Power REIT

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.

Power REIT announced the appointment of Brent Morrison as an independent trustee to its Board, effective immediately. Mr. Morrison, who also serves as Chairman, CEO, and President of Regional Health Properties, Inc., brings extensive experience in leading small-capitalization public companies, including expertise in governance, capital markets, and corporate finance. The Board believes his leadership and public company experience will provide valuable perspective as the Trust pursues its strategic objectives.

Power REIT announced that its Board of Trustees unanimously approved a one-for-ten reverse stock split of its common stock. The reverse stock split is scheduled to become effective on June 2, 2026, at 5:00 p.m. Eastern Time, with split-adjusted trading commencing on NYSE American on June 3, 2026, under the existing symbol "PW" and a new CUSIP number. Fractional shares will be paid out in cash based on the closing price on June 2, 2026.

Power REIT's Board of Trustees approved a one-for-ten reverse stock split of its common stock, effective June 2, 2026, at 5:00 p.m. Eastern Time. The common stock is expected to begin trading on a split-adjusted basis on NYSE American under the symbol "PW" at market open on June 3, 2026, and has been assigned a new CUSIP number (73933H309). Stockholders who would hold fractional shares will receive cash in lieu thereof. The reverse stock split will not affect any particular stockholder's relative ownership percentage or voting rights, except for de minimis changes from fractional share payments.

Power REIT reported a narrower net loss of $(0.89) million for the first quarter of 2026, an improvement from $(1.41) million in the prior year, with basic loss per common share improving to $(0.29). However, total revenue saw a slight decrease to $480,436. The company recorded an impairment expense of $247,353 and a loss of $493,890 from property sales, including the Mav 14 property. Power REIT faces ongoing liquidity challenges, including delinquent property taxes of approximately $1.31 million on its Greenhouse Portfolio, which could lead to foreclosure, and diminished collections from its CEA portfolio due to market distress.