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. (NYSE: PSTL) is an internally managed real estate investment trust that owns and manages postal properties leased primarily to the United States Postal Service. This news page compiles company announcements, earnings results and transaction updates related to PSTL stock and its USPS-focused real estate portfolio.
Readers can find press releases on quarterly and annual results, where Postal Realty Trust reports rental income, portfolio occupancy, acquisition activity and REIT-specific metrics such as funds from operations (FFO) and adjusted funds from operations (AFFO). The company also issues updates on its acquisition of USPS-leased properties, including the number of properties acquired in a period, total acquisition costs, net leasable interior square feet added and weighted average capitalization rates.
News items also cover leasing developments with the USPS, such as fully executed new leases for properties with expiring leases, lump sum catch-up payments associated with rent increases and commentary on the strength of the company’s relationship with its primary tenant. In addition, Postal Realty Trust publishes information on capital markets activity, including amendments and expansions of its unsecured credit facilities, interest rate swaps, and issuances of common stock through its at-the-market equity offering program.
Corporate governance and leadership changes, such as the appointment of a new Chief Financial Officer or transitions in finance leadership, are disclosed through Form 8-K filings and accompanying press releases and are reflected in this news feed. Investors and researchers can use this page to review Postal Realty Trust’s historical announcements on dividends, guidance updates, conference participation and other material events affecting PSTL.
Postal Realty Trust (NYSE: PSTL), a REIT managing over 2,100 properties primarily leased to the United States Postal Service, has scheduled its Q1 2025 financial results announcement for April 30, 2025 after market close.
The company will host a webcast and conference call to discuss the results on May 1, 2025, at 9:00 A.M. Eastern Time. Investors can access the webcast through the company's investor website. U.S. and Canadian participants can dial 1-877-407-9208, while international callers should use 1-201-493-6784.
A replay will be available from 1:00 P.M. ET on May 1 through May 15, 2025, accessible via 1-844-512-2921 (US/Canada) or 1-412-317-6671 (international) using passcode 13750500.
Postal Realty Trust (NYSE: PSTL), a REIT managing over 2,100 properties primarily leased to the United States Postal Service, has announced a quarterly dividend of $0.2425 per share on its Class A common stock. The dividend represents a 1.0% increase from the first quarter 2024 dividend.
The dividend will be paid on May 30, 2025 to stockholders of record as of May 1, 2025. The company's portfolio includes various property types, from last-mile post offices to industrial facilities.
Postal Realty Trust (NYSE: PSTL) reported strong Q4 and full-year 2024 results, with significant portfolio growth and operational achievements. The company acquired 197 properties for $91 million in 2024 at a 7.6% cap rate, with rental income increasing 20% year-over-year.
Key financial metrics for 2024 include:
- AFFO of $1.16 per diluted share, up 8.4% from 2023
- Net income of $6.6 million ($0.21 per diluted share)
- FFO of $28.1 million ($0.97 per diluted share)
The company successfully executed new leases with 3% annual rent escalations and ten-year terms. The portfolio was 99.6% occupied, comprising 1,703 properties across 49 states. PSTL introduced 2025 AFFO guidance of $1.20-$1.22 per diluted share and announced a $25 million share repurchase program. The quarterly dividend was raised to $0.2425 per share, marking the seventh consecutive year of dividend increases.
Postal Realty Trust (NYSE: PSTL), an internally managed REIT that owns and manages over 2,000 properties primarily leased to the United States Postal Service, has scheduled its fourth quarter 2024 financial results announcement for February 26, 2025, after market close.
The company will host a webcast and conference call to discuss the results on February 27, 2025, at 9:00 A.M. Eastern Time. The live audio webcast will be available on the company's investor website. U.S. and Canadian participants can dial 1-877-407-9208, while international callers should use 1-201-493-6784.
A replay will be available from 1:00 P.M. ET on February 27 through March 13, 2025, accessible via 1-844-512-2921 (U.S./Canada) or 1-412-317-6671 (international) using passcode 13750499.
Postal Realty Trust (NYSE: PSTL) has announced a quarterly dividend increase of 1.0% to $0.2425 per share for Q4 2024, marking its seventh consecutive year of dividend growth. The dividend will be paid on February 28, 2025, to stockholders of record as of February 14, 2025.
The company, which owns and manages over 2,000 properties primarily leased to the United States Postal Service, also provided the tax characteristics of its 2024 dividends. For the tax year 2024, PSTL paid total dividends of $0.9600 per share, consisting of $0.6552 in ordinary dividends, $0.0088 in qualified dividends, $0.0088 in capital gain distributions, and $0.2960 in non-dividend distributions.
Postal Realty Trust (NYSE: PSTL) has announced a quarterly dividend increase of 1.0% to $0.2425 per share for Q4 2024, marking its seventh consecutive year of dividend growth. The dividend will be paid on February 28, 2025, to stockholders of record as of February 14, 2025.
The company, which owns and manages over 2,000 properties primarily leased to the United States Postal Service, also provided the tax characteristics of its 2024 dividends. For the tax year 2024, PSTL distributed total dividends of $0.96 per share, consisting of $0.6552 in ordinary dividends, $0.0088 in qualified dividends, $0.0088 in capital gain distributions, and $0.2960 in non-dividend distributions.
Postal Realty Trust (NYSE: PSTL) has provided its Q4 and full-year 2024 update, highlighting significant portfolio expansion and leasing activities. The company acquired 197 properties for $91 million in 2024, with a weighted average capitalization rate of 7.6%. These properties added 571,000 net leasable square feet at $13.61 per square foot.
The company made substantial progress in lease renewals, securing 88 new leases representing 85% of 2023 expired rent and 118 leases covering 95% of 2024 expired rent. Notable improvements include 3% annual rent escalations and extended lease terms. The portfolio maintained a 99.6% occupancy rate across 1,703 properties in 49 states, with a weighted average rental rate of $10.60 per square foot.
In Q4 2024, PSTL acquired 63 properties for $30.7 million. The company drew $10 million on a term loan with a fixed interest rate of 5.55% through February 2028. By year-end, 95% of the company's debt was fixed-rate, with $136 million available on its revolving credit facility.
Postal Realty Trust (NYSE: PSTL), an internally managed REIT owning and managing over 2,000 properties leased to the USPS, announced its participation in two key conferences. Andrew Spodek, CEO, Jeremy Garber, President, and Robert Klein, CFO, will attend Nareit’s REITworld: 2024 Annual Conference in Las Vegas, NV from November 19-20, 2024. They will engage with the investment community during the event. Additionally, the Company will present at the 2024 Southwest IDEAS Conference in Dallas, TX on November 21, 2024, at 10:00 AM Central Time. A live webcast of the presentation will be available on the Postal Realty Trust website, with a replay accessible shortly after the event.
Postal Realty Trust (NYSE: PSTL) reported strong Q3 2024 results with 22% year-over-year revenue growth. The company achieved net income of $1.1 million ($0.03 per diluted share), FFO of $7.1 million ($0.24 per diluted share), and AFFO of $8.8 million ($0.30 per diluted share). During Q3, PSTL acquired 35 USPS properties for $13.3 million at a 7.5% cap rate. The company secured new leases with 3% annual escalations for all 2023 and 2024 negotiated properties. Post-quarter, PSTL increased term loan commitments by $50 million and maintained a high occupancy rate of 99.6% across its 1,642 properties.
Postal Realty Trust (NYSE: PSTL), a REIT managing over 2,000 properties primarily leased to the USPS, will release its Q3 2024 financial results on November 4, 2024, after market close. The company will host a webcast and conference call to discuss the results on November 5, 2024, at 9:00 A.M. Eastern Time. A replay will be available from 1:00 P.M. Eastern Time on November 5 through November 19, 2024.