Power REIT (A:PW)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 301 Winding Rd
OLD BETHPAGE NY 11804
Tel: N/A
Website: https://www.pwreit.com
IR: See website
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Key People
David H. Lesser
Chairman of the Board of Trustees, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer 		Susan P. Hollander
Chief Accounting Officer 		 
Business Overview
Power REIT (the Trust) is an internally-managed real estate investment trust. The Trust is engaged in the ownership, leasing, acquisition, development, and disposition of special purpose real estate assets. The Trust owns a portfolio of real estate assets related to transportation, energy infrastructure and Controlled Environment Agriculture (CEA) in the United States. It owns its assets through direct and indirect wholly owned and special purpose subsidiaries. The Trust's assets consist of approximately 112 miles of railroad infrastructure and related real estate which is owned by its subsidiary, Pittsburgh & West Virginia Railroad (P&WV), approximately 501 acres of fee simple land leased to a number of utility scale solar power generating projects with an aggregate generating capacity of approximately 88 Megawatts (MW) and approximately 256 acres of land with approximately 2,163,000 square feet of existing or under construction CEA properties in the form of greenhouses.
Financial Overview
For the fiscal year ended 31 December 2023, Power REIT revenues decreased 72% to $2.4M. Net loss applicable to common stockholders increased 1% to $15M. Revenues reflect Rental income decrease of 84% to $1.1M. Higher net loss reflects Interest expense increase of 54% to $2.7M (expense), Depreciation Expense increase of 50% to $2.3M (expense), General and administrative increase of 15% to $1.8M (expense).
Employees: 2 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $44.56M as of Dec 31, 2023
Annual revenue (TTM): $2.36M as of Dec 31, 2023
EBITDA (TTM): -$1.83M as of Dec 31, 2023
Net annual income (TTM): -$15.02M as of Dec 31, 2023
Free cash flow (TTM): -$2.64M as of Dec 31, 2023
Net Debt Last Fiscal Year: $33.52M as of Dec 31, 2023
Shares outstanding: 3,389,661 as of Mar 27, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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