Power REIT (MD) PW

Competitive advantage analysis · real-estate

REIT Specialized
Overall moat score
5/100
Weak

About Power REIT (MD)

Power REIT (ticker: PW) 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 listed … Full PW analysis →

Competitive advantage assessment

Key risks

  • Weak NOI Margins NOI margins lag peers (score 0.04), indicating weak pricing power.
  • Elevated Leverage Risk Leverage is elevated (score 0.04), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Rent Pricing Power

Weak
2

Where PW ranks in REIT - Specialty

Power REIT (MD) ranks #21 of 21 scored companies in REIT - Specialty by moat score — the top 100%. The widest moat in the group is Gaming and Leisure Properties, (GLPI) at 85/100.

Moat scores for companies ranked near PW in REIT - Specialty
# Company Moat score Rating
13 Gladstone Land Corporation - 6. LANDO 43/100 Developing
14 Gladstone Land Corporation - 6. LANDP 43/100 Developing
15 Uniti Group Inc. UNIT 43/100 Developing
16 Gladstone Land Corporation LAND 41/100 Developing
17 Gladstone Land Corporation - 5. LANDM 33/100 Developing
18 OUTFRONT Media Inc. OUT 32/100 Developing
19 Weyerhaeuser Company WY 25/100 Weak
20 PotlatchDeltic Corporation - Co PCH 20/100 Weak
21 Power REIT (MD) PW 5/100 Weak

See every Real Estate Investment Trusts company ranked by moat score →

How PW scores on the REIT Specialized defenses

Rent Pricing Power

Score 2 · 20% of the moat score

For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.

AFFO Strength

Score 11 · 18% of the moat score

AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.

Balance Sheet & Cost of Capital

Score 4 · 20% of the moat score

Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.

Capital Recycling & Growth

Score 4 · 16% of the moat score

REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.

Operational Efficiency

Score 4 · 14% of the moat score

Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.

Portfolio Quality & Diversification

Score 2 · 12% of the moat score

Portfolio quality is really a question about what happens when a tenant fails.

How each REIT Specialized defense is measured, in full →

Understanding PW's moat

What is Power REIT (MD)'s moat score?

Power REIT (MD) (PW) scores 5 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #21 of 21 scored companies in REIT - Specialty, the top 100%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 23 companies in REIT - Specialty. Its strongest defense is AFFO Strength (11/100) and its weakest is Portfolio Quality & Diversification (2/100).

How does Power REIT (MD) compare with other REIT - Specialty companies?

Power REIT (MD) ranks #21 of 21 scored companies in REIT - Specialty by moat score. The widest moat in REIT - Specialty is Gaming and Leisure Properties, (GLPI) at 84/100. The companies ranked closest are PotlatchDeltic Corporation - Co (PCH) at 20 just above it.

How is the moat score calculated?

Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 23 companies in REIT - Specialty. The defenses are then weighted to produce the overall score out of 100.

Why is Power REIT (MD) scored with the REIT Specialized template?

A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.

Which competitive defenses are measured for Power REIT (MD)?

The REIT Specialized template measures 6 defenses, and PW scores: Rent Pricing Power (2), AFFO Strength (11), Balance Sheet & Cost of Capital (4), Capital Recycling & Growth (4), Operational Efficiency (4), Portfolio Quality & Diversification (2). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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