---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-028846"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2021-11-16T23:59:59+00:00"
generated_at: "2026-06-28T07:45:29.105711+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-028846
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2021-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315221028846/0001493152-21-028846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315221028846/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-028846
- JSON: https://secwatch.observer/filing/0001493152-21-028846.json
- Plain text: https://secwatch.observer/filing/0001493152-21-028846.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.