Postal Realty Trust announced a successful second quarter with a 17% increase in revenues compared to Q2 2023. The company acquired 70 USPS properties for $28.3 million at a 7.6% weighted average capitalization rate. Net income was $0.8 million, or $0.02 per diluted share, with AFFO at $7.5 million, or $0.26 per diluted share.
Acquired 70 USPS properties for $28.3 million at a weighted average capitalization rate of 7.6%.
Revenue increased by 17% compared to the second quarter of 2023.
Net income attributable to common shareholders was $0.8 million, or $0.02 per diluted share.
Adjusted Funds from Operations (AFFO) reached $7.5 million, or $0.26 per diluted share.
Company is on track to end the year at or above a 7.5% weighted average cap rate.
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