Power REIT (MD) (PW) News



Power REIT (MD) (PW)

Today's Latest Price: $32.18 USD

0.86 (-2.60%)

Updated Jan 26 8:00pm

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Ranked of 218 in Miscellaneous

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Latest PW News From Around the Web

Below are the latest news stories about Power REIT that investors may wish to consider to help them evaluate PW as an investment opportunity.

Power REIT Announces Extension of Time for Investors to Participate in its Previously Announced Rights Offering

Old Bethpage, New York, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has extended the date for the expiration of the closing on the previously announced Rights Offering to January 29, 2021. David Lesser, Power REIT’s Chairman and CEO, commented, “Power REIT has received significant positive feedback regarding the investor friendly nature of the Rights Offering. In addition, we have received numerous communications expressing concerns about investors not yet receiving the Rights Offering package in the mail or having received it very late. It seems that the mail in the United States may currently be unusually slow whether due to COVID19 or other reasons. Accordingly, we have concluded to push back to January...

Yahoo | January 21, 2021

Power REIT Buys Colorado Greenhouse Property In Lease-Back Deal With The Apotheke

Real estate investment trust Power REIT (NYSE-AMEX: PW ) has purchased a 4.3-acre property in Ordway, Colorado. The property has been leased by The Apotheke, a Minority Woman-Owned Business run by dispensary operator Viviana Fernandez. Power REIT is set to financially support the 21,558 square-foot property — which includes a greenhouse and processing facility — with $1.8 million. At the same time, PropCo signed a 20-year triple-net lease with Apotheke, which runs the cannabis cultivation facility. The Apotheke is obliged to fund all property connected costs, such as … Full story available on Benzinga.com

Benzinga | January 14, 2021

What Does Power REIT's Debt Look Like?

Shares of Power REIT (MD) Common Stock (AMEX:PW) rose by 76.58% in the past three months. Before we understand the importance of debt, let us look at how much debt Power REIT (MD) Common Stock has.Power REIT (MD) Common Stock's Debt According to the Power REIT (MD) Common Stock's most recent balance sheet as reported on October 28, 2020, total debt is at $23.92 million, with $23.33 million in long-term debt and $596.09 thousand in current debt. Adjusting for $7.64 million in cash-equivalents, the company has a net debt of $16.28 million.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securitie...

Yahoo | January 14, 2021

Power REIT Acquires Greenhouse Property for Cannabis Cultivation in Highly Accretive Transaction

Enters into Long-Term Lease with The Apotheke – a Minority Woman-Owned Business Old Bethpage, New York, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it acquired a 4.31-acre parcel in Ordway, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”).The property has been leased by The Apotheke (“Apotheke”), a Minority Woman-Owned Business, which is owned and operated by Ms. Viviana Fernandez, and is one of only a few minority women owned cannabis businesses in Colorado. Ms. Fernandez is a seasoned operator with extensive grower and dispensary expertise.Ms. Fernandez, The Apotheke’s owner and operator, commented, “I am excited to expand my operations and shift my operating focus to Crowley County b...

Yahoo | January 14, 2021

Power REIT (NYSEMKT:PW) Has Rewarded Shareholders With An Exceptional 596% Total Return On Their Investment

We think all investors should try to buy and hold high quality multi-year winners. And we've seen some truly amazing...

Yahoo | January 5, 2021

Power REIT acquires property for greenhouse cannabis cultivation; accretive to FFO

Through a wholly owned subsidiary, Power REIT ([[PW]] +7.0%) acquired two properties with a total of 4.21 acres in Crowley County, Colorado.Under the transaction, Power REIT has agreed to fund the immediate construction of an ~21,732 sq. ft greenhouse and processing facility for ~$1.84M including the land acquisition cost.Alongside, the subsidiary PropCo entered...

Seeking Alpha | January 4, 2021

Power REIT Buys Greenhouse Cannabis Cultivation Property For $1.8M

Power REIT (NYSE-AMEX: PW ) confirmed Monday the acquisition of two properties in Colorado. The move comes months after the purchase of another Colorado property, dubbed Maverick 5. The Old Bethpage, New York-based real estate investment trust obtained a total of 4.21 acres in Crowley County via PropCo, its wholly-owned subsidiary. Under the $1.84 million deal, Power REIT opted to provide funds … Full story available on Benzinga.com

Benzinga | January 4, 2021

Power REIT Acquires Property for Greenhouse Cannabis Cultivation in Highly Accretive Transaction

Old Bethpage, New York, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it acquired two properties with a total of 4.21 acres in Crowley County, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property is strategically located in a part of southern Colorado that offers a very favorable business setting and climate for greenhouse cultivation. As part of the transaction, Power REIT has agreed to fund the immediate construction of an approximately 21,732 square foot greenhouse and processing facility for approximately $1.84 million including the land acquisition cost.Concurrent with the acquisition, PropCo entered into a 20-year “triple-net” lease with The Grail Project LLC (“Grail Proje...

Yahoo | January 4, 2021

Power REIT Announces Rights Offering to Existing Common Shareholders to Raise Capital for Acquisitions

Sets December 28, 2020 as Record DateOld Bethpage, New York, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it intends to conduct a rights offering (the “Rights Offering”). Power REIT is conducting the Rights Offering to offer existing holders of its Common Shares the ability to participate in providing capital to the Power REIT on a non-dilutive basis. The proceeds are intended to be used primarily to finance acquisitions of real property assets, in particular real estate within the Controlled Environment Agriculture (“CEA”) sector, and to fund our subsidiaries. In addition, the proceeds may be used to retire all or a portion of any debt, to redeem any outstanding preferred stock, or for working capital purpose...

Yahoo | December 18, 2020

Potlatch Grows Improved Technical Strength, Earning An IBD Upgrade

In a welcome move, Potlatch saw its Relative Strength Rating rise from 69 to 76 on Thursday. This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to other publicly traded companies. Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.

Yahoo | December 17, 2020



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