power reit (ticker: pw) is a listed real estate investment trust (reit) that acquires, owns and manages real-estate related to energy and transportation infrastructure in the u.s. infrastructure assets often have significant embedded real-estate value due to their proximity to supporting infrastructure, favorable geographic or other locational advantages and ownership of hard to acquire operating permits and/or rights of way. within the energy sector, power reit is focused on acquiring land and other real estate interests related to renewable energy based generating facilities, including real estate related to solar, wind, hydropower and geothermal generating facilities. since december 2012, power reit has announced over 25mw of land investments in utility scale solar projects.
Company profile
Ticker
PW, PW+A
Exchange
Website
CEO
David Lesser
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
PW Salisbury Solar, LLC • PW Regulus Solar, LLC • PW CanRE of Colorado Holdings, LLC • PW CO • PW PWV Holdings LLC • PW ME CanRE SD LLC • PW CA CanRE Canndescent LLC • PW CanRE OK Vinita LLC • PW MI CanRE Marengo LLC • PW CanRE Holdings LLC ...
IRS number
453116572
PW stock data
Latest filings (excl ownership)
8-K
Power REIT Receives Audit Opinion with Going Concern Explanation
29 Mar 24
10-K
2023 FY
Annual report
29 Mar 24
8-K
Completion of Acquisition or Disposition of Assets
31 Jan 24
8-K
Completion of Acquisition or Disposition of Assets
9 Jan 24
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K
Completion of Acquisition or Disposition of Assets
2 Nov 23
8-K
Submission of Matters to a Vote of Security Holders
14 Sep 23
DEF 14A
Definitive proxy
18 Aug 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
8-K
Other Events
4 Aug 23
Latest ownership filings
4
David H Lesser
21 Dec 23
SC 13G/A
AdvisorShares Trust
7 Dec 23
4
Patrick R Haynes III
16 Aug 22
4
VIRGIL E WENGER
19 Jul 22
4
William Susman
19 Jul 22
4
David H Lesser
19 Jul 22
4
Susan Hollander
19 Jul 22
4
Dionisio D'Aguilar
19 Jul 22
3
Dionisio D'Aguilar
25 Apr 22
SC 13G/A
RENAISSANCE TECHNOLOGIES LLC
10 Feb 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.61 mm | 3.61 mm | 3.61 mm | 3.61 mm | 3.61 mm | 3.61 mm |
Cash burn (monthly) | 222.41 k | 51.36 k | 3.04 mm | 917.54 k | 105.51 k | 143.25 k |
Cash used (since last report) | 1.47 mm | 340.10 k | 20.11 mm | 6.08 mm | 698.69 k | 948.64 k |
Cash remaining | 2.13 mm | 3.27 mm | -16.50 mm | -2.47 mm | 2.91 mm | 2.66 mm |
Runway (months of cash) | 9.6 | 63.6 | -5.4 | -2.7 | 27.6 | 18.5 |
Institutional ownership, Q3 2023
30.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 17 |
Opened positions | 3 |
Closed positions | 4 |
Increased positions | 4 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 590.22 mm |
Total shares | 1.03 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
AdvisorShares Trust | 357.03 k | $18.72 mm |
AdvisorShares Investments | 279.99 k | $324.79 mm |
Pensionfund DSM Netherlands | 78.53 k | $91.00 k |
Advisor | 69.71 k | $80.87 mm |
Emerald Mutual Fund Advisers Trust | 57.71 k | $66.94 mm |
Renaissance Technologies | 53.60 k | $62.00 k |
Vanguard | 36.01 k | $41.77 mm |
Pensionfund Sabic | 29.95 k | $35.00 k |
MS Morgan Stanley | 22.97 k | $26.65 mm |
FNY Investment Advisers | 20.00 k | $23.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Dec 23 | Lesser David H | Common Stock | Other | Dispose J | Yes | No | 0 | 18,656 | 0.00 | 0 |
21 Dec 23 | Lesser David H | Common Stock | Other | Dispose J | Yes | No | 0 | 15,458 | 0.00 | 0 |
21 Dec 23 | Lesser David H | Common Stock | Other | Acquire J | No | No | 0 | 24,261 | 0.00 | 514,818 |
31 Dec 21 | Lesser David H | Common Stock | Other | Dispose J | Yes | No | 0 | 14,410 | 0.00 | 0 |