Welcome to our dedicated page for Power REIT SEC filings (Ticker: PW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Power REIT filings document the Trust’s REIT operations, property portfolio, securities and governance as a public real estate issuer. Annual and quarterly reports address real estate assets tied to Controlled Environment Agriculture, renewable energy and transportation, along with lease economics, operating results, liquidity, risk factors and audit matters.
Proxy statements and related 8-K reports record annual meeting matters, trustee elections, auditor ratification and shareholder voting results. The filing record also covers capital-structure disclosures for Power REIT’s common shares and 7.75% Series A cumulative redeemable perpetual preferred stock, as well as public-company events such as listing-compliance and going-concern disclosures.
Power REIT (PW) announced that its 2026 Annual Meeting of Shareholders will be held on October 27, 2026, with the record date set as September 11, 2026 for shareholders entitled to notice and to vote. The company states that the 2026 meeting date differs by more than 30 days from the 2025 Annual Meeting held on August 27, 2025, so it is providing updated nomination and proposal deadlines under its bylaws and SEC rules.
Shareholder proposals for inclusion in the proxy materials under Rule 14a-8 must be received by the Secretary by September 15, 2026. For nominations or other business outside the Rule 14a-8 process by a Qualified Shareholder under Section 13 of the bylaws, notice must be delivered by September 24, 2026, following the public announcement of the expected mailing date of the 2026 meeting notice on September 16, 2026.
Power REIT (PW) is asking holders of its 7.75% Series A Preferred Stock to approve a mandatory conversion of each preferred share into 0.5 common shares via an amendment to its Articles Supplementary. This matches the existing maximum optional conversion rate after a prior 10-for-1 reverse split.
If Series A holders approve and common shareholders separately approve a related charter amendment, the Board may, but is not required to, implement the conversion within one year, issuing about 168,472 new common shares. Based on the share counts stated in the filing, those new shares would represent approximately 31.5% of about 535,592 common shares outstanding after conversion. The filing’s narrative states 31.5%, while the adjacent pro forma table reverses the two percentages. Conversion would eliminate the preferreds’ $25.00 liquidation preference and about $6.78 per share of accrued but unpaid dividends in exchange for common equity and potential trading liquidity.
The Board states that, if the Preferred Stock Proposal is not approved, it currently intends to pursue delisting of the Series A Preferred Stock from NYSE American and may also delist and deregister the common shares, citing non-compliance risks with existing and proposed listing standards and the capital-structure “overhang” from the preferred. Delisting and deregistration could move trading to private or OTC venues with significantly reduced liquidity and disclosure.
Power REIT (PW) received an amended Schedule 13D (Amendment No. 7) concerning its Series A Cumulative Redeemable Perpetual Preferred Stock, which has a liquidation preference of $25 per share. A group of reporting persons, including Bradley & Daytona Railway and Land Co. LLC, Alexander Kachmar, and trusts associated with David Cacciapaglia, report that they may be deemed to beneficially own an aggregate of 39,921 Series A Preferred shares.
These 39,921 shares represent approximately 11.85% of the 336,944 Series A Preferred shares outstanding as of June 30, 2026, based on Power REIT’s Form 10-Q. The group reports shared voting power over these shares for specific matters under Section 8 of the Articles Supplementary, while each reporting person retains sole dispositive power over the shares that person or trust beneficially owns.
Power REIT (PW) is soliciting proxies for its 2026 annual shareholder meeting to elect five trustees, ratify MaloneBailey, LLP as independent auditor for 2026, and consider a significant capital-structure change in Proposal 3.
Proposal 3 would amend the Articles Supplementary for the 7.75% Series A Preferred Stock so that, for any future amendment that alters only the Series A Preferred Stock’s contract rights, the Series A holders alone would have voting authority, acting as a separate class, without a further common-shareholder vote. The Board links this flexibility to efforts to "clean up" the capital structure, including a potential future conversion of some or all Series A Preferred into common shares to address NYSE American listing risks, balance sheet equity requirements, and the growing senior liquidation preference from unpaid cumulative dividends. The filing highlights that any such conversion terms are not yet fixed and may be dilutive, and that approval of Proposal 3 requires the affirmative vote of a majority of all outstanding common shares, with abstentions and broker non-votes effectively counting against it.
Power REIT investor Henry Posner III filed Amendment No. 7 updating his ownership in the company’s common stock after a one-for-ten reverse stock split and updated share count disclosures. He may be deemed to beneficially own 34,000 shares of Power REIT common stock, representing 9.3% of the outstanding shares.
This percentage is based on 367,120 shares of common stock outstanding as of August 6, 2026, as reported for the quarter ended June 30, 2026. Posner has sole voting and dispositive power over all 34,000 shares and reports no shared power. The filing states he has not acquired or disposed of Power REIT shares since an earlier amendment.
Power REIT reported modestly improved results for the three and six months ended June 30, 2026 while continuing to reposition its cannabis greenhouse portfolio and reduce leverage. Total assets were $26.2 million, including a $9.2 million railroad direct-financing lease, $9.2 million of solar land and $5.5 million of greenhouse assets classified as held for sale. Cash and cash equivalents increased to $3.1 million from $2.2 million at year-end.
For the quarter, total income rose to $1.29 million from $0.51 million, driven by a sharp increase in other income tied primarily to repayment of a seller-financed mortgage loan. Quarterly net income was $435,548, with $272,341 attributable to common shareholders ($0.74 per share). For the six-month period, net loss attributable to common shareholders narrowed to $784,138 from $1.42 million, aided by a $1.1 million reduction in interest expense after resolution of the greenhouse loan.
Operations remain highly concentrated: for the six months, 96% of lease income came from two tenants, Norfolk Southern Railway and Regulus Solar LLC. The greenhouse portfolio continues to face weak cannabis market conditions, generating limited rent, driving $366,117 of impairment charges and property sales at losses. Property taxes of about $1.33 million on the greenhouse properties are delinquent, and the Series A preferred dividend (about $326,000 for the half year) remains undeclared and cumulative.
Power REIT has a significant holder of its Series A Cumulative Redeemable Perpetual Preferred Stock. Saquib Fasih Toor reports beneficial ownership of 29,330 preferred shares, representing approximately 8.71% of this class, which carries a $25.00 per share liquidation preference.
He has sole voting and dispositive power over 6,183 shares held in individual brokerage accounts and shared voting and dispositive power over 23,147 shares held by his spouse, Dalia Mahmoud. The Series A Preferred was generally non-voting, but because dividends have been suspended since December 2022 and not paid for six quarterly periods, holders gained the right to elect two additional trustees; those voting rights vested on June 15, 2024. The filing is made in connection with this change in voting rights.
Power REIT has appointed Brent Morrison as an independent trustee, effective July 6, 2026. He will serve on the Board of Trustees until the next annual shareholder meeting and until a successor is elected, or earlier resignation or removal under the trust’s governing documents.
Morrison is Chairman, Chief Executive Officer and President of Regional Health Properties, Inc., a publicly traded healthcare company, and brings experience in public company governance, capital markets, financial reporting, strategic planning and corporate finance. The Board determined he meets NYSE American independence requirements, will receive standard non-employee trustee compensation, and has no related-party arrangements or transactions requiring disclosure.
Power REIT’s Series A preferred stockholders led by Bradley & Daytona Railway & Land Co. LLC and Alexander Kachmar have filed Amendment No. 6 to their Schedule 13D. The reporting group may be deemed to beneficially own 39,281 Series A Preferred shares, or about 11.7% of the class, based on 336,944 shares outstanding as of March 31, 2026.
Bradley & Daytona and Alexander Kachmar directly beneficially own 25,970 shares, while D & C Cacciapaglia Living Trust and David Cacciapaglia Family Trust together beneficially own 13,311 shares, which David Cacciapaglia indirectly beneficially owns through these trusts. The group shares voting power over these shares for limited matters related to voting rights under Section 8 of the Articles Supplementary, while each holder retains sole dispositive power over its own shares.
The amendment updates Item 5 (interest in securities) and Item 7 (exhibits), adding detailed transaction information, a joint filing agreement, and a notification to Power REIT’s board about a failure to implement the preferred stockholders’ election of two trustees.
Power REIT investors led by Bradley & Daytona Railway and Land Co. LLC and Alexander Kachmar filed Amendment No. 5 to their Schedule 13D for the Series A preferred stock. They may be deemed to beneficially own 38,717 Series A preferred shares, about 11.5% of the class based on 336,944 shares outstanding as of March 31, 2026.
The group reports shared voting power over these shares on limited matters tied to the Series A Articles Supplementary, while each holder keeps sole dispositive power over its own holdings. Exhibits include detailed recent trading activity and a second notification asking the board to initiate a preferred stockholder election of two trustees.