PW News and Press, Power REIT From 02/10/21

Old Bethpage, New York, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) announced today the closing of its previously announced rights offering (the “Rights Offering”) which expired at 5:00 p.m.,...

Power REIT (NYSE: PW) has acquired a 37,000 square foot state-of-the-art greenhouse cannabis cultivation facility located in Riverside County, California through a wholly-owned subsidiary for $7.685 million. Power REIT funded the transaction using $2.685 million of cash on hand an...

Through a wholly owned subsidiary, Power REIT (PW) acquired a 37K sq. ft. California-based greenhouse cannabis cultivation facility for $7.69M.The transaction funded using $2.69M of cash on hand and the issuance of 192,308 shares of Power REIT's Series A Preferred (PW.PA).Property i...

Old Bethpage, New York, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 37,000 square foot state-of-the art greenhouse cannabis cultivation facility located in Riverside ...

Old Bethpage, NY, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Power REIT ("Power REIT," "we," "our," or the "Company;" NYSE American: PW and PW.PRA), today announced the estimated Federal income tax treatment of the Company's 2020 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200...

Old Bethpage, New York, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has extended the date for the expiration of the closing on the previously announced Rights Offering to January 29...

The average REIT had a negative monthly return in 7 of the 12 months of 2020, with a 3.48% total return in December. Mid cap (+4.5%) and micro cap REITs (+3.45%) outperformed in December, while small caps (+2.43%) saw smaller gains. 75% of REIT securities had a positive total retu...

Power REIT (PW) has acquired a 4.31-acre parcel in Ordway, Colorado, through a wholly-owned subsidiary, PropCo.The property has been leased by The Apotheke, a Minority Woman-Owned Business.PW has agreed to fund the immediate construction of a 21,548 sq. ft. greenhouse and processing facility ...

Enters into Long-Term Lease with The Apotheke – a Minority Woman-Owned Business Old Bethpage, New York, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it acquired a 4.31-...

U.S. equity markets finished broadly higher on the first week of 2021 despite partisan tensions flaring following the Georgia runoff elections in which Democrats gained a "trifecta" of political control. After finishing 2020 with total returns of 18.4%, the S&P 500 jumped 2.0%. Th...