Power REIT

Power REIT (the Registrant or the Trust , and together with its consolidated subsidiaries or Power REIT , unless the context requires otherwise) is a Maryland-domiciled, internally-managed real estate investment trust (a REIT ) that owns a portfolio of real estate assets related to transportation, energy infrastructure and Controlled Environment Agriculture ( CEA ) in the United States. The Trust is structured as a holding company and owns its assets through nineteen direct and indirect wholly-owned, special purpose subsidiaries that have been formed in order to hold real estate assets, obtain financing and generate lease revenue. As of December 31, 2025, the Trust’s assets consisted of approximately 112 miles of railroad infrastructure and related real estate which is owned by its subsidiary, Pittsburgh & West Virginia Railroad ( P&WV ), approximately 447 acres of fee simple land leased to a utility scale solar power generating project with an aggregate generating capacity of approximately 82 Megawatts ( MW ) and approximately 82 acres of land with approximately 357,000 square feet of CEA properties in the form of greenhouses (the Greenhouse Portfolio ). Power REIT invested in greenhouses for state-licensed cannabis and food cultivation. Unfortunately, the market for both opportunities has been challenging and the Greenhouse Portfolio has performed poorly with significant vacancy. We are currently focused on monetizing the Greenhouse Portfolio, including focusing on selling and or re-leasing the vacant properties and increasing cash flow from the occupied properties.