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Power REIT reports 'impressive' 1Q with 142% year-over-year core FFO growth

Power REIT reports 'impressive' 1Q with 142% year-over-year core FFO growth

Power REIT (NYSEAMERICAN:PW) CEO David Lesser tells Proactive the group had another 'exciting' quarter driven by a slew of acquisitions, growing its Core Funds from Operations (FFO) by an 'impressive' 142% year-over-year to $0.46 per share.

Lesser says the group continues to develop its cannabis greenhouse business park strategy in Colorado, and believes the group can continue this kind of growth in future quarters within Colorado and other US states.

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