Power REIT
Leases railroad and solar infrastructure while selling or re-leasing greenhouse properties.
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Profile
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
Key statistics
Year to date −10.4% · Average volume (30d) 11.4K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | $5.10 | $0.74 | −85.5% | $2.2M | $1.3M | −42.0% | −0.63% |
| May 15, 2026Q1 FY26 | $0.51 | −$0.70 | −237.3% | $2.2M | $480.4K | −78.4% | −4.58% |
| Mar 31, 2026 | $0.99 | −$0.80 | −180.8% | $5.3M | $506.1K | −90.4% | −5.88% |
| Oct 24, 2025 | $0.94 | $0.06 | −93.6% | $5.0M | $513.1K | −89.7% | +8.10% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $480.4K | $1.3M | |
| Gross profit | — | — | — | — | $262.5K | $1.1M | |
| Operating income | — | — | — | — | $89.8K | $904.6K | |
| Net income | — | — | — | — | −$893.3K | $435.5K | |
| Diluted EPS | — | — | — | — | −$29.00 | $0.74 | |
| Gross margin | — | — | — | — | 54.6% | 84.0% | |
| Operating margin | — | — | — | — | 18.7% | 70.1% |
Balance sheet, Jun 30, 2026Cash & short-term investments $3.1M · Total debt $19.7M · Total assets $26.2M · Shareholders' equity $4.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 367.2K · Float 271.8K · 74.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Toor Saquib Fasih | 29.3K | 8.70% | 13G | Aug 10, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Innovative Industrial Properties
Dominant cannabis-property sale-leaseback rival.
- Chicago Atlantic Real Estate Finance
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.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Power REIT | $7.65 | −3.53% | $2.8M | — | 0.4 | 1.0 | +154.5% |
| Innovative Industrial Properties | $56.50 | +0.29% | $1.63B | 12.7 | 14.2 | 6.2 | +0.7% |
| Chicago Atlantic Real Estate Finance | $10.60 | −0.80% | $227.6M | 7.8 | 5.3 | 3.8 | −22.2% |
| Advanced Flower Capital | $3.65 | +1.38% | $82.1M | 18.9 | 5.1 | 3.4 | +68.9% |
| Chicago Atlantic BDC | $10.20 | −0.29% | $233.5M | 7.3 | 6.4 | 4.5 | +33.0% |
| Median | 10.3 | 5.8 | 4.1 | +16.9% |