Bradley & Daytona reports 7.1% Power REIT stake

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.

Rhea-AI Filing Summary

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.

Key Figures

Beneficial ownership: 23,772 shares Ownership percentage: 7.1% Class shares outstanding: 336,944 shares +2 more

5 metrics

Beneficial ownership 23,772 shares Series A Preferred Stock held by reporting person

Ownership percentage 7.1% Portion of Power REIT Series A Preferred Stock class

Class shares outstanding 336,944 shares Series A Preferred Stock outstanding as of March 31, 2026

Sole voting power 23,772 shares Shares over which reporting person has sole voting authority

Sole dispositive power 23,772 shares Shares over which reporting person has sole dispositive authority

Key Terms

Series A Cumulative Redeemable Perpetual Preferred Stock, beneficially own, sole voting power, dispositive power, +1 more

5 terms

Series A Cumulative Redeemable Perpetual Preferred Stock financial

"Title of Class of Securities: Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share"

beneficially own financial

"The Reporting Persons may be deemed to beneficially own 23,772 shares of the Issuer's Series A Preferred Stock"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Voting Power 23,772.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole Dispositive Power 23,772.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Schedule 13D regulatory

"This Amendment No. 3 to ("Amendment No. 2") amends and supplements the originally filed ... on February 25, 2026"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Power REIT (PW) Series A Preferred Stock does Bradley & Daytona own?

Bradley & Daytona Railway & Land Co. LLC reports beneficial ownership of 7.1% of Power REIT’s Series A Preferred Stock. This is based on 23,772 shares out of 336,944 Series A shares outstanding as of March 31, 2026.

How many Power REIT (PW) Series A Preferred shares does Bradley & Daytona hold?

The filing states that Bradley & Daytona beneficially owns 23,772 shares of Power REIT’s Series A Preferred Stock. This stake represents 7.1% of the outstanding Series A Preferred shares as of March 31, 2026.

Does Bradley & Daytona share voting power over its Power REIT (PW) preferred shares?

No. Bradley & Daytona is reported to have sole voting and sole dispositive power over 23,772 Series A Preferred shares. The filing specifies that there is no shared voting or dispositive authority with any other person for these securities.

What is the total number of Power REIT (PW) Series A Preferred shares outstanding?

According to the filing, Power REIT has 336,944 shares of Series A Preferred Stock outstanding as of March 31, 2026. This figure comes from the company’s Form 10-Q for the quarter ended March 31, 2026.

What type of security in Power REIT (PW) is reported in this Schedule 13D/A?

The Schedule 13D/A concerns Series A Cumulative Redeemable Perpetual Preferred Stock with a $25 per share liquidation preference issued by Power REIT. Bradley & Daytona’s ownership and control relate specifically to this preferred class.

What changes does Amendment No. 3 report for Power REIT (PW)?

Amendment No. 3 updates Bradley & Daytona’s Schedule 13D on Power REIT’s Series A Preferred Stock. It restates their 23,772-share, 7.1% position and incorporates a new exhibit listing transactions since Amendment No. 2 filed on April 24, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 05:51 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

Power REIT

(Name of Issuer)

Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share

(Title of Class of Securities)

73933H200

(CUSIP Number)

Alexander Kachmar, Bradley &
Daytona Railway and Land Co. LLC, 5753 Highway 85 N PMB 5974
Crestview, FL, 32536
973-979-1329

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

05/15/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 73933H200

1

Name of reporting person

Bradley & Daytona Railway & Land Co. LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 23,772.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 23,772.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

23,772.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

This Amendment No. 3 to Schedule 13D ("Amendment No. 2") amends and supplements the Schedule 13D originally filed with the U.S. Securities and Exchange Commission (the "SEC") on February 25, 2026 (as amended and supplemented, the "Schedule 13D"), and amends and supplements the Schedule 13D Amendment No. 1 and the Schedule 13D Amendment No.2 originally filed with the SEC on April 24, 2026. Unless otherwise indicated, all capitalized terms used but not defined herein shall have the meanings ascribed to them in the Schedule 13D. This Amendment No. 3 is being filed to make amendments to the Schedule 13D as follows:

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share
(b)	Name of Issuer: Power REIT
(c)	Address of Issuer's Principal Executive Offices: 301 WINDING ROAD, OLD BETHPAGE, NEW YORK , 11804.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Persons may be deemed to beneficially own 23,772 shares of the Issuer's Series A Preferred Stock, representing 7.1% of the Issuer's outstanding Series A Preferred Stock, which is calculated based on 336,944 shares of Series A Preferred Stock outstanding as of March 31, 2026, as disclosed by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 15, 2026.
(b)	The Reporting Persons has sole voting and dispositive power of 23,772 shares of Series A Preferred Stock. The Reporting Person does not share any voting or dispositive power with respect to his ownership of the Series A Preferred Stock.
(c)	The transactions in the Series A Preferred Stock by the Reporting Person since the filing of the Amendment No. 2 to Schedule 13D on April 24, 2026, are set forth in Exhibit 99.A and are incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.A - Transactions in the Issuer's Securities Since the Amendment No. 2 to Schedule 13D Filing on April 24, 2026

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bradley & Daytona Railway & Land Co. LLC

Signature:	/s/ Alexander Kachmar
Name/Title:	Managing Member of Bradley & Daytona Railway and Land Co. LLC
Date:	05/15/2026