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Stock impact report

Postal Realty Trust, Inc. Reports First Quarter 2024 Results

Postal Realty Trust, Inc. Class A (PSTL) 
Last postal realty trust, inc. class a earnings: 3/25 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
- Acquired 29 USPS Properties for $18.5 Million -- Acquired at a Weighted Average Capitalization Rate of 7.8% -- Raised $14 Million from ATM Program & OP Units to Fund Acquisitions -- Collected 100% of Contractual Rents - CEDARHURST, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,900 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, today announced results for the quarter ended March 31, 2024. Highlights for the Quarter Ended March 31, 2024 Acquired 29 USPS properties for approximately $18.5 million, excluding closing costs, at a weighted average capitalization rate of 7.8%14% growth in revenues from first quarter 2023 to first quarter 2024Net income attributable to common shareholders of $0.2 million, or $(0.01) per diluted shareFunds from Operations ("FFO") of $5. Show less Read more
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