Power REIT
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 12, 2026
PW$6.75+0.7%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025
CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended June 30, · Six Months Ended June 30, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2026 · 2025 · 2026 · 2025 | ||||||||
| INCOME | ||||||||
| Lease income from direct financing lease – railroad | $228,750 | $228,750 | $457,500 | $457,500 | ||||
| Rental income | 222,279 | 236,139 | 437,958 | 446,918 | ||||
| Other income | 838,722 | 41,894 | 874,729 | 88,159 | ||||
| TOTAL INCOME | 1,289,751 | 506,783 | 1,770,187 | 992,577 | ||||
| EXPENSES | ||||||||
| Amortization of intangible assets | 56,872 | 56,872 | 113,744 | 113,744 | ||||
| General and administrative | 240,687 | 341,373 | 446,748 | 668,301 | ||||
| Property expenses and taxes | 79,655 | 250,202 | 162,095 | 734,628 | ||||
| Depreciation expense | 6,377 | 20,283 | 17,243 | 22,985 | ||||
| Impairment expense | 118,764 | 13,600 | 366,117 | 13,600 | ||||
| Interest expense | 239,810 | 571,769 | 481,659 | 1,570,677 | ||||
| TOTAL EXPENSES | 742,165 | 1,254,099 | 1,587,606 | 3,123,935 | ||||
| OTHER INCOME/(EXPENSE) | ||||||||
| Loss on sale of properties | (110,473) | (7,628) | (604,363) | (7,628) | ||||
| Gain on extinguishment of debt | - | 1,092,670 | - | 1,092,670 | ||||
| Unrealized loss on marketable securities | (1,565) | (16,813) | (35,942) | (45,883) | ||||
| TOTAL OTHER INCOME/(EXPENSE) | (112,038) | 1,068,229 | (640,305) | 1,039,159 | ||||
| NET INCOME/(LOSS) | 435,548 | 320,913 | (457,724) | (1,092,199) | ||||
| Preferred Stock Dividends | (163,207) | (163,207) | (326,414) | (326,414) | ||||
| NET INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS | $272,341 | $157,706 | $(784,138) | $(1,418,613) | ||||
| Income/(Loss) Per Common Share: | ||||||||
| Basic* | $0.74 | $0.47 | $(2.14) | $(4.19) | ||||
| Diluted* | 0.74 | 0.47 | (2.14) | (4.19) | ||||
| Weighted Average Number of Shares Outstanding: | ||||||||
| Basic* | 367,174 | 338,966 | 367,174 | 338,966 | ||||
| Diluted* | 367,174 | 338,966 | 367,174 | 338,966 | ||||
| Cash dividend per Series A Preferred Share: | $ | - | $ | - | $ | - | $ | - |
| Accumulated undeclared dividend per Series A Preferred Shares: | 0.48 | 0.48 | 0.97 | 0.97 | ||||
| * | On June 2, 2026, the Trust effected a 1 for 10 reverse stock split. All share and per-share amounts in these financial statements have been retroactively adjusted to reflect the reverse stock split for all periods presented. |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.