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.
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.
Postal Realty Trust, Inc. (NYSE: PSTL) celebrates its three-year anniversary as a public company by ringing The Closing Bell at the NYSE on May 31, 2022. The company, which manages over 1,400 properties leased primarily to the United States Postal Service, reports significant growth since its IPO, quadrupling its annualized base rent. CEO Andrew Spodek will lead the ceremony alongside stakeholders, marking a notable milestone.
Postal Realty Trust (NYSE:PSTL) reported its Q1 2022 results, achieving a revenue increase of 35% year-over-year, driven by robust property collections and strategic acquisitions. The company acquired 50 USPS properties for approximately $26.9 million, adding 179,000 net leasable square feet at a rental rate of $10.75 per square foot. Its net income was $0.6 million with FFO and AFFO at $4.8 million and $5.4 million, respectively. The quarterly dividend was raised by 4.5% to $0.23 per share. Additionally, the company has plans for further acquisitions totaling approximately $40 million.
Postal Realty Trust, Inc. (NYSE: PSTL) announced that it will report its financial results for the period ended March 31, 2022, on May 11, 2022, after market close. A conference call to discuss these results will be held on May 12, 2022, at 8:30 A.M. Eastern Time. This internally managed real estate investment trust owns over 1,400 properties primarily leased to the United States Postal Service (USPS), showcasing its strategic focus on postal-related real estate investments.
Postal Realty Trust (NYSE: PSTL) has announced a 4.5% increase in its quarterly dividend to $0.23 per share, marking the eleventh consecutive quarter of dividend increases. This dividend will be payable on May 27, 2022, to shareholders on record as of May 13, 2022. The company manages over 1,400 properties primarily leased to the United States Postal Service.
This continued increase reflects the company's commitment to delivering income to its shareholders amidst evolving market conditions.
Postal Realty Trust (NYSE:PSTL) reported strong financial results for the fourth quarter and full year 2021. The company acquired 55 USPS properties for approximately $42.8 million in Q4, contributing to a total of 239 properties acquired for around $118 million in 2021. Rental income surged 64% year-over-year, bolstering net income attributable to common shareholders to $2.1 million for the year. The company raised its dividend by 4.6%, marking the tenth consecutive increase. With a portfolio occupancy rate of 99.6%, PSTL demonstrates robust growth potential and commitment to shareholder returns.