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, 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.
Postal Realty Trust (NYSE: PSTL) reported robust performance for Q3 2022, acquiring 66 USPS properties for $20.8 million, contributing to a year-to-date total of 273 properties for $109 million. The company achieved a 31% revenue growth year-over-year, with a net income of $0.9 million ($0.04 per diluted share). Funds from Operations (FFO) reached $5.8 million ($0.25 per diluted share), while Adjusted Funds from Operations (AFFO) was $6.1 million ($0.26 per diluted share). A quarterly dividend of $0.2350 per share was declared, marking a 4.4% increase from the previous year.
Postal Realty Trust, Inc. (NYSE:PSTL) has announced a 4.4% dividend increase to $0.2350 per share, marking the thirteenth consecutive quarter of dividend growth. This dividend payment is scheduled for November 28, 2022, with a record date of November 7, 2022. The company operates over 1,600 properties predominantly leased to the United States Postal Service (USPS), indicating a stable revenue stream derived from essential postal services. The announcement underscores the company's commitment to rewarding shareholders while navigating potential risks associated with USPS operations.
Postal Realty Trust, Inc. (NYSE: PSTL) announced it will report its financial results for the period ended September 30, 2022, on November 1, 2022, after market close. The company, which manages over 1,600 properties leased primarily to the United States Postal Service (USPS), will hold a webcast and conference call on November 2, 2022, at 8:30 A.M. Eastern Time to discuss these results. Investors can access the live audio via the company’s investor website, with replay options available until November 16, 2022.
Postal Realty Trust (PSTL) acquired 150 USPS properties for $55.1 million in Q2 2022, leading to a 35% revenue increase year-over-year. The net income was $1 million, or $0.04 per diluted share, while Funds from Operations (FFO) reached $5.4 million, or $0.23 per diluted share. The company declared a quarterly dividend of $0.2325 per share, a 4.5% increase from the previous year. With a strong occupancy rate of 99.7% and ongoing acquisition strategy, Postal Realty Trust positions itself favorably in the market with a robust balance sheet and sufficient liquidity.
Postal Realty Trust (PSTL) has announced a quarterly dividend of $0.2325 per share, reflecting a 4.5% increase from the previous quarter. This marks the twelfth consecutive quarter of dividend increases for the company. The dividend will be payable on August 26, 2022, to shareholders recorded as of August 8, 2022. The company primarily invests in properties leased to the United States Postal Service (USPS).
Postal Realty Trust (NYSE: PSTL) will report its financial results for the period ended June 30, 2022, on Tuesday, August 2, 2022, after market close. A webcast and conference call discussing the results will occur on Wednesday, August 3, 2022, at 8:30 A.M. Eastern Time. The company manages over 1,500 properties leased primarily to the United States Postal Service, covering both last-mile post offices and larger industrial facilities. Interested parties can access the live audio webcast on the Company’s investor website.
Postal Realty Trust (NYSE: PSTL) has announced that its CEO Andrew Spodek, President Jeremy Garber, and CFO Robert Klein will present at Nareit's REITweek: 2022 Investor Conference on June 7, 2022, at 11:00 AM ET. The presentation will focus on the company's extensive portfolio, which includes over 1,400 properties primarily leased to the United States Postal Service. Interested parties can access a live audio webcast on the Investors section of Postal Realty's website, with a replay available shortly after the event.