Postal Realty Trust (PSTL) Misses Q4 EPS by 9c, Revenues Beat

Postal Realty Trust (NYSE: PSTL) reported Q4 EPS of ($0.16), $0.09 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $3.86 million versus the consensus estimate of $3.25 million.

“Since our IPO, less than a year ago, we completed approximately $88 million in acquisitions, which doubled our revenue, properties owned and square footage,” stated Andrew Spodek, Postal Realty Trust, Inc.’s Chief Executive Officer. “We take great pride in the ability to offer our shareholders a highly visible, U.S. Government-backed revenue stream generated by a mission critical service, the Postal Service. We believe the growth of our portfolio and the creditworthiness of our tenant positions us to grow our earnings and dividend in 2020 and beyond. Current macro-economic challenges notwithstanding, we are confident about the long-term prospects for Postal Realty. Our portfolio is fully occupied, highly geographically diversified and provides a strong risk-adjusted return for our shareholders.”

Mr. Spodek concluded, “Through my 10b5-1 purchasing plan, I have been acquiring shares in the open market over the last several weeks in compliance with the federal securities laws. I have a high conviction on the strength of the business model and am further aligning myself with our shareholders.”

For earnings history and earnings-related data on Postal Realty Trust (PSTL) click here.

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