---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-022332"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2022-08-12T23:59:59+00:00"
generated_at: "2026-06-24T00:19:39.491953+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Power REIT Q2 Core FFO $0.41/share, down 20% YoY; Michigan cannabis licensing delayed

## Summary
- Core FFO per share $0.41 vs $0.51 YoY; sequentially flat vs Q1 2022 ($0.40).
- Michigan greenhouse license application submitted, CRA inspection found no deficiencies; BFS approval pending, no rent recognized since Q1 2022.
- Executed seven lease amendments with Colorado tenants to restructure lower near-term rent; total rent unchanged.
- New 20-year triple-net lease with Elevate & Bloom for Ordway, CO; $1.28M commitment, ~18.6% unleveraged FFO yield.
- Portfolio: 2.2M sq ft greenhouses (51% food, 49% cannabis), 7 solar leases (601 acres), 112 miles railroad.

## SEC filing metadata
- accession: 0001493152-22-022332
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2022-08-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315222022332/0001493152-22-022332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315222022332/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-022332
- JSON: https://secwatch.observer/filing/0001493152-22-022332.json
- Plain text: https://secwatch.observer/filing/0001493152-22-022332.txt

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