Welcome to our dedicated page for Postal Realty Trust news (Ticker: PSTL), a resource for investors and traders seeking the latest updates and insights on Postal Realty Trust stock.
Postal Realty Trust, Inc. (PSTL) is an internally managed real estate investment trust (REIT) that focuses on owning and managing properties leased to the United States Postal Service (USPS). The company’s primary objective is to generate stockholder value by delivering risk-adjusted returns through the expansion of its portfolio of postal properties.
Founded with a clear vision, Postal Realty Trust offers a unique investment opportunity centered around the stability and reliability of income from USPS leases. USPS properties are known for their strategic importance and long-term lease agreements, making them a steady source of rental income.
Postal Realty Trust also operates through its taxable REIT subsidiary, which provides fee-based third-party management services for additional properties leased to the USPS. This diversification in services not only strengthens the company's revenue streams but also broadens its operational expertise in postal property management.
In recent years, the company has been actively expanding its portfolio. This strategic growth includes acquiring and leasing more USPS properties to enhance the scale and efficiency of its operations. By continuously optimizing its property management practices, Postal Realty Trust aims to maintain high occupancy rates and long-term lease agreements.
Financially, the company is positioned to provide consistent returns to its shareholders. The rental income received from USPS leases forms the bulk of Postal Realty Trust’s revenue, ensuring a steady and predictable cash flow. Moreover, the company maintains robust investor relations, keeping stakeholders informed about recent achievements, current projects, and future plans.
For those looking to invest in a stable and reliable REIT, Postal Realty Trust, Inc. represents a solid choice. The company's strong relationship with the USPS and its strategic management approach underscore its significance in the real estate market.
Postal Realty Trust (NYSE: PSTL), an internally managed REIT owning over 1,950 properties primarily leased to the USPS, has announced its participation in the 2024 Midwest IDEAS Investor Conference. The event will take place at The Gwen in Chicago, IL on August 28-29, 2024.
Key details:
- CEO Andrew Spodek, President Jeremy Garber, and CFO Robert Klein will present on August 28, 2024, at 9:15 AM Central Time
- A live webcast will be available on the company's website
- A replay will be accessible shortly after the event
- The company will host meetings with investors during the conference
This presentation offers an opportunity for investors to gain insights into Postal Realty Trust's operations and strategy.
Postal Realty Trust (NYSE: PSTL) reported its second quarter 2024 results. The company acquired 70 USPS properties for $28.3 million at a 7.6% capitalization rate and achieved 17% revenue growth compared to Q2 2023.
Net income attributable to common shareholders was $0.8 million ($0.02 per diluted share). Funds from Operations (FFO) were $6.5 million ($0.23 per diluted share), while Adjusted Funds from Operations (AFFO) were $7.5 million ($0.26 per diluted share). The portfolio was 99.6% occupied, with a weighted average rental rate of $9.67 per square foot.
Subsequent to quarter-end, the company declared a quarterly dividend of $0.24 per share. The balance sheet showed $3 million in cash and $272 million in net debt. The company also issued 364,701 shares through its equity offering program, raising $6.1 million.
Postal Realty Trust, Inc. (NYSE: PSTL), an internally managed REIT owning over 1,950 properties primarily leased to the USPS, has announced it will report its Q2 2024 financial results on August 6, 2024, after market close. The company will host a webcast and conference call at 4:30 P.M. Eastern Time on the same day to discuss the results.
Investors can access the live audio webcast on the company's investor website. To participate in the call, US and Canadian callers should dial 1-844-825-9789, while international callers should use 1-412-317-5180. A telephonic replay will be available from 8:30 P.M. Eastern Time on August 6 until August 20, 2024.
Postal Realty Trust (NYSE: PSTL) has declared a quarterly dividend of $0.24 per share on its Class A common stock, representing a 1.1% increase from the second quarter 2023 dividend. The dividend will be payable on August 30, 2024 to stockholders of record as of August 2, 2024. Postal Realty Trust is an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the United States Postal Service, ranging from last-mile post offices to industrial facilities.
Postal Realty Trust will present at Nareit's REITweek 2024 in New York.
CEO Andrew Spodek, President Jeremy Garber, and CFO Robert Klein will present on June 4 at 9:30 AM ET.
The company, which manages over 1,900 properties leased to the USPS, will also hold meetings with investors during the event from June 3 to June 6.
A live webcast will be available on Postal Realty's website, with a replay accessible shortly after.
Postal Realty Trust, Inc. reported its first quarter 2024 results, highlighting the acquisition of 29 USPS properties for $18.5 million, a 14% revenue growth, and positive net income figures. The company also raised funds through an ATM program and OP units, maintained 100% rental collection, and declared a quarterly dividend of $0.24 per share. The CEO expressed optimism about the company's performance and acquisition goals for the year.
Postal Realty Trust, Inc. (NYSE: PSTL) will participate in the BMO Annual Real Estate Conference and Janney Montgomery Scott Virtual Real Estate Conference. The company's CEO, President, and CFO will meet with the investment community to discuss the company's real estate investments primarily leased to the USPS.
Postal Realty Trust, Inc. declared a quarterly dividend of $0.24 per share for the first quarter of 2024, marking a 1.1% increase from the previous year. The dividend will be paid on May 31, 2024, to stockholders of record as of May 8, 2024.
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