Power REIT swings to Q2 profit of $435,548; revenue rises to $1.29 million

Reuters2026/08/12 20:41

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Power REIT swung to GAAP net income of $435,548 in the quarter ended June 30, 2026, from a loss a year earlier.
Total income more than doubled to $1.29 million, driven by $838,722 of other income tied mainly to a mortgage-loan settlement.
Expenses fell 40.8% to $742,165 on lower interest expense and property costs, partly offset by higher impairment charges.
Tenant concentration remained high, with Norfolk Southern Railway and Regulus Solar providing about 95% of rental and direct financing lease income.
Recent moves included a 1-for-10 reverse stock split and the $315,000 sale of a vacant Vinita, Oklahoma greenhouse property for a roughly $110,000 loss.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Power REIT published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-037387), on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Power REIT swings to Q2 profit of $435,548; revenue rises to $1.29 million

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