Postal Realty Trust, Inc. Reports First Quarter 2020 Results
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Postal Realty Trust (PSTL) Misses Q1 EPS by 7c, Revenues Beat
May 14, 2020 4:15 PM EDTPostal Realty Trust (NYSE: PSTL) reported Q1 EPS of ($0.14), $0.07 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $5.2 million versus the consensus estimate of $4.37 million.
Highlights for Quarter Ended March 31, 2020
Completed acquisitions of 83 USPS properties for $30.5 million which included issuing 483,333 OP unitsGrew rental income 37% sequentially to $4.3 million, reflecting the contribution from acquired propertiesGAAP net loss to common stockholders was $(677,755), or $(0.14) per diluted shareFunds... More