CEDARHURST, N.Y. (AP) _ Postal Realty Trust, Inc. (PSTL) on Tuesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Cedarhurst, New York, said it had funds from operations of $4.3 million, or 26 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $671,000, or 4 cents per share.
Postal Realty Trust, based in Cedarhurst, New York, posted revenue of $9.5 million in the period.
The company's shares have risen 17% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.74, an increase of 31% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSTL at https://www.zacks.com/ap/PSTL
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