Power REIT reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 0.694692 million compared to USD 1.76 million a year ago. Revenue was USD 1 million compared to USD 1.99 million a year ago.

Net loss was USD 0.339046 million compared to net income of USD 0.99788 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to basic earnings per share from continuing operations of USD 0.25 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to diluted earnings per share from continuing operations of USD 0.25 a year ago.