Postal Realty: High Growth And Cheap Multiple

The Buy Thesis Postal Realty (PSTL) is substantially undervalued relative to its growth rate and the cleanliness of its business model. I believe the stability of Postal is overlooked due to the lack of analytical coverage on the niche in which PSTL operates. I think the actual business fundamentals warrant a substantially higher AFFO multiple (18X), equating to a stock price about 50% above the current market price ($23.58 versus the current $15.36). We shall begin with a conjecture as to why PSTL is tradi ...