New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (US$2.13m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (US$2.0m revenue). Reported Earnings • May 18
First quarter 2026 earnings released: US$0.29 loss per share (vs US$0.47 loss in 1Q 2025) First quarter 2026 results: US$0.29 loss per share (improved from US$0.47 loss in 1Q 2025). Net loss: US$1.06m (loss narrowed 33% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 04
Full year 2025 earnings released: US$0.83 loss per share (vs US$7.48 loss in FY 2024) Full year 2025 results: US$0.83 loss per share (improved from US$7.48 loss in FY 2024). Net loss: US$2.85m (loss narrowed 89% from FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: US$0.018 (vs US$0.14 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.018 (up from US$0.14 loss in 3Q 2024). Net income: US$60.3k (up US$548.6k from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. New Risk • Aug 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.1m free cash flow). Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (US$4.51m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (US$3.0m revenue). Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$0.047 (vs US$5.70 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.047 (up from US$5.70 loss in 2Q 2024). Net income: US$157.7k (up US$19.5m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Announcement • Jul 21
Power REIT, Annual General Meeting, Aug 27, 2025 Power REIT, Annual General Meeting, Aug 27, 2025. Reported Earnings • May 16
First quarter 2025 earnings released: US$0.47 loss per share (vs US$0.66 loss in 1Q 2024) First quarter 2025 results: US$0.47 loss per share (improved from US$0.66 loss in 1Q 2024). Net loss: US$1.58m (loss narrowed 30% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year whereas the company’s share price has fallen by 62% per year. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Trustee Dionisio D’Aguilar was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.14 loss per share (vs US$3.01 loss in 3Q 2023) Third quarter 2024 results: US$0.14 loss per share (improved from US$3.01 loss in 3Q 2023). Net loss: US$488.2k (loss narrowed 95% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 15 percentage points per year, which is a significant difference in performance. Announcement • Sep 29
Power REIT Receives Notice Resolving NYSE American Listing Standards Deficiency Power REIT (“Power REIT” or the “Trust”) announced that it received a notice from the NYSE American LLC rescinding its letter dated September 3, 2024 (the “Deficiency Letter”). As previously disclosed, the Deficiency Letter stated that the Trust was not in compliance with the continued listing standards of the Exchange because the Trust was below compliance with Section 1003(a)(i) of the NYSE American Company Guide (the “Company Guide”), requiring stockholders’ equity of $2.0 million or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. As part of evaluating a plan to comply with the NYSE American listing requirements, the Trust embarked on analysis of the accounting treatment for its Preferred Shares which historically were classified as Mezzanine Equity. Based on its review, the Trust determined that the Preferred Shares should be treated as Equity. The Trust consulted with its Auditors and also retained a qualified third-party consultant to assist with its analysis of the accounting treatment for the Preferred Shares. Ultimately, the Trust concluded that it has incorrectly classified the Preferred Shares on its balance sheet and that they should be treated as Equity (not mezzanine equity) and the financial statements should be restated accordingly. The restatement increases the Trust’s Total Equity on its consolidated Balance Sheet to approximately $10 million which is above the threshold required for NYSE American compliance as of June 30, 2024. The change in accounting treatment is non-cash in nature, and does not affect revenue, gross margin, net income or income per share or the presentation of the Company’s non-GAAP metrics, including Funds from Operations. On September 24, 2024, Power REIT filed a Form 10-Q/A with the SEC for the quarter ended June 30, 2024, which provides a restated equity balance on its Consolidated Balance Sheet and an Explanatory Note. In addition, on September 24, 2024, Power REIT filed a Form 8-K describing the filing of the Form 10-Q/A. On September 25, 2024, the Trust received a notice from the NYSE American rescinding the Deficiency Letter as the Trust is compliant with equity requirements based on the restated equity level on the financial statements in the Form 10-Q/A. Announcement • Sep 05
Power REIT Receives Notice of Non-Compliance with NYSE American Continued Listing Standards Power REIT (‘Power REIT’ or the ‘Trust’) announced that on September 3, 2024, Power REIT (the ‘Trust’) received a written notice from the NYSE Regulation (the ‘NYSE Notice’) of NYSE American LLC (the ‘Exchange’) stating that the Trust is not in compliance with the continued listing standards of the Exchange because the Trust is below compliance with Section 1003(a)(i) of the NYSE American Company Guide (the ‘Company Guide’), requiring a stockholders’ equity of $2.0 million or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years, as a result of the Trust’s reported stockholders’ equity of $322,626 at June 30, 2024 and losses from continuing operations and/or net losses in two of its three most recent fiscal years ended December 31, 2023. The Trust is also not currently eligible for any exemption in Section 1003(a) of the Company Guide from the stockholders’ equity requirements. In connection with its non-compliance with Section 1003(a)(i), the Trust must submit a plan (the ‘Plan’) to NYSE Regulation of the Exchange by October 3, 2024, advising of actions it has taken or will take to regain compliance with the continued listing standards by March 3, 2026. If NYSE Regulation determines to accept the Plan, the Trust will be notified in writing and will be subject to periodic reviews including quarterly monitoring for compliance with the Plan. If the Trust does not submit a plan or if the Plan is not accepted, the Exchange will commence delisting proceedings. Furthermore, if the Plan is accepted but the Trust is not in compliance with the continued listing standards by March 3, 2026 or if the Trust does not make progress consistent with the Plan, the Exchange will initiate delisting proceedings as appropriate. The Trust may appeal a staff delisting determination in accordance with Section 1010 and Part 12 of the Company Guide. The Notice has no immediate impact on the listing of the Trust’s shares of common stock, par value $0.0001 per share (the ‘Common Stock’), and of the Trust shares of Series A Preferred 7.75% Cumulative Redeemable Perpetual Preferred Stock (the ‘Preferred Stock’) which will continue to be listed and traded on the NYSE American during this period, subject to the Trust’s compliance with the other listing requirements of the NYSE American. The Common Stock and Preferred Stock will continue to trade under the symbol ‘PW’, but will have an added designation of ‘.BC’ to indicate the status of the Common Stock and Preferred Stock are ‘below compliance’. The notice does not affect the Trust’s ongoing business operations or its reporting requirements with the Securities and Exchange Commission. Announcement • Aug 19
Power REIT, Annual General Meeting, Sep 26, 2024 Power REIT, Annual General Meeting, Sep 26, 2024. Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$5.70 loss per share (vs US$0.69 loss in 2Q 2023) Second quarter 2024 results: US$5.70 loss per share (further deteriorated from US$0.69 loss in 2Q 2023). Net loss: US$19.3m (loss widened US$17.0m from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance. Reported Earnings • May 12
First quarter 2024 earnings released: US$0.66 loss per share (vs US$0.15 loss in 1Q 2023) First quarter 2024 results: US$0.66 loss per share (further deteriorated from US$0.15 loss in 1Q 2023). Net loss: US$2.24m (loss widened 346% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2023 earnings released: US$4.43 loss per share (vs US$4.41 loss in FY 2022) Full year 2023 results: US$4.43 loss per share (further deteriorated from US$4.41 loss in FY 2022). Net loss: US$15.0m (flat on FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$3.01 loss per share (vs US$0.12 profit in 3Q 2022) Third quarter 2023 results: US$3.01 loss per share (down from US$0.12 profit in 3Q 2022). Net loss: US$10.2m (down US$10.6m from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2023 earnings released: US$0.69 loss per share (vs US$0.23 profit in 2Q 2022) Second quarter 2023 results: US$0.69 loss per share (down from US$0.23 profit in 2Q 2022). Net loss: US$2.35m (down 401% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Announcement • Aug 05
Power REIT, Annual General Meeting, Sep 14, 2023 Power REIT, Annual General Meeting, Sep 14, 2023. Reported Earnings • May 19
First quarter 2023 earnings released: US$0.15 loss per share (vs US$0.25 profit in 1Q 2022) First quarter 2023 results: US$0.15 loss per share (down from US$0.25 profit in 1Q 2022). Revenue: US$1.00m (down 49% from 1Q 2022). Net loss: US$502.3k (down 160% from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$5.24, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 27x in the REITs industry in the US. Total loss to shareholders of 42% over the past three years. Announcement • Jan 10
An unknown buyer acquired Tulare Solar Ground Lease from Power REIT for $2.5 million. An unknown buyer acquired Tulare Solar Ground Lease from Power REIT for $2.5 million on January 6, 2023.An unknown buyer completed the acquisition of Tulare Solar Ground Lease from Power REIT for $2.5 million on January 6, 2023. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$3.99, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 25x in the REITs industry in the US. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 22% share price decline to US$4.52, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 26x in the REITs industry in the US. Total loss to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorated over the past week After last week's 32% share price decline to US$5.55, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 26x in the REITs industry in the US. Total loss to shareholders of 31% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: US$0.12 (vs US$0.50 in 3Q 2021) Third quarter 2022 results: EPS: US$0.12 (down from US$0.50 in 3Q 2021). Revenue: US$2.01m (down 21% from 3Q 2021). Net income: US$419.8k (down 75% from 3Q 2021). Profit margin: 21% (down from 65% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$9.00, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 26x in the REITs industry in the US. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$12.11, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 30x in the REITs industry in the US. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$14.75, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 30x in the REITs industry in the US. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 34% share price gain to US$19.61, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 35x in the REITs industry in the US. Total returns to shareholders of 107% over the past three years. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: US$0.23 (vs US$0.42 in 2Q 2021) Second quarter 2022 results: EPS: US$0.23 (down from US$0.42 in 2Q 2021). Revenue: US$2.23m (down 1.5% from 2Q 2021). Net income: US$781.7k (down 43% from 2Q 2021). Profit margin: 35% (down from 61% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 74%, compared to a 8.0% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jul 20
Power REIT, Annual General Meeting, Aug 30, 2022 Power REIT, Annual General Meeting, Aug 30, 2022. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$11.51, the stock trades at a trailing P/E ratio of 8.8x. Average forward P/E is 37x in the REITs industry in the US. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$16.96, the stock trades at a trailing P/E ratio of 13x. Average forward P/E is 34x in the REITs industry in the US. Total returns to shareholders of 205% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 17% share price gain to US$22.90, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 38x in the REITs industry in the US. Total returns to shareholders of 314% over the past three years. Reported Earnings • May 10
First quarter 2022 earnings released: EPS: US$0.25 (vs US$0.34 in 1Q 2021) First quarter 2022 results: EPS: US$0.25 (down from US$0.34 in 1Q 2021). Revenue: US$1.99m (up 9.0% from 1Q 2021). Net income: US$834.7k (down 12% from 1Q 2021). Profit margin: 42% (down from 52% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 67%, compared to a 9.2% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$20.41, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 40x in the REITs industry in the US. Total returns to shareholders of 264% over the past three years. Price Target Changed • Apr 27
Price target decreased to US$68.00 Down from US$86.00, the current price target is provided by 1 analyst. New target price is 159% above last closing price of US$26.25. Stock is down 45% over the past year. The company posted earnings per share of US$1.41 last year. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: US$1.41 (vs US$0.99 in FY 2020) Full year 2021 results: EPS: US$1.41 (up from US$0.99 in FY 2020). Revenue: US$8.46m (up 98% from FY 2020). Net income: US$4.49m (up 137% from FY 2020). Profit margin: 53% (up from 44% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 105%, compared to a 11% growth forecast for the reits industry in the US. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorated over the past week After last week's 20% share price decline to US$36.50, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 46x in the REITs industry in the US. Total returns to shareholders of 552% over the past three years. Board Change • Mar 28
High number of new directors Trustee Dionisio D’Aguilar was the last director to join the board, commencing their role in 2022. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$52.81, the stock trades at a trailing P/E ratio of 36.7x. Average forward P/E is 49x in the REITs industry in the US. Total returns to shareholders of 867% over the past three years. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improved over the past week After last week's 17% share price gain to US$62.50, the stock trades at a trailing P/E ratio of 43.5x. Average forward P/E is 50x in the REITs industry in the US. Total returns to shareholders of 1,102% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 16% share price gain to US$61.65, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 50x in the REITs industry in the US. Total returns to shareholders of 1,066% over the past three years. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS US$0.50 (vs US$0.26 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.55m (up 128% from 3Q 2020). Net income: US$1.66m (up 229% from 3Q 2020). Profit margin: 65% (up from 45% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improved over the past week After last week's 24% share price gain to US$63.46, the stock trades at a trailing P/E ratio of 58.2x. Average forward P/E is 48x in the REITs industry in the US. Total returns to shareholders of 1,040% over the past three years. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improved over the past week After last week's 18% share price gain to US$59.00, the stock trades at a trailing P/E ratio of 54.1x. Average forward P/E is 47x in the REITs industry in the US. Total returns to shareholders of 926% over the past three years. Announcement • Sep 10
Power REIT (NYSEAM:PW) completed the acquisition of 556,146 Square Foot Cannabis Greenhouse Cultivation and Processing Facility for $18.39 million. Power REIT (NYSEAM:PW) entered into an agreement to acquire approx 66 acre parcel with approx 522,530 square feet of greenhouse and processing space in Michigan for $18.5 million on May 25, 2021. Power REIT has an approximately 75-day due diligence period followed by a 30-day period to close the transaction which can be extended by up to 30 additional days. Power REIT is actively working to finalize its due diligence and hopes to expedite the closing although there can be no assurance as to when or if the transaction will close. This transaction received court approval.
Power REIT (NYSEAM:PW) completed the acquisition of 556,146 Square Foot Cannabis Greenhouse Cultivation and Processing Facility for $18.39 million on September 9, 2021. As a part of the transaction 556,000 square feet was acquired. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 16% share price gain to US$42.29, the stock trades at a trailing P/E ratio of 28.9x. Average forward P/E is 52x in the REITs industry in the US. Total returns to shareholders of 617% over the past three years. Announcement • Aug 10
Power REIT (NYSEAM:PW) acquired 4 Controlled Environmental Agriculture Facilities in Colorado and Oklahoma. Power REIT (NYSEAM:PW) acquired 4 Controlled Environmental Agriculture Facilities in Colorado and Oklahoma on June 30, 2021.
Power REIT (NYSEAM:PW) completed the acquisition of 4 Controlled Environmental Agriculture Facilities in Colorado and Oklahoma on June 30, 2021. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$0.42 (vs US$0.21 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.27m (up 133% from 2Q 2020). Net income: US$1.38m (up 236% from 2Q 2020). Profit margin: 61% (up from 42% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 22
Power REIT (NYSEAM:PW) acquired a 10-acre property in Crowley County, Colorado for $0.4 million. Power REIT (NYSEAM:PW) acquired a 10-acre property in Crowley County, Colorado for $0.4 million on June 18, 2021. The transaction 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. The transaction is highly accretive to Power REIT.
Power REIT (NYSEAM:PW) completed the acquisition of a 10-acre property in Crowley County, Colorado on June 18, 2021. Announcement • Jun 12
Power REIT (NYSEAM:PW) acquired Greenhouse Cultivation Facility in Budding Oklahoma for $2.1 million. Power REIT (NYSEAM:PW) acquired Greenhouse Cultivation Facility in Budding Oklahoma for $2.1 million on June 11, 2021. As part of the transaction, Power REIT has agreed to fund the renovation of approximately 40,000 square feet of greenhouse space, 3,000 square feet of office space, and 100,000 square feet of fully fenced outdoor growing area with 20,000+ square feet of hoop structures. Power REIT’s total capital commitment for the project including the property acquisition cost is approximately $2.65 million. Its a Highly Accretive Transaction.
Power REIT (NYSEAM:PW) completed the acquisition of Greenhouse Cultivation Facility in Budding Oklahoma on June 11, 2021. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improved over the past week After last week's 18% share price gain to US$45.85, the stock trades at a trailing P/E ratio of 36.7x. Average forward P/E is 47x in the REITs industry in the US. Total returns to shareholders of 678% over the past three years. Announcement • May 27
Power REIT (NYSEAM:PW) entered into an agreement to acquire approx 66 acre parcel with approx 522,530 square feet of greenhouse and processing space in Michigan for $18.5 million. Power REIT (NYSEAM:PW) entered into an agreement to acquire approx 66 acre parcel with approx 522,530 square feet of greenhouse and processing space in Michigan for $18.5 million on May 25, 2021. Power REIT has an approximately 75-day due diligence period followed by a 30-day period to close the transaction which can be extended by up to 30 additional days. Power REIT is actively working to finalize its due diligence and hopes to expedite the closing although there can be no assurance as to when or if the transaction will close. This transaction received court approval. Announcement • May 25
Power REIT (NYSEAM:PW) acquired Southern Colorado Greenhouse Cultivation and Processing Facility for $2.3 million. Power REIT (NYSEAM:PW) acquired Southern Colorado Greenhouse Cultivation and Processing Facility for $2.3 million on May 21, 2021. Power REIT’s total capital commitment for the project is approximately $3.9 million including the property acquisition cost.
Power REIT (NYSEAM:PW) completed the acquisition of Southern Colorado Greenhouse Cultivation and Processing Facility on May 21, 2021. Reported Earnings • May 09
First quarter 2021 earnings released: EPS US$0.34 (vs US$0.096 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.82m (up 131% from 1Q 2020). Net income: US$944.9k (up 419% from 1Q 2020). Profit margin: 52% (up from 23% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS US$0.99 (vs US$0.36 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$4.27m (up 96% from FY 2019). Net income: US$1.89m (up 184% from FY 2019). Profit margin: 44% (up from 31% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 24
Power REIT Creates Efficiencies of Scale with Tenant Expansion Power REIT announced that it has entered into a lease amendment with The Grail Project LLC 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.
Including the expansion announced today, Power REIT has committed to invest approximately $2.36 million for the construction of approximately 28,000 square feet of greenhouse and processing space for its tenant, Grail Project. The 20 year “triple-net” lease is structured to provide straight-line annual rent of approximately $455,000, which represents an unleveraged FFO yield of approximately 19.3% on Power REIT’s invested capital. Is New 90 Day High Low • Feb 13
New 90-day high: US$43.78 The company is up 77% from its price of US$24.73 on 13 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improved over the past week After last week's 27% share price gain to US$43.78, the stock is trading at a trailing P/E ratio of 64.5x, up from the previous P/E ratio of 50.7x. This compares to an average P/E of 41x in the REITs industry in the US. Total returns to shareholders over the past three years are 640%. Announcement • Feb 11
Power REIT has completed a Follow-on Equity Offering in the amount of $36.659941 million. Power REIT has completed a Follow-on Equity Offering in the amount of $36.659941 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,383,394
Price\Range: $26.5
Security Features: Income Trust
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$32.95, the stock is trading at a trailing P/E ratio of 48.5x, down from the previous P/E ratio of 58.9x. This compares to an average P/E of 38x in the REITs industry in the US. Total returns to shareholders over the past three years are 463%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 34% share price gain to US$35.03, the stock is trading at a trailing P/E ratio of 51.6x, up from the previous P/E ratio of 38.5x. This compares to an average P/E of 37x in the REITs industry in the US. Total returns to shareholders over the past three years are 495%. Is New 90 Day High Low • Jan 05
New 90-day high: US$35.03 The company is up 87% from its price of US$18.69 on 07 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is flat over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: US$29.21 The company is up 66% from its price of US$17.61 on 15 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is flat over the same period. Announcement • Dec 10
Power REIT's Wholly Owned Subsidiary Propco Enters into a 20-Year “Triple-Net” Lease with a Tenant Power REIT announced that it acquired a 2.11 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 climate for greenhouse cultivation. Concurrent with the acquisition of the Property, PropCo entered into a 20-year “triple-net” lease with a tenant (“Green Mile”) which will operate a cannabis cultivation facility. The lease requires Green Mile to pay all property related expenses including maintenance, insurance and taxes. After the initial 20-year term, Green Mile’s lease provides two, five-year renewal options. The lease also has personal guarantees from the owners of Green Mile. The lease requires Green Mile to maintain a medical marijuana license and to operate in accordance with all Colorado and municipal regulations while prohibiting retail sales of its products from the property. The lease is structured to provide straight-line annual rent of approximately $252,000 which represents an unleveraged CORE FFO yield of approximately 19.2% on the invested capital. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 23% share price gain to US$28.42, the stock is trading at a trailing P/E ratio of 41.7x, up from the previous P/E ratio of 34x. This compares to an average P/E of 35x in the REITs industry in the US. Total returns to shareholders over the past three years are 356%. Is New 90 Day High Low • Nov 06
New 90-day high: US$28.42 The company is up 22% from its price of US$23.38 on 07 August 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 21% share price gain to US$24.44, the stock is trading at a trailing P/E ratio of 35.9x, up from the previous P/E ratio of 29.6x. This compares to an average P/E of 36x in the REITs industry in the US. Total returns to shareholders over the past three years are 288%. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of US$1.29m, up 109% from the prior year. Total revenue was US$3.50m over the last 12 months, up 71% from the prior year. Note: Net income excluding extraordinary items provided as the company does not report funds from operations. Announcement • Oct 17
Power REIT's Wholly Owned Subsidiary Enters into Triple-Net Lease with PSP Management LLC On October 15, 2020, Power REIT (‘Power REIT’ or the ‘Trust’), through a wholly owned subsidiary of the Trust (‘PropCo’), in connection with the acquisition of two properties totaling 4.46 acres located in Crowley County, Colorado (the ‘Properties’), entered into a triple-net lease (the ‘Lease’) with PSP Management LLC (the ‘Tenant’). The Lease provides that the Tenant is responsible for paying all expenses related to the Properties, including maintenance expenses, completed the insurance and taxes. The Lease requires the Tenant to maintain a medical cannabis license and operate in accordance with all Maine regulations with respect to its operations. As part of the agreement, Power REIT agreed to fund the construction of an approximately 34,000 square foot greenhouse/processing facility on the Properties for a total capital commitment of $3.1 million. The Lease is structured whereby after an initial deferred rent period to allow for construction of the facilities, the rental payments provide PropCo with a full return of its original invested capital over the next three years and thereafter, provides an approximately 13.3% return increasing 3% rate per annum. Announcement • Sep 22
Power REIT Enters into Triple-Net Lease with Fifth Ace, LLC On September 18, 2020, Power REIT in connection with the acquisition of a 4.32 acre property located in Crowley County, Colorado ('Tamarack 7'), entered into a triple-net lease (the 'Lease') with Fifth Ace, LLC (the 'Tenant'). The Lease provides that the Tenant is responsible for paying all expenses related to the Property, including maintenance expenses, insurance and taxes. The Lease requires the Tenant to maintain a medical cannabis license and operate in accordance with all Maine regulations with respect to its operations. As part of the agreement, the Trust agreed to fund the construction of an approximately 18,000 square foot greenhouse/processing facility on the Tamarack 7 for $1.22 million. The Lease is structured whereby after a six month period, the additional rental payments provide PropCo with a full return of its original invested capital over the next three years and thereafter, provide a 12.9% return increasing 3% rate per annum. Announcement • Jul 30
Power REIT (AMEX:PW) acquired a 3 acre property in York County, Maine for $1 million. Power REIT (AMEX:PW) acquired a 3 acre property in York County, Maine for $1 million on May 15, 2020. The property includes a 32,800 square-foot greenhouse and 2,800 square foot processing/distribution building that are both under active construction.
Power REIT (AMEX:PW) completed the acquisition of a 3 acre property in York County, Maine for $1 million on May 15, 2020.