Postal Realty Trust reports Q1 FFO 32c, consensus 30c

Reports Q1 revenue $22.2M, consensus $21.1M. The Company’s owned portfolio was 99.8% occupied, comprised of 1,738 properties across 49 states and one territory with approximately 6.5 million net leasable interior square feet and a weighted average rental rate of $10.90 per leasable square foot based on rents in place as of March 31, 2025. The weighted average rental rate consisted of $13.07 per leasable square foot on last-mile and flex properties, and $4.12 on industrial properties. “2025 is off to a strong start, with continued momentum in our re-leasing efforts and a healthy pace of acquisitions,” said Andrew Spodek, CEO. “We’ve agreed to new rents for leases through 2026 and are turning our attention to 2027 re-leasing. Our secure and increasingly visible cash flows are supported by long-term leases and rent escalations that further strengthen our internal organic growth profile.”