Power REIT Q2 net income up 236%; Core FFO per share up 76%; forward guidance $3.24

Power REIT

2021-Q2 EPS reported $0.74 revenue$4,088,775

Revenue $2.27M (+133% YoY); net income $1.38M (+236% YoY); diluted EPS $0.41 (+95% YoY).
Core FFO per share $0.51 (+76% YoY); six-month Core FFO per share $0.97 (+102% YoY).
Acquired 8 CEA properties in H1 2021 for ~$26M; expects >17% unleveraged yield on invested capital.
Rights Offering raised ~$37M at $26.50/share; remaining ~$17M to deploy; forward Core FFO run rate $3.24.
Michigan greenhouse potential acquisition (565k sq ft) could add $0.18 to forward Core FFO per share.

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