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Jun 30, 2022
Postal Realty Trust Q2 2022 Earnings Report
Reported second quarter results, featuring revenue growth and strategic acquisitions.
Key Takeaways
Postal Realty Trust reported a successful second quarter, marked by a 35% increase in revenues compared to the same period last year and the acquisition of 150 USPS properties for $55.1 million. The company's portfolio remains highly occupied at 99.7%, and strategic capital deployment is ahead of historical cadence.
Acquired 150 USPS properties for approximately $55.1 million.
Revenues increased by 35% compared to the second quarter of 2021.
Net income attributable to common shareholders was $1.0 million, or $0.04 per diluted share.
Adjusted Funds from Operations (AFFO) was $5.5 million, or $0.24 per diluted share.
Forward Guidance
Postal Realty Trust is well-positioned to drive growth throughout all market cycles with a favorable lease structure, conservative balance sheet and sufficient liquidity to pursue and transact on our proprietary pipeline of opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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