Investing.com - Power REIT reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Power REIT announced earnings per share of $0.12 on revenue of $2.01M. Analysts polled by Investing.com anticipated EPS of $0.37 on revenue of $2.51M.
Power REIT shares are down 91.94% from the beginning of the year and are trading at $5.55 , down-from-52-week-high.
Power REIT follows other major Real Estate sector earnings this month
Power REIT's report follows an earnings beat by American Tower on Thursday, October 27, 2022, who reported EPS of $1.8 on revenue of $2.67B, compared to forecasts EPS of $1.13 on revenue of $2.65B.
Equinix had beat expectations on Wednesday, November 2, 2022 with third quarter EPS of $7.73 on revenue of $1.8B, compared to forecast for EPS of $1.83 on revenue of $1.84B.
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