Power REIT (PW)
Leases railroad and solar infrastructure while selling or re-leasing greenhouse properties.
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Generates lease income from railroad infrastructure, solar land and remaining greenhouse properties, plus interest on mortgage receivables. Its active income base is concentrated in a pair of long-term tenants while the greenhouse portfolio is being sold or re-leased.
Collects income through a single consolidated specialty-REIT portfolio: the P&WV railroad property leased to Norfolk Southern, PW Regulus Solar land near Bakersfield, and a controlled-environment-agriculture greenhouse portfolio. It also holds seller-financed mortgage receivables from prior greenhouse sales. Assets and operations are entirely in the United States, spanning the Pennsylvania–West Virginia–Ohio railroad corridor, California solar land and mainly Colorado and California greenhouse sites.
Uses triple-net leasing across the railroad, solar and many original greenhouse properties, putting property-level expenses with tenants when occupied. Management is selling or re-leasing vacant greenhouse sites, collecting mortgage amounts, reducing carrying costs and considering strategic alternatives. Lease income is concentrated in Norfolk Southern and Regulus Solar; vacant cannabis properties remain subject to re-leasing or sale execution, property taxes, tenant regulation and environmental requirements.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.1M · Total debt $19.7M · Total assets $26.2M · Shareholders' equity $4.7M
- Revenue
- $1.3M
- Operating income
- $904.6K
- Net income
- $435.5K
No dividends on record.
| Institutions | 5.18% | 19.0K shares | |
|---|---|---|---|
| 11 holders · as of Mar 31, 2026 | |||
| Insiders | 8.92% | 32.7K shares | |
| 2 holders · as of Aug 10, 2026 | |||
| Strategic holders | 0.46% | 1.7K shares | |
| 1 holder · as of Feb 19, 2026 | |||
| Other | 85.44% | 313.7K shares | |
| remainder | |||
367.1K company shares as of Sep 22, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Toor Saquib FasihInsider | 7.99% | 29,330 | filed Aug 10, 2026 |
Pensionfund DSM NetherlandsInstitution | 2.14% | 78,526 | as of Mar 31, 2026 |
Posner Henry IiiInsider | 0.93% | 3,400 | filed Feb 10, 2026 |
Pensionfund SabicInstitution | 0.82% | 29,948 | as of Mar 31, 2026 |
Renaissance Technologies LLCInstitution | 0.56% | 20,616 | as of Mar 31, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Innovative Industrial Properties
Dominant cannabis-property sale-leaseback rival.
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Cannabis mortgage lender for property-backed capital.
- Advanced Flower Capital
Specialist cannabis lender competing for operator financing.
- Chicago Atlantic BDC
Direct lender to U.S. cannabis middle-market companies.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Power REIT | $6.72 | −2.61% | $2.5M | — | 0.3 | 0.9 | +154.5% |
| Innovative Industrial Properties | $56.22 | +0.10% | $1.63B | 12.7 | 14.4 | 6.2 | +0.7% |
| Chicago Atlantic Real Estate Finance | $10.73 | −0.65% | $230.2M | 7.9 | 5.3 | 3.8 | −22.2% |
| Advanced Flower Capital | $3.52 | +2.03% | $78.7M | 18.2 | 5.0 | 3.2 | +68.9% |
| Chicago Atlantic BDC | $10.38 | +1.10% | $235.1M | 7.4 | 6.5 | 4.5 | +6.8% |
| Median | 10.3 | 5.9 | 4.2 | +3.7% |