NYSE$PSTL

Postal Realty Trust Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported solid results with progress on re-leasing and capital raising.

Postal Realty Trust reported solid Q3 2024 results, marked by progress in re-leasing efforts and successful capital raising. The company acquired 35 USPS properties for $13.3 million and saw 21% of its portfolio benefit from rent escalations. Subsequent to quarter end, they increased term loan commitments by $50 million.

  • Agreed to new rents on all 2023 & 2024 negotiated leases.
  • Increased term loan commitments by $50 million.
  • Acquired 35 USPS properties for $13.3 million at a weighted average capitalization rate of 7.5%.
  • The Company’s owned portfolio was 99.6% occupied, comprised of 1,642 properties across 49 states and one territory.

Headline financials

Total Revenue

$19.7M

Previous: $16.1M+22.1%
EPS (adj)

$0.30

Previous: $0.27+11.1%
Capital Expenditures

-$2.19M

Previous: -$2.09M-4.7%
Free Cash Flow

-$1.12M

Previous: -$926K-20.8%
Net Income

$1.07M

Previous: $1.17M-8.1%
Operating Income

$4.79M

Previous: $3.83M+25.0%
Gross Profit

$19.7M

Previous: $16.1M+22.1%
Cash & Equivalents

$970K

Previous: $2.46M-60.6%
Total Assets

$615M

Previous: $554M+11.1%
Stock-Based Comp

$1.44M

Previous: $1.32M+8.5%

Revenue & EPS history

Postal Realty Trust · Revenue · Quarterly

$19.7M

Q3 2024+22.1%vs Q3 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

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 Q3 2024

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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