Power REIT is a real estate investment trust (REIT) that owns real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation. Power REIT is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture.
IPO Year: 1998
Exchange: AMEX
Website: pwreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/16/2021 | $63.00 → $86.00 | Buy | Aegis Capital |
10-Q - Power REIT (0001532619) (Filer)
8-K - Power REIT (0001532619) (Filer)
8-K - Power REIT (0001532619) (Filer)
10-Q/A - Power REIT (0001532619) (Filer)
8-K - Power REIT (0001532619) (Filer)
8-K - Power REIT (0001532619) (Filer)
DEF 14A - Power REIT (0001532619) (Filer)
8-K - Power REIT (0001532619) (Filer)
10-Q - Power REIT (0001532619) (Filer)
10-Q - Power REIT (0001532619) (Filer)
4 - Power REIT (0001532619) (Issuer)
4 - Power REIT (0001532619) (Issuer)
4 - Power REIT (0001532619) (Issuer)
4 - Power REIT (0001532619) (Issuer)
4 - Power REIT (0001532619) (Issuer)
4 - Power REIT (0001532619) (Issuer)
4 - Power REIT (0001532619) (Issuer)
3 - Power REIT (0001532619) (Issuer)
4 - Power REIT (0001532619) (Issuer)
4 - Power REIT (0001532619) (Issuer)
SC 13D/A - Power REIT (0001532619) (Subject)
SC 13D - Power REIT (0001532619) (Subject)
SC 13G/A - Power REIT (0001532619) (Subject)
SC 13G/A - Power REIT (0001532619) (Subject)
SC 13G/A - Power REIT (0001532619) (Subject)
SC 13G - Power REIT (0001532619) (Subject)
SC 13G/A - Power REIT (0001532619) (Subject)
Aegis Capital reiterated coverage of Power REIT with a rating of Buy and set a new price target of $86.00 from $63.00 previously
Aegis Capital initiated coverage of Power REIT with a rating of Buy and set a new price target of $63.00
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
Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results. Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro. Selective Insurance Group shares dipped 14.8% to $85.40 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Augmedix, Inc. (NASDAQ:AUGX) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure. 60 Degrees Pha
Shares of Lands’ End, Inc. (NASDAQ:LE) fell sharply during Wednesday's session following first-quarter results. Lands’ End reported quarterly adjusted loss of 20 cents per share which beat the analyst consensus estimate of 26 cents per share. The company reported quarterly sales of $285.47 million which beat the analyst consensus estimate of $269.82 million, according to data from Benzinga Pro. Lands’ End shares dipped 9.3% to $12.60 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Actelis Networks, Inc. (NASDAQ:ASNS) shares jumped 512% to $2.88 after the company announced orders for cyber-hardened networking technology to be deployed at thr
Shares of Akoustis Technologies, Inc. (NASDAQ:AKTS) fell sharply in today's session following weak quarterly results. Akoustis Technologies posted adjusted loss of 14 cents per share, versus market expectations for a loss of 12 cents per share. Sales came in at $7.510 million missing estimates of $8.553 million, according to data from Benzinga Pro. Akoustis Technologies shares dipped 17.7% to $0.4671 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers GameStop Corp. (NYSE:GME) shares jumped 81.6% to $31.70 amid possible retail investor interest following a social media post by Roaring Kitty. KOSS Corp (NASDAQ:KOSS) rose 49.4% to $4.73 trading a
Shares of JanOne Inc. (NASDAQ:JAN) rose sharply in today's pre-market trading after the company announced plans to acquire ALT 5 Sigma Inc. The deal is projected to close in the week of May 13th. JanOne shares jumped 18.6% to $4.78 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers Tevogen Bio Holdings Inc. (NASDAQ:TVGN) gained 74.7% to $1.72 in pre-market trading after the company announced up to $50 million in financing to further advance operational objectives. Nauticus Robotics, Inc. (NASDAQ:KITT) gained 31.3% to $0.1928 in pre-market trading. Nauticus Robotics is expected to release its first quarter financial and opera
Gainers Vericity, Inc. (NASDAQ:VERY) shares climbed 87.4% to $11.12 after iA Financial Group announced it will acquire the company. POINT Biopharma Global Inc. (NASDAQ:PNT) surged 84.7% to $12.35. Eli Lilly And Co (NYSE:LLY) agreed to acquire POINT Biopharma Global at $12.50 per share in cash, an aggregate of approximately $1.4 billion. ALX Oncology Holdings Inc. (NASDAQ:ALXO) shares jumped 56% to $7.50 after the company released interim Phase 2 data from its ASPEN-06 trial of evorpacept in advanced HER2-positive gastric cancer. SeaStar Medical Holding Corporation (NASDAQ:ICU) gained 53.3% to $0.6398 after jumping 58% on Monday. SeaStar Medical was recently granted Breakthrough Device
Gainers Palisade Bio, Inc. (NASDAQ:PALI) shares jumped 114% to $1.47. Palisade Bio transformed GI-focused pipeline through exclusive worldwide licensing agreement with Giiant Pharma, Inc. for multiple oral drug candidates targeting inflammatory bowel disease. FOXO Technologies Inc. (NYSE:FOXO) gained 51.3% to $0.2164 after the company's FOXO LIFE subsidiary announced an agreement with Atrio, expanding its distribution through Atrio/Singular's sales network. iCoreConnect Inc. (NASDAQ:ICCT) shares climbed 46% to $9.83. iCoreConnect announced new version of its iCoreExchange encrypted HIPAA email and referral network. Marin Software Incorporated (NASDAQ:MRIN) rose 29% to $0.5535 after
On Tuesday, 210 companies reached new 52-week lows. Interesting Points From Today's 52-Week Lows: Enbridge (NYSE:ENB) was the largest firm by market cap to set a new 52-week low. First Wave BioPharma (NASDAQ:FWBI) was the smallest company in terms of market cap to set a new 52-week low. Republic First Bancorp (NASDAQ:FRBK)'s stock came under the most pressure, trading down 37.14% to reach a new 52-week low. Monro (NASDAQ:MNRO)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. The stocks that set new 52-week lows on Tuesday: Enbridge (NYSE:ENB) stock set a new 52-week low of $34.46 on Tuesday, moving down 0.63%. Target (NYSE:TGT) stock hit
During Monday's session, 201 stocks hit new 52-week lows. Facts of Interest About Today's 52-Week Lows: Moderna (NASDAQ:MRNA) was the largest company by market cap to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was Esports Entertainment (NASDAQ:GMBL). Mogo (NASDAQ:MOGO)'s stock fell the most, as it traded down 189.81% to reach a new 52-week low. Boston Omaha (NYSE:BOC) was the most promising stock of the group, with shares actually trading up 0.0% to bounce back after reaching its new 52-week low. During Monday's session, the following stocks set new 52-week lows: Moderna (NASDAQ:MRNA) shares moved down 3.36% on Monday to hit a new
During the Friday's sesion, 157 stocks hit new 52-week lows. Interesting Highlights From Today's 52-Week Lows: Corteva (NYSE:CTVA) was the biggest company on a market cap basis to set a new 52-week low. The smallest company by market cap to hit a new 52-week low was American Rebel Holdings (NASDAQ:AREB). Mullen Automotive (NASDAQ:MULN) made the largest move down on the session, with shares plummeting 815.93% to reach its 52-week low. BNY Mellon Strategic (NYSE:LEO) saw the sharpest rebound, as shares ascended 0.0%, reversing after hiting a new 52-week low. The following stocks created new 52-week lows on Friday: Corteva (NYSE:CTVA) shares hit a yearly low of $52.02. The stock
During Thursday, 35 stocks hit new 52-week lows. Areas of Interest About Today's 52-Week Lows: Vodafone Group (NASDAQ:VOD) was the biggest company on a market cap basis to set a new 52-week low. The smallest company by market cap to set a new 52-week low was TransCode Therapeutics (NASDAQ:RNAZ). Precipio (NASDAQ:PRPO) was the biggest loser, trading down 33.09% to reach its 52-week low. Kiora Pharmaceuticals (NASDAQ:KPRX)'s stock made the biggest bounce back, actually moving up 0.04% shortly after hitting a new 52-week low. Here is a list of stocks that set new 52-week lows on Thursday: Vodafone Group (NASDAQ:VOD) shares reached a new 52-week low of $9.22 on Thursday morning, m