Power REIT
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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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Power REIT.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Power REIT's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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.
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.
| 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.
Future performance checks
We assess Power REIT's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Power REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Power REIT's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Power REIT Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess Power REIT's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Power REIT has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Power REIT
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Power REIT's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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
Chairman
$241K
52
7.4 yrs
Board of Directors Tenure
Average tenure and age of the Power REIT board of directors in years:
- The tenure for the Power REIT board of directors is about average.
Board of Directors
David Lesser
Chairman
$241K
52
7.4 yrs
Virgil Wenger
$4K
87
7.4 yrs
Patrick Haynes
$4K
34
7.4 yrs
Billy Susman
$4K
54
7.4 yrs
Justinian Hobor
$4K
35
2.9 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Power REIT insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Power REIT's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleThe 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 - – Full articleDoes 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 - – Full articleHow 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 - – Full articleDo 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 - – Full articleDoes 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 - – Full articleHow 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 - – Full articleWill 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 - – Full articleOne 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 - – Full articleShould 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 - – Full articlePW 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
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.
