Power REIT Receives Notice Resolving NYSE American Listing Standards Deficiency Old Bethpage, New York, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), today announced that it received a notice from the NYSE American LLC rescinding its letter dated September 3, 2024 (the “Deficiency Letter”). As previously disclosed, the Deficiency Letter stated that the Trust was not in compliance with the continued listing standards of the Exchange because the Trust was below compliance with Section 1003(a)(i) of the NYSE American Company Guide (th...
Power REIT Receives Notice of Non-Compliance with NYSE American Continued Listing Standards Old Bethpage, New York, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), today announced that on September 3, 2024, Power REIT (the “Trust”) received a written notice from the NYSE Regulation (the “NYSE Notice”) of NYSE American LLC (the “Exchange”) stating that the Trust is not in compliance with the continued listing standards of the Exchange because the Trust is below compliance with Section 1003(a)(i) of the NYSE American Company Guide (the...
Power REIT Receives Audit Opinion with Going Concern Explanation Old Bethpage, New York, March 29, 2024 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), today announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2023, which was filed on March 29, 2024 with the Securities and Exchange Commission, the audited financial statements contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Trust’s ability to conti...
Power REIT Announces 2022 Dividend Income Tax Treatment Old Bethpage, NY, Jan. 30, 2023 (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 2022 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200). The Federal income tax classification of the distribution per share on the Company's 7.75% Series A Preferred Stock with respect to the calendar year ended December 31, 2022 is shown in the table below: Record Date Payable Date Total ...
POWER REIT PROVIDES CORPORATE UPDATE STABLE QUARTERLY FFO WITH POTENTIAL FOR SIGNIFICANT INTERNAL GROWTH PROGRESS WITH RESPECT TO MICHIGAN GREENHOUSE CANNABIS LICENSING Old Bethpage, New York, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), with a focused “Triple Bottom Line” strategy and a commitment to people, planet, and profit, is providing information regarding its quarterly financial performance, cannabis licensing at is Michigan greenhouse property and other portfolio updates. The information provided below includes highligh...
Power REIT Provides Quarterly Update Old Bethpage, New York, May 10, 2022 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), with a focused “Triple Bottom Line” strategy and a commitment to people, planet, and profit, today announced that it is has filed its quarterly report for the three months ended March 31, 2022 on Form 10Q with the SEC. The information provided below is an update that includes highlights from its quarterly report and current business activities. FINANCIAL HIGHLIGHTS Three Months Ended March 31, ...
Power REIT Acquires 1.1 Million Square Foot Greenhouse for $9.35 Million First Food Crop Transaction for the Cultivation of Tomatoes Old Bethpage, New York, April 01, 2022 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 1,121,513 square foot Controlled Environmental Agricultural (“CEA”) greenhouse cultivation facility, and associated employee housing property in O’Neill, Nebraska (the “Property”) through a wholly owned subsidiary (“PropCo”) for $9.35 million. Simultaneous with the acquisition, Power REIT ente...
Power REIT Announces Fourth Quarter and Full Year 2021 Results – Net Income Per Share Increased 42% Core FFO Per Common Share Increased 44% Old Bethpage, New York, April 01, 2022 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), with a focused “Triple Bottom Line” strategy and a commitment to people, planet, and profit, today announced that it is providing an update that includes highlights of the Trust’s financial and operating results for the three and twelve months ended December 31, 2021. FINANCIAL HIGHLIGHTS Three Months Ended Decemb...
Power REIT Agrees to Fund Energy Efficiency Improvements at its Greenhouse in York County, Maine. Old Bethpage, New York, March 21, 2022 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has entered into a lease amendment (the “Amendment”) to fund additional capital improvements to its existing greenhouse cultivation property in York County Maine. The approximately 48,000 square-foot facility sits on six acres and is leased to a leading vertically integrated cannabis company in Maine. Pursuant to the Amendment, Power REIT will...
Power REIT Announces 2021 Dividend Income Tax Treatment Old Bethpage, NY, Jan. 28, 2022 (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 2021 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200). The Federal income tax classification of the distribution per share on the Company's 7.75% Series A Preferred Stock with respect to the calendar year ended December 31, 2021 is shown in the table below: RecordDatePayableDateTotalDistribu...
Power REIT Obtains $20 Million Debt Financing Facility to Drive Future Growth Old Bethpage, New York, Dec. 23, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), with a focused “Triple Bottom Line” strategy and a commitment to people, planet, and profit, today announced that it has entered into a debt financing facility with a commercial federally regulated bank (the "Bank") with an initial amount of $20 million (the "Debt Facility"). Power REIT expects to use the Debt Facility proceeds as a growth vehicle to acquire additional greenhouse cultiva...
Acquisitions Drive Significant Year-Over-Year Growth Net Income Per Share Increased 121%Core FFO Per Common Share Increased 94% Old Bethpage, New York, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), with a focused “Triple Bottom Line” strategy and a commitment to people, planet, and profit, today announced that it is providing an update that includes highlights of the Trust’s financial and operating results for the three and nine months ended September 30, 2021. FINANCIAL HIGHLIGHTS Three Months Ended September 30, Nine Mont...
Power REIT Amends Lease to Fund Phase 2 of Greenhouse Improvements at property in Marengo Township, Michigan Old Bethpage, New York, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has finalized a lease amendment (the “Amendment”) to fund additional improvements to its greenhouse cultivation facility in Marengo Township, MI (the “Property”). Pursuant to the Amendment, Power REIT is providing funding for additional improvements to the Property on the same economic terms as the original lease. Power REIT’s capital...
Power REIT Acquires 556,146 Square Foot Cannabis Greenhouse Cultivation and Processing Facility for $18.4 Million in Highly Accretive Transaction The Greenhouse will be the Largest Cannabis Cultivation Facility in Michigan and one of the Largest in the United States Old Bethpage, New York, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has closed on its previously announced greenhouse cultivation facility acquisition in Marengo Township, Michigan (the “Property”) through a wholly owned subsidiary (“PropCo”). ...
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Acquisitions Drive Significant Year-Over-Year Growth Net Income Per Share Increased 148% Core FFO Per Common Share Increased 102% Old Bethpage – New York, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE - AMERICAN: PW and PW.PRA) (“Power REIT” or the “Trust”), Power REIT with a focused “Triple Bottom Line” strategy and a commitment to profit, planet, and people, today announced that it is providing an update that includes highlights of the Trust’s financial and operating results for the three and six months ended June 30, 2021. FINANCIAL HIGHLIGHTS Th...
Power REIT Expands its Colorado Controlled Environment Agriculture Footprint in Highly Accretive Transaction Old Bethpage, New York, June 21, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 10-acre property in Crowley County, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property will include the construction of a 12,000 square foot greenhouse space and 12,880 square feet of support buildings and infrastructure that will be funded by Power REIT for a total capital commitment o...
Power REIT Acquires Greenhouse Cultivation Facility in Budding Oklahoma Market in Highly Accretive Transaction Old Bethpage, New York, June 11, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 9.35-acre property in Craig County, Oklahoma (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property is located in the northeast corner of Oklahoma which offers a favorable growing climate for greenhouse cultivation. As part of the transaction, Power REIT has agreed to fund the renovation of appro...
Power REIT Signs Agreement to Acquire 522,530 Square Foot Greenhouse Cultivation and Processing Facility for $18.5 Million Greenhouse will be Operated as a Michigan Regulated Cannabis Cultivation and Processing Facility and will be the Largest of its kind in Michigan and one of the Largest in the United States Old Bethpage, New York, May 25, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has entered into an agreement to acquire what will be Michigan’s largest greenhouse cannabis cultivation and processing facility (the...
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