Quarterly ResultAug 12, 2026, 04:46 PM
Power REIT Q2 Net Income $435.5K; H1 Loss Improves to $(457.7K)
AI Summary
Power REIT reported a net income of $435,548 for Q2 2026, up from $320,913 in Q2 2025, with basic EPS increasing to $0.74. For the first half of 2026, the company's net loss improved to $(457,724) from $(1,092,199) in the prior year period. The company completed a 1-for-10 reverse stock split in June 2026 and sold two properties, recognizing losses and impairment charges.
Key Highlights
- Q2 2026 Net Income increased to $435,548 from $320,913 in Q2 2025.
- Q2 2026 Basic EPS rose to $0.74 from $0.47 in Q2 2025.
- H1 2026 Net Loss improved to $(457,724) from $(1,092,199) in H1 2025.
- H1 2026 Basic EPS improved to $(2.14) from $(4.19) in H1 2025.
- Effected a 1-for-10 reverse stock split on June 2, 2026.
- Sold Vinita cannabis greenhouse property for $315,000, recognizing a $110,000 loss.
- Mav 14 property sold at auction, resulting in a $494,000 total loss.
- Cash and cash equivalents increased to $3,147,494 as of June 30, 2026, from $2,235,306.
Price Impact
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