Power REIT Q1 net loss narrows to $893,272; revenue slips 1.1% to $480,436
Power REIT
Power REIT PW | 0.00 |
- Power REIT posted net loss attributable to common shareholders of $1.06 million for quarter ended March 31, 2026, narrowing from $1.58 million a year earlier.
- Revenue edged down to $480,436 from $485,794, with rental income of $215,679 and direct financing lease income of $228,750.
- Other expense rose to $499,197, driven by a $493,890 loss on sale of properties tied to the February 11, 2026 auction of the Mav 14 property.
- Cash, cash equivalents and restricted cash fell to $2.04 million as of March 31, 2026, while accrued property taxes tied to the Greenhouse Portfolio totaled about $1.31 million.
- Management said it is pursuing debt reduction and capital recycling, including selling non-core greenhouse assets and re-leasing vacant properties, while exploring strategic alternatives that may include mergers.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Power REIT published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023524), on May 15, 2026, and is solely responsible for the information contained therein.
