AMEX:PW

Stock Analysis Report

Executive Summary

Power REIT is a Maryland-domiciled real estate investment trust (a “REIT”) that owns a portfolio of real estate assets related to transportation, energy infrastructure and Controlled Environment Agriculture (CEA) in the United States.


Snowflake Analysis

Proven track record and slightly overvalued.

Share Price & News

How has Power REIT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PW's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.1%

PW

-0.07%

US REITs

-1.1%

US Market


1 Year Return

140.2%

PW

16.0%

US REITs

17.9%

US Market

Return vs Industry: PW exceeded the US REITs industry which returned 16% over the past year.

Return vs Market: PW exceeded the US Market which returned 17.9% over the past year.


Shareholder returns

PWIndustryMarket
7 Day7.1%-0.07%-1.1%
30 Day59.3%3.6%1.4%
90 Day62.7%7.8%6.9%
1 Year140.2%140.2%20.7%16.0%20.3%17.9%
3 Year97.4%97.4%37.9%20.6%47.8%38.3%
5 Year57.5%57.5%60.3%27.3%71.9%53.0%

Price Volatility Vs. Market

How volatile is Power REIT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Power REIT undervalued compared to its fair value and its price relative to the market?

36.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PW ($13.62) is trading below our estimate of fair value ($21.58)

Significantly Below Fair Value: PW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PW is poor value based on its PE Ratio (41.5x) compared to the REITs industry average (37.2x).

PE vs Market: PW is poor value based on its PE Ratio (41.5x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PW is overvalued based on its PB Ratio (2.7x) compared to the US REITs industry average (2.1x).


Next Steps

Future Growth

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

5.2%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Power REIT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Power REIT performed over the past 5 years?

74.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PW has high quality earnings.

Growing Profit Margin: PW's current net profit margins (30.2%) are higher than last year (28.7%).


Past Earnings Growth Analysis

Earnings Trend: PW has become profitable over the past 5 years, growing earnings by 74.5% per year.

Accelerating Growth: PW's earnings growth over the past year (8.2%) is below its 5-year average (74.5% per year).

Earnings vs Industry: PW earnings growth over the past year (8.2%) exceeded the REITs industry 7.6%.


Return on Equity

High ROE: PW's Return on Equity (7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Power REIT's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PW has a high level of physical assets or inventory.

Debt Coverage by Assets: PW's debt is covered by short term assets (assets are 1.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PW is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: PW is profitable, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: PW's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if PW has a sufficient allowance for bad loans.

Low Risk Liabilities: PW reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if PW has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PW has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if PW has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate PW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PW's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PW is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PW's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.2yrs

Average board tenure


CEO

David Lesser (53yo)

8.2yrs

Tenure

US$241,200

Compensation

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 t ...


Board Members

NamePositionTenureCompensationOwnership
David Lesser
Chairman8.2yrsUS$241.20k27.13% $6.9m
Virgil Wenger
8.2yrsUS$4.22k0.32% $81.7k
William Susman
8.2yrsUS$4.22k0.34% $87.2k
Patrick Haynes
8.2yrsUS$4.22k0.42% $108.1k
Justinian Hobor
3.7yrsUS$4.22k2.79% $710.7k

8.2yrs

Average Tenure

53yo

Average Age

Experienced Board: PW's board of directors are considered experienced (8.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PW insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.


Top Shareholders

Company Information

Power REIT's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Power REIT
  • Ticker: PW
  • Exchange: AMEX
  • Founded: 1916
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Market Cap: US$25.511m
  • Shares outstanding: 1.87m
  • Website: https://www.pwreit.com

Number of Employees


Location

  • Power REIT
  • 301 Winding Road
  • Old Bethpage
  • New York
  • 11804
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PWAMEX (NYSE MKT LLC)YesCommon StockUSUSDJan 1968

Biography

Power REIT is a Maryland-domiciled real estate investment trust (a “REIT”) that owns a portfolio of real estate assets related to transportation, energy infrastructure and Controlled Environment Agriculture (CEA) in the United States. Power REIT is focused on making new acquisitions of real estate within the CEA sector related to food and cannabis production. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 23:57
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.