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Postal Realty Trust shared its earnings for last quarter, showing a 9.1% rise in profit per share.

ResultsRead the original at Benzinga
Good for PSTL

Postal Realty Trust grew its per-share cash-flow measure by 9.1%, raised its full-year forecast, and lowered debt. The $117 million raised through its share-sale program may shrink existing owners’ portions, but the business gains outweigh that concern.

PSTL · Postal Realty Trust

AI read · Good for PSTL

The AI's read

The higher cash flow per share, a third increase to the full-year forecast, and lower debt point to improving business results. Its properties were 99.8% occupied, and its historical lease retention rate was 99.6%. The company also raised $117 million through its share-sale program, which may leave current owners with a smaller portion. The business gains outweigh that concern.

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