Subsequent Events	6 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	6. SUBSEQUENT EVENTS On July 12, 2019, Power REIT (the “Trust”) acquired two properties located in southern Colorado (the “Properties”) through a newly formed wholly owned subsidiary of a newly formed wholly owned subsidiary of the Trust (the “PropCo”). The properties were acquired for a combined total of $1,770,000 and is comprised of 7.31 acres. The properties have 2 existing greenhouses and processing facilities totaling 18,612 square feet. The purchase price of $1,770,000 plus acquisition expenses was paid with existing working capital. Propco has entered into two cross-collateralized and cross-defaulted triple-net leases (the “Leases”) with JAB Industries Ltd. (“Tenant”) for the Properties. The leases provide that Tenant is responsible for paying all expenses related to the Properties, including maintenance expenses, insurance and taxes. The term of each of the leases is 20 years and provides two options to extend for additional five-year periods. The leases also have financial guarantees from affiliates of the Tenant. The Tenant intends to operate the Properties as licensed cannabis cultivation and processing facilities. The rent for each of the leases is structured whereby after a six-month free-rent period, the rental payments provide Power REIT a full return of invested capital over the next three years in equal monthly payments. After the 42nd month, rent is structured to provide a 12.5% return on the original invested capital amount which will increase at a 3% rate per annum. At any time after year six, if cannabis is legalized at the federal level, the rent will be readjusted down to an amount equal to a 9% return on the original invested capital amount and will increase at a 3% rate per annum based on a starting date of the start of year seven. On July 23, 2019, the Registrant declared a quarterly dividend of $0.484375 per share on Power REIT’s 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on September 15, 2019 to shareholders of record on August 15, 2019.

Subsequent Events

6 Months Ended

Jun. 30, 2019

6. SUBSEQUENT EVENTS

On July 12, 2019, Power REIT (the “Trust”) acquired two properties located in southern Colorado (the “Properties”) through a newly formed wholly owned subsidiary of a newly formed wholly owned subsidiary of the Trust (the “PropCo”). The properties were acquired for a combined total of $1,770,000 and is comprised of 7.31 acres. The properties have 2 existing greenhouses and processing facilities totaling 18,612 square feet. The purchase price of $1,770,000 plus acquisition expenses was paid with existing working capital.

Propco has entered into two cross-collateralized and cross-defaulted triple-net leases (the “Leases”) with JAB Industries Ltd. (“Tenant”) for the Properties. The leases provide that Tenant is responsible for paying all expenses related to the Properties, including maintenance expenses, insurance and taxes. The term of each of the leases is 20 years and provides two options to extend for additional five-year periods. The leases also have financial guarantees from affiliates of the Tenant. The Tenant intends to operate the Properties as licensed cannabis cultivation and processing facilities.

The rent for each of the leases is structured whereby after a six-month free-rent period, the rental payments provide Power REIT a full return of invested capital over the next three years in equal monthly payments. After the 42nd month, rent is structured to provide a 12.5% return on the original invested capital amount which will increase at a 3% rate per annum. At any time after year six, if cannabis is legalized at the federal level, the rent will be readjusted down to an amount equal to a 9% return on the original invested capital amount and will increase at a 3% rate per annum based on a starting date of the start of year seven.

On July 23, 2019, the Registrant declared a quarterly dividend of $0.484375 per share on Power REIT’s 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on September 15, 2019 to shareholders of record on August 15, 2019.