's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Power REIT's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:PW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:PW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2014-11-25 0.000 0.000
2014-11-14 0.000 0.000
2014-08-14 0.000 0.000
2014-05-15 0.000 0.000
2014-04-01 0.000 0.000
2013-11-15 0.000 0.000
2013-08-15 0.000 0.000
2013-05-15 0.000 0.000
2013-01-04 0.400 3.805
2012-11-14 0.400 4.481
2012-06-14 0.400 5.105
2011-12-12 0.400 4.114
2011-11-18 0.500 4.071
2011-11-16 0.500 4.072
2011-03-28 0.500 4.224
2010-03-26 0.500 4.590

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Power REIT has not reported any payouts.
  • Unable to verify if Power REIT's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Power REIT's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Power REIT has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Power REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Power REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Power REIT has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PW Management

 What is the CEO of Power REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Lesser
COMPENSATION $241,200
AGE 52
TENURE AS CEO 7.4 years
CEO Bio

Mr. David H. Lesser has been the Chief Executive Officer and Chairman of the Board of Trustees at Power REIT since December 2011 and as its Secretary and Treasurer since January 2014. Mr. Lesser has been the Chairman of Pittsburgh & West Virginia Railroad (predecessor of Power REIT) since December 2010 and Chief Executive Officer since February 15, 2011. He has been the Chairman at Millennium Investment & Acquisition Company Inc. since October 3, 2013. Mr. Lesser serves as the Chief Executive Officer, of Millennium Investment & Acquisition Company Inc. and has been its Secretary and Treasurer since October 3, 2013. He serves as the President of Hudson Bay Partners, LP. He formed Hudson Bay Partners, L.P. in May 1996. From April 1995 to May 1996, he served as the Senior Vice President for Business Development of Crescent Real Estate Equities Company in charge of acquisition, finance and strategic investments. He has been a Trustee of Pittsburgh & West Virginia Railroad since May 14, 2009. He has been Director of Millennium India Acquisition Company Inc. since October 3, 2013. He serves as Trustee of the Town Hall of New York. From July 1988 to April 1995, Mr. Lesser worked for Merrill Lynch & Co. in the Real Estate Investment Banking Division, where he was a Director. He was a Director of Keystone Property Trust. Mr. Lesser received a B.S. in Applied Management and Economics from Cornell University and an M.B.A. also from Cornell University.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year.
  • David's remuneration is lower than average for companies of similar size in United States of America.
Management Team

David Lesser

TITLE
Chairman
COMPENSATION
$241K
AGE
52
TENURE
7.4 yrs
Board of Directors Tenure

Average tenure and age of the Power REIT board of directors in years:

7.4
Average Tenure
52
Average Age
  • The tenure for the Power REIT board of directors is about average.
Board of Directors

David Lesser

TITLE
Chairman
COMPENSATION
$241K
AGE
52
TENURE
7.4 yrs

Virgil Wenger

TITLE
COMPENSATION
$4K
AGE
87
TENURE
7.4 yrs

Patrick Haynes

TITLE
COMPENSATION
$4K
AGE
34
TENURE
7.4 yrs

Billy Susman

TITLE
COMPENSATION
$4K
AGE
54
TENURE
7.4 yrs

Justinian Hobor

TITLE
COMPENSATION
$4K
AGE
35
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Power REIT insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. May 19 Buy David Lesser Individual 13. May 19 13. May 19 500 $5.90 $2,950
10. May 19 Buy David Lesser Individual 10. May 19 10. May 19 500 $6.00 $3,000
03. May 19 Buy David Lesser Individual 02. May 19 02. May 19 600 $6.05 $3,630
26. Apr 19 Buy David Lesser Individual 26. Apr 19 26. Apr 19 502 $5.99 $3,007
24. Apr 19 Buy David Lesser Individual 24. Apr 19 24. Apr 19 690 $5.90 $4,071
X
Management checks
We assess Power REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Power REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PW News

Simply Wall St News

If You Like EPS Growth Then Check Out Power REIT (NYSEMKT:PW) Before It's Too Late

Over the last three years, Power REIT has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base. … Not all of Power REIT's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I've used might not be the best representation of the underlying business. … Power REIT reported flat revenue and EBIT margins over the last year.

Simply Wall St -

The Power REIT (NYSEMKT:PW) Share Price Has Gained 41% And Shareholders Are Hoping For More

While Power REIT made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. … Many high growth companies focus on growing revenue before profits, but if revenue is the focus, it really needs to grow. … The modest growth is probably broadly reflected in the share price, which is up 12%, per year over 3 years.

Simply Wall St -

Does Power REIT (NYSEMKT:PW) Create Value For Shareholders?

Our data shows Power REIT has a return on equity of 7.1% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.071 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Should You Analyze REIT Stock Power REIT (NYSEMKT:PW)?

Power REIT is a US$10m. … real estate investment trust (REIT) based in Old Bethpage, United States. … REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities

Simply Wall St -

Do Insiders Own Lots Of Shares In Power REIT (NYSEMKT:PW)?

A look at the shareholders of Power REIT (NYSEMKT:PW) can tell us which group is most powerful. … With a market capitalization of US$10m, Power REIT is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Power REIT

Simply Wall St -

Does Power REIT's (NYSEMKT:PW) CEO Salary Compare Well With Others?

How Does David Lesser's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Power REIT has a market cap of US$11m, and is paying total annual CEO compensation of US$276k. … We took a group of companies with market capitalizations below US$200m, and calculated the median CEO compensation to be US$293k

Simply Wall St -

How To Look At Power REIT (NYSEMKT:PW)

real estate investment trust (REIT) based in Old Bethpage, United States. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.

Simply Wall St -

Will Power REIT (NYSEMKT:PW) Continue To Underperform Its Industry?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … With an ROE of 6.39%, Power REIT (NYSEMKT:PW) returned in-line to its own industry which delivered 7.37% over the past year. … See our latest analysis for Power REIT

Simply Wall St -

One Metric To Rule Them All: Power REIT (NYSEMKT:PW)

Power REIT is a US$11.51m. … real estate investment trust (REIT) based in Old Bethpage, United States. … Check out our latest analysis for Power REIT

Simply Wall St -

Should You Be Concerned About Power REIT's (NYSEMKT:PW) Shareholders?

View our latest analysis for Power REIT AMEX:PW Ownership_summary May 31st 18 Institutional Ownership Institutions account for 13.10% of PW's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … While that hardly seems concerning, I will explore further into PW's ownership type to find out how it can affect the company’s investment profile. … Next Steps: PW's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

PW Company Info

Description

Power REIT is a real estate investment trust (REIT) that acquires, owns and manages real-estate related to energy and transportation infrastructure. Infrastructure assets often have significant embedded real-estate value due to their proximity to supporting infrastructure, favorable geographic or other locational advantages and ownership of hard to acquire operating permits and/or rights of way. Within the energy sector, Power REIT is focused on acquiring land and other real-estate interests related to renewable energy based generating facilities.

Details
Name: Power REIT
PW
Exchange: AMEX
Founded: 1916
$10,953,778
1,870,139
Website: http://www.pwreit.com
Address: Power REIT
301 Winding Road,
Old Bethpage,
New York, 11804,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX PW Common Stock NYSE MKT LLC US USD 02. Jan 1968
Number of employees
Current staff
Staff numbers
1
Power REIT employees.
Industry
Specialized REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:39
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.