{ "ok": true, "cik": "1532619", "ticker": "PW", "name": "Power REIT", "filings": [ { "form": "DEF 14A", "filed": "2026-09-23", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1532619/000149315226043850/0001493152-26-043850-index.htm" }, { "form": "8-K", "filed": "2026-09-14", "items": [ "5.08 Shareholder Nominations Pursuant to Rule 14a-11" ], "url": "https://www.sec.gov/Archives/edgar/data/1532619/000149315226042610/0001493152-26-042610-index.htm" }, { "form": "10-Q", "filed": "2026-08-12", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1532619/000149315226037387/0001493152-26-037387-index.htm" }, { "form": "8-K", "filed": "2026-07-08", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1532619/000149315226032424/0001493152-26-032424-index.htm" }, { "form": "8-K", "filed": "2026-05-19", "items": [ "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1532619/000149315226024420/0001493152-26-024420-index.htm" }, { "form": "10-Q", "filed": "2026-05-15", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1532619/000149315226023524/0001493152-26-023524-index.htm" } ], "events12m": 3, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001532619.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1532619" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up Power REIT ($PW). Last filing: DEF 14A, 2026-09-23. 3 event filings (8-K) in the past twelve months. Non-reliance (8-K Item 4.02) filed 2024-09-24.", "auditor": { "changes": [], "nonReliance": [ { "filed": "2024-09-24", "url": "https://www.sec.gov/Archives/edgar/data/1532619/000149315224037985/0001493152-24-037985-index.htm" } ], "restatedSince": true }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 2011783, "revenueGrowth1y": -0.3403719824582975, "revenueGrowthPerYear": -0.3016398215881517, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -1.091112709472145, "operatingCashFlow": -68316, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 2235306, "longTermDebt": 20421152, "longTermDebtChange": -0.461039938408944, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 8457914 }, { "fiscalYearEnd": "2022-12-31", "revenue": 8517720 }, { "fiscalYearEnd": "2023-12-31", "revenue": 2222483 }, { "fiscalYearEnd": "2024-12-31", "revenue": 3049875 }, { "fiscalYearEnd": "2025-12-31", "revenue": 2011783 } ], "totalEquity": 5137423, "totalAssets": 26923775, "equityRatio": 0.19081362104682573, "returnOnEquity": -0.42727297323969626, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": 0.1, "dividendYearsRising": 0, "dividendCut": true, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -0.83, "sharesOutstanding": 3413861, "bookValuePerShare": 1.504871756641527, "revenuePerShare": 0.5892984512257529, "range80": { "low": 366410.78700460755, "high": 4442779.076764355, "baseline": 1285294.6663318712, "n": 2483, "band": "b000", "bandLabel": "under $50M", "method": "v4.1", "credibility": 0.625, "growthYears": 6, "ownVolatility": 0.7740620297121789, "classVolatility": 0.3000583276631395, "volatility": 0.6389410310438173 }, "ifPaceHeld": { "low": 366410.78700460755, "high": 4442779.076764355 } }, "edgarette": "🔖 Exposure: revenue $2.0M (FY2025), total debt $20.4M. Experience: revenue down 34.0% on the year, down 30.2% a year over 4 years. Soundness: equity 19.1% of assets, return on equity -42.7%, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $366K and $4.4M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $309K to $5.3M. A range, not a forecast. Against peers (79 filers, $50M+ revenue, real estate investment trusts): growth -34.0% against 3.7%.", "peers": { "sic": 6798, "sicDescription": "Real Estate Investment Trusts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6798", "growth": [ 0.0366, 157 ], "opMargin": [ 0.2474, 79 ], "equityRatio": [ 0.3883, 154 ], "returnOnEquity": [ 0.0254, 128 ], "payoutRatio": [ 1.5128, 81 ] }, "summary": "Power REIT (PW) saw revenue fall 34.0% in FY2025 to $2 million, equity 19.1% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Power REIT against its own record and its peers
Revenue, on the yearPeer median 3.7%-34.0%Equity of assetsPeer median 38.8%19.1%Return on equityPeer median 2.5%-42.7%Gold tick: the median of 128–154 peers with $50M+ revenue in real estate investment trusts
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profitHanded back per share$0.1cut in the latest yearRevenue growth it managed-34.0%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 12, "hits": 10, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-24T14:20:04.467Z", "hash": "6247b8b16d85fbed", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Power REIT (PW) saw revenue fall 34.0% in FY2025 to $2 million, equity 19.1% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 2011783, "totalDebt": 20421152, "cash": 2235306 }, "experience": { "revenueGrowth1y": -0.3403719824582975, "revenueGrowthPerYear": -0.3016398215881517, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -1.091112709472145, "freeCashFlow": null }, "soundness": { "equityRatio": 0.19081362104682573, "returnOnEquity": -0.42727297323969626, "payoutRatio": null, "dividendPerShare": 0.1, "dividendYearsRising": 0, "dividendCut": true, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6798, "sicDescription": "Real Estate Investment Trusts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6798", "growth": [ 0.0366, 157 ], "opMargin": [ 0.2474, 79 ], "equityRatio": [ 0.3883, 154 ], "returnOnEquity": [ 0.0254, 128 ], "payoutRatio": [ 1.5128, 81 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": { "filed": "2024-09-24", "url": "https://www.sec.gov/Archives/edgar/data/1532619/000149315224037985/0001493152-24-037985-index.htm", "restatedSince": true, "markedDown": false }, "auditorChange": null }, "range": { "low": 366410.78700460755, "high": 4442779.076764355, "baseline": 1285294.6663318712, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 2483, "sizeBand": "under $50M", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.625, "growthYears": 6, "ownVolatility": 0.7740620297121789, "classVolatility": 0.3000583276631395, "pricedVolatility": 0.6389410310438173, "k": 3 }, "stress": { "low": 308783.22967490193, "high": 5303373.787813225, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 12, "hits": 10, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-24T14:20:04.467Z", "hash": "6247b8b16d85fbed", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001532619.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1532619" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }