Power REIT PW Income Statement

Power reit (PW)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
REVENUE
Lease income from direct financing lease - railroad
228,750	-	-	-	228,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income
503,202	-	-	-	262,527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease income from capital lease - railroad, net
-	-	228,750	228,750	-	-	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,750	228,000	229,000	229,000	229,000	228,000	229,000	229,000	229,000	-	229,000	229,000	229,000
Rental income
-	-	334,532	262,528	-	-	262,527	262,528	262,527	262,528	262,527	262,528	262,527	261,550	262,851	262,851	262,851	262,851	262,851	262,420	262,008	262,850	262,851	233,075	69,304	62,869	22,000	22,000	22,000	0	0	0	0	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	9	9	4,956	11	-	-	-	42	-	-	-	-	-	-	-	-	-	-	-	-
Misc. income
55,436	25,301	589	4,333	3,316	3,020	2,803	2,364	1,326	16,597	480	45	33	-	118	10,395	-	-	-	-	-	-	-	25	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL REVENUE
787,388	626,823	563,871	495,611	494,593	494,298	494,080	493,642	492,603	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Misc. Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL REVENUE
-	-	-	-	-	-	-	-	-	-	491,757	491,323	491,310	490,532	491,719	501,996	491,674	491,610	491,610	496,126	490,769	491,620	491,623	461,850	298,096	290,892	251,000	251,000	251,000	228,066	229,000	229,000	229,000	-	-	-	-
EXPENSES
Amortization of intangible assets
59,285	59,287	59,285	59,285	59,285	59,286	59,286	59,285	59,285	59,286	59,285	59,285	59,286	59,285	59,285	59,286	59,285	59,285	59,285	59,286	59,285	-	59,285	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
149,334	96,313	94,144	102,273	115,775	96,572	104,043	105,039	92,789	90,017	82,480	102,946	108,649	222,859	44,522	35,899	36,535	70,065	38,992	63,721	53,613	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,800	52,712	35,517	35,517	46,544	50,364	53,540	-	-	53,762	21,770	49,200	38,000	31,000	27,000	-	-	-	-	-	-	-	-
Property tax
4,552	5,538	5,537	5,557	5,556	8,222	5,521	2,782	5,487	5,552	5,552	5,705	5,906	2,782	2,781	2,782	5,382	5,532	5,472	5,463	5,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation Expense
26,650	-	17,711	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,404	2,413	0	0	0	0	-	-	-	-	-	-	-	-
General and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,962	126,860	41,785	52,592	86,000	65,000	69,000	50,919	69,000	186,000	99,000	60,855	55,000	102,000	60,000
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,983	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,350	9,292	6,600	1,416	2,000	2,000	3,000	0	0	0	0	-	-	-	-
Property acquisition expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,105	1	0	360,707	4,212	-11,408	49,000	0	11,000	-	0	-	-	-	-	-	-
Litigation expenses (see note 10)
-	-	-	-	-	-	-	-	-	5,763	120,439	3,347	730	-2,312	138,759	298,504	48,355	-	117,586	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation expenses (see note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119,512	4,440	444,551	343,586	148,704	112,712	254,749	220,000	241,000	240,000	334,357	142,000	141,000	83,000	0	0	0	0
Interest expense
295,480	182,141	113,501	115,038	116,732	116,405	122,371	119,044	120,395	120,912	121,275	122,856	124,521	124,359	147,259	89,444	141,385	329,642	159,301	160,707	199,130	233,058	230,769	200,438	50,629	32,820	38,000	12,000	12,000	0	0	0	0	-	-	-	-
Finance expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-
Unrealized loss on interest rate swap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-250,066	244,821	183,866	-254,522	-60,486	-213,032	0	-	0	0	-	-	-	-	-	-	-	-	-
TOTAL EXPENSES
535,301	364,325	290,178	282,153	297,348	280,485	291,221	286,150	277,956	281,530	389,031	294,139	299,092	417,246	446,406	538,627	326,459	971,161	677,246	214,232	558,231	-	-	1,163,199	240,121	379,369	433,000	351,000	362,000	-	211,000	327,000	182,000	-	-	-	-
TOTAL EXPENSES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	794,421	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME
252,087	262,498	273,693	213,458	197,245	213,813	202,859	207,492	214,647	226,345	102,726	197,184	192,218	73,286	45,313	-36,631	165,215	-479,551	-185,636	281,894	-67,462	-610,317	-302,798	-701,349	57,975	-88,477	-182,000	-100,000	-111,000	-288,739	18,000	-98,000	47,000	167,223	174,000	127,000	169,000
Preferred Stock Dividends
70,058	70,058	70,058	70,058	70,058	70,058	70,058	70,058	70,058	69,967	69,968	69,968	69,968	209,902	69,968	69,968	-69,968	69,968	69,968	69,967	69,968	-	-	61,028	0	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,888	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME ATTRIBUTABLE TO COMMON SHARES
182,029	192,440	203,635	143,400	127,187	143,755	132,801	137,434	144,589	156,378	32,758	127,216	122,250	3,320	-24,655	-106,599	95,247	-549,519	-255,604	211,927	-137,430	-677,382	-365,686	-762,377	57,975	-	-	-	-	-	-	-	-	-	-	-	-
Income Per Common Share:
Income Per Common Share:
Basic and diluted
-	-	0.11	0.08	-	0.07	0.07	0.08	0.08	0.08	0.02	0.07	0.07	0.00	-0.01	-0.06	0.05	-0.31	-0.15	0.12	-0.08	-	-0.21	-	-	-	-	-	-	-	-	-	-	-	0.11	0.08	0.11
Basic
0.10	-	-	-	0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.46	0.03	-0.05	-0.11	-0.06	-0.07	-0.18	0.01	-0.06	0.03	-	0.11	-	-
Diluted
0.09	-	-	-	0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.46	0.03	-0.05	-0.11	-0.06	-0.07	-0.18	0.01	-0.06	0.03	-	-	-	-
Weighted Average Number of Shares Outstanding:
Basic and diluted
-	-	-	1,870,192	-	-	-	1,827,338	1,827,338	1,827,339	1,827,339	1,799,072	1,784,938	1,784,937	1,784,750	1,768,697	1,742,688	1,742,690	1,734,210	1,731,788	1,731,788	-	1,731,788	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
1,899,313	-	1,872,939	-	1,870,139	-	1,827,804	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,671,638	1,674,733	1,763,896	1,651,085	1,635,965	1,623,250	-1,620,003,500	1,623,250	1,623,250	1,623,250,000	-	1,623,250,000	-	-
Cash Dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.10	0.10
Diluted
1,921,664	-	1,885,488	-	1,870,139	-	1,827,804	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,671,638	1,688,080	1,763,896	1,651,085	1,635,965	1,623,250	-1,620,008,571	1,628,321	1,623,250	1,623,250,000	-4,768,975,084	1,623,250,000	1,623,250,000	1,528,875,000
Cash dividend per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.10	-	0.10	0.10	0.10	-	0.10	-	-
Cash dividend per Series A Preferred Share
0.48	0.50	0.48	0.48	0.48	0.50	0.48	0.48	0.48	0.50	0.48	0.48	0.48	0.50	0.48	0.48	0.48	0.50	0.48	0.48	0.48	0.49	0.48	0.48	0.00	-	0.00	0.00	-	-	-	-	-	-	-	-	-