Old Bethpage, New York, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), today 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 pa

Old Bethpage, New York, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), today 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

Old Bethpage, New York, March 29, 2024 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), today announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2023, which was filed on March 29, 2024 with the Securities and Exchange Commission, the audited financial statements contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Trust's ability to continue as a going concern. See further discussion in footnote 3 to the Trust's financial statements included in the Company's Annual Report on Form 10-K. This announcement is made pursuant

Old Bethpage, NY, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Power REIT ((", Power REIT, ", ", we, ", ", our, ", or the ", Company, ", NYSE:PW), today announced the estimated Federal income tax treatment of the Company's 2022 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200).  The Federal income tax classification of the distribution per share on the Company's 7.75% Series A Preferred Stock with respect to the calendar year ended December 31, 2022 is shown in the table below: Record Date Payable Date Total Distribution Per Share  Ordinary Income Per Share  Return of Capital Per Share  Capital Gain Per Share 2/15/22 3/15/22 $0.484375  $0.484375  $0.0  $0.00 5/15

STABLE QUARTERLY FFO WITH POTENTIAL FOR SIGNIFICANT INTERNAL GROWTH PROGRESS WITH RESPECT TO MICHIGAN GREENHOUSE CANNABIS LICENSING Old Bethpage, New York, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), with a focused "Triple Bottom Line" strategy and a commitment to people, planet, and profit, is providing information regarding its quarterly financial performance, cannabis licensing at is Michigan greenhouse property and other portfolio updates. The information provided below includes highlights from its quarterly report and current business activities as reported on its Form 10Q filed with the SEC. Q2 -2022 FINANCIAL HIGHLIGHTS During the secon

Atlanta, June 01, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX:UCASU) announced today the company is aggressively seeking cannabis property opportunities in the state of New York, by partnering with licensed local growers, vendors and other cannabis license holders. In the fourth quarter of 2021, UCASU rolled out a new business investment strategy highlighting interest in retaining cannabis properties to duplicate the success of other public companies, such as Power REIT (NYSE:PW). Initially, UC Asset was focused on the Midwest states such as Oklahoma and Colorado. "Having formed a viable pipeline for cannabis property deals in those Midwest states, our research and business intelligen

Old Bethpage, New York, May 10, 2022 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), with a focused "Triple Bottom Line" strategy and a commitment to people, planet, and profit, today announced that it is has filed its quarterly report for the three months ended March 31, 2022 on Form 10Q with the SEC. The information provided below is an update that includes highlights from its quarterly report and current business activities. FINANCIAL HIGHLIGHTS   Three Months Ended March 31,    2022 2021     Revenue $1,985,516  $1,820,927          Net Income Attributable to Common Shareholders $997,880  $1,108,128 Net Income per Common Share (basic

Atlanta, May 05, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX:UCASU) management announces that the company is expected to report better profit results for both its fiscal years of 2021 and 2020, after the Company switched its accounting method from fair market value accounting to historical cost accounting. Particularly, the company is expected to report an operating profit increase of 73% in fiscal year 2021 over fiscal year 2020. During the same period, the company is expected to report a net income increase of 330%.  For fiscal year 2021, the company is expected to report an operating profit of $1.41 million, representing an increase of 73% from its operating profit of $0.82 millio

First Food Crop Transaction for the Cultivation of Tomatoes Old Bethpage, New York, April 01, 2022 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust") today announced that it has acquired a 1,121,513 square foot Controlled Environmental Agricultural ("CEA") greenhouse cultivation facility, and associated employee housing property in O'Neill, Nebraska (the "Property") through a wholly owned subsidiary ("PropCo") for $9.35 million. Simultaneous with the acquisition, Power REIT entered into a long-term, triple-net lease with Millennium Produce of Nebraska LLC ("MillPro"). As part of the transaction, Power REIT has agreed to fund capital improvements to upgrade the tomato-

Old Bethpage, New York, April 01, 2022 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), with a focused "Triple Bottom Line" strategy and a commitment to people, planet, and profit, today announced that it is providing an update that includes highlights of the Trust's financial and operating results for the three and twelve months ended December 31, 2021. FINANCIAL HIGHLIGHTS   Three Months Ended December 31,  Year Ended December 31,   2021  2020  2021  2020              Revenue $1,785,809  $1,394,613  $8,457,914  $4,272,709                  Net Income Attributable to Common Shareholders $670,730  $863,970  $4,491,656  $1,891,644 Net Income per Common Share

Old Bethpage, NY, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Power REIT ((", Power REIT, ", ", we, ", ", our, ", or the ", Company, ", NYSE:PW), today announced the estimated Federal income tax treatment of the Company's 2022 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200).  The Federal income tax classification of the distribution per share on the Company's 7.75% Series A Preferred Stock with respect to the calendar year ended December 31, 2022 is shown in the table below: Record Date Payable Date Total Distribution Per Share  Ordinary Income Per Share  Return of Capital Per Share  Capital Gain Per Share 2/15/22 3/15/22 $0.484375  $0.484375  $0.0  $0.00 5/15

STABLE QUARTERLY FFO WITH POTENTIAL FOR SIGNIFICANT INTERNAL GROWTH PROGRESS WITH RESPECT TO MICHIGAN GREENHOUSE CANNABIS LICENSING Old Bethpage, New York, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), with a focused "Triple Bottom Line" strategy and a commitment to people, planet, and profit, is providing information regarding its quarterly financial performance, cannabis licensing at is Michigan greenhouse property and other portfolio updates. The information provided below includes highlights from its quarterly report and current business activities as reported on its Form 10Q filed with the SEC. Q2 -2022 FINANCIAL HIGHLIGHTS During the secon

Old Bethpage, New York, May 10, 2022 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), with a focused "Triple Bottom Line" strategy and a commitment to people, planet, and profit, today announced that it is has filed its quarterly report for the three months ended March 31, 2022 on Form 10Q with the SEC. The information provided below is an update that includes highlights from its quarterly report and current business activities. FINANCIAL HIGHLIGHTS   Three Months Ended March 31,    2022 2021     Revenue $1,985,516  $1,820,927          Net Income Attributable to Common Shareholders $997,880  $1,108,128 Net Income per Common Share (basic

First Food Crop Transaction for the Cultivation of Tomatoes Old Bethpage, New York, April 01, 2022 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust") today announced that it has acquired a 1,121,513 square foot Controlled Environmental Agricultural ("CEA") greenhouse cultivation facility, and associated employee housing property in O'Neill, Nebraska (the "Property") through a wholly owned subsidiary ("PropCo") for $9.35 million. Simultaneous with the acquisition, Power REIT entered into a long-term, triple-net lease with Millennium Produce of Nebraska LLC ("MillPro"). As part of the transaction, Power REIT has agreed to fund capital improvements to upgrade the tomato-

Old Bethpage, New York, April 01, 2022 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), with a focused "Triple Bottom Line" strategy and a commitment to people, planet, and profit, today announced that it is providing an update that includes highlights of the Trust's financial and operating results for the three and twelve months ended December 31, 2021. FINANCIAL HIGHLIGHTS   Three Months Ended December 31,  Year Ended December 31,   2021  2020  2021  2020              Revenue $1,785,809  $1,394,613  $8,457,914  $4,272,709                  Net Income Attributable to Common Shareholders $670,730  $863,970  $4,491,656  $1,891,644 Net Income per Common Share

Old Bethpage, NY, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Power REIT ((", Power REIT, ", ", we, ", ", our, ", or the ", Company, ", NYSE:PW), today announced the estimated Federal income tax treatment of the Company's 2021 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200).  The Federal income tax classification of the distribution per share on the Company's 7.75% Series A Preferred Stock with respect to the calendar year ended December 31, 2021 is shown in the table below: RecordDatePayableDateTotalDistributionPer ShareOrdinaryIncomePer ShareReturn ofCapitalPer ShareCapital GainPer Share2/15/213/15/21$0.484375$0.484375$0.0$0.005/15/216/15/21$0.484375$0.484375$0.0$0.0

ATLANTA, Jan. 20, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX:UCASU) announces the company is finalizing the acquisition of a piece of cannabis property in Oklahoma City, at the price of $500,000, which will be 77% less than the original marked price of $2.2 million. The property is a 4-acre medical marijuana indoor/outdoor property, including several buildings, greenhouses, and remodeled containers. Annual output may generate sales between $500,000 to $900,000 if leased to a seasoned grower. "At this moment, it looks like we will be able to close the property at $500,000," declares Greg Bankston, managing general partner of UC Asset. "The seller originally asked for $2.2 mi

ATLANTA, Dec. 13, 2021 /PRNewswire/ -- UC Asset LP (OTCQX:UCASU) announces the company's management team has just concluded the phase I due diligence on a piece of cannabis property in Oklahoma, and already reduced the target price by almost 60%. "Our LOI with the seller, came into effect on December 6, gave us 60 days to conduct our due diligence," explains Greg Bankston, managing general partner of UC Asset. "Last week our management team traveled to Oklahoma for a thorough on-site inspection. Based on our findings, we successfully challenged its revenue projection, which leads to us convincing the seller to reduce the target price to $900,000, from the original asking price of $2.2 millio

Net Income Per Share Increased 121%Core FFO Per Common Share Increased 94% Old Bethpage, New York, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust"), with a focused "Triple Bottom Line" strategy and a commitment to people, planet, and profit, today announced that it is providing an update that includes highlights of the Trust's financial and operating results for the three and nine months ended September 30, 2021. FINANCIAL HIGHLIGHTS   Three Months Ended September 30, Nine Months Ended September 30,   20211   2020   20211   2020                  Revenue $2,547,346  $1,115,586  $6,636,121  $2,878,096                  Net Income Attributable to Comm

The Greenhouse will be the Largest Cannabis Cultivation Facility in Michigan and one of the Largest in the United States Old Bethpage, New York, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Power REIT (AMEX:PW) ("Power REIT" or the "Trust") today announced that it has closed on its previously announced greenhouse cultivation facility acquisition in Marengo Township, Michigan (the "Property") through a wholly owned subsidiary ("PropCo"). The Property is comprised of approximately 556,000 square feet and is located in the "Marijuana Overlay District" of Marengo County which allows for unlimited cannabis cultivation licenses. The 61-acre property has existing plans in place to add 330,236 square feet