Postal Realty Trust (PSTL) Misses Q1 EPS by 7c, Revenues Beat
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Postal Realty Trust, Inc. Reports First Quarter 2020 Results
May 14, 2020 4:05 PM EDT
- Acquired 83 USPS Properties for $30.5 million -
- Increased Rental Income 37% Quarter-Over-Quarter -
- Increased Quarterly Dividend by 18% -
CEDARHURST, N.Y.--(BUSINESS WIRE)-- Postal Realty Trust, Inc. (NYSE: PSTL) (the Company), an internally managed real estate investment trust that owns properties leased to the United States Postal Service (USPS), today announced results for the quarter ended March 31, 2020.
In the first quarter, we grew our rental income 37% on a sequential quarter basis and declared an 18% increase to our quarterly dividend, stated Andrew Spodek, Postal... More
