Power REIT PFD SER A 7.75%
PW-PA
New York Stock Exchange American- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- David H. Lesser
- Full Time Employees
- 2
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- Old Bethpage MD United States of America 11804
- IPO Date
- Mar 24, 2014
- CIK
- 0001532619
- Website
- pwreit.com
- Similar Companies
- Business
- Power REIT (NYSE: PW, PW-PA) operates as a specialized real estate investment trust (REIT) focused on owning, leasing, acquiring, developing, and disposing of real estate assets related to controlled environment agriculture (CEA), renewable energy infrastructure, and transportation. The company owns approximately 112 miles of railroad infrastructure and related real estate through its wholly-owned subsidiary, Pittsburgh & West Virginia Railroad (P&WV), which was the first listed infrastructure REIT recognized by the IRS in the late 1960s; over 447 acres of fee simple land leased to utility-scale solar power projects with 82 megawatts aggregate capacity; and over 239 acres supporting approximately 2.1 million square feet of CEA properties, primarily greenhouses for cannabis cultivation and food production equipped with climate control, irrigation, and security systems. Founded in 1967 and headquartered in Old Bethpage, New York, Power REIT generates revenue primarily through long-term lease agreements, sale-leaseback transactions, and strategic property acquisitions, targeting operators in cannabis, solar, wind, and agricultural sectors across the United States. In recent developments, Power REIT announced the acquisition of strategic land assets to expand its infrastructure portfolio, particularly in renewable energy development, contributing to a significant after-hours share price surge; the company also concluded negotiations for a substantial solar projects deal and reported a rise in operating income in its latest quarterly earnings despite economic challenges. Earlier in 2025, Power REIT sold a vacant cannabis-related greenhouse property in Ordway, Colorado, for $125,000 with seller financing, and in June 2025, it expanded tenant lease agreements including a $625,000 modification; additionally, in January 2024, two subsidiaries sold cannabis-related greenhouses, reflecting portfolio optimization efforts. These moves underscore the company's ongoing strategic shifts toward sustainable real estate expansion amid cannabis market challenges and renewable energy opportunities.