Welcome to our dedicated page for Power 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 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.
Power REIT preferred shareholders have formed a coordinated voting group holding about 11.1% of the outstanding Series A Cumulative Redeemable Perpetual Preferred Stock. The group includes Bradley & Daytona Railway & Land Co. LLC, Alexander Kachmar and two Cacciapaglia family trusts.
Because the company has failed to pay dividends on this preferred series for six or more quarters, holders of at least 10% can require a special election to choose two trustees. The group is delivering notice to the Board to initiate this preferred stockholder election, nominating Alexander Kachmar and David Cacciapaglia as trustee candidates, while each party otherwise retains sole dispositive power over its own shares.
Power REIT is implementing a one-for-ten reverse stock split of its common shares. Every ten issued and outstanding common shares will convert into one share at 5:00 p.m. Eastern Time on June 2, 2026, the effective time of the split.
The shares are expected to begin trading on a split-adjusted basis on NYSE American under the symbol PW at the market open on June 3, 2026, with a new CUSIP number 73933H309. No fractional shares will be issued; instead, holders entitled to fractions will receive cash based on the closing price on June 2, 2026, adjusted for the split. The reverse split applies to all outstanding common shares and is designed to maintain relative ownership, voting, and other rights, aside from minor changes from cash payments for fractional shares.
Bradley & Daytona Railway & Land Co. LLC filed Amendment No. 3 to its Schedule 13D, reporting beneficial ownership of 23,772 shares of Power REIT’s Series A Preferred Stock, equal to 7.1% of that class. This percentage is based on 336,944 Series A shares outstanding as of March 31, 2026.
The reporting person holds sole voting and dispositive power over all 23,772 shares and does not share authority with any other party. Recent transactions in these preferred shares since the prior amendment are detailed in an exhibit referenced in the filing.
Power REIT reported another quarterly loss as it continues restructuring its portfolio and balance sheet. For the three months ended March 31, 2026, revenue was $480,436, essentially flat year over year, while net loss narrowed to $893,272 from $1,413,112. The trust recorded a $247,353 impairment on assets held for sale and a $493,890 loss on the Mav 14 property sale. Cash and cash equivalents were $2,036,085 against total debt of $20,329,499 and total liabilities of $21,749,327. An accumulated deficit of $52,777,017 and delinquent greenhouse property taxes of about $1,310,000 leave the remaining greenhouse portfolio exposed to potential tax foreclosure. The company is relying on asset sales, re-leasing efforts and limited at-the-market equity issuance to support liquidity while a previously identified material weakness in internal controls over financial reporting remains unremediated.
Power REIT investor Bradley & Daytona Railway & Land Co. LLC filed Amendment No. 2 to its Schedule 13D for the company’s Series A Cumulative Redeemable Perpetual Preferred Stock, which has a $25 per share liquidation preference. The filing states the investor beneficially owns 20,680 shares, representing 6.1% of this preferred class, with sole voting and dispositive power over all reported shares. This amendment is described as being filed solely to correct the filer entity name on the cover page, without changing the previously reported ownership position.
Bradley & Daytona Railway and Land Co. LLC filed Amendment No. 1 to its Schedule 13D on Power REIT’s Series A preferred stock. The firm reports beneficial ownership of 20,680 shares, equal to 6.14% of the outstanding Series A preferred shares.
The ownership percentage is based on 336,944 Series A preferred shares outstanding as of December 31, 2025, as disclosed in Power REIT’s annual report. Bradley & Daytona reports sole voting and sole dispositive power over these shares. Exhibit 99.A lists the detailed transactions since the original February 25, 2026 filing.
Power REIT reports another loss-making year and heightened liquidity risk for 2025 while restructuring its cannabis-focused greenhouse portfolio. Revenue fell to $2.01 million from $3.05 million, and net loss attributable to common shareholders after impairments was $2.85 million, far smaller than the prior year’s $25.36 million loss.
The trust wrote off about $16.90 million of Nebraska and Michigan greenhouse properties and the remaining $18.00 million Greenhouse Loan, recognizing a non-cash gain of roughly $1.09 million. Cash, cash equivalents and restricted cash were $2.24 million as of December 31 2025, with approximately $760,000 of current loan liabilities and about $1.33 million of delinquent property taxes that could trigger tax foreclosures in 2026.
Management explicitly concludes there is substantial doubt about the trust’s ability to continue as a going concern over the next 12 months, given net losses, greenhouse property expenses and limited capital access. The strategy centers on selling or re-leasing distressed greenhouse assets, recycling capital, reducing leverage, and selectively raising equity through an at-the-market program, while also exploring broader strategic alternatives beyond real estate.
Bradley & Daytona Railway and Land Co. LLC, managed by Alexander Kachmar, has disclosed a new 5.01% beneficial ownership stake in Power REIT's Series A Cumulative Redeemable Perpetual Preferred Stock. They hold 16,884 shares, based on 336,944 preferred shares outstanding as of September 30, 2025.
The investors state they bought the preferred shares because they viewed them as undervalued and an attractive opportunity. They may engage with Power REIT’s management and Board on ways to enhance shareholder value, including potential asset sales, balance sheet recapitalizations, governance changes, board or management additions, and other strategic alternatives.
The filing notes they have sole voting and dispositive power over their shares and may increase or decrease their position in either the preferred or common stock over time, depending on Power REIT’s performance, governance and market conditions.
Power REIT ownership disclosure: Bradley & Daytona Railway and Land Co. LLC reports beneficial ownership of 16,860 shares of Series A Cumulative Redeemable Perpetual Preferred Stock with a stated liquidation preference of $25 per share, representing 5.00% of that class as of 02/18/2026.
The filing names Bradley & Daytona Railway and Land Co. LLC as the holder and shows sole voting and dispositive power over the 16,860 shares. The filing is signed by Alexander Kachmar as Managing Member on 02/19/2026.