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CEDARHURST, N.Y. - Postal Realty Trust, Inc. (NYSE:PSTL), a $461 million market cap REIT with an impressive 6.46% dividend yield, announced Wednesday that Chief Financial Officer Robert Klein will resign to join a privately-held real estate company. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.13 out of 5, suggesting strong operational fundamentals.
Jeremy Garber, the company’s president, treasurer and secretary, will serve as interim CFO while the company searches for a permanent replacement, according to a press release statement.
Klein, who joined the company in 2021, will initially remain as an employee and later transition to a consultant role to ensure a smooth handover of responsibilities. He will continue to be involved with the company’s second quarter close, earnings announcement, and the filing of quarterly financial reports for the period ending June 30, 2025. The company has demonstrated strong operational performance, with revenue growing 23.36% in the last twelve months.
"I am proud of what we have accomplished during my time with Postal, and I thank Andrew and the entire Postal Realty team for the opportunity to serve as CFO over the past four and a half years," Klein said.
Garber, who has been with Postal Realty since its founding, previously served as Principal Financial Officer before Klein’s hiring and oversaw the company’s accounting and finance department.
CEO Andrew Spodek acknowledged Klein’s contributions, including "building a high performing accounting and finance team, developing robust financial reporting processes and positioning us with a strong balance sheet."
Postal Realty Trust is a real estate investment trust that owns and manages over 2,150 properties leased primarily to the United States Postal Service, ranging from last-mile post offices to industrial facilities. The stock is currently trading near its 52-week high, with analysts maintaining a bullish outlook. For deeper insights into PSTL’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US equities.
In other recent news, Postal Realty Trust Inc. reported strong financial results for Q1 2025, exceeding both earnings and revenue forecasts. The company achieved an earnings per share of $0.06, surpassing the expected $0.05, and reported revenue of $22.15 million, well above the forecasted $18.58 million. Postal Realty Trust maintained a high occupancy rate of 99.8% and increased its quarterly dividend by 1%, reflecting its robust operational performance. The company also provided an optimistic outlook for 2025, projecting an adjusted funds from operations (AFFO) guidance of $1.20-$1.22 per share and an anticipated acquisition volume between $80 million and $90 million. Additionally, Postal Realty Trust announced the results of its 2025 Annual Meeting of Stockholders, where shareholders elected five directors and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year. Shareholders also approved the advisory vote on executive compensation and expressed a preference for annual votes on this matter. These developments underscore Postal Realty Trust’s strategic positioning and commitment to shareholder interests.
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