Postal Realty Trust reported a 14% increase in revenues compared to the first quarter of 2023. The company acquired 29 USPS properties for $18.5 million at a weighted average capitalization rate of 7.8%. Net income attributable to common shareholders was $0.2 million, or $(0.01) per diluted share.
Acquired 29 USPS properties for approximately $18.5 million at a weighted average capitalization rate of 7.8%.
Revenues increased by 14% compared to the first quarter of 2023.
Net income attributable to common shareholders was $0.2 million, or $(0.01) per diluted share.
Funds from Operations (FFO) was $5.5 million, or $0.20 per diluted share.
The company is on track to achieve its full year acquisition guidance of $80 million at or above a 7.5% weighted average capitalization rate.
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