Postal Realty Trust: Q3 Earnings Snapshot
By AP News
Published - Nov 04, 2024, 04:55 PM ET
Last Updated - Dec 16, 2024, 05:41 PM EST
CEDARHURST, N.Y. (AP) — CEDARHURST, N.Y. (AP) — Postal Realty Trust, Inc. (PSTL) on Monday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.
The real estate investment trust, based in Cedarhurst, New York, said it had funds from operations of $8.8 million, or 30 cents per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 26 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.
