Postal Realty Trust, Inc. (PSTL) Q3 2024 Earnings Call Transcript Summary
Postal Realty Trust, Inc. (PSTL) Q3 2024 Earnings Call Transcript Summary
The following is a summary of the Postal Realty Trust, Inc. (PSTL) Q3 2024 Earnings Call Transcript:
以下是邮政房地产信托公司(PSTL)2024年第三季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Q3 2024 delivered funds from operations (FFO) at $0.24 per diluted share and adjusted funds from operations (AFFO) at $0.30 per diluted share.
Net debt to annualized adjusted EBITDA reduced to 5.6 times from 6.1 times in Q2.
2024年第三季度运营资金(FFO)以摊薄每股0.24美元的价格交付,调整后的运营资金(AFFO),摊薄后每股0.30美元。
净负债占年化调整后息税折旧摊销前利润的比例从第二季度的6.1倍降至5.6倍。
Business Progress:
业务进展:
Postal Realty Trust has experienced notable progress in re-leasing and demonstrated robust same-store cash NOI projections for 2023 through 2025.
Executed new leasing approaches with the Postal Service, forecasting NOI growth of over 4% in 2023, at least 3.25% in 2024, and 3% in 2025.
Completed $64 million in acquisitions for the year and placed additional properties under contract.
Sold two properties at a 4.9% cap rate, transitioning from acquisitions to focusing on recycling assets and re-deploying proceeds.
邮政房地产信托基金在再租赁方面取得了显著进展,并对2023年至2025年的同店现金净收入做出了强劲的预测。
与邮政总局执行了新的租赁方法,预计2023年净资产净收益将增长4%以上,2024年至少增长3.25%,2025年增长3%。
该年度完成了6400万美元的收购,并根据合同签订了更多房产。
以4.9%的上限率出售了两处房产,从收购过渡到专注于回收资产和重新分配收益。
Opportunities:
机会:
Acquisitions are targeted to reach $90 million at a 7.5% weighted average cap rate for 2024.
Continuation of asset recycling to redeploy capital more accretively.
2024年的收购目标是以7.5%的加权平均市值率达到9000万美元。
继续进行资产回收以更有成效地重新部署资本。
Risks:
风险:
The Q3 acquisition volume was lighter than anticipated, which could suggest variability in acquisition pace and potential challenges in consistently meeting targeted growth.
第三季度的收购量低于预期,这可能表明收购步伐的变化以及持续实现目标增长的潜在挑战。
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