BMO Capital upgraded Postal Realty Trust (PSTL) to Outperform from Market Perform with a price target of $23, up from $21. The firm says the company has a “unique” business model focused on acquiring assets leased to the United States Postal Service. With a new, 3% annual escalator lease structure being implemented and a 100% rent collection rate, Postal Realty has the highest same store net operating income growth, the analyst tells investors in a research note.
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