Postal Realty Trust's Q3 revenue up 24% on acquisitions strength

Postal Realty Trust

04/11/2025 21:17

Overview

Postal Realty Trust Q3 revenue grows 24% yr/yr

Company expands unsecured credit facilities to $440 mln

Outlook

Postal Realty Trust raises 2025 AFFO guidance to $1.30-$1.32 per diluted share

Postal Realty Trust says USPS operations unaffected by government shutdown

Result Drivers

REVENUE GROWTH - 24% increase in Q3 revenue attributed to programmatic leasing with USPS and operational efficiencies

PROPERTY ACQUISITIONS - Acquired 47 USPS properties for $42.3 mln at a 7.7% capitalization rate, supporting revenue growth

ATM PROGRAM - Raised $26 mln from ATM program in Q3 to fund acquisitions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Rental Income
$23.69 mln
Q3 Net Income
$4.88 mln
Q3 FFO
$11 mln
Q3 Income from Operations
$9.14 mln
Q3 Pretax Profit
$4.88 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Postal Realty Trust Inc is $16.25, about 8.7% above its November 3 closing price of $14.83

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 36 three months ago

Press Release: ID:nGNXc3nsKT

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)