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 investor Henry Posner III filed Amendment No. 3 to his beneficial ownership report, disclosing a larger holding of the company’s common stock.
He now beneficially owns 326,300 shares of Power REIT common stock, representing 9.6% of the class, based on 3,389,661 shares outstanding as of October 22, 2025. All of these shares are held with sole voting and dispositive power.
The filing states that the shares were acquired in open‑market transactions using Posner’s personal funds, for an aggregate purchase price of approximately $254,044, including brokerage commissions. A detailed list of recent transactions appears in an exhibit to the filing.
Power REIT major shareholder updates ownership in Schedule 13D/A. Henry Posner III now reports beneficial ownership of 254,810 shares of Power REIT common stock. This represents 7.5% of the company’s outstanding common stock, based on 3,389,661 shares outstanding as of October 22, 2025, as disclosed in Power REIT’s recent quarterly report.
The filing states that all reported shares were acquired using Posner’s personal funds, with an aggregate purchase price of approximately $184,558 including commissions. He has sole voting and dispositive power over all 254,810 shares, with no shared control. Recent open-market purchase activity over the past 60 days is summarized in an exhibit, with trades reported in aggregated one-dollar price ranges.
Power REIT’s major investor Henry Posner III has updated his stake in the company’s common stock. In this amended Schedule 13D, he reports beneficial ownership of 211,000 shares of Power REIT common stock, representing 6.2% of the outstanding shares.
The filing states that these 211,000 shares were acquired in the open market for an aggregate purchase price of approximately $141,523, including brokerage commissions, using his personal funds. The 6.2% ownership is calculated based on 3,389,661 shares of common stock outstanding as of October 22, 2025, as disclosed in Power REIT’s recent quarterly report.
Power REIT disclosed that investor Henry Posner III has filed a Schedule 13D reporting beneficial ownership of 171,000 shares of its common stock. This represents 5.0% of the outstanding common shares, based on 3,389,661 shares outstanding as of October 22, 2025 as reported by the company. Posner holds sole voting and dispositive power over all of these shares.
The filing states that the shares were acquired in open-market transactions for an aggregate purchase price of approximately $105,043, funded with his personal funds. Posner bought the stock because he believed it was undervalued and an attractive investment opportunity. He indicates he may, depending on factors such as Power REIT’s financial condition, strategy, board actions, stock price, and market conditions, buy more shares, sell shares, or engage with management, the board, or other shareholders about the company.
Power REIT (PW) filed its Q3 2025 10‑Q, showing a smaller business focused on railroad and solar land after exiting most greenhouse assets. Q3 total revenue was $513,110 and net income was $223,551, or $0.02 per share. For the nine months, revenue reflected stable railroad lease income and lower property expenses, producing a net loss of $868,648, much improved versus last year’s large impairments.
On the balance sheet, total assets were $27,955,657 with total liabilities of $21,737,265 and equity of $6,218,392. Cash was $1,993,495. Assets held for sale fell to $6,406,602 from $24,335,236 as the company sold or transferred greenhouse properties. In April, the lender accepted deeds‑in‑lieu on Michigan and Nebraska greenhouses, eliminating the Greenhouse Loan and resulting in a non‑cash gain of about $1,093,000; interest expense declined accordingly. Q3 operating cash use was $200,693, investing provided $600,113, and financing used $637,511. The company did not declare Series A preferred dividends during the period. Revenue remains concentrated, primarily from Norfolk Southern and Regulus Solar under long‑term arrangements.
Power REIT reported the results of a shareholder vote: each of the four trustee nominees was elected to a one-year term. The filing lists vote tallies for three named trustees—Patrick R. Haynes, III received 1,348,270 votes for, William S. Susman received 1,325,140 votes for, and Dionisio D’Aguilar received 1,349,125 votes for—with additional vote counts shown in the filing including shares withheld or against and a repeated figure of 666,148 (appearing in each row). The submission includes unchecked boxes for specified communication rules and is signed by David H. Lesser in his officer capacities.
Power REIT (PW) Q2-25 10-Q highlights
- Revenue: $506.8k, -2% YoY; 1H-25 $992.6k, -6% YoY.
- Net income: Q2 profit $320.9k (vs. -$19.1m loss); 1H loss narrows to -$1.09m (vs. -$21.2m).
- Drivers: $1.09m non-cash gain from settling the defaulted Greenhouse Loan via deeds-in-lieu of foreclosure offset lower rent and continued property expenses.
- Impairments: $13.6k in Q2 vs. $17.4m prior year; major greenhouse write-offs were recorded in 2024.
- Balance sheet (6/30/25): Assets $27.9m (-40%), Equity $5.95m (-12%), Cash $1.48m (-33% YTD). Long-term debt $20.9m; Greenhouse Loan fully extinguished.
- Liquidity: 1H operating cash outflow $0.68m; only $1.48m cash on hand. Company expects to rely on asset sales, re-leasing, and potential capital raises; ability to use Form S-3 limited until public float >$75m.
- Dividends: No Series A preferred dividends declared; undeclared arrears $0.97/sh.
- Concentration: Two tenants (Norfolk Southern 51%, Regulus Solar 44%) supplied 95% of 1H revenue; CEA portfolio largely non-performing and held for sale ($6.4m book value).
- Going concern: Management cites recurring losses, cash burn and limited liquidity but believes current plans should fund operations 12 months.
Outlook: Focus on disposing non-core greenhouses, stabilizing cash flow from core rail and solar assets, and selective capital raising while monitoring tenant credit and liquidity.