Postal Realty Trust reports Q3 AFFO 27c, consensus 25c

Reports Q3 revenue $16.11M, consensus $16.04M. “We delivered another successful quarter, adding over $24 million of postal properties to our portfolio and bringing us closer to achieving our 2023 acquisition target of $80 million. We are encouraged by the increase to transaction volumes and have managed to acquire at the top of our weighted average cap rate range this quarter,” stated Andrew Spodek, Chief Executive Officer. “Although we are optimistic about acquisition activity over the long-term, we will remain patient and diligent with deploying capital. Our business occupies a unique and niche space that has proved its resilience in past and present economic cycles, and we have invested in the growth of our company while maintaining conservative leverage. We are in a strong financial position with plenty of available liquidity and the financial flexibility to continue expanding our portfolio.”