Friday 6 November 2026
Export PW’s income statement to Excel — free account
Power REIT
Power REIT’s revenue for fiscal 2025 (year ended December 2025) was $2.0 million, down 34.0% from fiscal 2024.
- Revenue
- +154.5%
- EPS
- +48.0%
- Free cash flow
- +1,329.8%
- Total debt
- −3.62%
Quarter to June 2026, against a year earlier
6.51
0.20
−2.98%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2 | 2 | 2 | 2 | 4 | 8 | 9 | 2 | 3 | 2 | 3 | +0.2% | — | — | — | — | |
| Gross margin, % | 99.31 | 98.85 | 98.89 | 98.98 | 99.36 | 99.69 | 89.69 | 79.41 | 34.54 | 51.92 | 85.85 | (47.4) pt | ||||||
| EBT | 0 | 1 | 1 | 1 | 2 | 5 | (14) | (14) | (25) | (2) | (2) | n/m | ||||||
| EBT margin, % | 12.51 | 36.25 | 42.48 | 43.42 | 50.83 | 60.82 | (167.34) | (646.37) | (810.21) | (109.11) | (55.95) | (121.6) pt | ||||||
| Net income | 0 | 1 | 1 | 1 | 2 | 5 | (14) | (14) | (25) | (2) | (2) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 11.16 | 10.95 | 10.68 | 11.65 | 22.36 | 26.61 | 25.22 | 6.56 | 9.00 | 5.89 | 7.60 | (6.9%) | |||||
| Earnings | (0.20) | 2.40 | 3.00 | 3.56 | 9.60 | 14.10 | (44.10) | (44.30) | (74.80) | (8.30) | (6.26) | +51.3% | ||||||
| Cash flow | 5.00 | 5.82 | 6.85 | 7.33 | 15.47 | 25.18 | 20.25 | (7.74) | (4.11) | (0.20) | 4.14 | n/m | ||||||
| Capex | 0.00 | 0.00 | 0.00 | (9.61) | (64.47) | (132.46) | (62.03) | 15.42 | 3.75 | 0.00 | 1.65 | n/m | ||||||
| Free cash flow | 5.00 | 5.82 | 6.85 | (2.28) | (48.99) | (107.29) | (41.78) | 7.69 | (0.36) | (0.20) | 5.79 | n/m | ||||||
| Book value | 41.15 | 43.74 | 47.05 | 51.14 | 61.32 | 156.77 | 105.38 | 90.77 | 19.92 | 15.05 | 12.78 | (10.6%) | ||||||
| Shares, m | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +7.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 24.80 | 18.06 | 22.50 | 27.54 | 49.56 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.2 | |||||
| P/S | 7.04 | 5.66 | 5.24 | 7.73 | 11.95 | 25.89 | 1.55 | 1.02 | 1.48 | 1.48 | 0.88 | 6.9 | ||||||
| P/B | 1.91 | 1.42 | 1.19 | 1.76 | 4.36 | 4.39 | 0.37 | 0.10 | 0.00 | 0.00 | 0.00 | 1.6 | ||||||
| EV/Sales | 11.85 | 10.07 | 9.19 | 11.63 | 16.21 | 28.25 | 5.54 | 15.25 | 13.01 | 10.30 | 6.80 | 13.1 | ||||||
| EV/FCF | (20.89) | (21.00) | (24.56) | 14.49 | (7.40) | (7.01) | (3.34) | 16.84 | (323.45) | 25.29 | 8.93 | (35.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 1 | 1 | 1 | 1 | 3 | 8 | 7 | (3) | (1) | 0 | 2 | n/m | |||||
| Capex | — | — | — | (2) | (12) | (42) | (21) | 5 | 1 | — | 1 | n/m | ||||||
| Free cash flow | 1 | 1 | 1 | 0 | (9) | (34) | (14) | 3 | 0 | 0 | 2 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 0 | 1 | 1 | 15 | 5 | 2 | 1 | (11) | (14) | 2 | 3 | +29.6% | |||||
| Net debt | 9 | 9 | 8 | 9 | 18 | 20 | 34 | 32 | 35 | 18 | 17 | +7.2% | ||||||
| Shareholders’ equity | 7 | 8 | 9 | 10 | 12 | 50 | 36 | 31 | 7 | 5 | 5 | (3.8%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (0.15) | 2.06 | 2.58 | 2.24 | 4.83 | 7.14 | (17.38) | (19.20) | (43.61) | (7.80) | (8.19) | (7.6) pt | |||||
| ROIC | 4.59 | 5.02 | 4.99 | 5.09 | 6.98 | 5.62 | 3.81 | (2.48) | (2.22) | (1.15) | 3.41 | (5.7) pt | ||||||
| ROE | (0.45) | 5.77 | 6.72 | 7.30 | 17.77 | 14.60 | (34.90) | (51.90) | (246.93) | 111.91 | 69.78 | +112.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 2 | 2 | 2 | 2 | 2 | — | 0.0% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.23 | 4.26 | 1.11 | 1.52 | 1.01 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Power REIT vs peers in Reit Specialty (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OUT OUTFRONT Media Inc. | $5.6B | 23.0× | 22.4× | +13.54% (above 0%: growing) | +340.00% (above 0%: growing) | +167.78% (above 0%: growing) | 52.90% | 22.22% | Compare |
| EPR EPR Properties | $4.6B | 16.7× | 18.8× | +11.96% (above 0%: growing) | +53.75% (above 0%: growing) | −34.67% (below 0%: shrinking) | 92.31% | 68.23% | Compare |
| BXDC Blackstone Digital Infrastructure Trust Inc. | $1.6B | — | — | — | — | — | — | 0.00% | Compare |
| UNIT Uniti Group Inc. | $1.3B | 1.1× | — (loss-making) | +202.53% (above 0%: growing) | n/m | −379.58% (below 0%: shrinking) | 57.83% | 3.54% | Compare |
| FRMI Fermi Inc. | $981.1M | — (loss-making) | — | — | n/m | −414.49% (below 0%: shrinking) | — | 0.00% | Compare |
| FPI Farmland Partners Inc. | $368.1M | 46.6× | 35.9× | −13.10% (below 0%: shrinking) | n/m | −211.64% (below 0%: shrinking) | 67.10% | (128.02%) | Compare |
| LAND Gladstone Land Corporation | $303.3M | — (loss-making) | — (loss-making) | +3.22% (above 0%: growing) | n/m | +1,646.28% (above 0%: growing) | 74.05% | (33.96%) | Compare |
| SELF Global Self Storage, Inc. | $55.5M | 27.0× | 20.2× | +0.63% (above 0%: growing) | +16.67% (above 0%: growing) | −13.35% (below 0%: shrinking) | 60.34% | 21.58% | Compare |
| PW Power REIT | $2.5M | — (loss-making) | — (loss-making) | +154.50% (above 0%: growing) | +48.00% (above 0%: growing) | +1,329.76% (above 0%: growing) | 93.82% | 70.26% | |
| Median of peers | $1.1B | 23.0× | 21.3× | +7.59% | +53.75% | −34.67% | 63.72% | 1.77% |
Pay and ownership Proxy statement filed 23 September 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 150.00k | 146.48k | 22.28 |
| 2024 | 150.00k | 173.47k | 33.67 |
| 2023 | 150.00k | (61.58k) | 16.45 |
Ownership
Directors and executive officers, together
20.72%
David H. Lesser
19.09%
Henry Posner III
9.26%
Saquib Fasih Toor
8.70%
Bradley & Daytona Railway and Land Co. LLC
5.01%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement