Power REIT (PW) - Net Assets
Based on the latest financial reports, Power REIT (PW) has net assets worth $5.14 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($26.92 Million) and total liabilities ($21.79 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PW financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.14 Million |
| % of Total Assets | 19.08% |
| Annual Growth Rate | -2.29% |
| 5-Year Change | -91.19% |
| 10-Year Change | -52.32% |
| Growth Volatility | 66.31 |
Power REIT - Net Assets Trend (2000–2025)
This chart illustrates how Power REIT's net assets have evolved over time, based on quarterly financial data. Also explore PW total asset value for the complete picture of this company's asset base.
Annual Net Assets for Power REIT (2000–2025)
The table below shows the annual net assets of Power REIT from 2000 to 2025. For live valuation and market cap data, see market cap of Power REIT.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.14 Million | -23.92% |
| 2024-12-31 | $6.75 Million | -78.05% |
| 2023-12-31 | $30.77 Million | -30.46% |
| 2022-12-31 | $44.25 Million | -24.11% |
| 2021-12-31 | $58.31 Million | +283.37% |
| 2020-12-31 | $15.21 Million | +16.44% |
| 2019-12-31 | $13.06 Million | +7.15% |
| 2018-12-31 | $12.19 Million | +6.85% |
| 2017-12-31 | $11.41 Million | +5.89% |
| 2016-12-31 | $10.78 Million | +1.54% |
| 2015-12-31 | $10.61 Million | -4.88% |
| 2014-12-31 | $11.16 Million | +22.98% |
| 2013-12-31 | $9.07 Million | -3.02% |
| 2012-12-31 | $9.35 Million | -7.61% |
| 2011-12-31 | $10.12 Million | +10.11% |
| 2005-12-31 | $9.20 Million | -0.05% |
| 2004-12-31 | $9.20 Million | +0.38% |
| 2003-12-31 | $9.17 Million | -0.02% |
| 2002-12-31 | $9.17 Million | -0.11% |
| 2001-12-31 | $9.18 Million | -0.01% |
| 2000-12-31 | $9.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Power REIT's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5188374500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.66K | 0.07% |
| Other Components | $57.02 Million | 1109.85% |
| Total Equity | $5.14 Million | 100.00% |
Power REIT Competitors by Market Cap
The table below lists competitors of Power REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GOLDREA RES CORP.
F:GOJ1
|
$1.93 Million |
|
Gujarat Lease Financing Limited
NSE:GLFL
|
$1.93 Million |
|
Lambo Group Bhd
KLSE:0018
|
$1.93 Million |
|
Greenwave Technology Solutions Inc. Common Stock
NASDAQ:GWAV
|
$1.94 Million |
|
Leapfrog Acquisition Corporation Warrants
NASDAQ:LFACW
|
$1.93 Million |
|
Metronic Global Bhd
KLSE:0043
|
$1.92 Million |
|
Kwesst Micro Systems Inc
V:KWE
|
$1.92 Million |
|
Black Hawk Acquisition Corporation Rights
NASDAQ:BKHAR
|
$1.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Power REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,752,878 to 5,137,423, a change of -1,615,455 (-23.9%).
- Net loss of 2,195,082 reduced equity.
- Share repurchases of 277,830 reduced equity.
- New share issuances of 277,830 increased equity.
- Other factors increased equity by 579,627.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.20 Million | -42.73% |
| Share Repurchases | $277.83K | -5.41% |
| Share Issuances | $277.83K | +5.41% |
| Other Changes | $579.63K | +11.28% |
| Total Change | $- | -23.92% |
Book Value vs Market Value Analysis
This analysis compares Power REIT's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.35x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.08x to 0.35x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $6.20 | $0.53 | x |
| 1986-12-31 | $6.09 | $0.53 | x |
| 1987-12-31 | $6.20 | $0.53 | x |
| 1988-12-31 | $6.09 | $0.53 | x |
| 1989-12-31 | $6.20 | $0.53 | x |
| 1990-12-31 | $6.09 | $0.53 | x |
| 1991-12-31 | $6.09 | $0.53 | x |
| 1992-12-31 | $6.09 | $0.53 | x |
| 1993-12-31 | $6.09 | $0.53 | x |
| 1994-12-31 | $6.09 | $0.53 | x |
| 1995-12-31 | $6.09 | $0.53 | x |
| 1996-12-31 | $5.92 | $0.53 | x |
| 1997-12-31 | $5.85 | $0.53 | x |
| 1998-12-31 | $5.85 | $0.53 | x |
| 1999-12-31 | $5.86 | $0.53 | x |
| 2000-12-31 | $5.85 | $0.53 | x |
| 2001-12-31 | $5.85 | $0.53 | x |
| 2002-12-31 | $5.85 | $0.53 | x |
| 2003-12-31 | $5.85 | $0.53 | x |
| 2004-12-31 | $5.87 | $0.53 | x |
| 2005-12-31 | $5.87 | $0.53 | x |
| 2006-12-31 | $5.87 | $0.53 | x |
| 2007-12-31 | $5.90 | $0.53 | x |
| 2008-12-31 | $5.87 | $0.53 | x |
| 2009-12-31 | $5.90 | $0.53 | x |
| 2010-12-31 | $5.87 | $0.53 | x |
| 2011-12-31 | $6.10 | $0.53 | x |
| 2012-12-31 | $5.55 | $0.53 | x |
| 2013-12-31 | $5.24 | $0.53 | x |
| 2014-12-31 | $6.31 | $0.53 | x |
| 2015-12-31 | $5.89 | $0.53 | x |
| 2016-12-31 | $5.86 | $0.53 | x |
| 2017-12-31 | $6.07 | $0.53 | x |
| 2018-12-31 | $6.35 | $0.53 | x |
| 2019-12-31 | $6.98 | $0.53 | x |
| 2020-12-31 | $7.71 | $0.53 | x |
| 2021-12-31 | $17.86 | $0.53 | x |
| 2022-12-31 | $13.10 | $0.53 | x |
| 2023-12-31 | $9.08 | $0.53 | x |
| 2024-12-31 | $1.99 | $0.53 | x |
| 2025-12-31 | $1.50 | $0.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Power REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -42.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -109.11%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 5.24x
- Recent ROE (-42.73%) is below the historical average (-5.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1986 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1987 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1988 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1989 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1990 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1991 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1992 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1993 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1994 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1995 | 8.70% | 88.89% | 0.10x | 1.00x | $-120.00K |
| 1996 | 8.79% | 88.89% | 0.10x | 1.01x | $-110.00K |
| 1997 | 9.11% | 91.26% | 0.10x | 1.00x | $-81.70K |
| 1998 | 9.07% | 90.93% | 0.10x | 1.00x | $-84.90K |
| 1999 | 9.06% | 90.93% | 0.10x | 1.00x | $-86.40K |
| 2000 | 9.12% | 91.48% | 0.10x | 1.00x | $-80.70K |
| 2001 | 9.04% | 90.71% | 0.10x | 1.00x | $-87.70K |
| 2002 | 8.95% | 89.71% | 0.10x | 1.00x | $-95.84K |
| 2003 | 8.71% | 87.28% | 0.10x | 1.00x | $-117.95K |
| 2004 | 8.75% | 87.97% | 0.10x | 1.00x | $-115.07K |
| 2005 | 8.49% | 85.27% | 0.10x | 1.00x | $-139.30K |
| 2006 | 8.58% | 86.25% | 0.10x | 1.00x | $-130.74K |
| 2007 | 8.48% | 85.25% | 0.10x | 1.00x | $-139.35K |
| 2008 | 8.38% | 84.19% | 0.10x | 1.00x | $-149.12K |
| 2009 | 8.17% | 82.02% | 0.10x | 1.00x | $-168.55K |
| 2010 | 8.31% | 83.50% | 0.10x | 1.00x | $-155.89K |
| 2011 | 6.29% | 69.64% | 0.09x | 1.00x | $-375.24K |
| 2012 | -3.44% | -35.16% | 0.09x | 1.14x | $-1.26 Million |
| 2013 | -5.31% | -46.12% | 0.09x | 1.33x | $-1.39 Million |
| 2014 | -13.95% | -89.29% | 0.08x | 2.00x | $-2.67 Million |
| 2015 | -4.25% | -22.88% | 0.09x | 2.05x | $-1.51 Million |
| 2016 | 2.29% | 12.51% | 0.09x | 1.97x | $-830.33K |
| 2017 | 6.30% | 36.25% | 0.09x | 1.88x | $-422.49K |
| 2018 | 6.88% | 42.48% | 0.09x | 1.80x | $-380.28K |
| 2019 | 3.21% | 19.23% | 0.06x | 2.89x | $-886.81K |
| 2020 | 14.28% | 50.83% | 0.11x | 2.67x | $650.86K |
| 2021 | 8.82% | 60.82% | 0.10x | 1.46x | $-686.62K |
| 2022 | -32.21% | -167.34% | 0.10x | 1.95x | $-18.68 Million |
| 2023 | -46.69% | -646.37% | 0.03x | 2.28x | $-17.44 Million |
| 2024 | -365.93% | -810.22% | 0.07x | 6.83x | $-25.39 Million |
| 2025 | -42.73% | -109.11% | 0.07x | 5.24x | $-2.71 Million |
Industry Comparison
This section compares Power REIT's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $2,694,552,500
- Average return on equity (ROE) among peers: 3.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Power REIT (PW) | $5.14 Million | 8.70% | 4.24x | $1.93 Million |
| American Tower Corp (AMT) | $2.15 Billion | -2.36% | 0.40x | $82.24 Billion |
| Crown Castle (CCI) | $202.50 Million | -5.88% | 0.83x | $36.18 Billion |
| Digital Realty Trust Inc (DLR) | $11.10 Billion | 2.24% | 0.93x | $55.29 Billion |
| EPR Properties (EPR) | $1.03 Billion | 10.20% | 1.12x | $4.45 Billion |
| Equinix Inc (EQIX) | $6.85 Billion | 3.40% | 1.73x | $92.84 Billion |
| Farmland Partners Inc (FPI) | $635.68 Million | 1.24% | 0.83x | $454.93 Million |
| Fermi Inc. (FRMI) | $1.10 Billion | -44.38% | 0.29x | $3.33 Billion |
| Gaming & Leisure Properties (GLPI) | $2.07 Billion | 18.84% | 3.07x | $12.97 Billion |
| Iron Mountain Incorporated (IRM) | $929.48 Million | 48.44% | 14.55x | $29.90 Billion |
| Lamar Advertising Company (LAMR) | $874.83 Million | 1.12% | 3.02x | $13.21 Billion |
About Power REIT
Power REIT is a real-estate investment trust (REIT) that owns real estate related to properties for Controlled Environment Agriculture (greenhouses), Renewable Energy and Transportation. Power REIT is a specialized real estate investment trust, building upon the legacy of its wholly-owned subsidiary, Pittsburgh & West Virginia Railroad (P&WV). P&WV was previously listed on AMEX and was the first … Read more