Postal Realty Trust reports Q4 AFFO 28c, consensus 25c

Reports Q4 revenue $14.9M, consensus $14.25M. "Postal Realty had another strong year, with acquisitions well surpassing $100 million in 2022, exemplifying the strength of our company. We continue to be selective in the mix of assets that we acquire amidst a challenging capital market and macroeconomic environment," stated Andrew Spodek, Chief Executive Officer. "As we look into 2023, we will continue to take a measured approach, being patient and judicious in focusing on acquiring properties at attractive cap rates. This may lead to lighter transaction volume in the first half of the year as buyers and sellers continue to adjust price expectations. Nevertheless, our acquisition opportunity remains robust with significant capacity for future growth, and we expect acquisitions will ramp up in the second half of 2023. We are in an optimal position operationally and financially to pursue attractive opportunities as we continue to consolidate post offices in this large, fragmented market."