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. is an internally managed REIT that acquires, owns and manages properties leased primarily to the United States Postal Service, including last-mile post offices, flex properties and industrial facilities. Its news commonly centers on rental income, occupancy, lease renewals, USPS property acquisitions and portfolio expansion across a national postal real estate base.
Company updates also cover quarterly results, AFFO and acquisition guidance, Class A common stock dividends, at-the-market equity activity, unsecured credit facilities and credit ratings for Postal Realty LP. These releases connect operating performance to a USPS-leased portfolio and the capital sources used to fund acquisitions.
Postal Realty Trust, Inc. (NYSE: PSTL) will release its financial results for the second quarter ended June 30, 2021, on August 10, 2021, following market close. This real estate investment trust primarily owns properties leased to the USPS, totaling over 1,250 locations. A conference call will take place at 5:00 P.M. Eastern Time on the same day to discuss the results, with a live audio webcast accessible on the investor website. The replay of the call will be available until August 24, 2021.
Postal Realty Trust, Inc. (NYSE: PSTL) announced a quarterly dividend of $0.2225 per share on its Class A common stock, representing an 8.5% increase from the previous quarter. The dividend is set to be payable on August 27, 2021, to stockholders of record by August 13, 2021. The Company owns and manages over 1,250 properties leased primarily to the United States Postal Service (USPS), which includes a diverse range of facilities from last mile post offices to larger industrial properties.
Postal Realty Trust, Inc. (NYSE: PSTL) reported 100% rent collection for Q2 2021 and acquired 71 properties for approximately $30 million. The total portfolio, now encompassing 852 properties, stands at 3.6 million net leasable square feet with a weighted average rental rate of $8.68 per square foot. In 2021, the Company has acquired 125 properties for $56 million. As of July 6, agreements are in place for an additional 40 properties totaling $16 million. The equity activity includes issuing 319,702 shares at an average price of $20.02, generating about $6 million in net proceeds.
Postal Realty Trust (NYSE: PSTL) announced its addition to the Russell 2000® Index and the Russell 3000® Index, effective June 28, 2021. This inclusion highlights the Company's growth since its IPO over two years ago, focusing on properties leased to the USPS. The Russell 2000® Index is a key benchmark for small-cap companies and affects roughly $9 trillion in assets. CEO Andrew Spodek expressed optimism about the milestone, emphasizing the Company's commitment to delivering value to investors.
Postal Realty Trust (NYSE: PSTL) announced that executives will present at the Janney Montgomery Scott Virtual Real Estate & Lodging Conference on May 25, 2021, at 3:15 p.m. ET. A live audio webcast will be available on the company's investor website, with an archive accessible for 90 days post-event.
Additionally, PSTL will present at Nareit's REITweek: 2021 Investor Conference on June 9, 2021, at 8:45 a.m. ET, with a similar webcast arrangement. The company owns approximately 1,200 properties leased to USPS, focusing on last-mile and industrial facilities.
Postal Realty Trust (NYSE:PSTL) reported strong Q1 2021 results, highlighted by a 73% year-over-year growth in quarterly rental income and the acquisition of 54 properties for $25.8 million. The company raised $57.0 million through an equity offering and improved its balance sheet by repaying $13.7 million in mortgage financing. Net income allocable to common shareholders stood at $0.1 million, while Funds from Operations were $3.3 million. The company also announced a 10% increase in its quarterly dividend to $0.22 per share.
Postal Realty Trust, Inc. (PSTL) announced its financial results for the quarter ending March 31, 2021, will be reported on May 11, 2021, after the market closes. A conference call to discuss these results is set for the same day at 5:00 PM Eastern Time, with a live audio webcast available on the company's investor website. Postal Realty Trust owns over 1,200 properties leased to the USPS, including post offices and industrial facilities, affirming its strong position in the real estate investment sector.
Postal Realty Trust (NYSE:PSTL) announced a quarterly dividend of $0.22 per share, marking a 10% increase from the previous year. This dividend will be paid on May 28, 2021, to stockholders of record by May 14, 2021. The company manages over 1,200 properties, primarily leased to the United States Postal Service (USPS), focusing on last mile, flex, and industrial facilities. This increase in dividends reflects the company's confidence and commitment to returning value to its shareholders.
Postal Realty Trust (NYSE: PSTL) reported strong financial performance for the quarter and year ended December 31, 2020. The company acquired 36 postal properties for $62.6 million in Q4 and 261 properties totaling approximately $130 million throughout 2020, achieving over 100% growth in rental income. Despite a net loss of $0.35 million for the year, Funds from Operations (FFO) reached $8.5 million, or $0.85 per share. The quarterly dividend increased by 28% year-over-year to $0.2175 per share, marking the sixth consecutive increase. The portfolio remained fully occupied, covering 726 properties across 47 states.
Postal Realty Trust, Inc. (NYSE:PSTL) will report its financial results for Q4 2020 on March 23, 2021, after market close. A conference call will be held the same day at 5:00 P.M. ET, with a live audio webcast available on the company's investor website. Postal Realty Trust owns over 1,100 properties leased primarily to the USPS, positioning itself as one of the largest owners and managers in this sector. A telephonic replay of the call will be accessible from March 23 until April 6, 2021.