Power REIT (PW) Form 10-Q — May 15, 2026
Power REIT reported a net loss of $893,000 for the quarter ended March 31, 2026, driven by a $494,000 loss on the sale of a greenhouse property and $247,000 in impairment charges, though this represents an improvement from the prior year's $1.4 million loss. The company faces significant liquidity and operational headwinds, including $1.31 million in delinquent property taxes on its greenhouse portfolio that risk tax foreclosure, and $2.285 million in unpaid cumulative dividends on its Series A Preferred Stock.
Key figures
- Revenue
- 480436
- Total Debt
- 19900000
- Cash Position
- 2036085
- Impairment expense
- 247353
- Shares outstanding
- 3672274
- Loss on sale of property
- 493890
- Delinquent property taxes
- 1310000
- Unpaid preferred dividends
- 2285000
Price after filing
Close on the filing date to close N calendar days later (from $0.61). Historical, not a forecast.
AI analysis
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