In a report released yesterday, Ki Bin Kim from Truist Financial maintained a Hold rating on Postal Realty (PSTL – Research Report), with a price target of $15.00.
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Ki Bin Kim’s rating is based on a combination of positive and cautious factors surrounding Postal Realty Trust’s performance and future outlook. On the positive side, the company successfully resolved lease expirations with the USPS, covering a significant portion of their 2023 and 2024 leases, with a favorable annual cash escalation. Additionally, Postal Realty introduced its 2025 AFFO guidance, which exceeded both the consensus and Ki Bin Kim’s estimates, indicating a promising growth trajectory.
However, despite these positive developments, Ki Bin Kim remains cautious due to the broader economic environment and potential policy changes. The current cost-cutting measures led by President Trump and the Department of Government Efficiency (D.O.G.E) could impact the USPS and, consequently, Postal Realty’s operations. These external factors contribute to the Hold rating, as they introduce uncertainty that could affect the company’s future performance.
In another report released today, BMO Capital also maintained a Hold rating on the stock with a $15.00 price target.