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Mar 31, 2023
Postal Realty Trust Q1 2023 Earnings Report
Reported first quarter results, marked by strategic acquisitions and lease renewals.
Key Takeaways
Postal Realty Trust reported a positive first quarter, acquiring 39 USPS properties for $17.2 million and achieving 27% revenue growth compared to Q1 2022. The company also executed a non-binding letter of intent with the USPS for lease renewals.
Acquired 39 USPS properties for $17.2 million during the first quarter.
Achieved 27% revenue growth compared to the first quarter of 2022.
Net income attributable to common shareholders was $0.3 million, or $0.00 per diluted share.
Executed a non-binding letter of intent with the USPS for the renewal of leases expired in 2022.
Forward Guidance
The company anticipates overall acquisition activity to be lower in 2023 than last year, as market participants continue to adjust their price expectations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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