Postal Realty Q1 AFFO $0.25/shr, acquires 29 USPS properties for $18.5M

Postal Realty Trust, Inc.

2024-Q1 EPS reported -$0.01 revenue$17,287,000

Net income $0.2M; FFO $5.5M ($0.20/shr); AFFO $6.9M ($0.25/shr).
Revenue grew 14% YoY; 100% of contractual rents collected.
Acquired 29 USPS properties for $18.5M at 7.8% weighted avg cap rate.
Quarterly dividend declared $0.24/shr ($0.96 annualized), paid May 31.
FY 2024 acquisition guidance reaffirmed at $80M at/above 7.5% cap rate.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Postal Realty Trust, Inc. reported the quarter ended March 31, 2024 results: revenue 14% growth in revenues from first quarter 2023 to first quarter 2024, net income Net income attributable to common shareholders of $0.2 million, or $(0.01) per diluted share, EPS $(0.01) per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: 14% growth in revenues from first quarter 2023 to first quarter 2024
Net income: Net income attributable to common shareholders of $0.2 million, or $(0.01) per diluted share
EPS: $(0.01) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Postal Realty Trust, Inc. (the “Company”) issued a press release on May 7, 2024 announcing its financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001628280-24-021180

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