Power REIT swings to Q2 profit of $435,548; revenue rises to $1.29 million
Reuters2026/08/12 20:41- Power REIT swung to GAAP net income of $435,548 in the quarter ended June 30, 2026, from a loss a year earlier.
- Total income more than doubled to $1.29 million, driven by $838,722 of other income tied mainly to a mortgage-loan settlement.
- Expenses fell 40.8% to $742,165 on lower interest expense and property costs, partly offset by higher impairment charges.
- Tenant concentration remained high, with Norfolk Southern Railway and Regulus Solar providing about 95% of rental and direct financing lease income.
- Recent moves included a 1-for-10 reverse stock split and the $315,000 sale of a vacant Vinita, Oklahoma greenhouse property for a roughly $110,000 loss.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will a 10-year US Treasury yield rising to 5.5% "attack" US stocks? Societe Generale warns: this could be the valuation tipping point.
Bokobza, Global Head of Asset Allocation at Société Générale, pointed out that if the 10-year U.S. Treasury yield reaches 5.5%, corporate profit growth will not be sufficient to offset the impact of rising rates on valuations, and the stock market will face substantial pressure. However, he believes that the upcoming rate hikes by the Federal Reserve and the European Central Bank will be relatively limited and will not disrupt the current economic cycle.
The Dream of Big Profits in These Altcoins Didn’t Come True: Only 229 Users Managed to Earn $10,000! Here Are the Details
XRP Stuck in Range as $1.50 Breakout Level Comes Into Focus
Cilo Cybin publishes integrated annual report for year ended March 31, 2026
Crypto prices
More
