Postal Realty Trust, Inc. (PSTL) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues [+]	53.3	39.9	24.7	11.3
Lease / rental			20.3	8.9
Other income	2.5	1.7	1.4	1.1
Revenue growth	33.5%	61.9%	118.6%
Cost of goods sold [+]	12.8	9.4	5.0	2.6
Real estate taxes and insurance	7.2	5.4	3.1	1.4
Other direct costs	5.6	4.0	1.9	1.2
Gross profit	40.5	30.6	19.7	8.7
Gross margin	76.0%	76.5%	79.7%	77.2%
Selling, general and administrative [+]	13.1	10.6	8.2	4.8
General and administrative	13.1	10.6	8.2	4.8
EBITDA [+]	27.4	19.9	6.8	1.8
EBITDA growth	37.8%	194.7%	278.4%
EBITDA margin	51.4%	49.8%	27.4%	15.8%
Depreciation	10.7	7.7	4.5	1.7
EBITA	16.7	12.2	2.3	0.1
EBITA margin	31.3%	30.6%	9.2%	0.6%
Amortization of intangibles	7.0	6.3
EBIT [+]	9.7	5.9	2.3	0.1
EBIT growth	63.9%	161.5%	3202.9%
EBIT margin	18.2%	14.8%	9.2%	0.6%
Interest expense, net [+]	5.4	2.7	2.3	1.1
Interest expense	5.4	2.7	2.3	1.1
Interest income	0.0	0.0	0.0	0.0
Other income (expense), net [+]	0.4	-0.5	-0.5	-0.4
Gain (loss) on debt retirement		-0.2		-0.2
Pre-tax income	4.8	2.7	-0.6	-1.5
Income taxes	0.0	0.1	0.1	0.0
Tax rate	0.3%	4.2%
Minority interest	0.9	0.5	0.3	0.5
Net income	3.9	2.1	-0.4	-1.5
Net margin	7.2%	5.1%	-1.4%	-13.3%

Basic EPS [+]	$0.21	$0.15	($0.10)	($0.29)
Growth	38.4%	-249.4%	-65.3%
Diluted EPS [+]	$0.21	$0.15	($0.05)	($0.29)
Growth	38.4%	-398.8%	-82.7%

Dividends per share [+]	$1.16	$0.89	$0.79	$0.67
Growth	31.4%	12.0%	18.0%

Shares outstanding (basic) [+]	18.5	13.7	3.5	5.2
Growth	35.5%	290.4%	-32.1%
Shares outstanding (diluted) [+]	18.5	13.7	7.0	5.2
Growth	35.5%	95.2%	35.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.