Postal Realty Trust: Q4 Earnings Snapshot
By AP News
Published - Mar 01, 2023, 06:03 PM ET
Last Updated - Jun 22, 2023, 06:32 PM EDT
CEDARHURST, N.Y. (AP) — CEDARHURST, N.Y. (AP) — Postal Realty Trust, Inc. (PSTL) on Wednesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.
The Cedarhurst, New York-based real estate investment trust said it had funds from operations of $6.6 million, or 28 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 25 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
