NYSE:PSTLOffice REITs
Postal Realty Trust (PSTL) Stock Gains Backing From Higher AFFO Guidance
Postal Realty Trust stock inched up 0.9% to US$23.33 into the close, a calm move for a real estate investment trust that just posted a very loud message on earnings power. The headline is simple: Adjusted funds from operations per share, the core cash earnings metric for REITs, came in at US$0.36 and management nudged full year guidance higher while keeping leverage in check.
The market treated today as business as usual. The numbers point to a stronger story building quietly underneath that...