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Jun 30, 2023
Postal Realty Trust Q2 2023 Earnings Report
Reported second quarter results with revenue growth and strategic capital market activities.
Key Takeaways
Postal Realty Trust announced its second quarter 2023 results, featuring a 21% increase in revenues compared to the second quarter of 2022 and the acquisition of 39 USPS properties for $15.8 million. The company reported a net income of $1.0 million, or $0.03 per diluted share, and an AFFO of $6.8 million, or $0.27 per diluted share. Additionally, the company has set 100% of its debt to fixed rates and has no outstanding revolver balance.
Acquired 39 USPS properties for $15.8 million during the second quarter.
Experienced a 21% increase in revenues compared to the second quarter of 2022.
Net income attributable to common shareholders was $1.0 million, or $0.03 per diluted share.
Adjusted Funds from Operations (AFFO) was $6.8 million, or $0.27 per diluted share.
Forward Guidance
The company is well-positioned to continue adding accretive real estate to its portfolio that is important to the United States Postal Service and to support Postal Realty's future growth throughout all economic cycles.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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