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Sep 30, 2022
Postal Realty Trust Q3 2022 Earnings Report
Reported third quarter results with revenue growth and strategic acquisitions.
Key Takeaways
Postal Realty Trust reported a strong third quarter with a 31% increase in revenues compared to the same period last year. The company acquired 66 USPS properties for $20.8 million and maintained a high occupancy rate of 99.7%.
Acquired 66 USPS properties for approximately $20.8 million.
Experienced 31% revenue growth compared to Q3 2021.
Net income attributable to common shareholders was $0.9 million, or $0.04 per diluted share.
Adjusted Funds from Operations (AFFO) was $6.1 million, or $0.26 per diluted share.
Forward Guidance
Postal Realty is well-positioned to continue creating value and deliver shareholder returns due to its credit tenant, the United States Postal Service, and a market-tested management team.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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