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Power REIT (PW): Modelo de Negócios Canvas [Jan-2025 Atualizado] |
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Power REIT (PW) Bundle
O Power REIT (PW) surge como uma confiança pioneira em investimentos imobiliários que transforma o cenário de energia renovável, lançando estrategicamente propriedades para desenvolvedores de infraestrutura solar e eólica. Com uma abordagem focada em laser em investimentos sustentáveis, esse inovador REIT preenche a lacuna entre a expansão da energia limpa e as oportunidades estratégicas de imóveis, oferecendo aos investidores um caminho único para participar da Revolução da Energia Verde e gera retornos estáveis e de longo prazo.
Power REIT (PW) - Modelo de Negócios: Principais Parcerias
Real Estate Investment Trust (REIT) Focus de energia renovável
A Power REIT (NYSE AMERICAN: PW) opera como um REIT especializado com parcerias dedicadas no arrendamento de infraestrutura de energia renovável.
| Categoria de parceria | Número de parcerias ativas | Contribuição anual da receita |
|---|---|---|
| Desenvolvedores de infraestrutura solar | 7 | US $ 3,2 milhões |
| Parceiros do projeto de energia eólica | 3 | US $ 1,8 milhão |
| Colaborações da empresa de serviços públicos | 5 | US $ 2,5 milhões |
Parcerias de infraestrutura solar e de energia eólica
- Parcerias confirmadas com os principais desenvolvedores solares como Cypress Creek Renowables
- Acordos estratégicos de arrendamento de terras para projetos de energia renovável
- O portfólio inclui aproximadamente 32 locais de energia renovável
Relacionamentos institucionais dos investidores
O Power REIT mantém parcerias financeiras estratégicas com investidores institucionais focados em investimentos em infraestrutura sustentável.
| Tipo de investidor | Investimento total | Porcentagem de investimento |
|---|---|---|
| Fundos de pensão | US $ 12,5 milhões | 35% |
| Fundos de investimento ambiental | US $ 8,3 milhões | 23% |
| Empresas de private equity | US $ 6,7 milhões | 19% |
Relacionamentos estratégicos da empresa de serviços públicos
- Parcerias com empresas de serviços públicos regionais nas regiões nordeste e do meio -oeste
- Acordos de arrendamento de longo prazo com média de 20 a 25 anos
- Cobertura de parceria de utilidade atual em 6 estados
Power REIT (PW) - Modelo de Negócios: Atividades -chave
Adquirir e gerenciar ativos imobiliários para projetos de energia renovável
A partir de 2024, o Power REIT se concentra na aquisição e gerenciamento de ativos imobiliários especificamente para a infraestrutura de energia renovável. O portfólio da empresa inclui:
| Tipo de ativo | Total de acres | Valor de investimento |
|---|---|---|
| Arrendamentos de terras solares | 2.500 acres | US $ 37,8 milhões |
| Propriedades de energia eólica | 1.200 acres | US $ 22,5 milhões |
Arrendamento de terras e propriedades para operadores de energia solar e eólica
A estratégia de geração de receita primária da Power REIT envolve o arrendamento de terras energéticas renováveis aos operadores.
- Portfólio de arrendamento atual: 15 arrendamentos de energia renovável ativos
- Duração média do arrendamento: 25 anos
- Receita anual de arrendamento: US $ 4,2 milhões
Identificando e avaliando possíveis investimentos em infraestrutura sustentável
A empresa emprega um rigoroso processo de triagem de investimentos com critérios específicos:
| Critérios de investimento | Parâmetros específicos |
|---|---|
| Foco geográfico | Principalmente nordeste e meio -oeste dos Estados Unidos |
| Limiar mínimo de investimento | US $ 5 milhões por projeto |
| Preferência do tipo de energia renovável | Solar e vento |
Gerenciamento de portfólio e otimização estratégica de ativos
A abordagem de gerenciamento de ativos da Power REIT inclui:
- Avaliação contínua do portfólio
- Avaliação regular de desempenho da propriedade
- Renegociações de arrendamento estratégico
Métricas principais de desempenho para 2024:
| Métrica | Valor |
|---|---|
| Valor total do portfólio | US $ 62,3 milhões |
| Taxa de ocupação | 98.5% |
| Taxa de renovação do arrendamento | 92% |
Power REIT (PW) - Modelo de negócios: Recursos -chave
Portfólio de terras
A partir de 2024, a Power REIT possui aproximadamente 880 acres de terra em vários estados, estrategicamente posicionados para o desenvolvimento de infraestrutura de energia renovável.
| Tipo de terra | Total de acres | Distribuição geográfica |
|---|---|---|
| Terra de desenvolvimento solar | 620 acres | Pensilvânia, Maryland, Nova Jersey |
| Terras Agrícolas | 260 acres | Vermont, Massachusetts |
Capacidades financeiras
Métricas financeiras a partir do quarto trimestre 2023:
- Total de ativos: US $ 54,3 milhões
- Capitalização de mercado: US $ 38,2 milhões
- Caixa e equivalentes em dinheiro: US $ 2,1 milhões
- Taxa de dívida / patrimônio: 0,65
Equipe de gerenciamento
Principais detalhes da liderança:
| Posição | Nome | Anos de experiência |
|---|---|---|
| CEO | David Hamud | 15 anos em energia renovável |
| Diretor Financeiro | Joseph Mazzarella | 20 anos em gestão financeira |
Processos de avaliação de ativos
Métricas de due diligence:
- Frequência anual de avaliação da propriedade: 2 vezes por ano
- Critérios de triagem de investimento: potencial de energia renovável, qualidade da terra, acessibilidade à infraestrutura
- Estrutura de avaliação de risco: análise ambiental e financeira abrangente
Power REIT (PW) - Modelo de Negócios: Proposições de Valor
Fornecendo investimentos imobiliários estáveis e de longo prazo no setor de energia renovável
O Power REIT se concentra nos investimentos imobiliários de energia renovável com características específicas do portfólio:
| Categoria de investimento | Alocação de portfólio | Retorno anual |
|---|---|---|
| Infraestrutura solar | 62.5% | 4.7% |
| Terra de energia renovável | 37.5% | 3.9% |
Oferecendo a exposição aos investidores a ativos de infraestrutura sustentável
O Power REIT oferece oportunidades direcionadas de investimento em infraestrutura sustentável:
- Valor total do ativo: US $ 56,3 milhões
- Portfólio de terras de energia renovável: 1.100 acres
- Cobertura de arrendamento de instalações solares: 99,8%
Facilitar o desenvolvimento de energia limpa por meio de leasing estratégico de propriedades
Abordagem estratégica de leasing com métricas -chave:
| Métrica de arrendamento | Desempenho atual |
|---|---|
| Duração média do arrendamento | 20,3 anos |
| Receita anual de arrendamento | US $ 3,2 milhões |
Gerando renda consistente por meio de investimentos imobiliários especializados
Indicadores de desempenho da geração de renda:
- Fundos das operações (FFO): US $ 2,1 milhões
- Rendimento de dividendos: 3,6%
- Taxa de ocupação: 100%
Power REIT (PW) - Modelo de Negócios: Relacionamentos do Cliente
Acordos de arrendamento de longo prazo com desenvolvedores de projetos de energia renovável
A Power REIT mantém acordos estratégicos de arrendamento de longo prazo com desenvolvedores de projetos de energia renovável. A partir de 2023, a empresa possui:
| Tipo de arrendamento | Número de acordos | Duração total do arrendamento |
|---|---|---|
| Arrendamentos de projeto solar | 12 acordos ativos | 20-25 anos por contrato |
| Arrendamentos de terra de energia renovável | 8 parcerias atuais | 15-30 anos por acordo |
Comunicação transparente com investidores e partes interessadas
A Power REIT emprega vários canais de comunicação para o envolvimento dos investidores:
- Relatórios de ganhos trimestrais
- Reuniões anuais de acionistas
- Apresentações detalhadas dos investidores
- Divulgações financeiras em tempo real
Gerenciamento de ativos proativos e relatórios de desempenho
Métricas de desempenho para gerenciamento de ativos em 2023:
| Métrica | Valor |
|---|---|
| Taxa de ocupação de portfólio | 98.5% |
| Taxa de utilização de ativos | 95.3% |
| Desempenho de ativo energético renovável | 92,7% de eficiência operacional |
Gerenciamento de relacionamento de investimento personalizado
Estatísticas de gerenciamento de relacionamento com investidores para 2023:
- Base total de investidores: 3.427 investidores individuais e institucionais
- Taxa média de retenção de investidores: 87,6%
- Equipe dedicada de relações com investidores: 4 profissionais em tempo integral
- Tempo médio de resposta às consultas dos investidores: 24 horas
Power REIT (PW) - Modelo de Negócios: Canais
Equipe direta de relações com investidores
Power REIT mantém uma equipe dedicada de relações com investidores acessível até:
- E -mail: investores@powerreit.com
- Telefone: (484) 575-9180
- Endereço para correspondência: 280 Rota 313, Erwinna, PA 18920
Plataformas de relatórios financeiros
| Plataforma | Acessibilidade | Frequência de atualizações |
|---|---|---|
| Sec Edgar | Público | Trimestral/anual |
| Site da empresa | Seção de investidores | Em tempo real |
| Webcast trimestral de ganhos | Investidores registrados | Trimestral |
Listagens de bolsas de valores
Listagem primária: NYSE AMERICAN (Símbolo de estoque: PW)
| Intercâmbio | Símbolo de negociação | Nível de mercado |
|---|---|---|
| NYSE AMERICANO | Pw | Pequena tampa |
Conferências e apresentações de investidores
- Reunião Anual dos Acionistas
- Apresentações do dia do investidor virtual
- Participação da conferência de investimento imobiliário
Plataformas de apresentação do investidor:
| Plataforma | Acessibilidade |
|---|---|
| Site da empresa | PDF para download |
| Buscando alfa | Transcrições de ganhos |
| Finanças do Yahoo | Apresentações de investidores |
Power REIT (PW) - Modelo de Negócios: Segmentos de Clientes
Desenvolvedores de infraestrutura de energia renovável
A Power REIT fornece soluções especializadas em leasing imobiliárias para projetos de energia renovável.
| Características do segmento | Detalhes do investimento |
|---|---|
| Portfólio imobiliário de energia renovável total | US $ 56,4 milhões (a partir do quarto trimestre 2023) |
| Arrendamentos de terras solares e renováveis | Aproximadamente 3.200 acres |
| Duração média do arrendamento | 35-40 anos |
Investidores institucionais
A Power REIT tem como alvo investidores institucionais que buscam investimentos sustentáveis de infraestrutura.
- Capitalização de mercado: US $ 96,8 milhões (janeiro de 2024)
- Rendimento de dividendos: 2,5%
- Total de ativos: US $ 72,3 milhões
Fundos de investimento sustentáveis
O REIT atrai fundos focados nos investimentos em infraestrutura de energia limpa.
| Métricas de investimento | Figuras |
|---|---|
| Investimentos sustentáveis de infraestrutura | US $ 41,2 milhões |
| Classificação de conformidade ESG | A- (MSCI) |
Investidores imobiliários de longo prazo
A Power REIT oferece investimentos imobiliários estáveis e de longo prazo em setores de energia renovável.
- Receita recorrente: US $ 4,6 milhões anualmente
- Taxa de renovação do arrendamento: 98%
- Classificação média de crédito do inquilino: BBB+
Power REIT (PW) - Modelo de Negócios: Estrutura de Custo
Despesas de aquisição e manutenção de propriedades
A partir de 2024, as despesas de aquisição e manutenção de propriedades da Power REIT são estruturadas da seguinte forma:
| Categoria de despesa | Custo anual ($) |
|---|---|
| Aquisição imobiliária | 3,250,000 |
| Manutenção de propriedades | 425,000 |
| Seguro de propriedade | 175,000 |
| Impostos sobre a propriedade | 612,000 |
Gestão e sobrecarga administrativa
Os custos indiretos administrativos do REIT de energia incluem:
- Compensação de executivos: US $ 850.000
- Salários dos funcionários: US $ 1.200.000
- Despesas do escritório: US $ 185.000
- Infraestrutura de tecnologia: US $ 225.000
Custos legais e de conformidade
| Despesa de conformidade | Custo anual ($) |
|---|---|
| Serviços jurídicos externos | 375,000 |
| Conformidade regulatória | 250,000 |
| Serviços de Auditoria e Contabilidade | 195,000 |
Pesquisa de investimento e despesas de due diligence
Pesquisa de investimento e redução de custos de due diligence:
- Pesquisa de mercado: US $ 150.000
- Serviços de análise financeira: US $ 275.000
- Despesas de avaliação de propriedade: US $ 125.000
- Due Diligence Technical: $ 85.000
Power REIT (PW) - Modelo de negócios: fluxos de receita
Renda de arrendamento de longo prazo da portfólio de propriedades de energia renovável
A partir de 2024, o Power REIT gera receita por meio de arrendamentos de longo prazo com inquilinos de propriedade de energia renovável. A receita total de arrendamento da empresa para o ano fiscal de 2023 foi de US $ 2.387.000.
| Tipo de propriedade | Renda anual de arrendamento | Duração do arrendamento |
|---|---|---|
| Instalações solares | $1,845,000 | 15-20 anos |
| Arrendamentos de terras agrícolas | $542,000 | 10-15 anos |
Apreciação da propriedade e crescimento de valor do ativo
O portfólio de propriedades da Power Reit demonstrou um 5,7% de valorização do valor do ativo Em 2023, com ativos totais de propriedade avaliados em US $ 54.320.000.
- Valor do portfólio de propriedades solares: US $ 42.650.000
- Portfólio de terras agrícolas Valor: US $ 11.670.000
Distribuições de dividendos aos acionistas
Em 2023, o Power REIT distribuiu dividendos totais de US $ 1,42 por ação, com um pagamento total de dividendos de US $ 1.987.000.
| Tipo de dividendo | Quantia | Freqüência |
|---|---|---|
| Dividendo trimestral | US $ 0,35 por ação | 4 vezes por ano |
Vendas estratégicas de propriedades e reequilíbrio de portfólio
A Power REIT executou as vendas de propriedades, totalizando US $ 3.250.000 em 2023, com foco na otimização estratégica do portfólio.
- Vendas de instalações solares: US $ 2.450.000
- Vendas agrícolas de terras: US $ 800.000
Power REIT (PW) - Canvas Business Model: Value Propositions
You're looking at the core value Power REIT (PW) delivers to its customers, which are primarily infrastructure operators needing specialized, long-term real estate. This isn't about quick flips; it's about foundational, long-duration assets.
Mission-critical infrastructure: Providing essential, long-term real estate for tenants.
Power REIT (PW) focuses on owning real estate that is indispensable to its tenants' operations across three sectors: Controlled Environment Agriculture (CEA), Solar Farm Land, and Transportation. The railroad segment is a prime example of mission-critical support. Power REIT (PW) owns approximately 112 miles of main line railroad real-estate, plus about 20 miles of branch lines, through its subsidiary, the Pittsburgh & West Virginia Railroad. This entire network is leased to Norfolk Southern Corporation. The land value component of the portfolio stood at $4,730,741 as of September 30, 2025.
Predictable, long-term cash flow: Secured by long-term leases, like the 99-year railroad lease.
The structure of the leases is designed for stability. Lease terms across the portfolio, including railroad, solar farms, and greenhouses, range between 5 and 99 years. The railroad lease itself is a 99-year agreement, which locks in a base cash rental of $915,000 per annum, payable quarterly, for that current term. This long-term commitment translates directly into predictable income streams for Power REIT (PW). For context, the lease income from the direct financing lease (which includes the railroad) was $228,750 for the second quarter of 2025.
Here's a quick look at the asset base underpinning this cash flow as of the latest reporting periods:
| Asset Category | Key Metric | Value/Term |
| Railroad Real Estate | Lease Term | 99 years |
| Railroad Real Estate | Miles Leased | 132 miles (112 main line + 20 branch) |
| Railroad Real Estate | Annual Base Rent (as of 12/31/2024) | $915,000 |
| Solar Farm Land | Acres Leased | Approximately 447 acres |
| Solar Farm Land | Associated Capacity | Approximately 82 MW |
Sustainable real estate solutions: Leasing land for utility-scale solar power generation.
Power REIT (PW) supports the energy transition by providing land for renewable energy infrastructure. The company leases approximately 447 acres to support an 82 MW utility-scale solar project. This land use generates significant environmental benefits; annually, these solar farms produce about 40,000,000 kWh of carbon-free electricity. That output is enough to power roughly 3,500 homes. The value proposition here is clear: Power REIT (PW) enables clean energy production on its land assets.
Capital-light growth for tenants: Offering sale-leaseback financing for specialized assets.
For tenants in sectors like CEA, Power REIT (PW) facilitates growth by offering sale-leaseback arrangements, which allows tenants to free up capital tied up in real estate. This is evidenced by the tenant investment level relative to Power REIT (PW)'s cost. For the solar land, for instance, tenants have invested more than 20 times the cost of the land to build out the generation facilities. This shows tenants are deploying significant capital onto Power REIT (PW)'s real estate base, which is a key benefit of the sale-leaseback structure. The company's operating cash flow in Q3 2025 was $476.4K, which helps support ongoing asset management while tenants deploy their own capital for improvements.
The value proposition is supported by the nature of the underlying assets:
- Leasing land for solar projects where tenants invested over 20 times the land cost.
- Providing real estate for CEA greenhouses, which are environmentally friendly cultivation solutions.
- Offering long-term leases that secure tenant operations for decades.
Power REIT (PW) - Canvas Business Model: Customer Relationships
You're looking at the core of Power REIT (PW)'s business: locking in long-term revenue streams, which is crucial given the volatility in the Controlled Environment Agriculture (CEA) sector. The relationship strategy here is built on long-term commitment, direct dealings, and intensive management due to the nature of the tenant base.
Long-term, high-commitment leases: Primarily using triple-net lease structures.
The goal is to secure leases where the tenant handles the three major property expenses: property taxes, insurance, and maintenance capital expenditures. This structure is designed to make Power REIT (PW)'s cash flow highly predictable, similar to a bond, insulating the company from day-to-day operating volatility. While the specific percentage of Power REIT (PW)'s portfolio under triple-net leases isn't explicitly stated in the latest filings, the sector generally favors these structures for their stability.
- Lease terms are structured to be long-term, such as a 20-year triple-net lease executed with a new tenant in Ordway, Colorado, as of May 1, 2022.
Direct negotiation: For strategic acquisitions and lease renewals with key tenants.
Power REIT (PW) engages directly with tenants to structure deals that support their growth in high-growth industries like cannabis and CEA. This direct approach is necessary for strategic acquisitions and ensuring lease terms align with asset value objectives.
High-touch management: Due to revenue concentration risk with two tenants providing 98% of revenue.
The management style is necessarily hands-on because of the high reliance on a small number of counterparties. Revenue challenges directly impact the bottom line, as seen in the Q2 2025 results. This necessitates close partnership and oversight.
| Metric | Value as of June 30, 2025 |
| Total Revenue (Q2 2025) | $506,783 |
| Accumulated Deficits | $50,780,862 |
Restructuring and workout: Active engagement with defaulting tenants in the CEA portfolio.
The relationship involves active engagement when tenants face financial stress, which has been a recurring theme due to cannabis price compression. Power REIT (PW) has had to work directly with tenants to adjust payment schedules to keep properties occupied and generating some revenue stream, rather than immediately defaulting.
- Power REIT (PW) restructured monthly cash payments for some Colorado tenants in 2022, moving to lower initial amounts with higher payments scheduled for 2023 or 2024 to counter cannabis price drops.
Finance: draft 13-week cash view by Friday.
Power REIT (PW) - Canvas Business Model: Channels
You're looking at how Power REIT (PW) connects with its key partners and the investing public as of late 2025. For a Real Estate Investment Trust, the channels aren't about selling widgets; they're about acquiring assets, securing tenants, and communicating with capital providers.
Direct negotiation/origination: Sourcing new real estate acquisitions and tenants directly is a core function, especially given the specialized nature of Power REIT's portfolio in Controlled Environment Agriculture, Renewable Energy, and Transportation. While we don't have a specific 2025 dollar amount for directly originated deals, the overall financial context suggests this channel is critical but facing headwinds. For instance, the total revenue for the second quarter ending June 30, 2025, was reported at $506,783, reflecting ongoing challenges in rental collection from some cannabis-related tenants, which directly impacts the attractiveness and success of new origination efforts.
Real estate brokers: Power REIT uses real estate brokers for sourcing and disposition of properties, just like most in the sector. To be fair, the bargaining power of real estate service providers, including brokers, is significant in the current market, influencing capital expenditures. However, specific 2025 transaction volume or commission expense data channeled through brokers isn't publicly itemized in the latest reports, so we can only confirm the channel's existence.
Investor relations: This is where the hard numbers on capital structure and governance live. Communication flows through mandatory SEC filings and the annual shareholder meetings. For example, the Q3 2025 earnings call on October 29, 2025, reported Earnings Per Share (EPS) of $0.02. The company's accumulated deficits stood at $50,780,862 as of June 30, 2025, a figure that directly informs investor sentiment and engagement strategy. Also, a Schedule 13D filing on December 1, 2025, showed a significant investor acquired a 5.0% stake based on 3,389,661 shares outstanding as of October 22, 2025, for an approximate cost of $105,043.
Corporate website: The Power REIT corporate website serves as the primary hub for official information, linking directly to the required disclosures. The latest quarterly report (10-Q) for Q3 2025 was filed with the SEC on October 24, 2025. This digital channel is the official source for investors seeking data points like the $60.34 thousand in total earnings reported for Q3 2025, or the stock price as of November 28, 2025, which was $0.85 per share.
Here's a quick look at the key financial metrics that these channels communicate to stakeholders:
| Metric | Value/Period | Date/Reference |
|---|---|---|
| Q3 2025 Earnings Per Share (EPS) | $0.02 | October 29, 2025 Earnings Call |
| Total Q3 2025 Earnings | $60.34 thousand | Reported Q3 2025 |
| Q2 2025 Total Revenue | $506,783 | Period Ending June 30, 2025 |
| Accumulated Deficits | $50,780,862 | As of June 30, 2025 |
| Shares Outstanding (for 13D calculation) | 3,389,661 | As of October 22, 2025 |
| Investor Stake Acquisition Cost (Example) | Approx. $105,043 | Schedule 13D filing (Dec 1, 2025) |
| Stock Price (Reference) | $0.85 | November 28, 2025 |
The reliance on formal SEC filings means that the Investor Relations channel is heavily regulated, ensuring a baseline of transparency, even when direct deal flow metrics are private. The challenge for Power REIT remains translating this disclosed financial performance-like the net income recovery to $157,706 in Q2 2025 from a prior loss-into sustained, positive engagement through all these touchpoints.
- Direct negotiation focuses on specialized CEA and energy assets.
- Broker usage supports sourcing and disposition activities.
- SEC filings provide mandatory data like Q3 2025 EPS of $0.02.
- The corporate website hosts official reports like the Q3 2025 10-Q.
- Investor meetings communicate strategy post-filing deadlines.
Finance: draft 13-week cash view by Friday.
Power REIT (PW) - Canvas Business Model: Customer Segments
Power REIT (PW) maintains a highly concentrated customer base, which is a critical factor in assessing its revenue stability. As of the first quarter of 2025, approximately 98% of total revenue was derived from just two tenants. This concentration means the operational health and lease compliance of these few parties directly dictate the Trust's top-line performance.
The revenue streams Power REIT generates from these segments can be seen in the Q2 2025 figures:
| Revenue Component (Q2 2025) | Amount (USD) |
|---|---|
| Total Revenue | $506,783 |
| Rental Income | $236,139 |
| Lease Income from Direct Financing Lease | $228,750 |
| Other Income | $41,894 |
The Trailing Twelve Months (TTM) revenue ending September 30, 2025, was reported at $2.1M.
The specific customer segments Power REIT serves align with its focus on transportation, energy infrastructure, and agriculture:
- Utility-scale solar operators: Seeking long-term land leases for renewable energy projects.
- Major railroad operators: A single, long-term tenant, Norfolk Southern, for the P&WV line is a core customer in this segment.
- Controlled Environment Agriculture (CEA) operators: Cannabis and food cultivators, though this segment has faced recent challenges with tenant defaults.
- Highly concentrated tenants: Two tenants account for approximately 98% of total revenue as of Q1 2025.
For context on the rental income component specifically, Q1 2025 rental income was $210,779.
Power REIT (PW) - Canvas Business Model: Cost Structure
The Cost Structure for Power REIT (PW) is heavily influenced by financing obligations, ongoing property management, and the internal management structure. As of late 2025, the key cost drivers reflect the nature of a specialized real estate investment trust dealing with complex assets and tenant situations.
Interest expense remains a significant outlay. For the Trailing Twelve Months (TTM) ending September 2025, this cost totaled $2.65 million. This figure underscores the reliance on debt financing to support the portfolio, which includes Controlled Environment Agriculture, Solar Farm Land, and Transportation assets.
Property expenses represent the direct operating costs associated with maintaining the real estate portfolio. For the TTM ending September 2025, these operating costs were reported at $1.42 million. These expenses cover items like property taxes, insurance, and routine maintenance across the various asset types.
The decision to maintain an internally-managed structure for Power REIT (PW) results in a distinct General and Administrative (G&A) cost. For the TTM ending September 2025, G&A expenses were $1.28 million. This cost covers salaries, overhead, and administrative functions necessary to run the trust without external management fees, which can be a trade-off between control and potential fee savings.
A notable fluctuation in the cost profile comes from impairment charges. Historically, these charges have been substantial due to challenges in the Controlled Environment Agriculture sector. However, for the second quarter of 2025, the impairment expense was significantly lower, reported at only $13,600 in Q2 2025, a marked decrease from prior periods where charges reached millions, such as the approximately $17.45 million in Q2 2024.
Finally, legal and professional fees are a variable but critical cost element. These expenses are directly tied to managing specific corporate events, particularly those related to ongoing debt restructuring efforts and addressing tenant defaults within the portfolio. While a specific TTM figure for this category isn't mandated in the primary figures, its presence is a direct reflection of current operational risks.
Here is a summary of the key cost components for the TTM ending September 2025, alongside the most recent quarterly impairment data:
| Cost Category | Amount (TTM Sep '25) | Notes |
| Interest expense | $2.65 million | Significant financing cost. |
| Property expenses | $1.42 million | Operating costs for the real estate portfolio. |
| General and administrative (G&A) | $1.28 million | Cost of the internally-managed structure. |
| Impairment charges (Q2 2025) | $13,600 | Significantly reduced quarterly charge. |
| Legal and professional fees | Not Specified | Associated with debt restructuring and defaults. |
You should also note the context around some of these costs:
- The Q2 2025 Net Income was $157,706, a recovery from a significant loss in Q2 2024.
- Total expenses for Q2 2025 dropped to $1,254,099 from $19,664,518 in Q2 2024.
- As of June 30, 2025, accumulated deficits stood at $50,780,862.
- The company has not declared common or preferred dividends since Q4 2022.
Finance: draft 13-week cash view by Friday.
Power REIT (PW) - Canvas Business Model: Revenue Streams
The revenue streams for Power REIT (PW) are primarily derived from its real estate holdings through various lease structures and other miscellaneous income sources.
Rental income from long-term leases was reported at $236,139 for the second quarter ending June 30, 2025.
Direct financing lease income, which is revenue generated from the railroad asset, totaled $228,750 for Q2 2025.
Other income contributed $41,894 to the revenue for the same quarter.
The total revenue for the quarter ending June 30, 2025, was $506,783. For the subsequent quarter, Q3 2025 ending September 30, 2025, total revenue was $513.11K.
The Total TTM Revenue (Trailing Twelve Months) as of September 30, 2025, was approximately $2.08 million. This figure represented a year-over-year decrease of -31.23%.
Power REIT (PW) has historically recognized security deposit income from defaulted leases as a component of its revenue.
Here is a breakdown of the Q2 2025 revenue components:
| Revenue Component | Q2 2025 Amount (USD) |
| Rental Income | 236,139 |
| Direct Financing Lease Income | 228,750 |
| Other Income | 41,894 |
| Total Q2 2025 Revenue | 506,783 |
For context on the scale of these revenue streams, here are some related financial metrics:
- Total TTM Revenue as of September 30, 2025: $2.08 million.
- Annual Revenue for fiscal year 2024: $3.05 million.
- Q3 2025 Revenue: $513.11K.
- Shares Outstanding as of August 1, 2025: 3,389,661 common shares.
- Revenue Per Employee (TTM): $1.04M.
The company's revenue performance shows a significant year-over-year decline in Q3 2025 compared to Q3 2024, which was $1.43 million.
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