Power Reit Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 28, 2020 at 07:00 am EDT
Power REIT announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 1.115 million compared to USD 563,871 a year ago. Net income was USD 576,064 compared to USD 273,693 a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.25 compared to USD 0.11 a year ago. For the nine months, total revenue was USD 2.878 million compared to USD 1.554 million a year ago. Net income was USD 1.307 million compared to USD 684,396 a year ago. Basic earnings per share from continuing operations was USD 0.57 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.25 a year ago.