NYSE$PSTL
Postal Realty Trust Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported second quarter 2024 results, marked by revenue growth and strategic property acquisitions.
Postal Realty Trust announced a successful second quarter with a 17% increase in revenues compared to Q2 2023. The company acquired 70 USPS properties for $28.3 million at a 7.6% weighted average capitalization rate. Net income was $0.8 million, or $0.02 per diluted share, with AFFO at $7.5 million, or $0.26 per diluted share.
- Acquired 70 USPS properties for $28.3 million at a weighted average capitalization rate of 7.6%.
- Revenue increased by 17% compared to the second quarter of 2023.
- Net income attributable to common shareholders was $0.8 million, or $0.02 per diluted share.
- Adjusted Funds from Operations (AFFO) reached $7.5 million, or $0.26 per diluted share.
Headline financials
Revenue & EPS history
Postal Realty Trust · Revenue · Quarterly
$18.1M
Forward guidance
Company is on track to end the year at or above a 7.5% weighted average cap rate.
Tailwinds
- New five-year leases include 3% annual rent escalations.
- On track to end the year at or above a 7.5% weighted average cap rate.
- Strong financial position.
- Minimal near-term debt maturities.
- Plenty of available liquidity to continue expanding the portfolio.
Headwinds
- USPS’s terminations or non-renewals of leases
- Changes in demand for postal services delivered by the USPS
- The solvency and financial health of the USPS
- Competitive, financial market and regulatory conditions
- General real estate market conditions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+2.6%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+1.8%
Avg return
30 days after
68%
19 / 28 earnings
Positive
+22.6%
Q4 2019
Best reaction
-4.9%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.7% | +6.6% | +3.6% | |
| Q4 2025 | +3.6% | +7.7% | -5.9% | |
| Q3 2025 | +3.3% | +5.6% | +2.4% | |
| Q1 2025 | -3.7% | -4.1% | +4.5% | |
| Q4 2024 | +13.0% | +11.8% | +13.1% | |
| Q3 2024 | +1.6% | +1.2% | -2.4% | |
| Q2 2024 | +2.3% | +1.7% | +2.6% | |
| Q1 2024 | -1.5% | -1.5% | -4.6% | |
| Q4 2023 | +0.9% | +2.3% | +1.9% | |
| Q3 2023 | -0.7% | +4.0% | +4.8% | |
| Q2 2023 | +0.0% | -0.4% | -2.9% | |
| Q1 2023 | -0.1% | -2.0% | -4.7% | |
| Q4 2022 | +0.9% | +3.6% | +4.0% | |
| Q3 2022 | +0.8% | +1.1% | -1.3% | |
| Q2 2022 | +2.0% | -2.6% | -11.7% | |
| Q1 2022 | -4.9% | -5.0% | -5.1% | |
| Q4 2021 | -0.8% | -2.1% | -4.8% | |
| Q3 2021 | +0.3% | -3.6% | -10.1% | |
| Q2 2021 | +2.6% | +1.2% | -3.1% | |
| Q1 2021 | +1.6% | +0.0% | +4.3% | |
| Q4 2020 | +4.2% | +8.6% | +19.0% | |
| Q3 2020 | +4.1% | +5.3% | +8.5% | |
| Q2 2020 | -2.5% | -4.5% | -4.3% | |
| Q1 2020 | +12.7% | +20.5% | +11.7% | |
| Q4 2019 | +22.6% | +22.8% | +28.5% | |
| Q3 2019 | -2.2% | -1.3% | -1.7% | |
| Q2 2019 | +2.8% | +4.6% | +2.5% | |
| Q1 2019 | +8.5% | +8.7% | +1.5% | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro