Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share

POWER REIT

301 Winding Road, Old Bethpage, NY, 11804

The Reporting Persons may be deemed to beneficially own 20,680 shares of the Issuer's Series A Preferred Stock, representing 6.14% of the Issuer's outstanding Series A Preferred Stock, which is calculated based on 336,944 shares of Series A Preferred Stock outstanding as of December 31, 2025, as disclosed by the Issuer in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 31, 2026.

The Reporting Persons has sole voting and dispositive power of 20,680 shares of Series A Preferred Stock. The Reporting Person does not share any voting or dispositive power with respect to his ownership of the Series A Preferred Stock.

The transactions in the Series A Preferred Stock by the Reporting Person since the filing of the original Schedule 13D on February 25, 2026, are set forth in Exhibit 99.A and are incorporated herein by reference.