Postal Realty Trust (NYSE:PSTL) Releases Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Posted by Michael Baxter on Nov 7th, 2024

Postal Realty Trust (NYSE:PSTL – Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23), Zacks reports. The firm had revenue of $19.67 million for the quarter, compared to analyst estimates of $18.49 million. Postal Realty Trust had a return on equity of 1.06% and a net margin of 4.55%. During the same period in the prior year, the company posted $0.27 EPS.

Postal Realty Trust Trading Down 0.3 %

Shares of PSTL traded down $0.05 on Thursday, reaching $14.48. 36,375 shares of the company’s stock were exchanged, compared to its average volume of 97,672. The business has a 50 day moving average price of $14.50 and a two-hundred day moving average price of $14.06. Postal Realty Trust has a 12 month low of $13.00 and a 12 month high of $15.15. The stock has a market capitalization of $333.47 million, a P/E ratio of 181.65, a price-to-earnings-growth ratio of 2.53 and a beta of 0.67. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.88.

Postal Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 4th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.96 dividend on an annualized basis and a yield of 6.63%. Postal Realty Trust’s payout ratio is presently 1,200.15%.

About Postal Realty Trust

(Get Free Report)

Postal Realty Trust, Inc (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions.