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.
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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.