Business
Power REIT 1Q 2026: Revenue $480.4K, Net loss per share (basic) $(0.07) — 10-Q Summary
Power REIT 1Q 2026: Revenue $480.4K, Net loss per share (basic) $(0.07) — 10-Q Summary
About this update from Power Reit (md)
Power REIT reported first-quarter 2026 results with revenue of $480.4K and an improved net loss attributable to common shareholders of $1.06M versus a $1.58M loss a year earlier, while Core FFO per common share (non‑GAAP) narrowed to $(0.07) from $(0.40) in Q1 2025. Financial Highlights Revenue was $480.4K for Q1 2026, down from $485.8K in Q1 2025; YoY change (1.1%). Net income: Net loss attributable to common shareholders was $1,056,479 for Q1 2026, improved from a net loss of $1,576,319 in Q1 2025. Diluted EPS: Diluted EPS not provided; basic weighted average shares 3,672,274. Core FFO per common share (non‑GAAP) was $(0.07) for Q1 2026 versus $(0.40) in Q1 2025. Business Highlights Portfolio composition includes ~112 miles of railroad, ~447 acres of utility-scale solar land (approximately 82 MW) and about 330,000 sq ft of controlled-environment agriculture (CEA) greenhouse space. Revenue concentration remains high: two tenants, Norfolk Southern and Regulus Solar, accounted for roughly 96% of income in Q1 2026. Management continues capital recycling, marketing non-core and underperforming properties and assets held for sale to optimize the portfolio. Greenhouse strategy focuses on reducing carrying costs following an April 2025 lender settlement and pursuing leases or sales of retained greenhouse assets. Operational priorities include improving property performance, re-leasing vacancies and selective acquisitions aimed at boosting cash flow. Original SEC Filing: This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.