Power REIT

Power REIT is a holding company, which owns a portfolio of real estate assets related to transportation and energy infrastructure. It also expanded its real estate portfolio related to controlled environment agriculture for the cultivation of food and cannabis. The company was founded on August 26, 2011 and is headquartered in Old Bethpage, NY.

Earnings data Q2 2021

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Old Bethpage, NY, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Power REIT ("Power REIT," "we," "our," or the "Company;" NYSE American: PW and PW.PRA), today announced the estimated Federal income tax treatment of the Company's 2020 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200).

Power REIT Announces 2020 Dividend Income Tax Treatment

Old Bethpage, New York, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has extended the date for the expiration of the closing on the previously announced Rights Offering to February 5, 2021.

Power REIT Announces Extension of Time for Investors to Participate in its Previously Announced Rights Offering

Power REIT saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 97. The post Power REIT Receives IBD Stock Rating Upgrade appeared first on Investor's Business Daily.

Power REIT Receives IBD Stock Rating Upgrade

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The average REIT had a negative monthly return in 7 of the 12 months of 2020, with a 3.48% total return in December. Mid cap (+4.5%) and micro cap REITs (+3.45%) outperformed in December, while small caps (+2.43%) saw smaller gains. 75% of REIT securities had a positive total return in December.

The State Of REITs: January 2021 Edition

Enters into Long-Term Lease with The Apotheke – a Minority Woman-Owned Business

Power REIT Acquires Greenhouse Property for Cannabis Cultivation in Highly Accretive Transaction

Old Bethpage, New York, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it acquired two properties with a total of 4.21 acres in Crowley County, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property is strategically located in a part of southern Colorado that offers a very favorable business setting and climate for greenhouse cultivation.

Power REIT Acquires Property for Greenhouse Cannabis Cultivation in Highly Accretive Transaction

Establishes Subscription Price per Common Share of $26.50

Power REIT Announces Additional Terms for Rights Offering to Existing Common Shareholders to Raise Capital for Acquisitions

Old Bethpage, New York, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it intends to conduct a rights offering (the “Rights Offering”).

Power REIT Announces Rights Offering to Existing Common Shareholders to Raise Capital for Acquisitions

Innovative Industrial Properties

High Flyers: Cannabis REITs have been far-and-away the best-performing property sector for the second year in a row in 2020, soaring more than 150% despite the ongoing pandemic. Marijuana has continued along the seemingly unceasing path towards legalization. After the 2020 election, medical usage is now legal in 35 states while recreational usage is legal in 15 states.

Cannabis REITs: High On Growth

Greystone Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. Greystone is a privately held investment company. The investment firm seeks to simplify and add value by identifying opportunities in good and bad markets. During the third quarter of 2020, returns for separate accounts managed by Greystone Capital ranged from +10.4% to +22.4%. The median account return was +15.8%. You should check out Greystone Capital's top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

Is Power REIT (PW) a Smart Long-term Buy?

Old Bethpage – New York, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Power REIT (NYSE - AMEX: PW and PW.PRA) (“Power REIT or the “Company”) today reported its financial and operating results for the three and nine months ended September 30, 2020.

POWER REIT PROVIDES THIRD QUARTER 2020 FINANCIAL AND OPERATING RESULTS

Old Bethpage, New York, Oct. 16, 2020 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it acquired two parcels in Crowley County, Colorado (the “Properties”) for $150,000 through a wholly owned subsidiary (“PropCo”). The Properties are strategically located in a part of southern Colorado that offers a very favorable business setting and climate for greenhouse cultivation. The parcels are comprised of 2.37 acres and 2.09 acres respectively.

Power REIT Acquires Properties for Cannabis Greenhouse Cultivation and Processing Enters Option to Acquire Additional Land in Highly Accretive Transaction

Tenant Implements State-Of-The-Art Aeroponics Growing System

Power REIT Acquires Property for Greenhouse Cultivation of Cannabis in Highly Accretive Transaction

Old Bethpage, New York, Sept.  18, 2020  (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW) (“Power REIT” or the “Trust”) today announced that it has acquired a 3.0 acre property in York County, Maine (the “505 Property”) for $400,000 through a wholly owned subsidiary (“PropCo”).

Power REIT Acquires Property for Cannabis Processing and Expansion of Existing Property in Highly Accretive Transactions

Power REIT is a REIT specializing in acquiring and managing Controlled Environment Agriculture assets for cannabis growers.

Power REIT: A Differentiated REIT In The Cannabis Space

More Diversified Organization, FFO Growth and Acquisitions Expected to Fuel Future Growth

POWER REIT PROVIDES COMPANY UPDATE

Power REIT Acquires Greenhouse Property for Cannabis Cultivation and Processing in Maine in Highly Accretive Transaction

Old Bethpage, New York, May  01, 2020  (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW) (“Power REIT” or the “Trust”) today announced that it has entered into an agreement for a 5,040 square-foot greenhouse expansion for the cultivation of cannabis at its southern Colorado property (“Maverick 5”), which is owned by a wholly owned subsidiary of the Trust. Power REIT’s investment in the expansion is $340,000 and the lease amendment is structured to provide additional straight-line annual rent of approximately $63,000, representing an estimated yield of over 18%.

Power REIT Expands Greenhouse Property for Cannabis Cultivation and Processing in Colorado

Old Bethpage, New York, March  20, 2020  (GLOBE NEWSWIRE) -- Power REIT (NYSE American: PW) announces that it has completed the acquisition of 5.2 acre property in southern Colorado for the construction of a greenhouse cultivation facility through a wholly owned subsidiary. Power REIT’s total investment will be approximately $1 million and has a lease that provided straight-line annual rent estimated to be approximately $192,000 which translates to an approximate 19% yield.

Power REIT Announces the Acquisition of Greenhouse Property for Cannabis Cultivation and Processing

Power REIT Announces New Investment Focus - Acquires Three Greenhouse Properties for Cannabis Cultivation and Processing

Old Bethpage, NY, Jan.  29, 2020  (GLOBE NEWSWIRE) -- Power REIT ("Power REIT," "we," "our," or the "Company;" NYSE American: PW), today announced the estimated Federal income tax treatment of the Company's 2019 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200).

Power REIT Announces 2019 Dividend Income Tax Treatment

Old Bethpage, NY, Nov.  25, 2019  (GLOBE NEWSWIRE) -- Power REIT (NYSE American: PW) announced that it closed on a $15,500,000 financing to fund acquisitions.

POWER REIT ANNOUNCES CLOSING ON FINANCING

Old Bethpage, NY, Nov.  05, 2019  (GLOBE NEWSWIRE) -- Power REIT (NYSE American: PW) today reported its results for the quarter ended September 30, 2019.

POWER REIT REPORTS THIRD QUARTER 2019 RESULTS

News for Power REIT Stock (PW)