Postal Realty Trust Q1 2024 FFO $0.25 Beats $0.21 Estimate, Sales $17.287M Beat $17.120M Estimate
Portfolio Pulse from Benzinga Newsdesk
Postal Realty Trust (NYSE:PSTL) reported Q1 2024 FFO of $0.25 per share, surpassing the $0.21 estimate, and sales of $17.287M, exceeding the $17.120M estimate. This represents a 7.41% decrease in earnings per share and a 14.12% increase in sales compared to the same period last year.
May 07, 2024 | 9:50 pm
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POSITIVE IMPACT
Postal Realty Trust reported a strong Q1 2024 with FFO and sales beating estimates, indicating robust operational performance despite a slight decrease in earnings per share compared to last year.
The positive earnings and sales beat by Postal Realty Trust suggest a strong operational performance, which is likely to be viewed favorably by investors. Despite the year-over-year decrease in earnings per share, the overall growth in sales and beating of estimates are positive indicators that could lead to a short-term uptick in PSTL's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100