Postal Realty Trust Stock Price, News & Analysis

Postal Realty Trust, Inc. (NYSE: PSTL) has successfully completed its public offering of 4,887,500 shares of Class A common stock, raising approximately $83 million. This marks a total of about $147 million raised through common equity in 2021. The funds will be used for general corporate purposes, including property acquisitions and capital expenditures. The company continues to focus on expanding its portfolio, primarily consisting of properties leased to the United States Postal Service.

Postal Realty Trust, Inc. (NYSE: PSTL) has announced a public offering of 4,250,000 shares of Class A common stock priced at $17.00 per share. The underwriters have a 30-day option to purchase an additional 637,500 shares. The offering is expected to close on November 19, 2021. The proceeds will be used for general corporate purposes, which may include property acquisitions, dividends, capital expenditures, working capital, and debt repayment. J.P. Morgan, Stifel, and other firms are managing the offering.

Postal Realty Trust (NYSE: PSTL) has announced a public offering of 4,250,000 shares of its Class A common stock, with an option for underwriters to purchase an additional 637,500 shares. The proceeds will be used for general corporate purposes, including property acquisitions, dividend payments, capital expenditures, working capital, and debt repayment. J.P. Morgan and Stifel are serving as bookrunning managers for this offering. The offering is part of the Company’s strategy to manage over 1,300 properties leased primarily to the USPS.

Postal Realty Trust (NYSE:PSTL) reported significant growth for the quarter ended September 30, 2021, acquiring 59 USPS properties for $19.2 million, boosting rental income by 70% year-over-year. The firm's net income was $0.5 million ($0.03 per diluted share), while Funds from Operations reached $4.4 million ($0.25 per diluted share). The company raised its quarterly dividend by 4.7% to $0.2250 per share, marking the ninth consecutive increase. PSTL's owned portfolio is 99.6% occupied, with plans for continued expansion and a strong balance sheet to support future acquisitions.

Postal Realty Trust, Inc. (NYSE: PSTL) announced a quarterly dividend increase to $0.2250 per share, marking a 4.7% rise compared to the previous quarter. This represents the ninth consecutive quarter of dividend growth. The dividend will be payable on November 30, 2021, to shareholders of record by November 15, 2021. The company, which manages over 1,300 properties leased mainly to the United States Postal Service (USPS), continues to demonstrate its commitment to returning value to shareholders.

Postal Realty Trust, Inc. (NYSE:PSTL) announced it will report its financial results for the period ending September 30, 2021, on November 8, 2021, after market close. The company manages over 1,300 properties leased mainly to the United States Postal Service (USPS), including post offices and industrial facilities. A conference call to discuss the financial results will occur the same day at 5:00 PM Eastern Time, with a live audio webcast available on the company's investor website. Replay details for the call will be provided.

Postal Realty Trust (NYSE:PSTL) announced strong second quarter 2021 results, achieving 70% growth in rental income year-over-year. The company completed acquisitions of 71 USPS-leased properties for ~$30 million. Net income was $671,000 ($0.04/share), while Funds from Operations were $4 million ($0.25/share). An 8.5% increase in quarterly dividends to $0.2225 per share was declared. The portfolio remains fully occupied with an average rental rate of $8.68/sq ft. Following a new credit facility, the company aims to further expand its holdings nationwide.

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.