Power REIT (PW)

NYSE, NYSE · Real Estate Investment Trusts

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

19 entities across 7 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-31 — see the exhibit.

Which other public companies file entities in the same places:

Colorado12 California2 Pennsylvania1 Massachusetts1 Maine1 Oklahoma1 Delaware1

Subsidiaries of Power REIT as disclosed in its SEC filing
Entity	Jurisdiction	Note
Pittsburgh & West Virginia Railroad	Pennsylvania
PW Salisbury Solar, LLC	Massachusetts
PW Regulus Solar, LLC	California
PW CO CanRE JAB LLC	Colorado
PW PWV Holdings LLC	Colorado
PW CO CanRE Mav 5 LLC	Colorado
PW CO CanRE Mav 14 LLC	Colorado
PW CO CanRE Sherm 6 LLC	Colorado
PW ME CanRE SD LLC	Maine
PW CO CanRE Tam 7 LLC	Colorado
PW CO CanRE Grail LLC	Colorado
PW CO CanRE Tam 19 LLC	Colorado
PW CO CanRE Apotheke LLC	Colorado
PW CA CanRE Canndescent LLC	California
PW CO CanRE Gas Station LLC	Colorado
PW CO CanRE Cloud Nine LLC	Colorado
PW CO CanRE Walsenburg LLC	Colorado
PW CanRE OK Vinita LLC	Oklahoma
PW CanRE Holdings LLC	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

3 / 7

FAILReturn on assets positiveROA -8.2%
FAILOperating cash flow positiveOCF -68316.0
PASSReturn on assets improving-53.6% → -8.2%
PASSCash flow exceeds earningsOCF -68316.0 vs NI -2M
FAILLong-term debt ratio falling43.3% → 71.4% of assets
FAILCurrent ratio improvingno data
FAILNo share dilution3M → 3M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.07× → 0.07×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$4.3M	$2.2M	—	—	1,973,383
FY2021	$8.5M	$5.1M	—	—	3,264,805
FY2022	$8.5M	−$14.3M	—	—	3,377,676
FY2023	$2.4M	−$14.4M	−$2.6M	—	3,389,661
FY2024	$3.0M	−$24.7M	—	—	3,389,661
FY2025	$2.0M	−$2.2M	—	—	3,413,861

Ownership flow

2 institutions tracked — 0 added, 2 reduced, 1 sold out.

Institutional holders of Power REIT and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	1,513	−13,628	$14,555
MORGAN STANLEY	Active fund	810	−9,290	$7,793

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001532619
SIC: 6798 · Real Estate Investment Trusts
Incorporated: MD
Headquarters: OLD BETHPAGE, NY

Ownership

Institutional: 4.5%
Institutions: 11
Insiders: 25.9%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other real estate investment trusts companies

Power REIT files under SIC 6798 — all 80 real estate investment trusts companies compared on assets and F-score.

Prologis, Inc.PLD Blackstone Real Estate Income Trust, Inc.BSTT WELLTOWER INC.WELL AMERICAN TOWER CORP /MA/AMT Rithm Capital Corp.RITM VICI PROPERTIES INC.VICI

Questions about Power REIT

How many subsidiaries does Power REIT file with the SEC?: 19, listed in its most recent exhibit 21. They are incorporated across 7 jurisdictions, led by Pennsylvania, Massachusetts, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Power REIT financially healthy?: Power REIT scores 3 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Power REIT?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), MORGAN STANLEY (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

19 entities across 7 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-31 — see the exhibit.

Entity

Jurisdiction

Note

Pittsburgh & West Virginia Railroad

Pennsylvania

PW Salisbury Solar, LLC

Massachusetts

PW Regulus Solar, LLC

California

PW CO CanRE JAB LLC

Colorado

PW PWV Holdings LLC

Colorado

PW CO CanRE Mav 5 LLC

Colorado

PW CO CanRE Mav 14 LLC

Colorado

PW CO CanRE Sherm 6 LLC

Colorado

PW ME CanRE SD LLC

Maine

PW CO CanRE Tam 7 LLC

Colorado

PW CO CanRE Grail LLC

Colorado

PW CO CanRE Tam 19 LLC

Colorado

PW CO CanRE Apotheke LLC

Colorado

PW CA CanRE Canndescent LLC

California

PW CO CanRE Gas Station LLC

Colorado

PW CO CanRE Cloud Nine LLC

Colorado

PW CO CanRE Walsenburg LLC

Colorado

PW CanRE OK Vinita LLC

Oklahoma

PW CanRE Holdings LLC

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

3 / 7

FAILReturn on assets positiveROA -8.2%
FAILOperating cash flow positiveOCF -68316.0
PASSReturn on assets improving-53.6% → -8.2%
PASSCash flow exceeds earningsOCF -68316.0 vs NI -2M
FAILLong-term debt ratio falling43.3% → 71.4% of assets
FAILCurrent ratio improvingno data
FAILNo share dilution3M → 3M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.07× → 0.07×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$4.3M

$2.2M

—

1,973,383

FY2021

$8.5M

$5.1M

—

3,264,805

FY2022

$8.5M

−$14.3M

—

3,377,676

FY2023

$2.4M

−$14.4M

−$2.6M

—

3,389,661

FY2024

$3.0M

−$24.7M

—

3,389,661

FY2025

$2.0M

−$2.2M

—

3,413,861

Ownership flow

2 institutions tracked — 0 added, 2 reduced, 1 sold out.

Institutional holders of Power REIT and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	1,513	−13,628	$14,555
MORGAN STANLEY	Active fund	810	−9,290	$7,793

Questions about Power REIT

How many subsidiaries does Power REIT file with the SEC?

19, listed in its most recent exhibit 21. They are incorporated across 7 jurisdictions, led by Pennsylvania, Massachusetts, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Power REIT financially healthy?

Power REIT scores 3 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Power REIT?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), MORGAN STANLEY (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.