Postal Realty Trust Stock Price, News & Analysis

Postal Realty Trust, Inc. (NYSE: PSTL) has announced a quarterly dividend of $0.2375 per share, reflecting a 3.3% increase from the previous year. This dividend will be paid on May 31, 2023, to stockholders of record by May 5, 2023. CEO Andrew Spodek stated that the board decided to maintain the current dividend while retaining cash flow for future growth and balance sheet fortification. The company owns and manages over 1,700 postal properties, primarily leased to the United States Postal Service (USPS).

Postal Realty Trust, Inc. (NYSE: PSTL) announced plans to release its financial results for the quarter ending March 31, 2023 on May 2, 2023, after market close. The company owns and manages over 1,700 properties leased primarily to the United States Postal Service (USPS). A conference call to discuss these results will take place on May 3, 2023, at 8:30 A.M. ET. Interested investors can access the call via the company's investor website. A replay of the call will be available from 11:30 A.M. ET on May 3 until 11:59 P.M. ET on May 17. Further information about Postal Realty Trust can be found at postalrealtytrust.com.

Postal Realty Trust, Inc. (NYSE: PSTL) reported a strong financial performance for the year ended December 31, 2022, including the acquisition of 320 USPS properties for $123 million and 54 properties for $20.2 million in Q4 alone. Total revenue surged 33% year-over-year, with net income of $3.9 million ($0.15 per diluted share). The company raised its dividend by 4.4%, marking the fourteenth consecutive increase. Net debt stood at $196.2 million, with a 3.74% average interest rate, and a fully undrawn credit line of $150 million. The property portfolio was 99.7% occupied, enhancing the company's operational position for future growth opportunities.

Postal Realty Trust, Inc. (NYSE: PSTL) will report its financial results for the year ended December 31, 2022, on March 1, 2023, after market close. A conference call to discuss these results is scheduled for March 2, 2023, at 8:30 A.M. ET. The company, which manages over 1,650 properties primarily leased to the U.S. Postal Service, aims to provide insights into its operations and financial performance during the call. Investors can access the live audio webcast on the company’s investor website. A telephonic replay will be available from March 2 to March 16, 2023.

Postal Realty Trust, Inc. (NYSE:PSTL) has announced a quarterly dividend increase of $0.2375 per share, marking a 4.4% rise from Q4 2021. This increase reflects the company's commitment to returning value to shareholders, with dividends payable on February 28, 2023, to stockholders of record by February 15, 2023. Additionally, the press release provides tax treatment information for the 2022 dividends, totaling $0.9250 for the year. Investors are advised to consult tax professionals for specific implications. The company continues to manage over 1,650 postal properties primarily leased to the USPS.

Postal Realty Trust (NYSE: PSTL) reported strong growth in 2022, acquiring 320 properties for approximately $123 million. The company maintained a solid balance sheet with 100% of its debt fixed-rate and a $150 million undrawn credit facility. In Q4 2022, it collected 100% of rents and acquired 54 properties for about $20.2 million. The portfolio remains highly occupied at 99.7%, with an average rental rate of $8.74 per square foot. Despite a dynamic market, Postal Realty stands poised for continued consolidation within the postal asset sector.