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:
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