Power REIT

Audit Fees

The aggregate fees billed by our independent registered public accounting firm, MaloneBailey, LLP, for professional services rendered for the audit of the Trust’s annual financial statements, review of the financial statements included in the Trust’s Quarterly Reports on Form 10-Q and comfort letter work on Registration Statement on Form S-3 for the fiscal years ended 2025 and 2024 were $242,550 and $201,331, respectively.

Audit-Related Fees

No audit related fees were paid in the fiscal years ended December 31, 2025 or 2024.

Tax Fees

Tax fees consist primarily of fees for tax return preparation and related tax compliance services. The Trust paid MaloneBailey, LLP $14,600 and $14,420 for professional services related to the preparation of the Trust’s tax returns for the fiscal years ended December 31, 2025 and 2024, respectively.

All Other Fees

No other fees were paid in the fiscal years ended December 31, 2025 or 2024.

Audit Committee Pre-Approval of Services to be Provided by Independent Auditor

Our policies and procedures require our Audit Committee to review and approve in advance all engagements for services to be rendered by the Trust’s independent auditors. In the case of any non-audit services proposed to be rendered by the Trust’s independent auditors, that review includes consideration by the Audit Committee as to whether the provision of such services would be compatible with maintaining the auditors’ independence.

All of the engagements for services rendered by the Trust’s independent auditors in the fiscal years ended December 31, 2025 and 2024 by the Trust’s independent auditors were pre-approved by the Audit Committee.