Power REIT, headquartered in Old Bethpage, New York, owns and manages real estate for transportation, energy infrastructure, and Controlled Environment Agriculture across the U.S. through its subsidiaries. The assets include 112 miles of railroad, 601 acres leased to solar projects generating 108 MW, and 263 acres with over 2.2 million square feet of greenhouse properties.
PW has been in the news recently: IGM Financial Inc. reported a 56.4% increase in Q2 2024 net earnings to $216.2 million, while Power Corporation of Canada saw its net earnings rise to $730 million, up from $550 million in Q2 2023. In contrast, Plug Power Inc. incurred a loss of $262.3 million with revenue of $143.4 million, and NuScale Power Corporation reported a revenue of $1.0 million alongside a net loss of $74.4 million.
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