Power REIT Q3 revenue up 128%, net income per share up 96%, acquires Michigan cannabis facility

Power REIT

2021-Q3 EPS reported $1.24 revenue$6,636,123

Q3 revenue $2.55M vs $1.12M YoY; net income per share $0.49 vs $0.25; Core FFO per share $0.62 vs $0.35.
Acquired ~556K sq ft Michigan cannabis facility for $21.5M; total commitment $25.5M; 20-year lease with ~$5.1M annual rent, 20% yield.
Forward Core FFO run rate of ~$0.92/share for Q1 2022, implying $3.68 annualized on existing assets.
Terminated OCG lease, replaced with Golden Leaf Lane; expect full investment return over 3 years plus 13% yield thereafter.
Filed breach of contract claim against PSP; PSP turned over possession; seeking replacement tenant.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.