As previously reported, Scotiabank initiated coverage of Postal Realty Trust (PSTL) with an Outperform rating and $23 price target Postal Realty Trust solely owns and acquires buildings leased to the U.S. Postal Service, which is an investment strategy “unique among U.S. REITs and difficult to replicate,” says the analyst, who estimates a two-year AFFO per share compound annual growth rate at 7.4%, compared to 3.9% for Net Lease peers.
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Read More on PSTL:
- Postal Realty Trust initiated with an Outperform at Scotiabank
- Postal Realty Trust upgraded to Outperform from Market Perform at BMO Capital
- Buy Rating on Postal Realty (PSTL) Driven by USPS-Focused Strategy, Rent Escalators, and Consolidation Upside
- Postal Realty Trust Acquires 12-Property USPS-Leased Portfolio
- Postal Realty Trust price target raised to $20 from $17 at JPMorgan