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Dynamic quotes 
OFFON

POWER REIT

(PW)
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Power REIT (NYSEAM:PW) completed the acquisition of 556,146 Square Foot Cannabis Greenhouse Cultivation and Processing Facility for $18.39 million.

09/09/2021 EDT

Power REIT (NYSEAM:PW) entered into an agreement to acquire approx 66 acre parcel with approx 522,530 square feet of greenhouse and processing space in Michigan for $18.5 million on May 25, 2021. Power REIT has an approximately 75-day due diligence period followed by a 30-day period to close the transaction which can be extended by up to 30 additional days. Power REIT is actively working to finalize its due diligence and hopes to expedite the closing although there can be no assurance as to when or if the transaction will close. This transaction received court approval. Power REIT (NYSEAM:PW) completed the acquisition of 556,146 Square Foot Cannabis Greenhouse Cultivation and Processing Facility for $18.39 million on September 9, 2021. As a part of the transaction 556,000 square feet was acquired.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2021 9,71 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 4,13%
Capitalization 156 M 156 M -
Capi. / Sales 2021 16,1x
Capi. / Sales 2022 10,6x
Nbr of Employees 3
Free-Float 68,3%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 47,00 $
Average target price 63,00 $
Spread / Average Target 34,0%
Managers and Directors
David H. Lesser Chairman-Trustees Board, CEO, CFO & Secretary
Virgil E. Wenger Independent Trustee
Patrick R. Haynes Independent Trustee
William S. Susman Independent Trustee
Paula Jean Poskon Independent Trustee
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