Bradley & Daytona Railway & Land Co. LLC Increases Stake in Power REIT Series A Preferred Stock to 7.1%

On May 15, 2026, Bradley & Daytona Railway & Land Co. LLC filed an Amendment No. 3 to their Schedule 13D regarding Power REIT (PW). The filing reveals that the reporting person now beneficially owns 23,772 shares of the Issuer’s Series A Cumulative Redeemable Perpetual Preferred Stock. This position represents approximately 7.1% of the class, based on 336,944 shares outstanding as of March 31, 2026. The reporting person, managed by Alexander Kachmar, holds sole voting and dispositive power over all 23,772 shares. This amendment follows previous filings made in February and April 2026, reflecting continued activity in the security. The transactions leading to this updated position occurred since the filing of Amendment No. 2 on April 24, 2026. The reporting person is organized in Wyoming and maintains a principal business address in Crestview, Florida. No shared voting or dispositive powers were reported in this filing.