Pittsburgh & West Virginia Railroad · Charleston, WV United States ·(NYSE Alternext: PW)
Company Description
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All the livelong day, Pittsburgh & West Virginia Railroad owns the property and business of a small railroad leased to Norfolk Southern Corporation . The railroad's 112 miles of main-line track extend from Ohio through West Virginia to Pennsylvania. The property also includes some 20 miles of branch lines and other assets used in the operation of the railroad, such as real estate, machinery and equipment (except for locomotives and rail cars), and supplies. Norfolk Southern maintains and manages the properties. A real estate investment trust (REIT), Pittsburgh & West Virginia Railroad receives $915,000 rent annually, an amount that is fixed for the duration of the lease, which expires in 2063. To read the full description, subscribe now.
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Key Pittsburgh & West Virginia Railroad Financials
| Company Type | Public - NYSE Alternext: PW Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $0.9 |
| Employees | 3 |
Pittsburgh & West Virginia Railroad Executives
6 executives listed for Pittsburgh & West Virginia Railroad's Charleston, WV location.
| Title | Name & Bio | Contact |
| Chairman and Trustee | Herbert Jones | Network |
| President and Trustee | Herbert Jones | Network |
| VP, Secretary, and Treasurer | Robert McCoy | Network |
Competition
Competitive Landscape for Pittsburgh & West Virginia Railroad
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top Pittsburgh & West Virginia Railroad Competitors
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